Mon 2008-11-03 00:00 EST
The Credit Crisis Endgame, by Paul Amery (PrudentBear); ``the cost of insuring against a US government default has risen by 25 times in little over a year''; ``Signs of strain in the US Treasury market are already there...poor bid-to-cover ratios, and long tails''; Reinhart, Rogoff "Forgotten History of Domestic Debt"
Tue 2008-09-23 00:00 EDT
Credit Default Swap; naked capitalism; New York; Regulators.
Tue 2008-09-02 00:00 EDT
``I was "present at the creation" of Freddie Mac's risk management culturethe Foster...Van Order approach to pricing mortgage default risk. That was the approach that [Freddie Mac CEO Richard Syron] rejected''
Arnold Kling; Chapter; econlog; economic; Freddie Mac; liberties; libraries.
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"
Sun 2008-08-24 00:00 EDT
by Martin Hutchinson (Prudent Bear); auction-rate securities (ARS); credit default swaps (CDS); ``CDS market creates many times as much risk as it hedges or transfers''; GSEs ``leveraged more than would have been possible without the governments quasi-guarantee, lobbied like to crazy to ensure they were not properly regulated and collapsed thankfully into the arms of the taxpayer as soon as ill winds began to blow...by their presence they turned the soundest product in financial markets, the home mortgage, into an obscene speculative casino, causing collateral damage of many times their own losses.'' ``much of the financial services innovation of the last generation was spurious and unsound, and needs to be done away with''
Thu 2008-07-24 00:00 EDT
Jesse's Café Américain: We interrupt regular programming to announce that America has defaulted ...; Satyajit Das
America; announced; default; interrupt regular programming; Jesse's Café Américain.
Thu 2008-07-24 00:00 EDT
"We interrupt regular programming to announce that the United States of America has defaulted " Part 2, by Satyajit Das
America; announced; default; interrupt regular programming; Part 2; United States.
Wed 2008-06-04 00:00 EDT
The Yellow Brick Road > How to price ABX.HE credit default swaps; shady banks using CDS insurance deals for cheap credit? "creditors are about to be duped twice"
