Archive - May 10, 2009 - Story

The roasting is to be expected, the seating of CNBC propaganda machine Jim Cramer next to chief of staff and apparent media liaison Rahm Emanuel (fwd to 7:02 and 10:47) not so much, although not that very surprising.

[youtube=http://www.youtube.com/watch?v=zmyRog2w4DI&hl=en&fs=1]

hat tip a a

Deepak Moorjani shares the below letter, which initially appeared in NYT's DealBook, but subsequently was taken down for reasons known, and now only a big gaping 404 hole remains in its place (http://dealbook.blogs.nytimes.com/2009/04/16/another-view-deutsche-banks-culture-of-risk/).

• Must-watch panel from Milken conference: Milken, James Walker, Steve Tananbaum, Stephen Nesbitt, David Malpass (Milken Institute)
• Words from the (investment) wise (The Big Picture)
• BlackRock has become Fed's go to firm (Bloomberg)
• An offer you can't refuse (

• Must-watch panel from Milken conference: Milken, James Walker, Steve Tananbaum, Stephen Nesbitt, David Malpass (Milken Institute)
• Words from the (investment) wise (The Big Picture)
• BlackRock has become Fed's go to firm (Bloomberg)
• An offer you can't refuse (

There has been some media and political debate lately over who if any entities may have profited from a Chrysler bankruptcy due to CDS holdings. As is often the case, when you get the mainstream media entering the ever so slightly more complex world of CDS contracts, many of the theories that develop have the same "logic" that is underpinning the current market rally.