credit markets

Look Ma, No Risk!

 What could possibly go wrong?

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M-Cubed: Mounting Muni Meltdown Municipal Bankruptcies Governing provides a dynamic map concerning municipal bankruptcies.  It and ZeroHedge offer plenty of commentary, so we won’t regurgitate. For perspective, however, keep in mind the size …

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The AAA Rating Bubble

The chart provided by Financial Times yesterday regarding a “AAA Bubble” is mostly self-explanatory, although the article has some good off-links.  And, for those who want a refresher on credit …

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Ecclesiasticus 8:12

Ecclesiasticus by Gustave Doré; 1866 “Lend not unto him that is mightier than thyself; for if thou lendest him, count it but lost.” We saw a comment about this Bible …

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