dimelab: 03 Topic in The Credit Debacle Catalog at Feed-Adept

03 Topic in The Credit Debacle Catalog

03 04 (2); 03 11 (2); 03/1998 (1); 09 03 (2); 2003-03 (2); 2003-03-04 (1); 2003-03-11 (1); 2005 03 (1); 2006-08-03 (1); 2007 03 (2); 2007 03 25 (1); 2007 09 03 (1); 2007-03-22 (1); 2008-03 (2); 2008-03-04 (1); 2008-03-17 (1); 2008-09-03 (1); 2009-03 (3); 2009-03-11 (1); 2009-03-13 (1); 2009-03-16 (1); 2009-12-03 (1); 2010 03 07 (1).

Tue 2010-10-12 16:13 EDT

Iceland Rejects Icesave Depositors Bill in Referendum - BusinessWeek [2010-03-07]

Icelanders rejected by a massive majority a bill that would saddle each citizen with $16,400 of debt in protest at U.K. and Dutch demands that they cover losses triggered by the failure of a private bank...Voters rejected the bill because ``ordinary people, farmers and fishermen, taxpayers, doctors, nurses, teachers, are being asked to shoulder through their taxes a burden that was created by irresponsible greedy bankers,'' said President Olafur R. Grimsson, whose rejection of the bill resulted in the plebiscite...Icelanders used the referendum to express their outrage at being asked to take on the obligations of bankers who allowed the island's financial system to create a debt burden more than 10 times the size of the economy...

2010 03 07; BusinessWeek; Iceland Rejects Icesave Depositors Bill; referendum.

Tue 2010-08-03 14:34 EDT

Rajiv Sethi: The Economics of Hyman Minsky [2009-12-03]

There has been a resurgence of interest in the economic writings of Hyman Minsky over the past few years, and for good reason...Minsky's theoretical framework combines a cash-flow approach to investment with a theory of financial instability...expectations of financial tranquility are self-falsifying. Stability, as Minsky liked to put it, is itself destabilizing...An essential feature of Minsky's financial instability hypothesis is that a long period of sustained stability gives rise to changes in financial practices which are not conducive to the persistence of stable growth...A sustained period of stability gives rise to optimistic expectations and a rise in speculative financing...if a large number of investments which are prompted by the availability of speculative finance are found to be inept, so that immediate cash flows are significantly lower than expected, then the need for short-term refinancing becomes acute while at the same time banks are less willing to roll over existing debt. A sharp rise in short-term interest rates occurs which can lead to present value reversals, a rush towards liquidity, a plunge in the prices of illiquid assets, both real and financial, and a corresponding drop in new investments...described as a credit crunch, a state of financial distress, or a financial crisis...

2009-12-03; economic; Hyman Minsky; Rajiv Sethi.

Tue 2009-04-21 00:00 EDT

Calculated Risk: UK Begins Quantitative Easing

2009-03-11

Calculated Risk; UK Begins Quantitative Easing.

The IRA Analyst Tue 2009-04-21 00:00 EDT

The Institutional Risk Analyst: Stress Test Zombies: Not Too Big To Fail? Tough Tootsies Little Banks!

2009-03-13; ``The Bernanke/Geithner approach to not dealing with the financial crisis amounts to a hideous public subsidy of the global transactional class, a transfer of wealth from American taxpayers to the institutional investors who hold the bonds and derivative obligations tied to the zombie banks, AIG and the GSEs. All of these companies will require continuing cash subsidies if they are not resolved in bankruptcy.''

bank; big; fail; Institutional Risk Analyst; IRA Analyst; Stress Test Zombies; Tough Tootsies.

Tue 2009-04-21 00:00 EDT

naked capitalism: Wiliam Black Savages Treasury's Conduct on AIG

2009-03-16

AIG; naked capitalism; Wiliam Black Savages Treasury's Conduct.

Thu 2009-01-15 00:00 EST

The Institutional Risk Analyst: GSE Nation: Interview with Robert Feinberg

GSE Nation: Interview with Robert Feinberg; The Institutional Risk Analyst (IRA); 2008-03-17; ``the government-sponsored entity or "GSE" is now the preferred business model in the US'' ``public policy has been replaced by public relations in this country. Our leaders don't get told what they don't want to hear because the spin machine let's them pick up the Wall Street Journal and read what they want to read because it was placed by the PR firm hired by the banks or the GSEs for that purpose.''

GSE nationalization; Institutional Risk Analyst; interview; Robert Feinberg.

Sun 2008-11-23 00:00 EST

naked capitalism: New York Fed President Timothy Geithner's Not-So-Reassuring Speech

2007-03-25

naked capitalism; New York Fed President Timothy Geithner's; Reassuring Speech.

Tue 2008-10-07 00:00 EDT

What (Really) Happened in 1995? - Aaron Krowne - iTulip.com Forums

(2006-08-03); How the Greenspan Fed Screwed Up in the Mid-90s and set the stage for the Greatest Financial Bubble in the History of the World

1995; Aaron Krowne; com forums; happened; iTulip; really.

Tue 2008-09-23 00:00 EDT

Mish's Global Economic Trend Analysis: Real Interest Rates Are High

2008-09-03

high; Mish's Global Economic Trend Analysis; Real interesting rates.

Tue 2008-08-26 00:00 EDT

The Credit Default Swap Market - Will It Unravel?

by Satyajit Das (Prudent Bear); 2008-03-04; "CDS contracts may create incentives for creditors to push troubled companies into bankruptcy"

credit default swaps market; unravelling.

Wed 2008-05-28 00:00 EDT

What is Taylor's rule? (03/1998)

by The Federal Reserve Bank of San Francisco; real short-term interest rates should consider actual inflation relative to Fed target, economic activity relative to "full employment", and short-term rate considered consistent with full employment

03/1998; Taylor's rule.

Wed 2007-10-31 00:00 EDT

Social Security Privatization in Latin America

by John Turner, AARP Public Policy Institute; 2005-03

Latin America; Social Security Privatization.

Sat 2007-09-15 00:00 EDT

Hussman Funds - Weekly Market Comment: September 3, 2007 - The Problem With Financials

2007-09-03; "I don't believe it's possible or useful to make short-term market forecasts"; "problems for financials are just beginning"

2007; Financial; Hussman Funds; problem; September 3; weekly market comments.

Wed 2007-09-05 00:00 EDT

FT.com / Home UK / UK - In the new liquidity factories, buyers must still beware

by Mohamed El-Erian (2007-03-22); Fed interest rate hikes offset by private liquidity creation

Beware; buyers; com; FT; home UK; new liquidity factories; UK.

Fri 2007-07-06 00:00 EDT

BBC NEWS | Business | Buffett warns on investment 'time bomb'

Warren Buffet: "Derivatives are financial weapons of mass destruction"; 2003-03-04;

BBC News; Buffett warns; business; investment; time bomb.

Fri 2007-04-27 00:00 EDT

New York Press - MATT TAIBBI -

Are You suprised ? by Matt Taibbi; The White House Press Corps politely grabs its ankles. 2003-03-11

Matt Taibbi; New York press.