How Ratings Agencies and Derivatives Turned a Mortgage Problem into a Financial Inferno

How credit rating agencies and derivatives turned a mortgage valuation problem into a global financial crisis. A plain-English explainer of what amplified the 2008 crash.

The Daily Grind News
“But 20 years later, they’re back selling #equilibrium %analysis as if the #GFC didn’t happen. Their students are falling for it, because they were infants when the GFC hit.” open.substack.com/pub/profstev...

Equilibrium (is) for Dummies
Equilibrium (is) for Dummies

In recent months, there has been a resurgence of Neoclassical economists tweeting about equilibrium, and championing their approach to economics over that of heterodox economists like me.

Building a New Economics
How #worldorder looks after 2025
"postwar order carried te seeds of its demise. Authority was concentrated in Western‑led institutions tt claimed to speak for te world. #US #hegemony often led to overreach & #hubris.. confidence in US model's superiority obscured reality of domestic decay.. 2008 #GFC was an early warning. US #policymakers stabilised te system but didn't repair it. #Inequality rose & #politics grew angrier.. #Globalisation entrenched a #lopsided bargain"🇺🇸🤦‍♂️
https://www.bangkokpost.com/opinion/opinion/3168649/how-world-order-looks-after-2025

#SignalApp goes through the Great Firewall of China when toggling on `censorship circumvention` in `advanced settings`.

A million thanks @signalapp you guys rock!

#Censorship #China #GFC #Encryption

If you haven't seen the 2003 original, made in the wake of the Enron and WorldCom scandals and only 5 years before the corpogenic Global Financial Crisis, get thee to the archives;

https://archive.org/details/The_Corporation_/

#film #documentary #TheCorporation #corporations #capitalism #GFC

The Corporation - Filmmakers Official Download Edition : Mark Achbar, Bart Simpson : Free Download, Borrow, and Streaming : Internet Archive

The Corporation is a 2003 Canadian documentary film critical of the modern-day corporation, considering it as a class of person and evaluating its behaviour...

Internet Archive

✳️lighting Trump's crypto corruption.

Sen Dems who railed against Trump's #corruption suddenly develop amnesia when: #crypto IND waves $197M in campaign donations. GENIUS Act: basically a permission slip for pres conflicts of interest. Ds opposed: bill 11 days ago citing ethics concerns. 16 D Senators:🚨funny how $40M spent defeating Sen Brown helped change their thinking.

The last time Congress created a 'weak REG regime for innovative FIN products'➡️🚨*2008 #GFC.
#USPol
https://www.thenation.com/article/politics/genius-act-crypto-democrats/

Democrats Are Greenlighting Trump’s Crypto Corruption

Sixteen senators backed a disastrous bill that enshrines the crypto industry's flagrant abuses into law.

The Nation

1/ #MAGA bros are crowing about the 2nd highest single day Nasdaq stock market gains in history. It's worth remembering that:

1. the 1st, 4th, 7th, 8th, and 10th largest single day Nasdaq gains came during the dotcom crash.

2. the 3rd and 5th largest single day gains came in the middle of the 2008 financial crisis.

3. the 6th and 8th (tied) largest gains came during the covid panic in 2020

In other words all 10 of the highest gaining days in Nasdaq history, with the possible exception of today which is still TBD, came during major long term market crashes.

Massive market moves like this are in no way a sign that markets are healthy and performing their societal function. In fact quite the opposite - massive moves up are historically almost always a symptom of the disease of speculative mania refusing to accept reality (“buy the dip!!!!”).

#uspol #recession #stockmarket #finance #trump #tariff #tariffs #QQQ #Nasdaq #GreatFinancialCrisis #GFC #buythedip #BTFD #economy #economics

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Yeşil İklim Fonu, 687 milyon dolarlık yeni yatırımı onayladı | Çevre Hattı

Gelişmekte olan ülkelerin iklim değişikliğiyle mücadele etmesine destek sağlayan dünyanın en büyük fonu olan Yeşil İklim Fonu (GCF), 686,8 milyon dolarlık yeni finansmanı onayladığını duyurdu.

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