Monthly Archives: October 2009

October 31, 2009

• Guest Post: Chairman of the Department of Economics at George Mason University Says Politicians Are NOT Prostitutes … They Are Pimps
  by George Washington 4:54 pm

• Guest Post: The Empire Strikes Back
  by George Washington 4:36 pm

• Links Happy Halloween!
  by Yves Smith 3:03 am

October 30, 2009

• Guest Post: Breaking Up The Too Big to Fails Will NOT Harm America’s Ability to Compete with Foreign Banks
  by George Washington 2:55 pm

• Mini Links 10/30/09
  by Yves Smith 6:29 am

October 29, 2009

• Bank-Favoring Censorship by Congress
  by Yves Smith 6:46 pm

• Guest Post: Conservatives and Liberals Agree: Proposed Bank Oversight Bill Will Make Things Worse
  by George Washington 3:08 pm

• Links 10/29/09
  by Edward Harrison 2:44 pm

• Saudis drop WTI oil contract
  by Edward Harrison 11:27 am

• GMAC has been nationalized
  by Edward Harrison 9:36 am

• Antidote du Jour
  by Yves Smith 3:46 am

October 28, 2009

• Guest Post: Government Is Trying to Make Bailouts for the Giant Banks PERMANENT
  by George Washington 5:41 pm

• The choice is between increasing or decreasing aggregate demand
  by Edward Harrison 3:09 pm

• Links 10/28/09
  by Yves Smith 4:00 am

• All Debt is Not Created Equal: Government Debt is NOT the Same as Private Debt
  by Yves Smith 3:36 am

October 27, 2009

• Pitchfork Watch: Couple Charged With Torturing Suspected Mortgage Fraudsters
  by Yves Smith 9:49 pm

• GMAC Joins the Black Hole Club
  by Yves Smith 8:42 pm

• Guest Post: Big Banks Are NOT More Efficient
  by George Washington 3:07 pm

• Fed Authorized 100% Payout by AIG on CDS
  by Yves Smith 2:02 pm

• Links 10/27/09
  by Yves Smith 5:00 am

• “Happy Halloween: Pay Curbs are a Trick on the Taxpayer, Not a Treat”
  by Yves Smith 3:00 am

• “Fed Self-Evaluation: Marking Monetary Policy to Model”
  by Yves Smith 2:55 am

• Debate on Deficits: A Reply from Rob Parenteau
  by Yves Smith 2:00 am

October 26, 2009

• Inflation in China at 15%?
  by Yves Smith 7:23 pm

• Links 10/26/09
  by Yves Smith 5:37 am

• Why is Zero Hedge claiming the Fed is intervening in equities markets?
  by Edward Harrison 4:14 am

• Guest Post: Debate on Deficits
  by Yves Smith 3:30 am

• Guest Post: Global Rebalancing: The G20 and Bernanke Versions
  by Yves Smith 3:23 am

October 25, 2009

• Guest Post: Capitalism, Socialism or Fascism?
  by George Washington 4:32 pm

• More on Banks Engaging in Mortgage Fraud
  by Yves Smith 4:24 pm

• Wow, judges now nixing lenders’ foreclosure claims entirely in court
  by Edward Harrison 10:12 am

• Links 10/25/09
  by Yves Smith 5:02 am

• More Judges Taking on Foreclosures Without Document Trails
  by Yves Smith 3:34 am

• “Bohemian Bankruptcy”
  by Yves Smith 3:00 am

October 24, 2009

• Links 10/24/09
  by Yves Smith 6:28 pm

• Gillian Tett: “Was October 2008 just a dress rehearsal?”
  by Yves Smith 3:25 am

• Debt Stress in Middle Class America
  by Yves Smith 1:59 am

October 23, 2009

• Antidote du Jour
  by Yves Smith 6:23 am

October 22, 2009

• Guest Post: Herding the Sheep
  by George Washington 9:14 pm

• John Meriwether is back, risk must be too
  by Edward Harrison 5:51 pm

• Links 10/22/09
  by Yves Smith 6:26 am

• The Problem is Not TBTF, but TDTR
  by Yves Smith 6:14 am

• Guest Post: Banks Must Protect Consumers to Protect Themselves
  by Yves Smith 4:20 am

October 21, 2009

• Pay Czar Decides to Collect a Few Scalps, a Sign of Weakness
  by Yves Smith 5:33 pm

• Guest Post: How Did America Fall So Fast?
  by George Washington 3:09 pm

• Guest Post: Congressmen Grayson, Clay and Miller Introduce CFPA Amendment to Help Reduce Looting
  by George Washington 2:46 pm

• Ms. Watkins, why does Charlie have lit dynamite?
  by Edward Harrison 10:12 am

• Frontline – The Warning
  by Edward Harrison 7:36 am

• Paul Volcker, Mervyn King, Glass Steagall, and the Real TBTF Problem
  by Yves Smith 4:26 am

• Guest Post: A New Civil Rights Movement is Afoot for the Middle Class
  by Yves Smith 3:22 am

• Guest Post: Biden Says “It’s a Depression For Millions of Americans”
  by George Washington 12:46 am

