Enron, Subprime and the Derivative Disease

16.10.07
That Treasury Secretary Henry Paulson is leading efforts to organize an $80 billion or so pool of private capital to finance four times that much in illiquid subprime assets controlled by some of the largest US banks is not a good sign. Looks to us like a prelude to a federal bailout
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp

The “Subprime” Mentality: A Metaphor For the Whole U.S. Financial Market—

15.10.07
First of all, the fallout from subprime lending will be bad enough as it stands. But the real problem is that “subprime” is a metaphor for the whole U.S. financial culture.
http://www.prudentbear.com/index.php?option=com_content&view=article&id=4790&Itemid=57

Shadow Government Statistics

10.10.07
M3 chart
http://www.shadowstats.com/cgi-bin/sgs/data

CRISIS? WHAT CRISIS?

4.10.07
As I perused the financial news over the past week, I was increasingly puzzled as to why it is that the denizens of Wall Street and Main Street appear to be paying almost no attention to the unfolding crisis.
http://www.financialsense.com/editorials/casey/2007/1004.html