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Posts tagged bailout

Why Bankers Want a Taxpayer Bail-out of the Municipal Bond Market

Apr14
2011
Leave a Comment Written by Chriss W. Street
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On May 5, 2009, I testified in front of Barney Frank’s Financial Services Committee that if Congress provided a guarantee of municipal bonds, the United States of America would lose its’ AAA credit rating. Over the next year and a half, I was labeled the “typical Orange County ultra-conservative alarmist” when I spoke at dozens [...]

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Posted in Economics - Tagged Barney Frank, bond default, california debt, Financial Services, jamie dimon, JP Morgan Chase, local debt, muni market, municipal bonds, municipal debt
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Greek Tragedy by Chriss Street

Apr12
2010
9 Comments Written by Chriss W. Street

Every Greek tragedy has a familiar refrain of desperate challenge, followed by early victory and then ultimate disaster. This familiar scenario is playing out on the world stage as the Greek government claims victory in receiving a huge $61 billion bail-out by the European Union. Eerily similar to how the Trojans were convinced to open [...]

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Posted in Economics, Political - Tagged bail-out, europe, European Union, Greece, greek, tragedy
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