• The Coming Pan-European Soverign Debt Crisis
    Reggie Middleton
    02/09/2010 - 05:12
    The levered assets of the banks in many Euro-sovereign nations easily outstrip those nations' GDP's. So when the nations' banks get in trouble from bad banking practices (and a very large swath have), the nations themselves are helpless in attempting to truly save the banks (and instead only institute a bait and switch wherein private default risk/insolvency potential is swapped for public manifestations of the same).
  • The Alarm Bells are Ringing
    madhedgefundtrader
    02/09/2010 - 07:22
    The rug may about to be pulled out from under the market. The onslaught of contradictory news coming out of Washington is wearing the market down. An exclusive interview with Andrew Horowitz of The Disciplined Investor.

Frontrunning: November 13

Tyler Durden's picture
Submitted by Tyler Durden on 11/13/2009 09:02 -0500



  • Jamie Dimon Op-Ed: No more "Too big to fail" (WaPo)... riiiiight
  • Big business tells Congress: "Frightening" new proposal could "destroy" Wall Street (The Hill)
  • Yuan "straightjacket" risks inflating China bubbles (Bloomberg)
  • Hedge funds can't mess up worse than Bob Rubin (Bloomberg)
  • U.S. states sell $9.5 billion of bonds; Connecticut boosts deal (Bloomberg)
  • Barofsky says TARP "almost certainly" will bring loses to U.S. (Bloomberg)
  • Krugman on Stimulus 4 Eva: Free to lose (NYT)
  • Kass: Market ignorance is bliss (The Street)
  • The road to insolvency: The FHA is the next FDIC (NYT)
  • Massive stimulus works in Europe too: Eurozone emerges from recession in 3rd quarter (AP)
  • Madoff's "prisoner" Rolex sale won't calm Swiss time town's ire (Bloomberg)
  • Robin Hood says "hell yeah" to recovery lead by Goldman bonuses (Bloomberg)
  • At Boeing, dreamliner fix turns up new glitch (WSJ)
  • Two views: hiring still poised to improve early 2010 (Morgan Stanley)
  • And: Mish unemployment projections through 2020 - it looks grim (Mish)
5
Your rating: None Average: 5 (2 votes)

»


by lukahnli
on Fri, 11/13/2009 - 09:35
#129630

Jamie Dimon's Op Ed is HILARIOUS.

"-if some unforeseen circumstance should put this firm at risk of collapse, I believe we should be allowed to fail."

That 25 Billion in TARP money you took is proof that you are a man of principle Jamie.

by Gordon_Gekko
on Fri, 11/13/2009 - 09:45
#129637

Jamie Dimon = HYPOCRITE.

by Careless Whisper
on Fri, 11/13/2009 - 09:54
#129643

either a hypocrite or a liar who thinks everyone is stupid.

dimon: a cap on size will not prevent risk.

well, if that's true then let's just ban the trading of derivatives with taxpayer backed funds.

 

by chumbawamba
on Fri, 11/13/2009 - 11:00
#129738

Dimon = someone who should be hanging from a public lighting fixture.

I am Chumbawamba.

by Jim B
on Sat, 11/14/2009 - 00:06
#130458

+1

Jamie Dimon's comments are aimed at the moron class... Some sheeple will believe anything.

 

by Anonymous
on Fri, 11/13/2009 - 10:21
#129674

"Barofsky says TARP "almost certainly" will bring loses to U.S."

"almost certainly" is an oxymoron. Take a stand one way or the other or don't even talk about it Barofsky.

by Anonymous
on Fri, 11/13/2009 - 10:21
#129676

"Barofsky says TARP "almost certainly" will bring loses to U.S."

"almost certainly" is an oxymoron. Take a stand one way or the other or don't even talk about it Barofsky.

by Careless Whisper
on Fri, 11/13/2009 - 10:31
#129689

front-run some derivatives.

this web site says they WON'T be regulated after all:

http://www.sott.net/articles/show/196640-Of-Bailouts-and-Swaps-The-Crafting-of-a-Loophole

 

 

by Catullus
on Fri, 11/13/2009 - 11:19
#129778

Krugman: Should America be trying anything along these lines? In a recent interview, Lawrence Summers, the Obama administration’s highest-ranking economist, was dismissive: “It may be desirable to have a given amount of work shared among more people. But that’s not as desirable as expanding the total amount of work.”

Because becoming more labor inefficient will increase overall production. My head hurts. God, please don't let them figure out they can lower the work week from 40 to 32 hours. 

by spanish inquisition
on Fri, 11/13/2009 - 12:27
#129850

Nothing to worry about here, it's not news, move along...

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5_Z9rJM9Hy0&pos=4

Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. will stop insuring checking accounts in the U.S. above the standard $250,000 limit, a year after the government set up the program to ease fears of deposit runs.

This is being played off as a money saving item, I wonder if they were actually charged anything for this in the first place.

by Jim B
on Sat, 11/14/2009 - 00:12
#130460

Freddie + Fannie = FHA (coming soon to the taxpayer trough)

by Anonymous
on Sat, 11/14/2009 - 07:42
#130553

"But ending the era of "too big to fail" does not mean that we must somehow cap the size of financial-services firms. Scale can create value for shareholders; for consumers, who are beneficiaries of better products, delivered more quickly and at less cost; for the businesses that are our customers; and for the economy as a whole. Artificially limiting the size of an institution, regardless of the business implications, does not make sense."

Artificially limiting the size of an institution, regardless of the business implications, does not make sense.

Really? Regardless? Of implications? Really? I mean jeebus does anyone actually make it past the first paragraph and not get pissed?

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