Archive for ‘August, 2007’

7 results.
Aug26

Fascinating New York Times profile of Countrywide

by Steve Keen on August 26th, 2007 at 10:10 pm
Posted In: USA

The biggest lender in the USA is looking the most vulnerable, and this article gives good background as to why. Well worth a read!

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Aug17

Link to extended 7.30 Report Interview

by Steve Keen on August 17th, 2007 at 9:51 am
Posted In: Australia, Debtwatch, Media Coverage

The 7.30 Report is making good use of the web with its extended interview feature. These are the edited highlights of the major interviews it does for stories, at best ten per cent of which sees the light of day in the final story. Here is the link to the extended interview with me for […] ↓ Read the rest of this entry…

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Aug16

7.30 Report on “American mortgage shock waves hit Australia”

by Steve Keen on August 16th, 2007 at 9:39 am
Posted In: Australia, Debtwatch, Media Coverage, USA

Those of you who missed last night’s 7.30 Report (like myself–I was playing tennis at the time!) should check the link below:  American mortgage shock waves hit Australia Apologies again for a tardy update cycle on this blog, but as you can imagine, I’m busy as hell right now. When the dust settles–in early October–I […] ↓ Read the rest of this entry…

3 Comments
Aug10

Brief Report on the Home Loan Lending Roundtable

by Steve Keen on August 10th, 2007 at 10:52 pm
Posted In: Australia, Debtwatch, Politics

To its credit, the House of Representatives Standing Committee on Economics, Finance and Public Administration decided to hold an “Inquiry into home loan lending practices and processes“, in the form of a one-day round-table discussion with interested parties. They invited a diverse group: all the major banks were asked, as well as representative of non-bank lenders, […] ↓ Read the rest of this entry…

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Aug07

“Total, total bullshit”?

by Steve Keen on August 7th, 2007 at 9:37 am
Posted In: Australia, Debtwatch, Media Coverage, Politics

Oh dear. When Nassim Khadim from The Age asked me to comment yesterdy on the electoral assertion being made by the Liberal Party–that rising State debt was putting upward pressure on interest rates–I responded that the assertion was: “Total, total bullshit. It’s like saying that somebody dropped a pebble into the ocean and that caused a tsunami. And you […] ↓ Read the rest of this entry…

3 Comments
Aug05

Debtwatch No. 10: America’s Ponzi Schemes Unravel

by Steve Keen on August 5th, 2007 at 11:52 pm
Posted In: Australia, Debtwatch, USA

Named in mock honour of America’s greatest swindler, a Ponzi Scheme is a financial ruse that, for a time,  generates apparently great returns from an investment that in fact produces nothing. Ponzi Schemes initially appear to work because the promoters pay early entrants seemingly fantastic returns, by the simple expedient of giving them money deposited […] ↓ Read the rest of this entry…

5 Comments
Aug02

Submissions to Parliamentary Enquiry released

by Steve Keen on August 2nd, 2007 at 3:35 pm
Posted In: Australia, Politics

As you may know, the House of Representatives Standing Committee on Economics, Finance and Public Administration has arranged an Inquiry into home loan lending practices and processes, to which I have been invited. The submissions have just been released; click on the link to access them. My submission is here for speedy reference. Apologies to all […] ↓ Read the rest of this entry…

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