Monthly Archives: November 2009

November 30, 2009

• Buiter has concerns other than Dubai, warns of sovereign debt delusion
  by Edward Harrison 10:12 pm

• Dubai Will Not Guarantee Debts of Dubai World
  by Yves Smith 7:32 pm

• Tell Your Senator No On Bernanke
  by Yves Smith 4:38 pm

• Guest Post: The Tax Code ENCOURAGES Leverage
  by George Washington 2:49 pm

• Links 11/30/09
  by Yves Smith 4:27 am

• “A Radically Simple Approach to Resolving Financial Crises”
  by Yves Smith 3:53 am

November 29, 2009

• UAE Central Bank Makes Reassuring Noises
  by Yves Smith 7:51 pm

• Links 11/29/09
  by Yves Smith 6:34 am

• “Can’t Get Enough: Goldman’s Profit is Citi’s Pain?”
  by Yves Smith 6:13 am

• Bernanke Tries to Defend the Fed
  by Yves Smith 6:03 am

• Quelle Surprise! Treasury Mortgage Mod Program Produces Zero Permanent Mods
  by Yves Smith 4:15 am

November 28, 2009

• Antidote du Jour
  by Yves Smith 6:48 am

November 27, 2009

• Links 11/27/09
  by Yves Smith 6:45 am

• I Love the Smell of Napalm in the Morning
  by Yves Smith 6:16 am

November 26, 2009

• The Tide of History and The Resilience of the Human Spirit
  by Jesse 1:03 pm

• Happy Turkey Day (Antidote du Jour)
  by Yves Smith 5:27 am

• Dubai World Restructuring: Sovereign Risk Shock or No Big Deal?
  by Yves Smith 5:19 am

November 25, 2009

• Guest Post: Gold Is Rallying Because…
  by Jesse 11:40 am

• Links 11/25/09
  by Yves Smith 7:05 am

• More on the Miller-Moore Amendment and Unintended Consequences
  by Yves Smith 6:24 am

• “A significant portion of policymakers are simply clueless”
  by Yves Smith 6:00 am

November 24, 2009

• Guest Post: Instead of Fixing the U.S. Economy or Creating Jobs for AMERICANS, Obama Will Spend The Money in Afghanistan and Iraq
  by George Washington 3:34 pm

• British regulators disclose terms of emergency aid during panic of 2008
  by Edward Harrison 2:11 pm

• Links 11/24/09
  by Yves Smith 5:32 am

• Goldman/AIG Conspiracy Theories: There’s a Reason They Won’t Go Away
  by Yves Smith 5:30 am

• Scare-Mongering Over Fed Oversight Bill
  by Yves Smith 5:17 am

• The Kanjorski Amendment Trojan Horse and Prompt Corrective Action
  by Edward Harrison 12:47 am

November 23, 2009

• “It’s Beginning to Look a Lot More Riskless”
  by Yves Smith 11:48 pm

• Quelle Surprise! Most Big Banks Lack Capital
  by Edward Harrison 9:59 pm

• A few thoughts about the limitations of government
  by Edward Harrison 3:29 pm

• GM’s phony taxpayer repayment
  by Edward Harrison 10:12 am

• Links 11/23/09
  by Yves Smith 4:29 am

• Quelle Surprise! Top Brass at Failed Firms Profited Handsomely
  by Yves Smith 3:09 am

November 22, 2009

• Links 11/22/09
  by Yves Smith 2:42 am

November 21, 2009

• Antidote du Jour
  by Yves Smith 2:30 am

November 20, 2009

• Stop the madness now!
  by Edward Harrison 5:08 pm

• Dodd: Bernanke Confirmation “Not Necessarily” a Foregone Conclusion
  by Yves Smith 2:06 pm

• Ivy Zelman: “Home prices are going back down”
  by Edward Harrison 8:59 am

• Links 11/20/09
  by Yves Smith 3:02 am

• “Does US need a second stimulus to create jobs?”
  by Yves Smith 2:02 am

November 19, 2009

• Marc Faber: “I don’t think that you’ll see gold below $1,000 per ounce probably ever”
  by Edward Harrison 4:11 pm

• Apple: Can it stop the Android menace?
  by Edward Harrison 11:15 am

• Links 11/19/09
  by Yves Smith 3:19 am

• 50% Say Their Bank Increased Credit Card Rates In the Last Six Months
  by Yves Smith 1:11 am

