Category Archives: remainders

Rescuing our jobs and savings: What G7/8 leaders can do to solve the global credit crisis: An all-star cast of authors with very timely advice. Probably never before in a financial crisis has so much first-rate advice been available so … Continue reading →

Emerging Europe seen key crisis flashpoint: or is it Bank Crisis Is Bypassing Central and East Europe? They report, you decide. CME Group and Citadel to Launch the First Integrated Credit Default Swaps Trading Platform and Central Counterparty Facility, Linked … Continue reading →

How to handle the crisis in your 401K: Good advice from Megan. If you have long-term investments (and all stock-market investments should be long-term investments) then mark them to market no more than once a year. Never Enough Lessons on … Continue reading →

Carry Trade Bloodbath: AUD/JPY The European collective response: "Europe as a whole lacks a safe asset as focal, liquid, and available as T-Bills and now that is becoming a problem." Signs Of Panic: CNBC Talking Heads Multiplying Beyond Reason: The … Continue reading →

Dear Investor: Dreadful returns from hedge funds. Agency’s ’04 Rule Let Banks Pile Up New Debt: Good narrative reporting from Stephen Labaton. The Economist’s poll of economists: They’re overwhelmingly pro-Obama. A Proposal for Money Market Funds, and More: I like … Continue reading →

Schwarzenegger to U.S.: State may need $7-billion loan Things that make you go "eww": Trichet’s unfortunate choice of words. Manhattan real estate prices headed downward

Fed Watch: Rate Cuts Increasingly Likely Bailout narratives: "The real financial rescue still lies in the future, probably under the Obama administration." Can we wait that long? Introduction to SwapRent: If debt-to-equity swaps work for banks, why not for houses … Continue reading →

Making Sense of Manhattan Real Estate: Can’t be done. House Price Calculator: From OFHEO. Seems a bit optimistic. WaMu Changes Stance On Grey: It’s the new blue! Global Derivatives Market now valued at $1.14 Quadrillion: Yet another entry in the … Continue reading →

Why Main Street should support this rescue: A good, clear explanation. Where Will the Money Come From? DeLong Krugman explains why a bailout won’t need outside funds. Congresswomen Explain "Nay" Vote: This is how the sausage fails to get made. … Continue reading →

Burn, baby, burn! Dow down 748: "The question we are facing right now is whether it is better to let an unstable edifice implode, and then attempt to build a new and better structure out of the rubble, or whether … Continue reading →

A BILL: "To provide authority for the Federal Government to purchase certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, and for other purposes. " … Continue reading →

Why the GOP Plan Won’t Work: A very lucid explanation. JP Morgan Chase raises $10bn after Washington Mutual buyout: With an oversubscribed plain-vanilla equity offering. Simple, quiet, fast, effective. Fallen Tycoon to Auction Prized Works: Dick Fuld and his wife … Continue reading →

J.P. Morgan to Buy Bulk Of WaMu Operations: "The deal isn’t expected to result in any hit to the bank-insurance fund, which would be a huge relief given that some analysts worried that a failure of the thrift could cost … Continue reading →

The oil price spike: John Hempton thinks it’s a short squeeze, and that the US has a massive profit opportunity. Dr. Strangelove, Paulson, and the Face-Slap Theory: Paulson has a secret plan which will only work if it’s unexpected! Or … Continue reading →

A nation of morons, led by idiots Nomura buys Lehman’s Euro assets: "Nomura expects to retain a ‘significant proportion’ of Lehman’s roughly 2,500 employees at the businesses, of which about 1,500 are employed in London." WaMu’s fate could be sealed … Continue reading →

Dodd Proposes Giving U.S. Equity Stake for Bad Debt: Dodd’s alternative to the Paulson plan. A matched preferred stock plan for government assistance: Calomiris’s alternative to the Paulson plan. Emerging market divergence: The long-debt short-equity trade unwinds. That Costs What?!? … Continue reading →

Senator Obama’s Statement of Principles for the Treasury Proposal: "Thus far, the Administration has only offered a concept with a staggering price tag, not a plan. " ASIC in total ban on short selling: That’s the Australians, and with them … Continue reading →

Flight to Quality: Worries over ABCP — again — only this time it’s all asset-backed commercial paper, not just subprime. McCain on banking and health: Another jaw-on-the-floor moment from John McCain. It’s The "Absurd Financial Product Some Rich Person Actually … Continue reading →

To whom and for what? "The cancer is on Main Street, and the tumor has been growing there for years. Wall Street provided drugs to hide the pain and keep us going, palliative but not curative. What is happening now … Continue reading →

How Wall Street Lied to Its Computers: "The people who ran the financial firms chose to program their risk-management systems with overly optimistic assumptions and to feed them oversimplified data." Running Down Wall Street: Carney on why the share price … Continue reading →

U.S. one month T-bill yield falls to 0.17 pct The cost of protection on the Street Moral Hazard for Corporations The Economy in Two Minutes or Less: Obama trounces McCain in the battle of the TV ads. Spot prices: Smart … Continue reading →

The K-T Boundary: The best thing yet written on the future of investment banking. Read it. Lehman v Argentina: It looks like Argentina has finally been overtaken as the Biggest Bond Default Ever. Who Replaces AIG in the Dow? How … Continue reading →

AIG’s Long-Term Debt Ratings Cut by S&P, Moody’s: This is how the world ends: not with a bang but with a downgrade. Hirst’s Art Auction Attracts Plenty of Bidders, Despite Financial Turmoil Totally Unfounded Rumors: Midday Ratings Summary Pandit Memo … Continue reading →

Where Was Lehman’s Board? "About half of Lehman’s 11 directors are over the age of 70." Buffett Prediction: Will Warren help rescue AIG? Nice Work If You Can Get It: Could WaMu’s Alan Fishman end up earning $7.5 million for … Continue reading →

Should BofA Wait for a Bigger Prize? Merrill could be a better fit with BofA than Lehman. Did I say "in"? I meant "de": "The core inflation guys (that includes me) were right: now that commodity prices are receding, it … Continue reading →