Tag credit markets

Greek, Spanish, And Portuguese Bank Runs

1886 Bank Run: “The War of Wealth” As Mitch states in his recent blog titled “Greece Public Finances Face Collapse…“, if you have your money in Greek, Spanish, or Portuguese banks, get it out – now.Meanwhile, Niall Ferguson, a Harvard…

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 ratings, a good starting point is this Wikipedia article. Financial…

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 quote on Dealbreaker: “UBS cites a well-documented case from 377…