Author Archives: Tyler Durden

Submitted by Tyler Durden of Zero Hedge Complete collapse in foreign interest for GSE debt: North American holdings of the latter have increased from 50% to 80% of total notional in one year! Primary Dealers are selling corporates in droves in order to purchase Treasuries and MBS under the Fed’s gun. Primary Dealers now have […]

Submitted by Tyler Durden of Zero Hedge If there is one post you read today, this month, or this year, this should be it. Absolutely brilliant summary of the predicament interventionism has gotten us into. If you are looking for insight that will save you money when the market turns, this is it.

Submitted by Tyler Durden of Zero Hedge In the week ended May 22, NYSE program trading dropped to a statistically significant low of 2.9 billion shares, down from 3.3 billion the week before, and from a 3.8 billion prior 52 week average. As for specific actors, no surprise, Goldman leading the government’s SLP team with […]

Submitted by Tyler Durden of Zero Hedge White & Case, made famous by its irreverent lawyer Tom Lauria, who led a valiant fight for the non-TARP lender committee until its disbandment after holdout after holdout decided fighting against the US government was not reasonable, has been retained again, this time by Indiana Pension Funds, holders […]

Submitted by Tyler Durden of Zero Hedge For readers who have the time and interest to follow up on the topic Zero Hedge commenced yesterday discussing money liquidity and the shadow banking system, the best place to start is with Friedrich Hayek’s seminal Prices and Production, published in the depression days of 1935. Curiously Hayek […]

Submitted By Tyler Durden of Zero Hedge As we initially reported nearly two months ago, the main reason why the banks’ fixed income trading desks generated phenomenal profitability in January and February had nothing to do with actual trading of fixed income and everything to do with AIG’s hamheaded (and loss-generating) unwind of its CDS […]

Submitted by Tyler Durden, publisher of Zero Hedge In an interview of momentous importance, WJR’s Frank Beckmann interviews Tom Lauria, the Head of Restructuring at law firm White & Case, in which the lawyer, who represents Chrysler hold-out hedge funds Stairway Capital and Oppenheimer Funds, discusses on the record the amazing treatment by the White […]

Submitted by Tyler Durden of Zero Hedge It is no secret that the administration, and especially Barney Frank, has made public enemy number one out of the rating agencies (and particularly Moody’s), mostly in line with populist rhetoric and scapegoating. Of course, when the rating agencies satisfied a role that helped housing prices go higher, […]

Submitted by Tyler Durden, publisher of Zero Hedge With articles like this coming out of Time magazine, it is inevitable that in the immediate future, the United States will be split into two partisan camps. However, this will not be the traditional schism of republicans vs. democrats, contrary to Mr. Barney Frank’s attempt to start […]

Submitted by Tyler Durden, publisher of Zero Hedge There was a time on Wall Street when insider trading was rampant, when sellside analysts would pump stocks under the guidance of their superiors only to have their corporate finance colleagues do an equity offer shortly after, when the amount of money a bank’s corporate clients paid […]

Submitted by Tyler Durden, publisher of Zero Hedge When the man in charge of the second largest borrower in the U.S. is willing to lose his job due to his discomfort with the FASB’s shift in accounting rules, you can bet that the tragic fallout of all the “market buoying” recent events is only a […]

Posted by Tyler Durden, Publisher of Zero Hedge And Northern Trust thought it had problems when Barney Frank went postal for the company’s House Of Blues romp. A smoking gun lawsuit filed March 30 in Northern Illinois District Court (09-cv-01934) by Joseph Diebold on behalf of the pension scheme of one of the world’s largest […]

Submitted by Tyler Durden, publisher of Zero Hedge Zero Hedge is rarely speechless, but after receiving this email from a correlation desk trader, we simply had to hold a moment of silence for the phenomenal scam that continues unabated in the financial markets, and now has the full oversight and blessing of the U.S. government, […]

Submitted by Tyler Durden, publisher of Zero Hedge As I dug a little more into the mystery of the amended Bloomberg headline discussing FDIC’s travails, some interesting facts came up. On September 25, 2008, Bloomberg staff reporter David Evans (not to be confused with U2’s The Edge) came out with a piece called “FDIC May […]