Bank-Implode! Sun 2009-09-20 12:22 EDT

Bank-Implode! >> Blog Archive >> Exclusive -- Wells Fargo's Commercial Portfolio is a ticking time bomb

In order to sort through the disaster that is Wells Fargo's (quote: WFC) commercial loan portfolio, the bank has hired help from outside experts to pour over the books... and they are shocked with what they are seeing. Not only do the bank's outstanding commercial loans collectively exceed the property values to which they are attached, but derivative trades leftover from its acquisition of Wachovia are creating another set of problems for the already beleaguered San Francisco-based megabank...According to sources currently working out these loans at Wells Fargo, when selling tranches of commercial mortgage-backed securities below the super senior tranche, Wachovia promised to pay the buyer's risk premium by writing credit default swap contracts against these subordinate bonds...should the junior tranches eventually default, then the bank is on the hook.

bank implode; blogs Archive; exclusive; ticking time bomb; Wells Fargo's commercial portfolio.

Thu 2009-09-17 10:02 EDT

``No One Saw This Coming'': Understanding Financial Crisis Through Accounting Models - Munich RePEc Personal Archive

Dirk J. Bezemer

This paper presents evidence that accounting (or flow-of-fund) macroeconomic models helped anticipate the credit crisis and economic recession. Equilibrium models ubiquitous in mainstream policy and research did not. This study identifies core differences, traces their intellectual pedigrees, and includes case studies of both types of models. It so provides constructive recommendations on revising methods of financial stability assessment. Overall, the paper is a plea for research into the link between accounting concepts and practices and macro economic outcomes.

accounts model; comes; Munich RePEc Personal Archive; saw; Understanding Financial Crisis.

Thu 2009-05-07 00:00 EDT

Beat the Press Archive | The American Prospect

first quarter wage growth slowed below inflation rate, reducing consumer purchasing power

American Prospect; beat; Press archival.

Tue 2009-04-21 00:00 EDT

Brad Setser: Follow the Money >> Blog Archive >> China v US money market funds

blogs Archive; Brad Setser; China; follows; money; money market funds.

Tue 2009-04-21 00:00 EDT

Option ARMageddon >> Blog Archive >> Panics and Booms, a lesson from 1897

L. M. Holt anticipates Irving Fisher on debt deflation theory of depressions

1897; blogs Archive; boom; Lessons; Options Armageddon; panic.

Tue 2009-04-21 00:00 EDT

Eyes on the Ties >> a blog by LittleSis >> Blog Archive >> The Protégés

Eyes on the Ties >> a blog by LittleSis >> Blog Archive >> The Protégés of Robert Rubin; Goldman Sachs alumni

Blog; blogs Archive; eye; LittleSis; protégé; tied.

Thu 2009-02-26 00:00 EST

FT Alphaville >> Blog Archive >> The United States Oil Fund mystery

-- ETF distorting markets, raising doubts of front-month contract's viability as a hedging instrument; ETF taking NAV loss every time it rolls

blogs Archive; FT Alphaville; United States Oil Fund mystery.

Fri 2008-11-07 00:00 EST

Brad Setser: Follow the Money >> Blog Archive >> Foreign central banks seek safety; the Fed, by contrast ...

Brad Setser: Follow the Money >> Blog Archive >> Foreign central banks seek safety; the Fed, by contrast ... ; foreign central banks added Treasuries, dumped Agencies; 2008-10-16

blogs Archive; Brad Setser; contrast; Fed; follows; Foreign central banks seek safety; money.

Tue 2008-07-15 00:00 EDT

Brad Setser: Follow the Money >> Blog Archive >> Too Chinese (and Russian) to fail?

politics of fannie, freddie bailout

blogs Archive; Brad Setser; Chinese; fail; follows; money; Russian.

Thu 2008-07-10 00:00 EDT

Brad Setser: Follow the Money >> Blog Archive >> Why not more articles on China's reserve growth? And just who are Chinese banks lending to?

Brad Setser: Follow the Money >> Blog Archive >> Why not more articles on China's reserve growth? And just who are Chinese banks lending to?

article; blogs Archive; Brad Setser; China's reserve growth; Chinese bank lending; follows; just; money.

Thu 2008-06-26 00:00 EDT

Brad Setser: Follow the Money >> Blog Archive >> Why not more articles on China's reserve growth? And just who are Chinese banks lending to?

Brad Setser: Follow the Money >> Blog Archive >> Why not more articles on China's reserve growth? And just who are Chinese banks lending to?

article; blogs Archive; Brad Setser; China's reserve growth; Chinese bank lending; follows; just; money.

Tue 2008-05-13 00:00 EDT

FBI Targets Internet Archive With Secret 'National Security Letter', Loses | Threat Level from Wired.com

FBI Targets Internet Archive With Secret 'National Security Letter', Loses, by Ryan Singal | Threat Level from Wired.com; Internet Archive; Brewster Kahle; EFF defeats NSL; "time-honored tradition of librarians protecting the rights of their patrons"

com; FBI Targets Internet Archive; Lose; nation security letter; secret; Threat Level; Wired.

Wed 2007-11-28 00:00 EST

FT Alphaville >> Blog Archive >> ACA hits trouble - squared

(CDO squared Lancer Funder II default event; CDO implosion}

ACA Hits troubles; blogs Archive; FT Alphaville; squared.

Tue 2007-10-02 00:00 EDT

Thomas Palley >> Blog Archive >> Jack Welch's Barge: The New Economics of Trade

Thomas Palley >> Blog Archive >> Jack Welch's Barge: The New Economics of Trade; "Globalization...has made capital mobility rather than country comparative advantage the engine of trade."

blogs Archive; Jack Welch s Barge; new economically; Thomas Palley; trading.

Thu 2007-09-13 00:00 EDT

Thomas Palley >> Blog Archive >> The Fed and America's Distorted Expansion

Thomas Palley >> Blog Archive >> The Fed and America's Distorted Expansion; shallow, fragile expansion due to record trade deficits, manufacturing weakness

America's Distorted Expansion; blogs Archive; Fed; Thomas Palley.

Fri 2007-02-23 00:00 EST

Northwest Progressive Institute Archive: Corporate America's "Man of the People"

Michael E. Baroody, corporate lobbyist, proposed head of Consumer Product Safety Commission

corporate America's; man; Northwest Progressive Institute Archive; people.