Posts Tagged ‘International Monetary fund’

We’ve Solved a National Foreclosure Crisis Before, Why Not Now?

Written on 24 Feb, 2014 at 18:12

A large part of this protracted recession it said is due to households trying to reduce their debt levels, which in turn leads to less spending in the economy, driving the recession deeper and further.... (Continue reading)

Three Central Banks Surprise… Desperation in Three Part Harmony

Written on 6 Jul, 2012 at 7:55

The NYT story also mentioned that Bernanke and other central bankers have been trying to shift some of the burden for fixing the economy to elected officials, but the politicians aren't having any of that. Do they look stupid?... (Continue reading)

Debt Forgiveness – The IMF, Iceland, and the U.S. of the 1930s all say it works

Written on 7 May, 2012 at 6:25

Iceland's mortgage write-down program happened as a result of thousands of its citizens taking to the streets demanding that something be done about the debts the people had incurred buying homes during the bubble at what turned out to be... (Continue reading)

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Ice, Ice Baby – Iceland’s people give cold shoulder to paying for acts of reckless bankers.

Written on 21 Feb, 2011 at 8:21

Now, the British and Dutch governments want their money back, but Iceland's people are saying, well... no, not to put too fine a point on it. You might even say that the Icelanders are saying: "Hell no!" ... (Continue reading)