Monthly Archives: April 2010

April 30, 2010

• Guest Post: 5 Reasons We Must Break Up the Giant Banks
  by George Washington 3:40 pm

• Links 4/30/10
  by Yves Smith 2:39 am

April 29, 2010

• Goldman (and DeutscheBank) as Predator
  by Yves Smith 5:51 pm

• Morgan Stanley: Strategic Defaults Reach 12%
  by Yves Smith 3:04 pm

• Goldman’s public purpose and problems with the Abacus deal
  by Edward Harrison 1:36 pm

• Links 4/29/10
  by Yves Smith 3:15 am

• Guest Post: No Wonder the Eurozone is Imploding
  by George Washington 1:04 am

• Is Geithner in SIGTARP’s Crosshairs?
  by Yves Smith 12:21 am

April 28, 2010

• Bank Runs in Greece – Harbinger of Another Axis of Euromarket Risk?
  by Yves Smith 11:01 pm

• Alford: Fed Talk As Policy
  by Yves Smith 4:24 pm

• S&P Downgrades Spain
  by Yves Smith 12:24 pm

• Guest Post: Greek 2 Year Yields 20 Percent, Italy Up 6 Basis Points, Portugal Up 7 Basis Points, Spain Up 27 Basis Points
  by George Washington 12:05 pm

• The inevitability of Greek default
  by Edward Harrison 11:42 am

• Links 4/28/10
  by Yves Smith 2:16 am

• Alford: Why Dismantling Too Big To Fail Firms Makes Economic Sense
  by Yves Smith 1:11 am

April 27, 2010

• Greece Downgrade: What Shoes Will Drop Next?
  by Yves Smith 11:03 pm

• Notes on Senate Hearings on Goldman Sachs (Updated as of End of Hearings)
  by Tom Adams 4:35 pm

• Links 4/27/10
  by Yves Smith 1:35 am

• Your Humble Blogger Discusses Financial Reform on PBS Newshour
  by Yves Smith 12:58 am

• Quelle Surprise! Goldman Knowingly Sold Garbage Barges
  by Yves Smith 12:50 am

April 26, 2010

• NYC Event at Book Culture Rescheduled for May 13
  by Yves Smith 10:58 pm

• Spitzer/Black: Questions from the Goldman Scandal
  by Yves Smith 11:01 am

• Links 4/26/10
  by Yves Smith 1:56 am

• Greece: Dead Man Walking?
  by Yves Smith 1:40 am

• Satyajit Das: Rand World
  by Yves Smith 12:30 am

April 25, 2010

• Guest Post: Unemployment for Those Who Earn $150,000 or More is Only 3%, While Unemployment for the Poor is 31%
  by George Washington 2:37 am

• Links 4/25/10
  by Yves Smith 12:52 am

• More Proof the Bubble is Back
  by Yves Smith 12:38 am

April 24, 2010

• New Goldman PR Disaster: Execs Celebrated Subprime Implosion
  by Yves Smith 11:01 am

• Links 4/24/10
  by Yves Smith 12:53 am

• Pharmaceutical Companies Risking Drug Safety Via Cost Controls?
  by Yves Smith 12:37 am

April 23, 2010

• Guest Post: A Banana Republic With No Bananas
  by George Washington 3:30 pm

• The Greek Crisis Has Me Thinking About 1931
  by Edward Harrison 11:02 am

• Links 4/23/10
  by Yves Smith 12:48 am

• CDO Market – Rife With Collusion and Manipulation?
  by Yves Smith 12:30 am

• E-mails From Mordor
  by Yves Smith 12:09 am

April 22, 2010

• “Treasury Harnesses the Power of Wind”
  by Yves Smith 1:52 pm

• Blankfein: Suit Against Goldman Will “Hurt America”
  by Yves Smith 9:18 am

• Links 4/22/10
  by Yves Smith 5:32 am

• Guest Post: Are Interest Rate Derivatives a Ticking Time Bomb?
  by George Washington 2:40 am

• Guest Post: Will Policy Exits Just Be Revolving Doors?
  by Yves Smith 12:42 am

• For Those Who Missed Our Trailer….Plus Short Bloomberg Interview
  by Yves Smith 12:09 am

April 21, 2010

• Guest Post: Krugman Says Break Up the Giant Banks to Stop Their Domination of the Political Process
  by George Washington 12:50 pm

• Tom Adams: Some Suggestions to SIGTARP on Its BlackRock and Abacus Probes
  by Yves Smith 12:35 pm

• Jeremy Grantham on Bubbles
  by Edward Harrison 11:41 am

• Links 4/21/10
  by Yves Smith 12:44 am

• Is Goldman’s Hardball Stance a Big Mistake?
  by Yves Smith 12:19 am

April 20, 2010

• Magnetar, Goldman Press Flurry Still Misses the Biggest Point of All
  by Yves Smith 4:36 pm

