Tue 2009-06-16 00:00 EDT
Jesse's Café Américain: Second Largest US Commercial Retail Real Estate Company Files for Bankruptcy; General Growth Properties bankruptcy
bankruptcy; Commercial Retail Real Estate Company Files; Jesse's Café Américain; largest.
Tue 2009-06-16 00:00 EDT
Mish's Global Economic Trend Analysis: Anti-Libertarian Nonsense From Henry Kaufman & Company
Anti-Libertarian Nonsense; company; Henry Kaufman; Mish's Global Economic Trend Analysis.
Tue 2009-04-21 00:00 EDT
``The current bounce was fueled by a combination of deteriorating but less bad than expected economic reports (therefore counting as upside surprises), as well as what can only be considered misleading and semi-fraudulent earnings reports from distressed financial companies''
2009; April 20; Hussman Funds; weekly market comments; wished think.
The IRA Analyst Tue 2009-04-21 00:00 EDT
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 2008-08-26 00:00 EDT
by Satyajit Das (Prudent Bear); 2008-03-04; "CDS contracts may create incentives for creditors to push troubled companies into bankruptcy"
Tue 2008-08-26 00:00 EDT
The End of the Beginning - Developments in the Credit Crisis, by Satyajit Das (Prudent Bear); 2008-05-27; ``limited recognition of the massive de-leveraging of the global financial system that is under way.'' ``The banking systems ability to supply credit is significantly impaired and will remain so for the foreseeable future.'' ``Changes in financial markets will have a significant impact on many companies that now rely on financial engineering rather than real engineering'' Das proposes: ``holdings and values of risky assets held by banks and investment banks must be accurately determined...Risky assets must be valued on a hold-to-maturity basis...Mark-to-market accounting should be suspended...Capital levels should be set on a bank-by-bank basis by regulators...Capital requirements should be eased...government [should] guarantee of all major bank liabilities''
Sun 2008-08-24 00:00 EDT
``GM is not really a manufacturing company at all, but rather a subprime lender that sells cars.''
Ford Seek Taxpayer Bailout; GM; Mish's Global Economic Trend Analysis.
Tue 2008-08-19 00:00 EDT
NEWS & VIEWS-A Tale of Two Markets, Part 3, by Bennet Sedacca; "spreads in the credit markets are at historically wide levels and show no signs of tightening"; AIG "just one of scores of companies that cannot finance themselves"; "stocks remain...as over-valued as I have seen in many years"
Fri 2008-03-28 00:00 EDT
Winter (Economic & Market) Watch >> Backstopping Fictitious Capital; more on demise of platform company model; producers leaving China
Backstopping Fictitious capital; economic; Market; watch; winter.
Wed 2008-03-26 00:00 EDT
Winter (Economic & Market) Watch >> Rebuttal of GaveKal's Bully "Wealth & Platform Theory"; platform companies "outsource American jobs to safe production locales like China and Thailand, who then pollute the global environment and fail to account for the negative externalities (true costs) of their production...the peculiar slash and burn notion that the US can just eat its young by outsourcing jobs to foreign polluters, while failing to invest in capex and just merrily borrowing from foreigners against its Bubble induced wealth."; 2006-12-26
economic; GaveKal's Bully; Market; Platform Theory; Rebuttal; watch; wealth; winter.
Mon 2008-03-24 00:00 EDT
"unelected bureaucrats went beyond their legal mandates, delivered a windfall to a single private company at public expense, entered agreements that violate the the public trust, and created a situation where even if the bureaucratic malfeasance stands, the shareholders of Bear Stearns will either reject the deal or be deprived of their right to determine the fate of the company they own"
2; 6; Bear Stearns trade; Hussman Funds; weekly market comments.
Thu 2007-11-01 00:00 EDT
- The Handwriting is On the Wall: It's a Clinton-Obama Ticket in 08, by Bruce Dixon; "For Democratic and Republican wings of America's permanent ruling party, the all-important selection which precedes the election isn't about poll numbers, votes or the citizens that cast them. It's about winning the favor of military contractors, the banking and financial sectors and Big Oil. It's about reassuring insurance and pharmaceutical companies, cozying up to agribusiness, the cable and telecom monopolies, allaying the fears of chambers of commerce, and wooing Hollywood."