October 20, 2009

• Links 10/20/09
  by Yves Smith 6:38 am

• So Now We Know Why Lehman Went Under
  by Yves Smith 5:20 am

• Wall Street Drops Dem Donations
  by Yves Smith 3:06 am

• So Who Sold Jefferson County This Bill of Goods?
  by Yves Smith 12:36 am

October 19, 2009

• Links 10/19/09
  by Yves Smith 4:33 am

• Krugman on Sick Banks, Bad Policy Choices, and Team Obama’s (Misplaced) Anger
  by Yves Smith 2:17 am

• Munchau: Next Crisis Coming Sooner Than You Think
  by Yves Smith 12:02 am

October 18, 2009

• Links 10/18/09
  by Yves Smith 5:26 am

• On the Power of Peaceful Protests (Please Join One Against Banks in Chicago Oct. 25-27)
  by Yves Smith 4:23 am

• On Wall Street Pay, “Talent”, and the Curious Case of Andrew Hall
  by Yves Smith 4:00 am

• Imports Fall Sharply at LA and Long Beach Ports
  by Yves Smith 3:52 am

October 17, 2009

• Links 10/17/09
  by Yves Smith 4:40 am

• Quelle Suprise! Banking Profits Might Be Due to Big Government Subisdies!
  by Yves Smith 4:33 am

October 16, 2009

• Elizabeth Warren on Bank Bonuses, Power of Bank Lobbies
  by Yves Smith 9:30 pm

• Wealthy Ramp Up Their Spending, So All Must Be Well
  by Yves Smith 6:28 pm

• MSM Reporting as Propaganda (No One Minds Our New Financial Masters Edition)
  by Yves Smith 2:14 am

• Links 10/16/09
  by Yves Smith 2:02 am

• “Diagnosis: What Doctors Are Missing”
  by Yves Smith 1:52 am

• More on “Greed is Not Good”
  by Yves Smith 12:01 am

October 15, 2009

• Guest Post: The Ongoing Cover Up of the Truth Behind the Financial Crisis May Lead to Another Crash
  by George Washington 11:48 pm

• Guest Post: More Goldman Lies
  by Yves Smith 4:50 pm

• Greed is not good
  by Edward Harrison 1:31 pm

• Links 10/15/09
  by Yves Smith 4:27 am

• Mirable Dictu! The Republicans Are Now Scheming to Tank the Market!
  by Yves Smith 2:13 am

• Guest Post: Bank Lobbyists Are Not Only Trying to Kill NEW Legislation, They Are Trying to Weaken EXISTING Regulations
  by George Washington 1:01 am

• When a Politician Praises “Efficiency,” Hang on to Your Wallet (Financial Reform Headfake Edition)
  by Yves Smith 12:26 am

• Mad at Banksters? In or Near Chicago Oct. 25-27? You Can Do Something About It!
  by Yves Smith 12:18 am

October 14, 2009

• Massachusetts Land Court Upholds Ruling Reversing Thousands of Foreclosures
  by Yves Smith 8:26 pm

• Hyperinflation, national bankruptcy, dollar crash and other exaggerations
  by Edward Harrison 4:31 pm

• Guest Post: Congress Removes Authority to Ban Riskiest Derivatives Trades Because “There Was Concern That A Broad Grant To Ban Abusive Swaps Would Be UNSETTLING”
  by George Washington 3:12 pm

• Links 10/14/09
  by Yves Smith 4:40 am

• “Does Banking Contribute to the Good of Society?”
  by Yves Smith 3:43 am

• Employed Taking Deeper Pay Cuts (Except on Wall Street, of Course)
  by Yves Smith 12:46 am

October 13, 2009

• AIG Pays “Retention” Bonuses to Secretaries and Kitchen Staff; Execs Renege on Promised Repayments
  by Yves Smith 6:26 pm

• Links 10/13/09
  by Yves Smith 4:44 am

• New York Times: Missing in Action on Health Insurance Lobby Duplicity
  by Yves Smith 2:26 am

• Quelle Surprise! Larry Summers Gives His Economic Policies an “A”!
  by Yves Smith 1:42 am

• Banks Clamp Down on Small Business Loans, Jeopardizing Jobs
  by Yves Smith 12:26 am

October 12, 2009

• Guest Post: The REAL Battle Over America’s Banking System
  by George Washington 2:37 pm

• Links 10/12/09
  by Yves Smith 4:00 am

• The Problem With Financial Services Compensation (AIG/Pay Czar Edition)
  by Yves Smith 1:51 am

• Is a Weaker Dollar What the Doctor Ordered?
  by Yves Smith 1:28 am

• Central Banks Diversifying Away from Greenback
  by Yves Smith 1:20 am

October 11, 2009

• Guest Post: The OTHER Economic Crisis?
  by George Washington 1:52 pm

• “Capitalism: A Love Story”
  by Yves Smith 4:00 am

• Links 10/11/09
  by Yves Smith 1:55 am

October 10, 2009

• Greater East Asia Co-Prosperity Sphere Coming?
  by Yves Smith 10:33 pm

• Soros to Put $1 Billion in Clean Energy
  by Yves Smith 9:35 pm

• Links 10/10/09
  by Yves Smith 3:33 am

• “The ‘Democratization of Credit’ Is Over”
  by Yves Smith 2:22 am

• El-Erian Reiterates Skeptical Views As Stocks Grind Higher (And More Bulls v. Bears)
  by Yves Smith 1:30 am

