Tue 2009-04-21 00:00 EDT
Jesse's Café Américain: GE Loses Its 'AAA' Credit Rating as S&P Downgrades
Jesse's Café Américain: GE Loses Its 'AAA' Credit Rating as S&P Downgrades
AAA; credit ratings; GE Losing; Jesse's Café Américain; P downgraded; s.
s Topic in The Credit Debacle Catalog
Tue 2009-04-21 00:00 EDT
Interfluidity :: When did the crisis begin?
``the crisis that we're in now is precisely the same crisis we've been in since at least the S&L crisis. We've had a cancer, with some superficial remissions, but fundamentally, for the entire period from the 1980s to 2008, our financial system in general and our banks in particular have been broken.''
Tue 2009-04-21 00:00 EDT
naked capitalism: China's Wen Worries About Safety of Treasuries, Asks for Reassurance
asks; China's Wen Worries; naked capitalism; reassure; Safety; Treasury.
Tue 2009-04-21 00:00 EDT
Jesse's Café Américain: AIG: A Scandal of Epic Proportion
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 2009-04-21 00:00 EDT
naked capitalism: Guest Post: Bailoutspotting (or The Search For The Great Financial Methadone Clinic)
``Using pretexts, subterfuge and lies, the administration's charade triage will only end once there are no more gullible taxpayers to provide their cash, no more demagogue senators and congressmen who will bend reality to make it seem that their actions benefiting a select few are for the benefit of all, and no more naive investors who buy into the promises that U.S. debt is the "safest investment."''
Bailoutspotting; Great Financial Methadone Clinic; Guest Post; naked capitalism; search.
Fri 2009-04-10 00:00 EDT
article
Keynes' savings paradox, Fisher's debt deflation and the banking crisis, by Paul de Grauwe
Mon 2009-04-06 00:00 EDT
Bill Moyers Journal . Transcripts | PBS
ex-banking regulator William K. Black calls fraud: ``make really bad loans, because they pay better. Then you grow extremely rapidly, in other words, you're a Ponzi-like scheme. And the third thing you do is we call it leverage. That just means borrowing a lot of money, and the combination creates a situation where you have guaranteed record profits in the early years. That makes you rich, through the bonuses that modern executive compensation has produced. It also makes it inevitable that there's going to be a disaster down the road.''
Wed 2009-04-01 00:00 EDT
Jesse's Café Américain: Major Banks Will Be Nationalized Eventually: Wall Street's Dirty Little Secret
Jesse's Café Américain: Major Banks Will Be Nationalized Eventually: Wall Street's Dirty Little Secret
Jesse's Café Américain; major banks; Nationalized Eventually; secret; Wall Street's dirty.
Wed 2009-04-01 00:00 EDT
Jesse's Café Américain: Most Chinese Economists Favor Gold Over US Treasuries for Their National Reserves
Jesse's Café Américain: Most Chinese Economists Favor Gold Over US Treasuries for Their National Reserves
Chinese Economists Favor Gold; Jesse's Café Américain; national reserve; Treasury.
Wed 2009-04-01 00:00 EDT
Jesse's Café Américain: The Next Bailout: Pension Funds Imploding
Jesse's Café Américain: The Next Bailout: Pension Funds Imploding
Wed 2009-04-01 00:00 EDT
Michael Hudson: The Language of Looting
Michael Hudson: The Language of Looting. What "Nationalize the Banks" and the "Free Market" Really Mean in Today's Looking-Glass World