Bruce Krasting Fri 2009-09-04 19:11 EDT

Debt Repudiation -- On the Table

Bruce Krasting

In the Week in Review section the NY Times had a piece by David Streitfeld titled ``When Debtors Decide to Default''. I thought it was an important story. The NY Times put the issue of Debt Repudiation on the table. Exactly where it belongs. The author also contributed a new adjective to describe many of America's troubled borrowers, ``Ruthless Defaulters''. This definition comes to us from the ``lending'' side of the equation. I think that is a misguided definition by the industry. I don't think they know what they are up against. Yet...Debt repudiation is the biggest systemic risk we face...the default rate on mortgages in excess of $500k is going to explode this fall...the CC numbers would follow. Broad based debt repudiation is a distinct possibility.

Bruce Krasting; Debt Repudiation; table.

Thu 2009-07-30 00:00 EDT

naked capitalism: TARP Beneficiary Says "Sham" Bailouts Help Speculators

-- Mark Patterson: US Treasury is out of its depth and seems to be trying to put off drastic action by pretending that the banking system is still viable ``Its a sham. The banks are insolvent. The US government is trying to sedate the public...''

Bailouts Help Speculators; naked capitalism; sham; TARP Beneficiary Says.

Tue 2009-04-21 00:00 EDT

Hussman Funds - Weekly Market Comment: Fed and Treasury - Putting off Hard Choices with Easy Money (and Probable Chaos) - March 23, 2009

2009; easy money; Fed; Hard Choice; Hussman Funds; March 23; Probable Chaos; putting; Treasury; weekly market comments.

Tue 2009-02-24 00:00 EST

Jesse's Café Américain: When Will the Wall Street Money Center Banks Be Nationalized?

Jesse's Café Américain: When Will the Wall Street Money Center Banks Be Nationalized? "Most of the big banks need to be put into some form of bankruptcy and recapitalized, and I think everybody understands that." Ken Rogoff

Jesse's Café Américain; nation; Wall Street money center banks.

Thu 2009-01-15 00:00 EST

The Institutional Risk Analyst: On the Prime Solution: Interview with Eric Hovde

The Prime Solution: Interview with Eric Hovde, by The Institutional Risk Analyst (IRA); ``he manifest statist, anti-market tendencies of Ben Bernanke and Tim Geithner should disqualify both of these men from future roles in the economic rebuilding effort''; FICO demise predicted; ``There isn't going to be any [real estate] development in New York once the current projects are complete. Nothing.''; Bear, AIG should all have been put into bankruptcy; ``the same economic team that lit this fuse and let this fuse go 12 years ago is now about to come back into power...It is stunning to me that we are not seeing a wholesale switch-out of these Goldman Sachs participants or their protégés''

Eric Hovde; Institutional Risk Analyst; interview; Prime Solution.

Thu 2009-01-15 00:00 EST

naked capitalism: Dizard: "Put the credit default swaps market out of its misery"

CDS pricing

credit default swaps market; Dizard; misery; naked capitalism; putting.

Tue 2008-10-07 00:00 EDT

naked capitalism: WaMu Purchase Puts JP Morgan at 15% Share of Bank-Broker Market

15; Bank-Broker Market; naked capitalism; shares; WaMu Purchase Puts JP Morgan.

Wed 2008-08-13 00:00 EDT

Mish's Global Economic Trend Analysis: Trichet Puts Spotlight on the Euro, Dollar

"anti-US$ sentiment running at extreme levels, a dollar bounce can go a lot further than anyone expects"

Dollar; euro; Mish's Global Economic Trend Analysis; Trichet Puts Spotlight.

Thu 2008-06-19 00:00 EDT

Angry Bear: The Shrinking of Treehorn

packaged goods makers must raise prices or put less stuff in the package

Angry Bear; shrink; Treehorn.

Thu 2008-06-12 00:00 EDT

naked capitalism: Monoline Death Watch: MBIA Continues to Put Executives First, Refuses to Downstream Cash to Insurance Sub

Downstreams Cash; insurance subs; MBIA Continues; Monoline Death Watch; naked capitalism; Put Executives; refusing.

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"

bank; economy; Jesse's Café Américain; restore; Restrain.

Thu 2008-06-05 00:00 EDT

naked capitalism: Monoline Death Watch: Moody's Puts MBIA, Ambac on Review for Downgrade

AMBAC; Downgrades; Monoline Death Watch; Moody's Puts MBIA; naked capitalism; Review.

Tue 2008-06-03 00:00 EDT

[ The Financial Ninja ]: Lehman Put Open Interest: Just Like Bear Stearns

Bear Stearns; Financial Ninja; just; Lehman Put Open Interest.

Fri 2008-05-30 00:00 EDT

Sudden Debt: The Bernanke Put: What Next?

Fed balance sheet quality deterioration

Bernanke Put; Sudden Debt.

Thu 2008-05-08 00:00 EDT

Mish's Global Economic Trend Analysis: Buffett Loses $1.2 Billion Shorting PUT Options

1; 2; Buffett Loses; Mish's Global Economic Trend Analysis; Shorting PUT Options.

Sun 2008-05-04 00:00 EDT

A Special Report: The Right's America-Hating Preacher

by Robert Parry | The Smirking Chimp; Reverend Sun Myung Moon "has invested billions of dollars in financing the U.S. conservative movement and put fat wads of cash into the pockets of many prominent Republicans, including members of President George W. Bush's own family." Rev. Moon's lurid sex scandals, espionage, media empire, drug trafficking, gun-running

Right's America-Hating Preacher; special report.