dimelab dimelab: shrinking the gap between talk and action.

Think Topic in The Credit Debacle Catalog

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naked capitalism Tue 2009-09-01 19:06 EDT

More Bogus Bailout Reporting: ``As Big Banks Repay Bailout Money, U.S. Sees a Profit''

Clearly, the spin is in...The fact that we have such patent garbage running as a front page New York Times story says either the reporter and his editors lack the ability to think critically (or find sources who could do that for them) or that we have a controlled press. Bogus NYT reporting.

Big Banks Repay Bailout Money; Bogus Bailout Reporting; naked capitalism; profits; U.S. Sees.

Rick Bookstaber Sun 2009-08-30 12:07 EDT

Not with a Bang but a Whimper -- The Risk from High Frequency and Algorithmic Trading

``There is a general view that one way or another the end result of all the high frequency and algorithmic trading will be a blowup. But I don't think the risk is as big as many are making it out to be...the risk of a cataclysm is constrained by the lack of feedback and lack of tight coupling...As the field gets increasingly crowded, market impact will rise and opportunities will diminish'' First, let me point out the difference between high frequency trading and algorithmic trading. Both execute using computers, and since computers work really fast, both can be accused of whatever sins are embodied in millisecond trading. High frequency trading is a type of proprietary trading. The trader (or his computer) sees a profit opportunity and trades accordingly. This profit opportunity...

algorithmic trading; bang; High Frequency; Rick Bookstaber; Risk; Whimper.

naked capitalism Thu 2009-08-27 10:50 EDT

Quelle Surprise! Fed Uses Scare Tactics to Try to Forestall Loan Disclosures

In a show of how much our government thinks that serving the financial oligarchy, rather than the citizenry, is its prime duty, the Fed is fighting to stop the court-ordered disclosure of who borrowed money under the Fed's various lending facilities. The reason I lump the Fed in with "the government" is that the central bank has been serving as an off-balance sheet entity of the Treasury for quite some time. And not only are the Fed and Treasury acting in near lockstep, but there has been no meaningful change in the government stance towards the banksters. Yes, Team Obama makes more of a show of trying to rein them in, but push comes to shove, it's merely Paulson version 2.0: same content, better packaging. Paulson's success in muscling...

Fed Uses Scare Tactics; Forestall Loan Disclosures; naked capitalism; Quelle Surprise; trying.

The Big Picture Wed 2009-08-26 16:02 EDT

Hoenig: Let Big U.S. Banks Fail

Kansas City Fed President Thomas Hoenig, the host for the annual Jackson Hole Fed confab, is utterly against bailouts, and thinks ``Too Big To Fail'' is a losing strategy. As I noted previously, ``Real capitalists nationalize; faux capitalists look for the free lunch.'' Bernanke has urged Congress to back part of Hoenig's proposal for dealing with faltering [...]

Big Picture; Hoenig; Let Big U.S. Banks Fail.

ClubOrlov Wed 2009-08-26 14:22 EDT

That Bastion of American Socialism...the United States military

Over the past few months the American mainstream chatter has experienced a sudden spike in the gratuitous use of the term "Socialist." It was prompted by the attempts of the federal government to resuscitate insolvent financial institutions. These attempts included offers of guarantees to their clients, injections of large sums of borrowed public money, and granting them access to almost-free credit that was magically summoned ex nihilo by the Federal Reserve. To some observers, these attempts looked like an emergency nationalization of the finance sector was underway, prompting them to cry "Socialism!" Their cries were not as strident as one would expect, bereft of the usual disdain that normally accompanies the use of this term. Rather, it was proffered with a wan smile, because the commentators could find nothing... ``Since the end of the Civil War, Americans have become accustomed to thinking of war as something that happens elsewhere, to other people. Thus, the news that the US is bombing this or that land, for no adequate reason, killing and maiming numerous civilians, produces in us neither the normal human reaction of revulsion, nausea and disgust, nor the conviction that we must take the fight to our own monstrous leaders, lest we too become monsters. Life under domestic military occupation might bring home some welcome realizations, and start Americans down the long road of atoning for the sins of their forefathers, who have run roughshod over much of the rest of the planet for far too long.''

American social; bastion; ClubOrlov; United States military.

ClubOrlov Wed 2009-08-26 13:53 EDT

The Slope of Dysfunction

(Update: click here for a special version for the Nihonjin care of Masayuki.) Perhaps you have heard of the Peak Oil theory? Most people have by now, even the people whose job used to involve denying the possibility that global crude oil production would peak any time soon. Now that everybody seems a bit more comfortable with the idea, perhaps it is time to reexamine it. Is the scenario Peak Oil theoreticians paint indeed realistic, or is it firmly grounded in wishful thinking? Here is a typical, slightly outdated Peak Oil chart. I chose it because it looks pretty and conveys the typical Peak Oil message, which is that global crude oil (and natural gas condensate) production will rise to a lofty peak sometime soon, and then drift down...

ClubOrlov; dysfunctional; Slope.

Jesse's Café Américain Thu 2009-08-20 16:46 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:44 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:42 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:36 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:35 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:34 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:29 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:26 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:25 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:17 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

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