"This is legal?" Stephanie Ruhle on CDS after watching "The Big Short" (Bloomberg TV)
Peter the Great liked to confiscate successful businesses and put the owners to death...
The rescue of AIG should not serve as a source of comfort to investors.
Time for the musicians to learn the lessons that the video guys in Hollywood learned from them...
The results of the latest FOMC meeting confirm that most of the media and investor communities don't get the joke on Fed policy since the crisis. No change in '15
QE makes sense only from a Keynesian/socialist perspective and ignores the long-term cost of low interest rate policies to individual investors and financial institutions.
Fraud grows in good times because rescission is rarely sought (or granted) when asset values rise. Fraud is not a problem, till it is.
"There will first be a pernicious excitement, and next a fatal collapse." -- Walter Bagehot, Lombard Street (1844)
Q: What is the fastest growing asset class at US banks? Leveraged loans? US Treasury debt? A: Reserves deposited at the Fed.
Deflation and the attendant risks caused by a sudden revelation about hidden debts will remain the chief concern for investors and policy makers in 2015
Our industry has lost a legacy creator. May he Rest in Peace.
The best performer among the top-five US banks is U.S. Bancorp (NYSE:USB) and by a wide margin...
The Puerto Rico Electric Power Authority (PREPA) Bond: Nondisclosure Agreement Creates Two Classes of BondholdersSubmitted by rcwhalen on 09/16/2014 03:07 -0500
Suddenly, we now have a new class: those bondholders who are under the NDA versus those who are not.
FDIC: “the largest positive contribution to the year-over-year change in earnings came from reduced loan-loss provisions..."
Energy security is not synonymous with energy independence.