Monthly Archives: March 2009

March 31, 2009

• Obama Pushing "Quick, Surgical" Big Auto Bankruptcy Fantasy
  by Yves Smith 11:43 pm

• Guest Post: Exxon Pension Fund Sues Northern Trust Alleging "Reckless, Massive Losses"
  by Tyler Durden 8:11 pm

• Links 3/31/09
  by Yves Smith 8:05 pm

• Eric Dinallo: "We modernised ourselves into this ice age"
  by Yves Smith 1:35 am

March 30, 2009

• Guest Post: A Giant Experiment?
  by Leo Kolivakis 11:50 pm

• Black Hole Alert: The Last Sucker into the Stock Market Was the Pension Guaranty Corporation
  by Yves Smith 11:21 pm

• Guest post: Obama’s auto plan: good strategy, poor tactics
  by Edward Harrison 8:08 pm

• Guest Post: Barack Obama as Herbert Hoover
  by Edward Harrison 7:53 am

• Links 3/30/09
  by Yves Smith 1:47 am

• Munchau: Banks Sinking Faster Than Governments Are Bailing Them Out
  by Yves Smith 1:11 am

• Auto Company Plans Rejected by Task Force
  by Yves Smith 12:11 am

March 29, 2009

• Guest Post: The Banks Were Profitable In January And February Thanks To… AIG
  by Tyler Durden 5:46 pm

• New Group to Offer Cover for Lobbyists and White House
  by Yves Smith 2:04 pm

• Guest Post: Blame it on the Gipper?
  by Leo Kolivakis 12:58 pm

• Links 3/29/09
  by Yves Smith 2:23 am

• Your Humble Blogger Had a Naive Moment
  by Yves Smith 2:03 am

March 28, 2009

• Fewer Companies Likely to Emerge From Chapter 11
  by Yves Smith 11:30 pm

• Guest Post: And CEOs’ Pensions?
  by Leo Kolivakis 8:04 am

• Links 3/28/09
  by Yves Smith 1:11 am

March 27, 2009

• Guest Post: Big Banks Pull off the Ultimate Bait & Switch
  by Rolfe Winkler 3:45 pm

• Guest Post: The new bailouts are an end-run around Congress
  by Edward Harrison 8:11 am

• Links 3/27/09
  by Yves Smith 3:39 am

• Alan Greenspan’s Disingenuous Financial Times Comment
  by Yves Smith 3:01 am

• On Cuomo’s Forays Against Financial Chicanery at the Big End of Town
  by Yves Smith 1:11 am

March 26, 2009

• Guest Post: Pension Funding Gap Deteriorates in February
  by Leo Kolivakis 6:51 am

• Links 3/26/09
  by Yves Smith 2:36 am

• Willem Buiter Takes Fed and Treasury to Task
  by Yves Smith 1:35 am

March 25, 2009

• Has the Gaming of the Public-Private Partnership Begun?
  by Yves Smith 7:28 pm

• More Evidence of Volcker Being Marginalized
  by Yves Smith 1:18 pm

• AIG Aircraft Lease Unit Says Survival at Risk, May Need Government Funding
  by Yves Smith 9:12 am

• Guest Post: HOOPPLA! The Beauty of Bonds?
  by Leo Kolivakis 6:38 am

• Links 3/25/09
  by Yves Smith 1:23 am

March 24, 2009

• Japan Exports Fall by Nearly Half in February
  by Yves Smith 9:46 pm

• Guest Post: Turning Japanese and understanding the consequence of policy half-measures
  by Edward Harrison 12:24 pm

• Guest post: Can Geithner’s public-private partnership get it done?
  by Edward Harrison 8:00 am

• Links 3/24/09
  by Yves Smith 3:29 am

• More Musings on Geithner Plan
  by Yves Smith 3:05 am

• Treasury to Seek Power to Seize Non Banks (Trojan Horse Alert)
  by Yves Smith 2:01 am

• Guest Post: Hedge Fund Socialism?
  by Leo Kolivakis 12:23 am

March 23, 2009

• China Calls for New Reserve Currency
  by Yves Smith 8:34 pm

• Reader Notice + Bleg
  by Yves Smith 6:31 pm

• Links 3/23/09
  by Yves Smith 3:00 am

• Fed Rescue Programs: No Exit?
  by Yves Smith 2:11 am

• Guest Post: Why Does Failure Merit Reward?
  by Leo Kolivakis 12:00 am

March 22, 2009

• Guest Post: Geithner’s Faustian bargain, the general interest, Jean-Jacques Rousseau and Uncle Sam’s lost inner compass
  by Swedish Lex 6:47 pm

• Guest Post: Is Obama Running Interference to Protect Bankers’ Pay?
  by Rolfe Winkler 10:00 am

