Credit Writedowns Tue 2009-09-08 15:10 EDT
According to an account published in the Daily Telegraph by Ambrose Evans-Pritchard, the Chinese government is quite anxious about money printing in the United States and the effect this printing could have on China's dollar denominated reserve assets. Dollar losing reserve status; Chinese buying gold.
Credit Writedowns Thu 2009-09-03 11:38 EDT
There is an effort underway to install the Federal Reserve as super-regulator for all banks and financial institutions, concentrating power in one institution. I find these efforts one of the most disturbing outgrowths of the financial crisis we have been witnessing...better to enforce the rules and regulations that are currently on the books than to build in a whole new super-structure.
Credit Writedowns Tue 2009-09-01 19:11 EDT
Chinese vice-premier Wang Qishan has been appointed to lead a taskforce to make the renminbi the currency of choice for trade settlements, especially with regional trading partners. Dollar losing reserve status.
China; credit writedowns; Internationalising; plans; serious; Yuan.
Credit Writedowns Wed 2009-08-26 16:38 EDT
With the Federal Deposit Insurance Corporation (FDIC) about to release its latest figures for banks it regulates and its own financial condition, now is a good time to review its role in this crisis. This post is about the FDIC's role in the credit crisis, how it seizes banks and why I believe this matters. [...] ``the way assets are seized and sold represents a redistribution of income from taxpayers to the acquiring entities''
Thu 2009-07-23 00:00 EDT
Asian Development Bank excludes International Monetary Fund (IMF)
Tue 2009-04-21 00:00 EDT
``the downturn will only end when the massive writedowns end, not before''
Tue 2009-04-21 00:00 EDT
by Edward Harrison; ``any solution for recapitalization must address future writedowns and loan losses of assets already on the books if it is to be successful''
Banking crisis response; Guest Post; naked capitalism; thought; United States.
Wed 2009-04-01 00:00 EDT
Fri 2008-06-27 00:00 EDT
"Destruction of credit via massive writedowns..., accompanied by sharply rising unemployment rates, falling wages, and curtailment in credit lines everywhere is simply not an inflationary environment"; "ery likely new all time lows in the 10-year treasury yield and 30-year long bond are coming up"
Tue 2008-01-15 00:00 EST
The Kitchen Sink Does Not Include $37.3 Billion In Subprime Exposure, by John Carney; Citigroup writedowns leave lots of CDO exposure
