Jul 12 2009
S&L Crisis Part Two: Are We Repeating Mistakes from the S&L Crisis? Accounting Sleight of Hand and Mortgage Fraud.
During the savings and loan crisis (S&L crisis) of the 1980s and 1990s a total of 745 thrifts failed. If we look at the history of the crisis, total losses were largely saddled to the American taxpayer. It is estimated that some $160.1 billion was the total bill for the crisis with roughly $124.6 [...]
Jul 7 2009
The Second Derivative: Employment and the Mounting Job Losses. Measuring the Velocity of Job Cuts in the Current Recession.
In addressing the unemployment situation it is important to look at the velocity of job losses. In January of 2009 we had a stunning 741,000 jobs lost in one month. This by far was the biggest one month cut during the current recession but it wasn’t the biggest one month change. The worst month came [...]
