Shame and Greed (the AIG experiment)

Sen. Charles Grassley (R-Iowa) suggested earlier this week in an interview with Iowa radio station WMT that AIG executives should follow the old tradition of the disgraced Japanese samurai to commit the ritual suicide (hara-kiri) and rid society of themselves. More
Mar 19, 2009 - 11:13 AM

Lessons (to be) learned. Now, let's move on

The global financial situation hits its lowest point so far as Bailout gets rejected and talks start anew.

Panic. One word that can derail even the most resilient financial market anywhere on our planet. It so happens that panic is pretty much everywhere in the global financial system right now. And when panic reigns, everyone suffers. Yet panic could be good – it makes people act. And something clearly has to be done. Something will be done.
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Sep 29, 2008 - 6:36 PM

Commentary: When the oil bubble is fueled by speculators

When speculators are in play, things rarely make sense. Take crude oil, for example. Just a few months ago, the upward trend of the price of the greatest commodity in human history seemed unstoppable. After it hit $100, it quickly crossed $110, $125, $140… analysts left and right were fighting to be the first to predict the next psychological “barrier”. Many were confident that, by year's end, we will surely see prices of $200 and even $250 per barrel. More
Sep 15, 2008 - 10:53 AM

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