Tue 2008-10-07 00:00 EDT
naked capitalism: Banking Expert: Bailout Not Necessary, Industry Can Take Losses
Bert Ely, Institutional Risk Analytics
Bailout; banking experts; Industrial; naked capitalism; necessary; taking losses.
losses Topic in The Credit Debacle Catalog
Tue 2008-10-07 00:00 EDT
naked capitalism: AIG Bailout Saved Goldman From Major Loss
Sun 2008-08-24 00:00 EDT
Winter (Economic & Market) Watch >> Here They Go Again
Winter (Economic & Market) Watch >> Here They Go Again; many early subprime modifications failing; banks which ``moved early and aggressively to deal with this in terms of raising new capital, foreclosing instead of restructuring, and tightening down early on lax credit, may be the last people standing''; loss severity increasing; ``third quarter is going to be an unmitigated disaster for the financial sector'', ``foreign money will move in a big way to gobble up American assets''
Sun 2008-08-24 00:00 EDT
Here comes the downsizing of finance
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''
Fri 2008-06-06 00:00 EDT
naked capitalism: Early Estimates of Losses From MBIA, Ambac Downgrade
(200 billion?)
Ambac Downgrade; early estimates; losses; MBIA; naked capitalism.
Sat 2008-05-24 00:00 EDT
naked capitalism: Commodities Spike: Vote of No Confidence in Central Bankers?
Steve Waldman; commodity price run-up due to loss of faith in monetrary authorities? large-scale repudiation of financial assets; "nd of a paradigm: large scale OTC markets, lightly regulated players and instruments, dollar as reserve currency, US as the most important global economic actors"
central bankers; Commodities Spike; Confidence; naked capitalism; voting.
Sat 2008-05-24 00:00 EDT
Interfluidity :: A run on central banks?
by Steve Randy Waldman; loss of confidence in central banks explains spiking commodity prices
Wed 2008-05-14 00:00 EDT
Jesse's Café Américain: Bank of America Sees Higher Losses; Banks Have "Enormous Unrecognized Losses"
Jesse's Café Américain: Bank of America Sees Higher Losses; Banks Have "Enormous Unrecognized Losses"
America Sees Higher Losses; bank; Enormous Unrecognized Losses; Jesse's Café Américain.
Wed 2008-05-07 00:00 EDT
naked capitalism: Jeremy Grantham: "Immoral Hazard" and the Loss of Standards
Immoral Hazard; Jeremy Grantham; losses; naked capitalism; Standard.
Tue 2008-04-01 00:00 EDT
naked capitalism: UBS 1Q Losses to Equal 1/3 of Equity
Tue 2008-04-01 00:00 EDT
Calculated Risk: Treasury Agrees to Absorb any Losses to the Fed from Bear Stearns
absorbing; Bear Stearns; Calculated Risk; Fed; losses; Treasury agreed.
Mon 2008-03-24 00:00 EDT
Winter (Economic & Market) Watch >> Another Kettle Boils Over
Winter (Economic & Market) Watch >> Another Kettle Boils Over; regional banks exposed to huge losses on construction loans
economic; kettle boil; Market; watch; winter.