rcwhalen's blog
The Big Short is a Great Movie, But...
Submitted by rcwhalen on 01/05/2016 11:00 -0500- Alan Greenspan
- Apple
- Arthur Levitt
- Bear Stearns
- Bond
- CDS
- Commodity Futures Trading Commission
- Corruption
- Countrywide
- Credit Default Swaps
- default
- Federal Reserve
- Gretchen Morgenson
- Housing Market
- Institutional Investors
- Lehman
- Lehman Brothers
- Market Share
- Meltdown
- Michael Lewis
- Morgan Stanley
- Mortgage Loans
- NASDAQ
- New Century
- New York Stock Exchange
- None
- OTC
- OTC Derivatives
- program trading
- Program Trading
- Subprime Mortgages
- Wachovia
- Washington Mutual
Derivatives like credit default swaps turned a mere bubble in the US housing market into a global financial catastrophe...
Feldkamp: The Grinch That's Stealing Investors' Christmas
Submitted by rcwhalen on 12/28/2015 06:54 -0500How the SEC handed large banks a monopoly on short-term finance in 1998 by amending Rule 2a-7 and made the 2008 financial crisis inevitable
Feldkamp: The Macroeconomics of Crises and Fraud
Submitted by rcwhalen on 12/22/2015 08:22 -0500Financial fraud is any method by which deception or duplicity induces those with money to "invest" in a scheme...
Higher Interest Rates and Debt Reduction in 2016? Maybe...
Submitted by rcwhalen on 12/10/2015 07:18 -0500The Fed & ECB are spawning the next crisis....
On Credit Default Swaps
Submitted by rcwhalen on 11/25/2015 08:58 -0500"This is legal?" Stephanie Ruhle on CDS after watching "The Big Short" (Bloomberg TV)
Ike Brannon on Taxes, Income Inequality and Thomas Piketty
Submitted by rcwhalen on 07/13/2015 13:40 -0500Peter the Great liked to confiscate successful businesses and put the owners to death...
Dodd-Frank and the AIG Litigation: Implications for Investors
Submitted by rcwhalen on 07/08/2015 07:45 -0500- AIG
- American International Group
- B+
- Bankruptcy Code
- Bear Stearns
- Bond
- Chrysler
- Citigroup
- Consumer protection
- Creditors
- Davis Polk
- default
- Discount Window
- Federal Deposit Insurance Corporation
- Federal Reserve
- General Motors
- Greece
- Lehman
- Lehman Brothers
- Monetary Policy
- Paul Volcker
- Prudential
- Rating Agency
- White House
The rescue of AIG should not serve as a source of comfort to investors.
Michael Whalen: Why the Streaming Music Business is Broken
Submitted by rcwhalen on 06/23/2015 09:46 -0500Time for the musicians to learn the lessons that the video guys in Hollywood learned from them...
Global Deflation & Credit Spreads
Submitted by rcwhalen on 04/30/2015 08:40 -0500The 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
Central Banks, Credit Expansion, and the Importance of Being Impatient
Submitted by rcwhalen on 03/22/2015 17:31 -0500QE 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.
Fred Feldkamp on Fraud and True Sale
Submitted by rcwhalen on 03/21/2015 10:57 -0500Fraud grows in good times because rescission is rarely sought (or granted) when asset values rise. Fraud is not a problem, till it is.
Swiss Francs & Global Debt Deflation
Submitted by rcwhalen on 01/22/2015 12:38 -0500"There will first be a pernicious excitement, and next a fatal collapse." -- Walter Bagehot, Lombard Street (1844)
Q4 2014 Large Bank Earnings Preview: Growth Amidst Deflation
Submitted by rcwhalen on 01/12/2015 09:17 -0500Q: What is the fastest growing asset class at US banks? Leveraged loans? US Treasury debt? A: Reserves deposited at the Fed.
Outlook 2015: Deflation Remains the Dominant Theme
Submitted by rcwhalen on 12/18/2014 10:26 -0500Deflation and the attendant risks caused by a sudden revelation about hidden debts will remain the chief concern for investors and policy makers in 2015
David Kotok: James A. Lebenthal (June 22, 1928-November 14, 2014)
Submitted by rcwhalen on 11/16/2014 22:57 -0500Our industry has lost a legacy creator. May he Rest in Peace.
