Tue 2008-06-17 00:00 EDT
Sudden Debt: No More Salami
global CDO issuance down 94% YOY; death of structured finance leaves Wall Street production lines idle
Tue 2008-06-17 00:00 EDT
global CDO issuance down 94% YOY; death of structured finance leaves Wall Street production lines idle
Thu 2008-06-12 00:00 EDT
"traditional macro-economic measurements like GDP, debt, etc., will soon have to be retooled or replaced entirely"
Tue 2008-06-03 00:00 EDT
Fri 2008-05-30 00:00 EDT
Wed 2008-04-09 00:00 EDT
"Free markets...without tight regulation...rapidly deteriorate towards crony capitalism"; "excellence in market regulation leads to better and freer markets"
Fri 2007-11-30 00:00 EST
CDS notional amounts increased from 26 to 46 trillion in last year; "far more CDSs are written relative to the amounts outstanding in individual bonds and thus credit events will infect and destroy much more speculative capital"; "generate highly volatile equity exposure with minimal or even zero margin requirements"