Monthly Archives: April 2009

April 30, 2009

• Fed to Prop Up Commercial Real Estate Loan Pre Expected Implosion
  by Yves Smith 11:05 pm

• Bankruptcy Cramdown Defeated: Banksters Again Prevail Over Real Economy
  by Yves Smith 5:05 pm

• Guest Post: Demystifying Pension Fund Benchmarks
  by Leo Kolivakis 6:28 am

• Links 4/30/09
  by Yves Smith 1:30 am

• Are the Markets Too Complacent About Swine Flu?
  by Yves Smith 12:39 am

• Chrysler Chapter 11 Filing Expected
  by Yves Smith 12:00 am

April 29, 2009

• Guest post: Trouble looms for Lewis at annual meeting with MAC clause top of mind
  by Edward Harrison 7:17 am

• Guest Post: CPPIB Gets Grilled in Ottawa
  by Leo Kolivakis 6:46 am

• Links 4/29/09
  by Yves Smith 2:14 am

• Martin Wolf: "Those Who Hope for Swift Return to Normalcy" are "Deluded"
  by Yves Smith 1:37 am

• Moody’s Pandemic Cost Estimate
  by Yves Smith 12:27 am

April 28, 2009

• Yet Another Program to Enrich Banks at Taxpayer and Borrower Expense
  by Yves Smith 10:10 pm

• Guest Post: Pensions’ Death Spiral?
  by Leo Kolivakis 6:33 am

• Guest Post: Stress tests reveal Citi and BofA need more capital, but you knew that already
  by Edward Harrison 4:01 am

• Links 4/28/09
  by Yves Smith 1:33 am

• Musings on Credit Default Swaps
  by Yves Smith 1:27 am

April 27, 2009

• Citi and Bank of America "Encouraged" to Get More Capital as Result of Stress Tests
  by Yves Smith 11:19 pm

• Links 4/27/09
  by Yves Smith 1:23 pm

• Are the Knives Coming Out for Geithner?
  by Yves Smith 2:22 am

April 26, 2009

• Guest Post: The horrible self-dealing of Ken Lewis and the principal-agent problem
  by Edward Harrison 7:23 pm

• Guest Post: Is the Recession Affecting Your Health?
  by Leo Kolivakis 10:30 am

• Links 4/26/09
  by Yves Smith 5:12 am

• On Pelosi’s Duplicity and Apparent Sandbagging of Elizabeth Warren
  by Yves Smith 3:43 am

• Musings on Structural Challenges to the Financial System
  by Yves Smith 3:31 am

April 25, 2009

• Guest Post: The Pension Killer?
  by Leo Kolivakis 10:11 am

• Links Anzac Day
  by Yves Smith 4:22 am

• Markets Cheer Stress Test Double Speak
  by Yves Smith 3:06 am

April 24, 2009

• Guest Post: Handicapping the Stress Test, TCE data @ 3/31
  by Rolfe Winkler 8:00 am

• Guest post: Breaking news – China has been secretly stocking up on gold
  by Edward Harrison 7:46 am

• Links 4/24/09
  by Yves Smith 3:39 am

• Taleb Presentation on the Fourth Quadrant
  by Yves Smith 3:29 am

• Guest Post: PSP’s CFO in the Hot Seat
  by Leo Kolivakis 1:17 am

April 23, 2009

• Chrysler End Game: BK Next Week if No Deal (and Journal Says Even if a Deal)
  by Yves Smith 11:56 pm

• Guest Post: The Rating Agency Scapegoating Catch 22
  by Tyler Durden 3:37 pm

• Links 4/23/09
  by Yves Smith 2:22 am

• Lewis Testified Treasury and Fed Pressed for Silence on Merrill Woes
  by Yves Smith 1:09 am

• Guest Post: Time for a New Universal Pension Plan?
  by Leo Kolivakis 12:40 am

April 22, 2009

• IMF Expects 1.3% Fall in Global Growth in 2009
  by Yves Smith 10:44 pm

• Guest Post: The Short Term Set Up in US Equity Markets
  by Jesse 2:11 pm

• Guest post: How big banks earned so much money this quarter
  by Edward Harrison 9:47 am

• Links Earth Day
  by Yves Smith 3:44 am

April 21, 2009

• Guest Post: Open Letter To The SEC Regarding Wall Street’s REIT Bait-And-Switch
  by Tyler Durden 9:13 pm

• Guest Post: Pension Hearings at Parliament Hill
  by Leo Kolivakis 8:17 pm

• Stress Tests Favor Big Trading Firms Over Regional Players
  by Yves Smith 7:50 pm

