September 2008 Archives

A brief look at financial panics, past and present.

Vast Bailout by U.S. Proposed in Bid to Stem Financial Crisis
from New York Times, September 19, 2008

The Financial Crisis: Fed Lent $121 Billion on Week
from Wall Street Journal, September 19, 2008

Panic of 1907
from The New Palgrave Dictionary of Economics

Financial Panics and Crises
from The Oxford Encyclopedia of Economic History

It's not uncommon for students to use information from the Web in research papers without closely evaluating it. One of criteria for evaluation should always be "currency" of the information. The Washington Post recently gave an excellent example of investors often make the same mistake.  It has real world consequences. Take a look at the following article:

2002's News, Yesterday's Sell-Off, Sept. 9, 2008

In these jittery times, let's hope that most investors are making decisions based on current, reliable information!

Democracy Now! is a daily radio news show from a left-liberal perspective.  Here's a discussion (written and in audio) with Nomi Prins (journalist and former investment banker) and Michael Hudson (Distinguished Research Professor of Economics at the University of Missouri, Kansas City) on AIG and the other recent bailouts.