• Obama Nobel Peace Prize Smackdown Wrap
  by Yves Smith 12:24 am

• New Accounting Rules May Undermine Consumer Lending
  by Yves Smith 12:03 am

October 9, 2009

• Links 10/09/09
  by Yves Smith 3:52 am

• FHA: Next Bailout?
  by Yves Smith 1:02 am

• The FDIC is Not Buying What Citi is Selling
  by Yves Smith 12:52 am

• Asian Countries Intervene to Prop Up Greenback (Dollar Bind Edition)
  by Yves Smith 12:28 am

• 34 Banks Miss TARP Dividends and Almost No One Notices
  by Yves Smith 12:15 am

October 8, 2009

• Saudis Want Aid if World Kicks the Oil Habit
  by Yves Smith 5:14 pm

• Is the consumer really deleveraging?
  by Edward Harrison 4:17 pm

• Links 10/8/09
  by Yves Smith 2:15 am

• Warning: Capital Controls Are in Your Future
  by Yves Smith 1:36 am

• Latvia in Crisis; Threatens to Stiff Swedish Banks With Mini-Jubilee
  by Yves Smith 12:56 am

• Wells To Increase Credit Card Interest Rates To Beat Change in Law
  by Yves Smith 12:01 am

October 7, 2009

• Household debt as an indicator of secular bull and bear markets
  by Edward Harrison 1:10 pm

• Links 10/07/09
  by Yves Smith 4:57 am

• Securitization Drought Exposes Policy Bind, Threatens Recovery
  by Yves Smith 4:43 am

• Banks Under-reserving for Commercial Real Estate Losses
  by Yves Smith 2:48 am

October 6, 2009

• Guest Post: Questions for Gary Gensler and Henry Hu
  by George Washington 8:48 pm

• Sorkin v. Stumpf on Wachovia Loan Losses
  by Yves Smith 6:19 pm

• Sweden prepares for financial collapse in Latvia and major bank losses at home
  by Edward Harrison 4:17 pm

• Guest Post: Bloodbath Coming in the US Banking Sector
  by Jesse 3:39 am

• Links 10/6/09
  by Yves Smith 3:00 am

• Apartment Vacancies Reach 7.8%, Expected to Rise Further
  by Yves Smith 12:51 am

October 5, 2009

• Plans to Move Away From Dollar Pricing of Oil
  by Yves Smith 10:32 pm

• Why is Goldman allowed to game the system?
  by Edward Harrison 11:26 am

• Marc Faber: Taking the inflationista view of macro events
  by Edward Harrison 8:15 am

• Links 10/5/09
  by Yves Smith 3:17 am

• Quelle Surprise! New York Times Fails to Call Private Equity Looting by Its Proper Name
  by Yves Smith 2:00 am

• On the Inequity of Handing Mortgage Servicers $27,065,760,000
  by Yves Smith 1:00 am

• Roubini Throws Cold Water on Equity and Commodities Rallies
  by Yves Smith 12:58 am

• Chris Whalen: Bank Losses To Continue At High Levels Well Into 2010
  by Yves Smith 12:07 am

October 4, 2009

• Guest Post: Still The Masters of the Universe
  by Yves Smith 4:07 am

• Links 10/4/09
  by Yves Smith 4:06 am

October 3, 2009

• Janet Tavakoli: On the Edge with Max Keiser
  by Edward Harrison 11:21 pm

• Guest Post: The Real Reason the Giant, Insolvent Banks Aren’t Being Broken Up
  by George Washington 12:56 pm

• Links 10/3/09
  by Yves Smith 4:18 am

• Quelle Surprise! Bankers Claim Regulating Them Will Be Bad for Us
  by Yves Smith 1:14 am

• “Searching for international contagion in the 2008 financial crisis”
  by Yves Smith 1:00 am

October 2, 2009

• Unemployment numbers still point to partial recovery
  by Edward Harrison 1:30 pm

• Links 10/2/09
  by Yves Smith 4:56 am

• Gas Mask Bra Among Ig Nobel Winners
  by Yves Smith 4:17 am

• Fed’s Preferential Treatment in Lehman BK Highlights Ambiguity of its Status
  by Yves Smith 1:22 am

October 1, 2009

• The recession is over but the depression has just begun
  by Edward Harrison 10:17 pm

• Guest Post: Simon Johnson – “If Everyone Involved Is Using the Same Roadmap of Risks, We Will All Drive off the Cliff Again Together”
  by George Washington 8:29 pm

• Links 10/1/09
  by Yves Smith 2:24 am

• Greenspan Calls Market Top
  by Yves Smith 12:30 am

• MBIA’s CDO Misadventures Continue (Commercial Real Estate Edition)
  by Yves Smith 12:03 am