Author Archives: Richard Smith
Displacement Activity, Minsky Moment, Abreaction
Still no great hurry to grasp the nettle in the Eurozone (nor in the US), but the moment can’t be postponed for much longer
Read more...Pain in Maine
By Richard Smith You won’t be hearing much from Yves today: Traceroute has started… traceroute to vroo.pair.com (209.68.1.136), 64 hops max, 52 byte packets 1 192.168.1.1 (192.168.1.1) 5.882 ms 0.760 ms 0.631 ms 2 yves.tearing.hair.out (yves.tearing.hair.out) 8.501 ms 15.333 ms 9.936 ms 3 te-9-4-ur01.brunswick.me.boston.comcast.net (68.87.36.53) 9.966 ms 10.767 ms 9.605 ms 4 te-0-7-0-2-sur01.brunswick.me.boston.comcast.net (68.85.162.61) 10.250 ms […]
Read more...New Zealand Company Registry Whack-a-Mole!
More old and new delights from the little shop of horrors that is the New Zealand Company Registry
Read more...New Zealand Government comatose, NZ Parliament surprisingly perky though
Written answers requested in New Zealand’s Parliament, triggered by reporting of the NZ companies register from Naked Capitalism and the NZ National Business Review
Read more...New Zealand Opportunity! Earn $$$ Working from Home, Creating Bogus Companies for Crooks!
Introducing Scam Central of New Zealand…
Read more...Clueless New Zealand Ministry of Economic Development Provides Regulatory Cover to Bogus Financial Companies
…which is not good news for honest New Zealand investors trying to do a due diligence exercise; nor for the New Zealand Ministry of Economic Development’s reputation, if it has one…
Read more...Why Matt Yglesias and Felix Salmon are Wrong About A Legal Way to Circumvent the Debt Ceiling Impasse
Well, the debt limit crisis is upon us. Treasury Secretary Geithner says the US Government will not be able to meet all its obligations on August 3, unless the debt ceiling is increased by Congress. The Secretary says he is out of moves to extend this date. I don’t think that’s true. I think he can use proof platinum coin seigniorage to supply all the money needed to spend Congressional Appropriations.
Read more...Board’s role ‘off limits’ in police probe of alleged £1bn HBOS fraud
The police force investigating the alleged £1 billion fraud at the former Reading operation of HBOS has no plans to probe the possible role of former senior executives and board directors in the scandal.
Read more...Links 7/17/11
Antidote du jour: I wanted to put this up for cat owners, but Youtube embeds and Wordpress still don’t coexist happily. So here’s a link instead.
NB: this works on most cats, but if you are the proud owner of a Maine Coon, watch out: he will still carve the vet’s forearm to shreds.
Read more...Capital and liquidity: whose problem?
Jon Daniellsson of the LSE has spotted something odd about the Basel III debate on capital levels…
Read more...Adulterous Failed Banker Fred Goodwin’s New Human Shield
Back in March, and courtesy of Naked Capitalism’s US locale, we arbed away Fred Goodwin’s superinjunction, which banned UK reporting of his affair with a junior director at RBS. After more challenges by the UK newspapers, the superinjunction has now been amended: it’s OK to identify Fred Goodwin as the failed banker with the wandering body part; but still not OK to identify his partner, who is referred to in the official documents by the code letters “VBN”.
Read more...Semi-Nude Parliamentary Candidate Protests Against Banker Pay At RBS AGM
I missed this extraordinary scene. When the aspiring politician Kit Fraser stripped to his boxer shorts outside RBS’s annual shareholder meeting last Tuesday, I was already inside the meeting, listening to chairman Sir Philip Hampton defend the bank from shareholder allegations that he had lost the plot on pay.
Read more...Conflicted JP Morgan Next up for a Reputation Hit
Louise Story at the NYT has this: In the summer of 2007, as the first tremors of the coming financial crisis were being felt on Wall Street, top executives of JPMorgan Chase were raising red flags about a troubled investment vehicle called Sigma, which was based in London. But the bank chose not to move […]
Read more...Links 4/11/11
A couple of evenings ago, Wayne went out to check the cows and saw a very strange sight and was able to photograph the event. A black bear approached our cow herd which turned out to be a very big mistake on his part.