• Links 3/22/09
  by Yves Smith 3:09 am

March 21, 2009

• Guest Post: Some More Thoughts On FDIC And The "Systemic Risk Exception" Clause
  by Tyler Durden 10:50 pm

• Investor on Private Public Partnership: "One would have to be a criminal to participate in this"
  by Yves Smith 4:30 pm

• Guest Post: Mother of All Stealth Scams?
  by Leo Kolivakis 8:44 am

• Links and Quick Takes 3/21/09
  by Yves Smith 2:03 am

• Private Public Partnership Details Emerging
  by Yves Smith 1:25 am

• ‘Ponzimonium’ Coming?
  by Yves Smith 12:49 am

March 20, 2009

• Gillian Tett: "Where is Gordon Gekko when you really need him?"???
  by Yves Smith 10:36 pm

• Links 3/20/09
  by Yves Smith 2:13 am

• 2005 Bankruptcy Law Changes Have Worked to Detriment of Credit Card Companies
  by Yves Smith 2:02 am

March 19, 2009

• Guest Post: Road to Reflation?
  by Leo Kolivakis 11:45 pm

• Merrill Writedowns: The Plot Thickens
  by Yves Smith 11:31 pm

• Links 3/19/09
  by Yves Smith 3:00 am

• On the Fed’s "Shock and Awe"
  by Yves Smith 1:44 am

March 18, 2009

• Guest Post: The Taxman Cometh, and a Brewing Revolt by Congress?
  by Lune 10:37 pm

• Why We Need Criminal Investigations
  by Yves Smith 7:37 pm

• Guest Post: Charlotte Observer pitches softball, Ken Lewis hits homer
  by Rolfe Winkler 3:39 pm

• Links 3/18/09
  by Yves Smith 3:06 am

• Guest Post: It’s the writedowns, stupid
  by Edward Harrison 3:00 am

• US Deviating Considerably From Swedish Banking Crisis Best Practices
  by Yves Smith 1:04 am

March 17, 2009

• Duh, Hedge Funds Bought AIG Credit Default Swaps Too
  by Yves Smith 11:51 pm

• Links 3/17/09
  by Yves Smith 2:00 am

March 16, 2009

• Wall Street Firms Looking to Circumvent TARP Bonus Caps Via Salary Increases
  by Yves Smith 11:38 pm

• Guest Post: What Do Pensions Have in Common with AIG?
  by Leo Kolivakis 11:34 pm

• Now It’s Official: Public Private Partnership to Overpay for Toxic Bank Assets
  by Yves Smith 12:00 pm

• Wiliam Black Savages Treasury’s Conduct on AIG
  by Yves Smith 10:24 am

• Links 3/16/09
  by Yves Smith 2:47 am

• Bernanke on 60 Minutes
  by Yves Smith 2:19 am

March 15, 2009

• AIG Posts List of Beneficiaries of Government Largesse Counterparties
  by Yves Smith 8:12 pm

• Guest Post: Bailoutspotting (or The Search For The Great Financial Methadone Clinic)
  by Tyler Durden 7:12 pm

• Links 3/15/09
  by Yves Smith 2:51 am

• On Traders Behaving Badly and Cognitive Bias
  by Yves Smith 1:00 am

March 14, 2009

• A Token Reining in of AIG Bonuses (Banana Republic Watch)
  by Yves Smith 8:55 pm

• Links 3/14/09
  by Yves Smith 2:47 am

• Steve Waldman Believes Banking Industry Sick Since At Least the S&L Crisis
  by Yves Smith 2:35 am

• McKinsey Forecasts Banking Industry as Unprofitable in 2009
  by Yves Smith 12:00 am

March 13, 2009

• Daily Show and Jim Cramer
  by Yves Smith 9:52 am

• Links 3/13/09
  by Yves Smith 3:30 am

• China’s Wen Worries About Safety of Treasuries, Asks for Reassurance
  by Yves Smith 12:48 am

March 12, 2009

• Guest Post: Rosy Projections of Pensions’ Investment Earnings?
  by Leo Kolivakis 11:39 pm

• Fitch Ditches Berkshire Hathaway AAA
  by Yves Smith 11:22 pm

• Will Banks Start to Walk Their Talk? Don’t Hold Your Breath (Mark to Market Edition)
  by Yves Smith 11:14 pm

• Links 3/12/09
  by Yves Smith 3:12 am

March 11, 2009

• Guest Post: Quantitative Easing Bringing Pensions to the Brink?
  by Leo Kolivakis 11:55 pm

• Cuomo Asserts That Traders Looted Merrill
  by Yves Smith 11:44 pm

• A Belated Comment on Citi’s Lehman-esque Leak
  by Yves Smith 10:36 pm

• Guest post: A few thoughts about the banking crisis response in the United States
  by Edward Harrison 3:00 am

