Roubini Global Economics

September 17, 2008 Finance, Politics No Comments

Roubini On The US Financial Disastrous Situation :
Nouriel Roublie is Chairman of Roubini Global Economics and Teaches at NYU
He has been predicting what is currently going on and sees worse times ahead.
It was over the past weekend (9-12-2008 / 9-14-2008)
And what I have heard from Guest on Charlie Rose, which he was also a part of, To The News Hour with Jim Lerher, People are predicting anywhere from mid 2009 to mid 2011.
That’s a depressing or rather contracting inwards now as it is blowing off bloated assets i/e over debited or Toxic assets.

How Much does Lehman owe?

September 16, 2008 Finance, Politics, U.S. Law and Policy No Comments


Aozora Bank $463,000,000
Mizuho Corporate Bank $382,000,000
Shinsei Bank $231,000,000
UFJ Bank $185,000,000
Sumitomo Mitsubishi $177,000,000
Grand Total that They Owe To the Global Financial Market:
1,438,000,000  that is 1.5 Billion Dollars

This Ripples across the world
The European Central Bank and the Bank of England
JOINED the FEDERAL RESERVE

ECB released 43 Billion in a one day Money Market Auction (three time what was prescribed)
And Bank of England loaned 9 Billion for 3 days

Deflation of an overinflated Housing Market based on speculative prices….

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