• Guest Post: Dodd Financial Reform Bill Is All Holes and No Cheese
  by George Washington 12:18 pm

• Marshall Auerback: Troubles in the EuroZone – Will the Contagion Affect the U.S.?
  by Yves Smith 10:05 am

• London Meetup on Wednesday April 21
  by Yves Smith 8:58 am

• Links 4/20/10
  by Yves Smith 1:04 am

• SEC/CDO Litigation: Why Aren’t the Collateral Managers Being Sued Too?
  by Yves Smith 12:30 am

April 19, 2010

• AIG Considering Suing Goldman Over Abacus CDOs
  by Yves Smith 9:03 pm

• Who is Next in the SEC’s Crosshairs? Some Possible (and Heretofore Overlooked) Suspects
  by Yves Smith 5:50 am

• Was Greece Rescue Futile, and is Portugal Next?
  by Yves Smith 5:45 am

• Guest Post: Goldman Cracks
  by George Washington 12:52 am

April 18, 2010

• Links 4/19/10
  by Yves Smith 8:41 pm

• Guest Post: How Should Traders and Investors Weight the Goldman Sachs Fraud Case for their Investment and Trading Decisions?
  by Yves Smith 7:28 pm

• UK Election Stunner: Lib Dems in the Lead
  by Yves Smith 7:05 pm

• Belated Posting of Bloomberg Interview
  by Yves Smith 9:04 am

• Guest Post: Wall Street’s Revenge on Hollywood
  by Yves Smith 6:35 am

• Links 4/18/10
  by Yves Smith 12:11 am

April 17, 2010

• Guest Post: Goldman Sacked?
  by George Washington 4:02 pm

• Guest Post: After Getting Bailed Out By American Taxpayers, General Electric Pays ZERO U.S. Taxes, Pretending that All of Its Profits are Overseas
  by George Washington 1:58 pm

• NC Readers Rule!
  by Yves Smith 7:52 am

• Rabobank: Merrill Committed Similar Fraud to Goldman With a Magnetar-Sponsored CDO
  by Yves Smith 6:46 am

• Antidote du Jour (Updated with Links)
  by Yves Smith 4:26 am

April 16, 2010

• Tom Adams Discusses SEC Fraud Suit Against Goldman on BNN
  by Yves Smith 8:44 pm

• Leaked Goldman Presentation on Abacus Trade
  by Yves Smith 7:53 pm

• SEC Sues Goldman for Fraud
  by Yves Smith 11:30 am

• JPMorgan gets paid to borrow $271 billion
  by Edward Harrison 11:14 am

• Is Obama Winning in DC and Losing the Country?
  by Yves Smith 9:04 am

April 15, 2010

• Guest Post: Yet Another Reason To Break Up The Big Banks
  by George Washington 7:51 pm

• Belated Antidote du Jour and Mini-Links
  by Yves Smith 6:22 pm

• Strategic defaults increase consumer spending
  by Edward Harrison 10:39 am

• Senator Lincoln Proposed Segregating Derivatives Units of Commercial Banks
  by Yves Smith 9:39 am

• Doth Magnetar Speak With Forked Tongue?
  by Yves Smith 8:11 am

• Your Humble Blogger is Stranded in London
  by Yves Smith 6:17 am

• Interview with the Telegraph’s Robert Miller
  by Yves Smith 5:34 am

April 14, 2010

• Guest Post: Regulators and Industry Insiders KNEW We Were in a Housing Bubble
  by George Washington 7:18 pm

• Antidote du Jour
  by Yves Smith 5:13 am

• Tom Adams: The Myth of “Insatiable” Investor Demand for CDOs
  by Yves Smith 12:25 am

April 13, 2010

• Guest Post: “Never Even a Whisper” at Fed’s Open Market Committee Meetings
  by George Washington 5:07 pm

• Rahm Emanuel and Magnetar Capital: The Definition of Compromised
  by Yves Smith 4:26 pm

• Satyajit Das: New & Old Greek Lessons
  by Yves Smith 2:46 pm

• The Origins of the Next Crisis
  by Edward Harrison 7:42 am

April 12, 2010

• Auerback: The PIIGS Problem: Maginot Line Economics
  by Yves Smith 6:17 pm

• Guest Post: Is the World’s Second Biggest Economy On the Ropes?
  by George Washington 1:16 pm

April 11, 2010

• Antidote du Jour
  by Yves Smith 10:04 pm

• Gonzalo Lira: “Systemic Contradictions”: The Eurozone De Facto Currency Peg, and the Death Spiral We Are Currently Witnessing
  by Yves Smith 4:25 pm

• Antidote du Jour
  by Yves Smith 1:21 am

• Satyajit Das: Liquid in Every Sense
  by Yves Smith 12:48 am

April 10, 2010

• Auerback: The Central Bank as “Dealer of the Last Resort”?
  by Yves Smith 9:18 pm

