Archive of entries posted on March 2009

Knowledge is Power: Timothy Geithner Saves The World? Edition

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1. The Obama administration unveiled its plan to remove toxic assets from the books of the nation’s banks, betting that it can revive the U.S. financial system without resorting to outright nationalization. Treasury Announces $1 Trillion Public-Private Plan to Buy Banks’ Bad Debt From the Blog World: Barry Riholtz: Public-Private Investment Program TARP Part II …

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No Bank Failures in Australia in Modern Era

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According to the Australian Bankers Association, “Australia has not had a thorough bank failure in the modern era*, and so has not experienced the fallout from a collapse first-hand.” However other countries have had their share of bank of bank failures. Some examples are: 1970 USA US Penn Central Bank – collapse of market liquidity …

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Listing Of Shutdowns At Europe’s Car Assembly Plants

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In response to falling sales many car makers around the world have announced temporary shutdown of their assembly plants. The severity of the situation was evident from the recently published photos of unsold new cars parked in ports, factories, etc. in various countries. A sample photo is shown below. Photo: Imported cars stored at Sheerness …

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Knowledge is Power: Ten Great Wines Edition

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1. The financial crisis and economic downturn are likely to put upward pressure on government debt. The trouble is, according to OECD in Figures 2008, public debt (general government debt, which includes central and local government) had already risen quite sharply in the OECD as a whole since 1987, from 59% of GDP to 75% …

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