November 18, 2009

• Democratic Rep. DeFazio Calls for Geithner and Summers to Be Fired
  by Yves Smith 9:48 pm

• Obama: Debt could cause a double dip recession
  by Edward Harrison 2:19 pm

• Links 11/18/09
  by Yves Smith 3:02 am

November 17, 2009

• Audit the Fed Bill: Attempted Saturday Night Massacre Underway
  by Yves Smith 9:36 pm

• In Case Someone Says You Couldn’t See This Coming
  by Yves Smith 8:40 pm

• Food insecurity in America skyrockets
  by Edward Harrison 3:58 pm

• Links 11/17/09
  by Yves Smith 9:35 am

• Very Abbreviated Takedown on SIGTARP Report on AIG CDS Payouts
  by Yves Smith 9:33 am

• “Dudley and the Missing Lessons of the Financial Crisis”
  by Yves Smith 6:26 am

• “Should America Kowtow to China?”
  by Yves Smith 5:59 am

• Bank of America Foreclosure Shenanigans?
  by Yves Smith 4:09 am

November 16, 2009

• Links 11/16/09
  by Yves Smith 6:04 am

• Of Course, Treasury Wants To Hang on to TARP Money
  by Yves Smith 4:55 am

• China Lambastes Dollar “Carry Trade,” Diverting Attention from Its Currency Manipulation
  by Yves Smith 3:06 am

November 15, 2009

• Guest Post: “War ALWAYS Causes Recession”
  by George Washington 9:28 pm

• Links 11/15/09
  by Yves Smith 5:42 am

• UK to Propose Legislation to Contain Banker Pay, Make Suits Against Banks Easier
  by Yves Smith 5:15 am

• Cognitive Bias Alert: Social Validation Can, and Has, Killed
  by Yves Smith 4:32 am

• Swoopo and the Thrill of the Kill
  by Yves Smith 1:43 am

November 14, 2009

• Links 11/14/09
  by Yves Smith 3:59 am

• “President Obama, deficit terrorism is not the answer!”
  by Yves Smith 1:53 am

November 13, 2009

• Links 11/13/09
  by Yves Smith 8:07 am

• Krugman on the Need for Jobs Policies
  by Yves Smith 6:24 am

• Goldman Gives Preferential Treatment to Junior CDO Holders Over Senior
  by Yves Smith 5:36 am

• Freddie and Fannie Outside Supervisor Ousted
  by Yves Smith 4:19 am

November 12, 2009

• Guest Post: Confirmed – Defense Spending Creates Fewer Jobs Than Other Types of Spending
  by George Washington 8:41 pm

• Geithner: Forget what I just said, now I mean the opposite
  by Edward Harrison 1:52 pm

• Unemployment insurance for the 21st century
  by Edward Harrison 11:56 am

• Links 11/12/09
  by Yves Smith 6:17 am

• The Kanjorski “We’re Tough on TBTF” Headfake
  by Yves Smith 4:33 am

• AIG Benmosche Fallout: Reuters Deems Him to Be Dispensable
  by Yves Smith 3:25 am

November 11, 2009

• Guest Post: Military Spending is INCREASING Unemployment and REDUCING Economic Growth
  by George Washington 7:14 pm

• If the Fed is looking to inflate away problems, what should Asia do?
  by Edward Harrison 9:43 am

• Links Veterans’ Day
  by Yves Smith 4:11 am

• Attention Lloyd Blankfein: The Public Purpose of Banking
  by Yves Smith 2:27 am

• AIG’s Benmosche Can’t Push Uncle Sam Around, So Threatens to Quit
  by Yves Smith 12:41 am

November 10, 2009

• Guest Post: Senator Dodd has Introduced a Sweeping Financial Reform Bill. Please Help Me Figure Out If Its Good or Bad, and What Its Missing
  by George Washington 5:46 pm

• Links 11/10/09
  by Yves Smith 4:55 am

• Guest Post: Trading This Crisis for The Next
  by Yves Smith 4:40 am

• Mishkin Defend Bubbles (and of Course, the Fed)
  by Yves Smith 3:59 am

• Do Businesses Hate Their Workers? (Income Disparity Myths Edition)
  by Yves Smith 12:59 am

November 9, 2009

• Links 11/9/09
  by Yves Smith 5:05 am

• “Free Market” Capitalism Gets Thumbs Down in 27 Countries, Including US
  by Yves Smith 4:33 am