• Links 4/21/09
  by Yves Smith 1:44 am

• Bailout Inspector General to Warn That Public Private Partnership Open to Fraud
  by Yves Smith 12:54 am

April 20, 2009

• Right Wing Turns on Elizabeth Warren, Congressional Oversight Panel Head
  by Yves Smith 3:31 pm

• Guest Post: Backdoor Way Investors Can Clear Housing Inventory
  by Rolfe Winkler 3:10 pm

• Guest Post: Public Pension Shakedown?
  by Leo Kolivakis 7:58 am

• Links 4/20/09
  by Yves Smith 3:17 am

• Nationalization in Denial?
  by Yves Smith 1:55 am

• Will Demographic Trends Impede Recovery?
  by Yves Smith 1:22 am

April 19, 2009

• US to Impose Conditions on TARP Repayment
  by Yves Smith 6:04 pm

• Guest Post: Who’s Got Talent?
  by Leo Kolivakis 9:51 am

• Links 4/19/09
  by Yves Smith 2:16 am

• On Good and Bad Financial Innovation
  by Yves Smith 2:00 am

• Risk Management Sanity Check
  by Yves Smith 1:43 am

April 18, 2009

• Guest Post: A New Generation of Whiners?
  by Leo Kolivakis 11:42 am

• Links 4/18/09
  by Yves Smith 3:21 am

• Bank Stress Tests Now Officially a Garbage In, Garbage Out Exercise
  by Yves Smith 1:44 am

• Citigroup Posts Potemkin Profits
  by Yves Smith 12:50 am

April 17, 2009

• Guest Post: Should Governments Stop Meddling in Pensions?
  by Leo Kolivakis 6:33 am

• Links 4/17/09
  by Yves Smith 1:51 am

April 16, 2009

• "Surgical" Bankruptcy for Big Auto Looking Increasingly Dubious
  by Yves Smith 11:43 pm

• Stiglitz: Bank Plan Destined to Fail, Doomed By White House/Wall Street Ties
  by Yves Smith 9:08 pm

• IMF Warns Downturn Will Be Prolonged and Recovery Shallow
  by Yves Smith 2:29 pm

• Guest Post: The End of Final-Salary Pensions?
  by Leo Kolivakis 9:38 am

• Links 4/16/09
  by Yves Smith 3:30 am

• Willem Buiter: Treasury Will Have to Abandon Current Approach to Banks
  by Yves Smith 2:34 am

• "Don’t set Goldman free, Mr Geithner"
  by Yves Smith 12:58 am

• Capital One Reveals Big Increase in Credit Card Chargeoffs
  by Yves Smith 12:05 am

April 15, 2009

• Links Tax Day (US)
  by Yves Smith 3:00 am

• US Decides to Disclose (Some) Results From Stress Tests
  by Yves Smith 1:17 am

• Guest Post: Banking on Death?
  by Leo Kolivakis 12:25 am

April 14, 2009

• Reader Notice
  by Yves Smith 11:14 pm

• Goldman CFO Viniar "Mystified" by Probes into Relationship with AIG
  by Yves Smith 3:12 pm

• Guest Post: Who Doesn’t Let Money Managers Off the Hook?
  by Leo Kolivakis 6:37 am

• Links 4/14/09
  by Yves Smith 2:22 am

• John Dizard: Geithner’s and Citi’s Days Numbered
  by Yves Smith 2:08 am

April 13, 2009

• Analyst: Wells Fargo to Show $120 Billion in Stress Test Losses
  by Yves Smith 11:52 pm

• Guest Post: The Fed’s New Tool to Fight Inflation?
  by Lune 10:35 pm

• Guest Post: The Fake Recovery
  by Edward Harrison 9:13 am

• Links 4/13/08
  by Yves Smith 1:04 am

• Is TARP Investigator on Collision Course With Treasury on Bank Assets?
  by Yves Smith 12:05 am

April 12, 2009

• China Cuts Purchases of Treasuries and Foreign Bonds
  by Yves Smith 11:02 pm

• Guest Post: Are Pensions a Waste of Money?
  by Leo Kolivakis 9:35 pm

• Links Easter
  by Yves Smith 2:41 am

April 11, 2009

• Guest Post: The Imminent Disinformation Schism
  by Tyler Durden 11:51 pm

• Links 4/11/09
  by Yves Smith 1:54 am

• Are Bankruptcy Laws Too Tough?
  by Yves Smith 1:46 am

• Guest Post: Are Pensions a Girl’s Best Friend?
  by Leo Kolivakis 12:31 am

• Banks Whining Over TARP Repayment Terms
  by Yves Smith 12:27 am

April 10, 2009

• Links Good Friday
  by Yves Smith 2:45 am

April 9, 2009

• Socialism Gaining Ground in America
  by Yves Smith 11:51 pm

• Guest Post: Pensions Facing a Cash Flow Collapse?
  by Leo Kolivakis 6:19 am

• Links 4/9/09
  by Yves Smith 2:28 am

• Quelle Surprise! Bank Stress Tests Producing Expected Results!
  by Yves Smith 12:14 am

