Contributing Editors' Blog Entries
A True American Hero: Joseph E. Stiglitz
Submitted by PragmaticIdealist on 08/04/2009 - 16:07 Profiling a great economist and human being whose honesty has driven him from politics and to the People.
Putting it all Together: Managing Money as you Peer into the Abyss
Submitted by Eiad Asbahi on 08/04/2009 - 10:24 Managing Money We are certain that the unprecedented government policy response to avert a depression-era collapse of our financial system will go hand in hand with an unprecedented number of unintended consequences, perhaps manifested by loss of confidence in the dollar, inflation and possibly both.
Ken Lewis Tips Mary Schapiro $33M For Good Service
Submitted by Benjamin N. Dov... on 08/03/2009 - 22:39 Ken Lewis Mary Schapiro SEC charges Bank of America with lying to investors to the tune of billions of dollars, but quickly realizes its mistake and settles for $33 million. Actual payment to be delayed until BofA teller in charge of petty cash drawer returns from vacation.
Swiss vs USA - Where Does This Go Next?
Submitted by Bruce Krasting on 08/02/2009 - 21:34 Next week the 'deal' for UBS is due out. How big is the fine going to be? Some estimate as high as $5.5 bil. $20 billion+ of withholding taxes has been applied to these accounts. Where is the money?Porn: Pleasure of the Financial TV News Business
Submitted by Benjamin N. Dov... on 08/02/2009 - 13:20 CNBC once again breaks new journalistic ground by taking a long, hard look at the porn industry.Successful Week for Treasury?
Submitted by Bruce Krasting on 08/01/2009 - 09:42 The Treasury sold $109 billion of new coupons last week and rates fell by 25BP. How did they do that??Et Tu, Treasury Auction Accounting?
Submitted by PragmaticIdealist on 07/30/2009 - 22:31 To manipulate or not to manipulate? That is not the question on the Treasury's mind...FHFA is One Year Old - No Cause for Celebration
Submitted by Bruce Krasting on 07/30/2009 - 20:24 No punch bowl at this party. Lots of slides of the mortgage mess. Did Mr. Lockhart confirm the rumor that the Agencies are going to merge with Ginnie Mae?Leave Dennis Alone!
Submitted by Benjamin N. Dov... on 07/30/2009 - 19:14 CNBC's Dennis Kneale isn't a smarmy, arrogant blowhard with no journalistic scruples. He just seems that way.Successful Auction?
Submitted by Bruce Krasting on 07/30/2009 - 12:59 Another surprise in bond land. This time an upside. The dealers do not know how to price all this paper.
Marketing Treasuries
Submitted by The Debt Bitch on 07/30/2009 - 05:34 I love watching the press struggle with the issue of Asia buying U.S. debt. You can look at three different papers in a two day period and get three different answers on the topic. They are buying more. They will sell it all. They are doing nothing. We are fine. We are fucked. Who the hell knows?Fannie and Freddie Preferred Stock - Update
Submitted by Bruce Krasting on 07/29/2009 - 18:56 Freddie Preferred Stock Fannie and Freddie Pref are up 200% in five weeks. Who knows what?C - Still on the NO BORROW list
Submitted by Bruce Krasting on 07/29/2009 - 16:59 C goes off the NO BORROW list on Friday. The value of the common is just a guess.Former Countrywide Execs Start New Subprime Company; Hilarity Ensues
Submitted by PragmaticIdealist on 07/29/2009 - 12:16 Countrywide 2006? Ancient history dude.