• Drug Marketing Continues to be Criminal
  by Yves Smith 2:38 am

• Guest Post: Big Bankers Say They’re Doing God’s Work … Are They Right?
  by George Washington 2:03 am

• Guest Post: One Reason that the Stock Market is Rising While Unemployment is Soaring
  by George Washington 12:45 am

November 8, 2009

• Links 11/8/09
  by Yves Smith 6:13 am

• Quelle Surprise! Banks Overestimating Their Health
  by Yves Smith 4:55 am

• Frank Veneroso: Employment Losses Probably Continue at a 300,000 a Month Rate
  by Yves Smith 4:29 am

• Will Health Care Reform Lead to Salaried Doctors?
  by Yves Smith 3:00 am

November 7, 2009

• Links 11/7/09
  by Yves Smith 5:41 am

• Einhorn: First, Let’s Kill All the Credit Default Swaps
  by Yves Smith 4:13 am

• Guest Post: Investor Psychology … Fear Turns People Into Sheep
  by George Washington 12:23 am

November 6, 2009

• The less optimistic view of Treasury’s handling of the crisis
  by Edward Harrison 3:09 pm

• Links 11/6/09
  by Yves Smith 6:18 am

• The Fantasy of the Clearing House Magic Bullet
  by Yves Smith 5:32 am

• Guest Post: Was it “Nobody Saw It Coming” or “Everybody Who Saw It Coming Was a Nobody”?
  by Yves Smith 5:29 am

November 5, 2009

• Goldman, Fed, Citi Getting Preferential Allotments of H1N1 Vaccine
  by Yves Smith 6:50 pm

• The wildly optimistic view of Treasury’s handling of the crisis
  by Edward Harrison 1:50 pm

• Links 11/5/09
  by Yves Smith 5:36 am

• On Invoking God to Defend Mammon
  by Yves Smith 1:09 am

• More Signs of Consumer Retrenchment
  by Yves Smith 1:00 am

• Mirabile Dictu! Goldman Lost Money Only One Day in Last Quarter
  by Yves Smith 12:26 am

November 4, 2009

• Guest Post: Wall Street Journal Admits Economists Were Wrong, But Fails to Discuss their INCENTIVE for Being Wrong
  by George Washington 5:21 pm

• Guest Post: Will the Democrats Lose in 2010 (or 2012) Because They Won’t Pass Real Financial Reforms?
  by George Washington 2:56 pm

• Trouble looms in Ireland after debt cut two notches and deficits soar
  by Edward Harrison 1:17 pm

• Guest Post: US Dollar Very Long Term Chart and Empirical Observations
  by Jesse 10:35 am

• The creeping power grab by the executive branch and Federal Reserve
  by Edward Harrison 10:13 am

• Links 11/4/09
  by Yves Smith 3:33 am

• Guest Post: Take the Power to Create Credit Away from the Giant Banks and Give It Back to the People
  by George Washington 12:46 am

November 3, 2009

• Trouble Ahead: Can the Right Seize the Banking Reform Issue in 2010?
  by Yves Smith 5:39 pm

• Curious Meeting at Treasury Department
  by Yves Smith 12:03 pm

• Wood warns of correction, says “key variable in the West is government policy”
  by Edward Harrison 10:32 am

• Mini Links 11/3/09
  by Yves Smith 3:33 am

November 2, 2009

• Bullish data, recoveries, crashes and the psychology of forecasting redux
  by Edward Harrison 2:03 pm

• Guest Post: Aggressive Fiscal Stimulus Spending Only Shortens Recessions by Two Quarters
  by George Washington 1:34 pm

• Links 11/2/09
  by Yves Smith 1:31 am

• Guest Post: On, and Beyond, Deficits
  by Yves Smith 1:26 am

• Roubini Predicts “Mother of All Carry Trade Unwinds”
  by Yves Smith 12:38 am

November 1, 2009

• Guest Post: Galbraith Says Administration’s Sole Goal is to Restore System of 5 or 10 Years Ago, But Confidence Won’t be Restored Unless Fraud Which Caused the Crash is Investigated
  by George Washington 3:53 pm

• Debt Stress in Middle Class America, Revisited
  by Yves Smith 2:55 am

• Links 11/1/09
  by Yves Smith 2:41 am

• “How Goldman secretly bet on the U.S. housing crash” (AIG as Bagholder Watch)
  by Yves Smith 1:30 am