From Dow Jones: Financial-Crisis Panel Set To Grill Wall Street Executives Wednesday's hearing marks the first of two days of testimony before the financial-crisis commission. ... Top executives from Goldman Sachs Group Inc. (GS), Morgan Stanley (MS), Bank of America Corp. (BAC) and JPMorgan Chase ( ... Read more

Having trouble understanding exactly how all those banks and brokerages and various financial entities that crashed last fall are connected? Check out this diagram : Yeah, that's clear as mud. To me, the shape of the diagram looks sort of like a brain. And after staring at it, I& ... Re ... Read more

The British Pound has imploded on fears of bank nationalization and Prime Minister Gordon Brown’s plan to give the Bank of England unprecedented powers to buy securities. This chart paints the not so pretty picture. British Pound vs. US$ Monthly Chart click on chart for sharper image T ... Read more

An interesting look at the current economic crisis from a historic perspective. Financial crisis of '08 among the worst ever From SignonSan Diego: "Scott Reynolds Nelson, a history professor at Virginia's College of William and Mary, suggests that 2008 may be much more like 1873 than 1929. ... Read more

Garbage in, Garbage out. Models are not reality. Models only help explain reality and therefore help our understanding of a reality that is generally too complex to fully grasp. These ideas are taught in every stats, econometrics, and finance class worth its weight. On every test students use ... Read more

Credit default swaps have been a major element in the ongoing financial crisis. That doesn't mean it's necessarily easy to understand just what the problem is with them. I've taken a crack at it in the past, but more recently I heard an analogy that makes the entire situation a lot easier to ... Read more

One or the other has some serious fixing to do to the financial system and therefore the economy. Main street does not understand what to do they just feel pain. So far the anesthetic has not worked. Fixing the financial mess will define the next presidency. Unfortunately this is all behind the scen ... Read more