• Links 3/11/09
  by Yves Smith 2:00 am

March 10, 2009

• Guest Post: The Inner Circle of Systemic Risk?
  by Leo Kolivakis 11:20 pm

• China Trade Surplus Falls To 1/8 Prior Month Level
  by Yves Smith 11:14 pm

• Guest Post: UK Embarks on Quantitative Easing
  by Lune 10:51 pm

• Reader Reality Testing: A Citi Hiring Rumor
  by Yves Smith 9:40 pm

• Guest Post: Moral Hazard Now Biting GM
  by Lune 6:56 pm

• Hoisted From Comments: Is Europe Doing More to Combat Downturn Than Perceived?
  by Yves Smith 12:37 pm

• Links 3/10/09
  by Yves Smith 2:29 am

• Willem Buiter Strikes Again, Calls for Over-Regulation of Banks
  by Yves Smith 2:06 am

• Citi and Federal Government in New Non-Rescue Rescue Talks
  by Yves Smith 12:01 am

March 9, 2009

• Guest Post: Have Pensions Succumbed to Casino Capitalism?
  by Leo Kolivakis 11:11 pm

• Guest Post: In Search Of The Next Big (Widening) Thing
  by Tyler Durden 12:15 pm

• Links 3/9/09
  by Yves Smith 3:04 am

• Guest Post: More Debt Won’t Rescue the Great American Ponzi
  by Rolfe Winkler 2:08 am

• Traders Betting on Euro Plunge
  by Yves Smith 12:12 am

March 8, 2009

• Wolfgang Munchau: Abandon All Hope…..
  by Yves Smith 11:09 pm

• Links 3/8/09
  by Yves Smith 3:57 am

• An Amazingly Disingenuous Piece by Alan Blinder on Bank Nationalization
  by Yves Smith 3:21 am

March 7, 2009

• Some Musings on The Black Swan
  by Yves Smith 4:20 pm

• Links 3/7/09
  by Yves Smith 5:41 am

March 6, 2009

• Reader Notice: Thanks for Great Response and Follow Up
  by Yves Smith 10:00 pm

• Quelle Surprise! Who Gained From AIG Rescues? Goldman (and Deutsche) Tops the List (and Willer Buiter is REALLY Angry!)
  by Yves Smith 9:23 pm

• Former Australian Prime Minister Savages Geithner’s Performance in the Asian Crisis
  by Yves Smith 1:41 pm

• Reader Notice: Changes Coming to This Blog
  by Yves Smith 8:01 am

• Bank Rescue Programs: Setting the Stage for More Looting?
  by Yves Smith 1:59 am

• Banana Republic Watch: Rodgin Cohen a Candidate for Deputy Treasury Secratary
  by Yves Smith 12:49 am

• Martin Wolf is Angry About Bank Bailouts
  by Yves Smith 12:06 am

March 5, 2009

• Links 3/6/09
  by Yves Smith 10:06 pm

• Links 3/5/09
  by Yves Smith 3:05 am

• Is China’s Wen Whistling in the Dark?
  by Yves Smith 2:07 am

• The Treasury Mortgage Mod Program: Should We Hope It Doesn’t Work?
  by Yves Smith 1:33 am

March 4, 2009

• FDIC Insurance Fund May Run Dry This Year
  by Yves Smith 4:42 pm

• Links 3/4/09
  by Yves Smith 3:08 am

• Governments Step in to Provide Trade Finance
  by Yves Smith 2:38 am

• On the Need to Leash and Collar Effectively Nationalized Banks
  by Yves Smith 2:18 am

• Former Countrywide Officers Seek to Profit From Mortgage Mess They Helped Create
  by Yves Smith 12:18 am

March 3, 2009

• Ford Feb Sales Fall 48%, Toyota’s 40%; Poor Industry Sales Likely to Make Bailouts More Costly
  by Yves Smith 1:51 pm

• Links 3/3/09
  by Yves Smith 2:12 am

• Credit Default Swaps on GE Capital Trade at Distressed Levels
  by Yves Smith 1:46 am

• AIG Restructuring Leaving Best Bits to AIG, Not US Taxpayer
  by Yves Smith 12:36 am

• Does Creeping Nationalization Make Reprivatization Harder?
  by Yves Smith 12:01 am

March 2, 2009

• VIX Premium Forecasts Two More Years for Bear Market, Aligning With Financial Crisis Pattern
  by Yves Smith 2:09 pm

• Links 3/2/09
  by Yves Smith 3:16 am

• "In Praise of More Primitive Finance"
  by Yves Smith 3:06 am

• Jim Baker: First, Let’s Kill All the Zombies
  by Yves Smith 12:02 am

March 1, 2009

• Black Hole Alert: AIG to Get as Much as $30 Billion More
  by Yves Smith 8:21 pm

• Links 3/1/09
  by Yves Smith 2:26 am

• On Downward Mobility
  by Yves Smith 2:00 am

• Reader Sanity Check on What to Do Next With Banks
  by Yves Smith 12:06 am