Jesse's Café Américain Thu 2009-08-20 16:07 EDT

China Makes Biggest Cut in US Treasury Assets Since 2000

Jesse

One has to wonder how long the UK, Japan and the US can keep supporting each other's crony capitalist oligopolies. China DailyChina cuts US Treasury holdings in June2009-08-18NEW YORK: China reduced its holdings of US Treasury debt in June by the biggest margin in nearly nine years, according to a US Treasury Department report issued on Monday.China cut its net holdings by 3.1 percent to $776.4

2000; China Makes Biggest Cut; Jesse's Café Américain; treasury assets.

Thu 2009-07-30 00:00 EDT

Hussman Funds - The Destructive Implications of the Bailout - Understanding Equilibrium - May 18, 2009

-- ``The Treasury has issued an enormous volume of debt into the frightened hands of investors seeking default-free securities. This has allowed the Treasury to finance a massive and largely needless transfer of wealth to bank bondholders so easily over the short-term that the longer-term cost has been almost completely obscured...transferring wealth from those who did not finance reckless loans to those who did... the Treasury and Federal Reserve have crowded out more than a trillion dollars of gross investment that would have otherwise have been made by responsible people in the coming years, shifted assets to the control of those who have proven themselves to be irresponsible destroyers of capital, and have planted the seeds of inflation that will cut short any emerging recovery.''

18; 2009; Bailout; Destructive Implications; Hussman Funds; Understanding Equilibrium.

Thu 2009-07-23 00:00 EDT

naked capitalism: Is Liquidity Really Good for You?

``just because a certain amount of liquidity is good, it does not necessarily follow that more is always better''; Richard Kline: ``The first issue when liquidity is provided to markets for any overall regulator, should and must be, "How do we prevent asset overpricing as a consequence? "''

Liquidity Really Good; naked capitalism.

Tue 2009-06-16 00:00 EDT

naked capitalism: Guest Post: The Fake Recovery

``he underlying systemic issues in the financial sector are being papered over through various mechanisms designed to surreptitiously recapitalize banks while monetary and fiscal stimulus induces a rebound before many banks' inherent insolvency becomes a problem''

Fake Recovery; Guest Post; naked capitalism.

Sun 2009-02-01 00:00 EST

naked capitalism: Goldman: Bank Rescue May Reach $4 Trillion (and "Bad Bank" Issues)

``watch as [banks] steal trillions from the yet-unborn. Future sonograms will show the shackles around their tiny ankles.''

4 trillion; bad banks; Bank rescued; Goldman; issue; naked capitalism; reaching.

Thu 2009-01-15 00:00 EST

naked capitalism: Fed Ponders Issuing Debt to Finance Its Mushrooming Balance Sheet

Fed Ponders Issuing Debt; finance; Mushrooming Balance Sheet; naked capitalism.

Wed 2008-07-23 00:00 EDT

It's a Class War, Stupid: Election season will be packed with distractions, but the real issue is a matter of life and death

by Matt Taibbi

Class War; death; distract; election season; Life; matter; pack; real issue; Stupid.

Wed 2008-06-11 00:00 EDT

Mish's Global Economic Trend Analysis: Credibility Issues Haunt Lehman

dodgy commercial real estate holdings getting significant writedowns

Credibility Issues Haunt Lehman; Mish's Global Economic Trend Analysis.

Wed 2008-05-21 00:00 EDT

naked capitalism: Defective Moody's Program Issues Billions of Erroneous Aaas

"banks have rogue traders,...rating agencies have rogue computer models"

Defective Moody's Program Issues Billions; Erroneous Aaas; naked capitalism.

Thu 2007-12-20 00:00 EST

Bear In Mind > Fannie Mae: Systemic time bomb

Bear In Mind > Fannie Mae: Systemic time bomb; half of issued debt bought by non-US investors; risky mortgage exposure 10x capital base; falling home prices drive foreclosures, huge Fannie Mae losses

Bear; Fannie Mae; mind; Systemic time bomb.

Sun 2007-12-16 00:00 EST

naked capitalism: SIV Rescue Plan: R.I.P; Is Paulson's Process to Blame?

improve outcomes on tough issues by separating problem definition from problem solving

blames; naked capitalism; Paulson's Process; R.I.P; SIV Rescue Plan.

Fri 2007-11-16 00:00 EST

naked capitalism: Rating Agencies Created Incentives to Issue Paper More Profitable for Them to Rate

Einhorn on credit; rating agencies compromised; securitization flawed; charging too little for risk-bearing; rating agencies have privileged access to deal data; artificial securitization bias

issues papers; naked capitalism; profits; rate; Rating Agencies Created Incentives.

Wed 2007-11-07 00:00 EST

naked capitalism: A Particularly Choice Citigroup Disclosure

CDO issuing CP!?!

naked capitalism; Particularly Choice Citigroup Disclosure.

Mon 2007-10-15 00:00 EDT

The Legacy of Justice Thomas | Campaign for America's Future

by digby; "his inappropriate behavior woke up the nation to the issue of sexual harassment"

America s future; campaign; justice Thomas; legacy.

Fri 2007-09-07 00:00 EDT

Econbrowser: Borrowing short and lending long

by James Hamilton; new bank-like institutions have evolved outside existing regulatory structures, issuing commercial paper and buying securitized debt

borrowers Short; Econbrowser; lend long.

Thu 2007-05-10 00:00 EDT

The Black Commentator - Wanted: A Plan for the Cities to Save Themselves - Issue 52

"Rampaging capital lays waste to the nation and the world the principal source of war and the despoiler of American cities."

Black Commentator; Citi; Issue 52; plans; save; wants.