• Soros, Galbraith and Stiglitz on resisting inevitability in Greece
  by Edward Harrison 12:42 pm

• Links 4/10/10
  by Edward Harrison 10:51 am

• Guest Post: Is Debt Repudiation a Good Thing or a Bad Thing?
  by George Washington 10:09 am

April 9, 2010

• Update from UK and London Meetup
  by Yves Smith 9:12 pm

• Guest Post: Fraud Finally Being Discussed in Polite Company … Now Where Are the Prosecutions?
  by George Washington 5:10 pm

• Guest Post: Bank of International Settlements’ Tough Assessments Don’t Bode Well for World Economy
  by George Washington 12:18 pm

• Reader Notice
  by Edward Harrison 11:00 am

• Links 4/9/10
  by Edward Harrison 8:33 am

• Is the Bundesbank against an IMF-enabled bailout of Greece?
  by Edward Harrison 8:03 am

April 8, 2010

• Citigroup’s Chuck Prince confirms that risky behavior drives out prudent when risk is rewarded
  by Edward Harrison 10:21 pm

• Guest Post: 1.2 Million Households Disappear, Putting Downward Pressure on Home Prices and Rents
  by George Washington 7:45 pm

• Hopes for avoiding a second (fatal) credit crisis
  by Edward Harrison 3:49 pm

• Will the financial media adapt to the changing media landscape?
  by Edward Harrison 10:51 am

• Links 4/8/10
  by Edward Harrison 8:12 am

April 7, 2010

• Guest Post: Banking Industry Insiders Call for Breaking Up Giant Banks
  by George Washington 5:14 pm

• Three ways to keep NPLs down, recapitalize banks, and socialize losses all at the same time
  by Edward Harrison 2:41 pm

• Links 4/7/10
  by Yves Smith 5:40 am

• Goldman Denies It Bet Against Clients
  by Yves Smith 4:51 am

• Have Bloggers “Won”? And Is That a Bad Thing?
  by Yves Smith 3:43 am

• London Meet-Up, New York Bookstore Event, and South China Morning Post Interview
  by Yves Smith 2:36 am

April 6, 2010

• Throwing in the towel on policy makers
  by Edward Harrison 7:40 pm

• Guest Post: Rental Prices … Up or Down?
  by George Washington 4:10 am

• Links 4/6/10
  by Yves Smith 3:21 am

• Second Mortgage Mod Headfake: BlackRock Tries to Jawbone Banks Because Treasury Won’t
  by Yves Smith 1:02 am

April 5, 2010

• Guest Post: Proof that Regulators Knew of and Allowed Debt-Hiding Accounting Tricks Like Lehman’s Repo 105
  by George Washington 1:15 pm

• Links 4/5/10
  by Yves Smith 5:25 am

• Kraft: Management Incompetence Visited On Cadbury Employees
  by Yves Smith 4:54 am

• Guest Post: Comments on Lawrence Kotlikoff’s Jimmy Stewart is Dead
  by Yves Smith 1:18 am

• Reader Notice
  by Yves Smith 12:20 am

April 4, 2010

• Links 4/4/10
  by Yves Smith 5:15 am

• Guest Post: What Do We Have to Show After a Year of “Extend and Pretend”?
  by Yves Smith 2:12 am

• Geither Defers “Currency Manipulator or Not” Determination on China
  by Yves Smith 12:10 am

April 3, 2010

• Links 4/3/10
  by Yves Smith 3:57 am

• Orwell Watch: Democracy Being Linked to Socialism
  by Yves Smith 1:50 am

April 2, 2010

• Guest Post: “We Are in a Cabal… Five or Six Players … Own the Regulatory Apparatus. Everybody Is Afraid to Regulate Them”
  by George Washington 5:20 pm

• Why the fall in the savings rate means something
  by Edward Harrison 7:37 am

• Links 4/2/10
  by Yves Smith 5:29 am

• More Evidence of Lack of Competitiveness of Many Chinese Exporters
  by Yves Smith 4:33 am

• So Why Isn’t the DoJ After JP Morgan and Goldman for Anti-Competitive Behavior? (Jefferson County Edition)
  by Yves Smith 3:08 am

April 1, 2010

• Guest Post: Geithner Says Pickpocketing Trillions from the People to Give to the Oligarchy Was “Deeply Unfair”, But We … Um … Had To
  by George Washington 4:53 pm

• Links April Fools Day
  by Yves Smith 6:26 am

• Jamie Dimon Complains About Demonization of MegaBanks
  by Yves Smith 5:54 am

• CDS Counterparties Hoist on Their “Not Insurance” Petard
  by Yves Smith 4:40 am

• China’s Debt Bubble: When Will the Ponzi Unravel?
  by Yves Smith 3:19 am