Tue 2008-10-07 00:00 EDT
naked capitalism: Goal of Paulson Plan: Restore Mark-to-Myth Accounting
goal; Myth Accounting; naked capitalism; Paulson plans; Restore Mark.
marked Topic in The Credit Debacle Catalog
Tue 2008-08-26 00:00 EDT
The End of the Beginning -- Developments in the Credit Crisis
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''
Wed 2008-08-06 00:00 EDT
Business Spectator - Apocalypse NAB
National Australia Bank's small portfolio of US residential mortgage-backed securities marked down 90%; CDO price discovery
Wed 2008-08-06 00:00 EDT
Winter (Economic & Market) Watch >> A Modern Day Alexander Hamilton
Winter (Economic & Market) Watch >> A Modern Day Alexander Hamilton; "moving to the end game, where massive American assets...marked down and sold to new foreign masters"
economic; Market; Modern Day Alexander Hamilton; watch; winter.
Sat 2008-07-12 00:00 EDT
Winter (Economic & Market) Watch >> Take Downs and Drawing the Wrong Straw
Winter (Economic & Market) Watch >> Take Downs and Drawing the Wrong Straw: "the last six months of the Bush administration will mark one of the greatest periods of systematic looting in American history"
Draw; economic; Market; Take Downs; watch; winter; Wrong Straw.
Fri 2008-06-06 00:00 EDT
Jesse's Café Américain: To Restore Our Economy the Banks Must Be Restrained
Jesse's Café Américain: To Restore Our Economy the Banks Must Be Restrained; Bloomberg commentary by Mark Gilbert, "Time to Put Investment Banking Back in Its Box"
Thu 2008-05-22 00:00 EDT
Jesse's Café Américain: Moody's Stock Craters on Revelations it Marked Dodgy Debt Aaa for Sale to Europe - Blames a Computer
Jesse's Café Américain: Moody's Stock Craters on Revelations it Marked Dodgy Debt Aaa for Sale to Europe - Blames a Computer; "appearance of a collusion to defraud European investors"
blames; computers; Europe; Jesse's Café Américain; Marked Dodgy Debt Aaa; Moody's Stock Craters; revelations; sales.
Sun 2008-03-30 00:00 EDT
naked capitalism: SEC Gives Permission to Fudge Mark-to-Market
fudge marks; Market; naked capitalism; SEC Gives Permission.
Wed 2008-03-26 00:00 EDT
naked capitalism: Wolf: Free Market Capitalism Just Passed Its Peak
"Bear Stearns bailout as the high water mark of free market capitalist ideology."
Free Market Capitalism Just Passed; naked capitalism; peak; Wolf.
Thu 2008-03-20 00:00 EDT
Paul Craig Roberts: How to End the Subprime Crisis
Fri 2007-09-14 00:00 EDT
Heard on the Street - WSJ.com
Marking Down Wall Street, by David Reilly; mark-to-model, mark-to-make-believe accounting rules
Sun 2007-04-29 00:00 EDT
The Journal's Russia Scandal
by Matt Taibbi and Mark Ames (The Nation, 1999-10-04)