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2008 Financial Crisis – Causes and historical context

Tom Spencer

The senior slices of a CDO were considered to be safer because they had first priority on cash flows received from the pool of mortgages in the event of default. Money became stagnant, and cross-border capital flows dramatically reduced. These repackaged securities were called collateralized debt obligations (CDOs).

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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

Monetary policy is testing its outer limits. The normalisation of the policy stance has hardly started. This has been labelled the “second phase of global liquidity”, to differentiate it from the pre-crisis phase, which was largely centred on banks expanding their cross-border operations.

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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

She has worked with legislators, lobbyists, and attorneys to draft legislation and effect policy changes related to the state’s bonded indebtedness.” The Corporate Fund is Chicago’s general operating fund. Chicago’s property tax revenues do not go into its general operating fund. Buyers and traders in the $3.7