Archive for the ‘solvency crisis’ Category:

A Brain-Dead "Financial Reporter" at NPR Defines the Problem

{ Posted on Oct 12 2011 by Ken Houghton }
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Categories : All, Angry Bear, financial institutions, recovery, risk management, solvency crisis, Uncategorized
Via Doctor Black, who printed the answer but not the question:PIGNAL: This is actually the second bailout for Dexia. In 2008, it had to be bailed out after exceptionally imprudent investing, including in U.S. subprime mortgages. This time around, it ...Read More »

Patrick on OWS and Steve Jobs

{ Posted on Oct 05 2011 by Ken Houghton }
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Categories : All, Angry Bear, fraud, Making Light, OWS, risk management, solvency crisis, Uncategorized, Wall Street
You can go read the OWS stuff yourself; I want to highlight this:Escaping on the R train from Rector Street, we got home to discover that Steve Jobs died. And that my Twitter feed is full of people wanting to ...Read More »

Why Are You Out There?

{ Posted on Oct 05 2011 by Ken Houghton }
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Categories : All, Angry Bear, fraud, jobless recovery, politics, populism, risk management, solvency crisis, Uncategorized
When someone attempts to impede democracy actions are good things:Writer and naturalist Henry David Thoreau was once locked up for refusing to pay a poll tax. He opposed the tax on moral grounds – in a democracy, he argued, ...Read More »

One of These Firms Is Not Like the Others?

{ Posted on Sep 22 2011 by Ken Houghton }
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Categories : All, Angry Bear, financial institutions, risk management, solvency crisis, Uncategorized
Of the three Financial Services firms that were downgraded yesterday, the market appears to be sending a positive, er, Wells notice. Google Finance provides the details: Read More »

Sheer Idiocy, European (and American) Style

{ Posted on Aug 31 2011 by Ken Houghton }
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Categories : 1873-1895, All, Angry Bear, Cursive-Z recession, Great Recession, recovery, solvency crisis, Uncategorized
It's rare to see theft described so directly: Proposals made in July by the Basel Committee on Banking Supervision should be redrafted to allow banks to use so-called contingent capital to meet the obligations, the European Banking Federation said in a ...Read More »

NIKKEI vs S&P 500

{ Posted on Aug 10 2011 by spencer }
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Categories : All, Angry Bear, Japan, lost decade, solvency crisis, Stock Market, Uncategorized
For years I've made it no secret that I thought the US was going to follow Japan into a so called lost decade -- of course it's now more than a decade. With the US stock market now apparently in a ...Read More »

THE Reason for the Downgrade

{ Posted on Aug 09 2011 by Ken Houghton }
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Categories : All, Angry Bear, liquidity, solvency crisis, Uncategorized, US Rating
Or, Barack Obama sucks at 11-dimensional chess. On July 14, 2011, S&P was assuming that 2001 and 2003 tax fraud deferrals would expire at the end of 2012. It is no longer making that assumption, which is worth another $4T. Brad DeLong ...Read More »

Ratings QOTD

{ Posted on Aug 08 2011 by Ken Houghton }
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Categories : All, Angry Bear, markets, solvency crisis, Uncategorized, US Rating
From Crash of the Titans, pp. 33-34: The largest chunks of these [created by Merrill in the winter of 2006-2007] CDOs still carried triple-A ratings, at least in name, because the credit rating agencies hadn't bothered to recalibrate their antiquated ratings ...Read More »

The 30-Year Amortizing Mortgage is a Win-Win (Part 1 of a Series)

{ Posted on Jul 21 2011 by Ken Houghton }
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Categories : All, Angry Bear, GSEs, MBS, risk management, solvency crisis, The Old Firm, Uncategorized
Even the normally level-headed Buce—who knows better and lets us know he knows better—tries to give Tyler Cowen’s broadside at Fannie and Freddie the benefit of some (contrived) doubt.  I’ve already screamed about the legerdemain of Cowen’s post elsewhere, so ...Read More »

Martin Wolf Buries the Lede

{ Posted on May 04 2011 by Ken Houghton }
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Categories : All, Angry Bear, bailout, European Union, Eurozone, solvency crisis, Uncategorized
From his column in today's FT:Even this is too simple, once one allows for banking: Ireland's net debt was a mere 12% of GDP in 2007In other words, in FT World, privatizing the profit and socializing the risk is A ...Read More »
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