Thu 2009-07-23 00:00 EDT
naked capitalism: New Stress Trial Balloon Floated
``Tire out the critics, numb the casual followers, and leave the boosters in firm control of share of mind.''
firm Topic in The Credit Debacle Catalog
Satyajit Das's Blog - Fear & Loathing in Financial Products Tue 2009-04-21 00:00 EDT
Satyajit Das's Blog - Fear & Loathing in Financial Products: Credit Default Swaps -- Exercises in Surrealism
Satyajit Das's Blog - Fear & Loathing in Financial Products: Credit Default Swaps - Exercises in Surrealism; CDS payouts are placing a material pressure on the price of underlying bonds and loans exacerbating broader credit problems ``The CDS market is also complicating restructuring of distressed loans as all lenders do not have the same interest in ensuring the survival of the firm. A lender with purchased protection may seek to use the restructuring to trigger its CDS contracts''
Credit Default Swap; exercised; fears; financial products; loath; Satyajit Das's Blog; surreal.
Tue 2009-02-24 00:00 EST
naked capitalism: Guest Post: "Dear Mr. Volcker: It's the Banks, Stupid"
former Congressional staffer Lune: prevent any one firm from becoming Too Big To Fail
Thu 2009-01-15 00:00 EST
Jesse's Café Américain: Too Big to Fail, Too Well-Connected to Jail: The Economic Underworld of Bankruptcy for Profit
Jesse's Café Américain: Too Big to Fail, Too Well-Connected to Jail: The Economic Underworld of Bankruptcy for Profit; ``Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations.'' Akerlof and Romer; Yves Smith
bankruptcy; big; Economic Underworld; fail; jailed; Jesse's Café Américain; profits; well connections.
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``the government-sponsored entity or "GSE" is now the preferred business model in the US'' ``public policy has been replaced by public relations in this country.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: "Fannie: Going Concern, but I am Getting Concerned"
``the pervasive story of this entire era: all of the financial firm earnings eaten up by subsequent losses''
Fri 2008-11-07 00:00 EST
SSRN-Looting: The Economic Underworld of Bankruptcy for Profit by George Akerlof, Paul Romer
(1994); ``Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations.''
bankruptcy; Economic Underworld; George Akerlof; Paul Romer; profits; SSRN-Looting.
Tue 2008-09-02 00:00 EDT
Jesse's Café Américain: A Few Large Financial Firms Have Been Manipulating the Price of Commodities
Jesse's Café Américain: A Few Large Financial Firms Have Been Manipulating the Price of Commodities; 2008-09-21
Commodities; Jesse's Café Américain; large financial firms; manipulated; Price.
Thu 2008-07-10 00:00 EDT
Mish's Global Economic Trend Analysis: Former Fed Governor Says "Fannie, Freddie Insolvent"
former St. Louis Federal Reserve President William Poole: "Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege, financed by the taxpayer"
Fannie; Fed Governor Says; Freddie Insolvent; Mish's Global Economic Trend Analysis.
Fri 2008-06-06 00:00 EDT
Angry Bear: Failed Trade Policy: Confessions from Our Guy Who Negotiated China's Entry into the WTO
"Robert Cassidy, former assistant U.S. trade for Asia and for China, and Bill Clinton's point man in negotiating China's entry into the WTO, now admits the agreement was flawed from the start, benefiting two groups: multinationals that moved to China and financial firms that financed those investments."; "how globalization was designed"
Angry Bear; confessed; Failed Trade Policy; guys; Negotiated China's Entry; WTO.
Mon 2008-03-31 00:00 EDT
Interfluidity :: Don't regulate, rationalize
"Financial firms can be regulated utilities that handle essential plumbing but bear little risk, or they can be aggressive risk-seekers looking to play every angle and milk every opportunity. They cannot be both."
Fri 2008-03-28 00:00 EDT
Fed Offers $100 Billion More to Banks
Investment Firms Tap Fed for Billions, by Jeannine Aversa (AP)
100; bank; Feds offer.
Tue 2007-11-13 00:00 EST
Wall Street firms increasingly relying on risky assets - Nov. 12, 2007
Wall Street firms increasingly relying on risky assets, by Peter Eavis, Fortune; Level 3 bank assets increase ominously - Nov. 12, 2007
12; 2007; Nov; risky assets; Wall Street firms increasingly relying.
Tue 2007-10-02 00:00 EDT
naked capitalism: The Rise of the Free Trade Heretics
2007-04-14; Ralph Gomory; divergence of interests between multinational firms and their home country
Thu 2001-11-15 00:00 EST
CRMDaily: Real-time CRM Industry News from Around the World
Austin, Texas, Firm Looks for Commercial Success in Artificial Intelligence