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Are the Big Banks Faking a “Liquidity Crisis”?

I previously pointed out that when the Japanese government threw cash at their big banks in the 90’s, the banks just horded the money instead of using it to restore “liquidity”.
Well, a professor of economics and an expert in liquidity now hints that the entire liquidity “crisis” might be a hoax.
Bloomberg quotes the good professor:
“I suspect that part [...]

14Feb2009 | Winter Ross Charlton | 0 comments | Continued
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$825 Billion Stimulus Plan to Pay for New Windows, Day Care, Cable TV

The $825 billion government stimulus package unveiled by congressional Democrats on Friday contains billions of dollars in government spending supposedly designed to create jobs and stimulate the economy.
However, the package also contains a host of items congressional leaders rarely mention, including hundreds of millions of dollars for cable TV boxes, new windows in government housing, [...]

10Feb2009 | Winter Ross Charlton | 0 comments | Continued
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We’re moving close to ‘a savior-based economy’

As many state and local officials clamor for their share of the billions of dollars in federal aid in the stimulus bill under consideration in Washington, South Carolina’s Republican governor is sounding a note of dissent about federal efforts to help the economy.
“A problem that was created by building up of too much debt will [...]

10Feb2009 | Winter Ross Charlton | 0 comments | Continued
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INFOWARS: More Economists Say Crisis Is Worse Than Great Depression

More Economists Say Crisis Is Worse Than Great Depression
 
Steve Watson
Infowars.net
Thursday, Jan 29th, 2009

More prominent economists have declared that the U.S. is facing a depression that may be even worse than that of the 1930s.
Noting that current efforts to rescue the mortgage industry are less successful than those used during the 30s, Edward J. Pinto, former [...]

1Feb2009 | Winter Ross Charlton | 0 comments | Continued
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Hello world!

Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!

2Aug2008 | Winter Ross Charlton | 1 comment | Continued