Archive - Nov 2011 - Blog entry

The spike in yields on sovereign debt of Italy was attributable, only in part, to the Italian political turmoil we are witnessing. The other aspect dealt with CDS on Italian debt. Those holders thought they had one type of CDS protection. They realized from the events in Greece that they had something else.

China has a list of demands. German industry refuses to cede ground. People shudder at becoming dependent on money from the communist regime. Clearly, the debt crisis isn’t deep enough yet.

50K

I think the MF Global story comes back to the front page next week.

FL Clerk of Court Sues Mortgage Electronic Registration System (MERS) for Civil Conspiracy, Unjust Enrichment, as well as Fraudulent and Negligent Misrepresentation

Reality is just too complicated. So they give us a cartoon instead. 

Federal Reserve Chairman Ben Bernanke is taking his show on the road.

The SEC, along with the major U.S. stock exchanges, have "fixed" the problems with the reverse-merger industry.  By "fixed" I mean they've essentially done nothing at all...

Forget Europe though, the scariest news of the week to me is HSBC taking $1.8Bn of loan impairment charges last quarter as large amounts of customers simply stopped paying their mortgages.  

A welcome breath of fresh air...

A little rain on today's parade.

Looking at Bank of Hawaii's Asset mix the past 3 years one gains the impression that BOH would prefer to buy and sell securities rather than lend to consumers and businesses.

Although the title says “in Massachusetts,” many of its salient points have broader application. If you really want to understand MERS, I suggest making time to read this one in full.

"This will not be resolved quickly or easily." Maybe it will never be resolved. 

You can't handle it.