Wed 2009-06-10 00:00 EDT
Terms of Service
Russia, Brazil to Buy $20 Billion IMF Bonds, Diversify Reserves - Bloomberg.com; dollar losing reserve status
services Topic in The Credit Debacle Catalog
Fri 2009-05-08 00:00 EDT
Terms of Service
Summers, Geithner Are Silent as IMF Loses Grip: William Pesek - Bloomberg.com; decoupling; asian crisis aftermath; asian monetary fund
Fri 2009-05-08 00:00 EDT
Terms of Service
Global Crisis `Vastly Worse' Than 1930s, Taleb Says (Update1) - Bloomberg.com; ``Gold, copper and other assets that China will like are the best investment bets as currencies including the dollar and euro face pressures''
Mon 2009-05-04 00:00 EDT
Terms of Service
Flawed Credit Ratings Reap Profits as Regulators Fail, by David Evans and Caroline Salas, Bloomberg.com; ``As the U.S. has spent, lent or pledged about $12.8 trillion in efforts to revive the slumping economy...no one has taken steps that would substantially fix a broken ratings system.''
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''
Thu 2008-07-17 00:00 EDT
naked capitalism: An Illustration of Mortgage Servicing Run-Around
Mon 2008-07-07 00:00 EDT
Hussman Funds - Weekly Market Comment: The Outlook for Inflation and the Likelihood of $60 Oil - July 7, 2008
"government spending expansion, regardless of the form, will tend to raise the marginal utility of goods and services while lowering the marginal utility of government liabilities.", hence encouraging inflation
2008; 60 oil; Hussman Funds; Inflation; July 7; likelihood; outlook; weekly market comments.
Fri 2008-04-11 00:00 EDT
naked capitalism: China's Foreign Reserve Increases Accelerate Despite Yuan Appreciation
"Having become a service economy and sent so much manufacturing overseas, a cheap dollar may not produce the benefits the US hoped to achieve."
China's Foreign Reserve Increases Accelerate; naked capitalism; Yuan Appreciation.
Tue 2008-01-08 00:00 EST
Calculated Risk: Turns Out Judges Don't Like "Efficient" Servicers
CFC slapped by bankruptcy judge over recreating documents; tanta tirade on psychopathic internal processes
Sat 2007-12-29 00:00 EST
Calculated Risk: Tanta: Mortgage Servicing for UberNerds
Tue 2007-12-11 00:00 EST
MORTGAGE MELTDOWN / Interest rate 'freeze' - the real story is fraud / Bankers pay lip service to families while scurrying to avert suits, prison
by Sean Olender
avert suits; Bankers pay lip service; family; fraud; freeze; interest-rate; mortgage meltdown; prisoners; real story; scurrying.
Tue 2007-12-04 00:00 EST
Mish's Global Economic Trend Analysis: Paulson's Plan Is Nothing But Lip Service
anonymous industry insider: "how are rate cuts going to help anything when what the system needs is "more balance sheet," and there's none to be found, and in fact credit continues to contract?"; plan will because underwater buyers should and will walk away
lip services; Mish's Global Economic Trend Analysis; Paulson's Plan.