April 8, 2009

• A Comment on Comments
  by Yves Smith 11:00 pm

• Guest Post: 3/5ths of Oversight Panel Favor Japanese Solution
  by Rolfe Winkler 9:34 pm

• Links 4/8/09
  by Yves Smith 1:45 am

• Willem Buiter: "Non-Negligible" Risk of Default by US and UK
  by Yves Smith 1:09 am

April 7, 2009

• Some Life Insurers Will Get Bailouts Too
  by Yves Smith 9:41 pm

• Guest Post: Checkmate for Pensions?
  by Leo Kolivakis 9:13 pm

• Harvard, Princeton Economists Say No Fire Sale Prices, Premise of Public-Private Partnership Wrong
  by Yves Smith 3:32 pm

• Moody’s Assigns Negative Outlook to US Local Governments
  by Yves Smith 2:18 pm

• Links 4/7/09
  by Yves Smith 12:36 am

• World Economy Falling Faster Than in 1929-1930
  by Yves Smith 12:26 am

• Guest Post: Have Pensions Learned From Market Disaster?
  by Leo Kolivakis 12:01 am

April 6, 2009

• Adam Smith Warned Against Subprime Lending
  by Yves Smith 10:20 pm

• April 11: "A New Way Forward" Protests Against Too Big to Fail Banking
  by Yves Smith 10:02 pm

• Deutsche Analyst: High Yield Defaults to Reach 53% Over Next Five Years
  by Yves Smith 2:21 pm

• Guest Post: FDIC’s Insurance Commitments 34% Higher Than Reported
  by Rolfe Winkler 5:30 am

• Links 4/6/09
  by Yves Smith 1:20 am

• Are Competitive Devaluations Starting?
  by Yves Smith 12:06 am

April 5, 2009

• Congressional Oversight Panel to Call for Wiping Out Shareholders, Ouster of Top Brass at TARP Recipients
  by Yves Smith 11:05 pm

• Guest Post: Wall Street Back To Its Criminal Ways?
  by Tyler Durden 10:39 am

• Links 4/5/09
  by Yves Smith 2:30 am

• Some Musings on Financial Innovation
  by Yves Smith 2:13 am

April 4, 2009

• Mortgage Mod Failure Rates Rising
  by Yves Smith 11:39 pm

• Must See: "Samsung Extreme Sheep LED Art"
  by Yves Smith 6:10 pm

• Reader Notice (and Apology of Sorts)
  by Yves Smith 6:04 pm

• Guest Post: Should We Abolish Bonuses?
  by Leo Kolivakis 1:33 pm

• Link 4/4/09
  by Yves Smith 2:22 am

April 3, 2009

• Administration Seeking to Circumvent Restrictions Imposed on Bailout Recipients
  by Yves Smith 11:56 pm

• Guest Post: Non-Farm Payrolls Report: Revisio ad Absurdum
  by Jesse 4:15 pm

• Guest post: Employment situation report paints grim picture
  by Edward Harrison 10:08 am

• Guest Post: Ontario Teachers’ Crashes and Burns in 2008
  by Leo Kolivakis 7:09 am

• Links 4/3/09
  by Yves Smith 2:11 am

• Treasury Trying to Defend Bank Gaming of Public-Private Partnership
  by Yves Smith 1:03 am

April 2, 2009

• Guest Post: FHLB Chairman Disgusted With FASB Accounting Alchemy, Quits
  by Tyler Durden 10:47 pm

• Hedge Fund Bridgewater Says No to Public Private Partnership Program
  by Yves Smith 7:19 pm

• Guest post: Are jobless claims peaking?
  by Edward Harrison 9:36 am

• Guest Post: Pensions Face Severe, Synchronized Downturn
  by Leo Kolivakis 6:20 am

• Links 4/2/09
  by Yves Smith 2:46 am

• Japanese Expert Criticizes US Wishful Thinking on Economic Crisis
  by Yves Smith 2:16 am

April 1, 2009

• China Out to Dominate in Electric Cars (and Why Not GM)
  by Yves Smith 11:50 pm

• Links April Fool’s Day
  by Yves Smith 2:40 am

• Guest Post: Viva La Vida G20?
  by Leo Kolivakis 12:14 am