Monthly Archives: July 2009

July 31, 2009

• US GDP comes in at minus 1%
  by Edward Harrison 8:29 am

• Guest Post: A Closer Look at PSP’s FY 2009 Results
  by Leo Kolivakis 6:40 am

• Links 7/31/09
  by Yves Smith 3:39 am

• Guest Post: Congressional Hearings, the New American Kabuki
  by Lune 12:50 am

July 30, 2009

• Guest Post: Wooing the Big One?
  by Leo Kolivakis 6:52 am

• Links 7/30/09
  by Yves Smith 3:35 am

• TARP Index is Down $148 Billion
  by Yves Smith 2:26 am

• Unemployment, Not Bubble Unwind, Starting to Dominate Foreclosure Activity
  by Yves Smith 2:05 am

July 29, 2009

• Guest Post: Good News For Hedge Funds?
  by Leo Kolivakis 7:06 am

• Links 7/29/09
  by Yves Smith 3:28 am

• SEC Taking More Aggressive Stance on CEO Clawbacks
  by Yves Smith 3:13 am

July 28, 2009

• Guest Post: Janet Yellen Channels Ronald Reagan
  by Jesse 1:21 pm

• China: Buildings to Nowhere Looking Increasingly Shaky
  by Yves Smith 12:11 pm

• Guest Post: Pension Poverty?
  by Leo Kolivakis 6:05 am

• Links 7/28/09
  by Yves Smith 2:46 am

• Guest Post: Is the Problem the Models or the Modelers?
  by Yves Smith 12:07 am

July 27, 2009

• Book Countdown: 3/2/10!
  by Yves Smith 5:27 am

• Links 7/27/09
  by Yves Smith 5:15 am

• On The Sanctity of Wall Street Pay
  by Yves Smith 4:59 am

• Iceland Proves That in a Financial Crisis, Breaking Glass and Trashing Currency is a Good Remedy
  by Yves Smith 1:21 am

July 26, 2009

• Did Federal Reserve Remove Some Embarrassing Bernanke Testimony?
  by Yves Smith 11:47 pm

• Link 7/26/09
  by Yves Smith 3:53 am

• Guest Post: On Archetypal Financial Crisis Plot Lines
  by Yves Smith 3:41 am

July 25, 2009

• LInks 7/25/09
  by Yves Smith 3:38 am

• Citi Trader, Who Made $100 Million Last Year, Insists on Keeping His Deal in Place
  by Yves Smith 2:22 am

July 24, 2009

• Guest Post: New York Fed Would LIke to Hear from Investors (But Not Anyone Like You)
  by Jesse 2:57 pm

• Spain: Bleak forecast puts unemployment at 22% in 2010
  by Edward Harrison 8:32 am

• Links 7/24/09
  by Yves Smith 3:44 am

• Guest Post: PSP Investments Loses 23% in FY 2009
  by Leo Kolivakis 1:16 am

July 23, 2009

• Guest Post: Linda Beale on What Went Wrong With Economics
  by Yves Smith 9:29 pm

• Guest Post: Representative Alan Grayson on His Questions to Bernanke Over Dollar Swap Lines
  by Yves Smith 1:05 pm

• Links 7/23/09 Plus Reader Notice
  by Yves Smith 5:19 am

• "Does Securitization Affect Loan Modifications?"
  by Yves Smith 4:58 am

• Guest Post: Are Pension Freezes Effective?
  by Leo Kolivakis 12:50 am

July 22, 2009

• Germans must get their head out of sand on banks
  by Edward Harrison 7:33 pm

• Links 7/22/09
  by Yves Smith 2:54 am

• Guest Post: California’s $100 Billion Whooping
  by Leo Kolivakis 2:27 am

July 21, 2009

• S&P Shoots Self and Investors in the Foot With One Week Ratings Round Trip
  by Yves Smith 11:12 pm

• Guest Post: The Fed’s Currency Swaps
  by Jesse 9:09 pm

• Bernanke outlines Fed’s easy money exit strategy
  by Edward Harrison 6:52 pm

• Alan Grayson: "Where is the half a trillion dollars the Federal Reserve lent to foreigners?"
  by Yves Smith 1:47 pm

• Odd Mortgage Refinancing Sighting
  by Yves Smith 1:27 pm

• Links 7/21/09
  by Yves Smith 3:14 am

• Guest Post: California’s IOUs Offer a Way Out of Its Fiscal Crisis
  by Yves Smith 2:50 am

• Mirabile Dictu! WSJ Points Out the Rich Getting Richer is Bad for Social Security
  by Yves Smith 2:37 am

• Guest Post: Who Spiked the Pension?
  by Leo Kolivakis 1:46 am

July 20, 2009

• Denninger Savages WaPo Defense of Goldman
  by Yves Smith 11:32 am

• Guest Post: PBGC Takes Over Nortel’s Pension Plan
  by Leo Kolivakis 8:31 am

• Links 7/20/09
  by Yves Smith 1:39 am

• Quelle Surprise! The Fed is Reporting Losses on Its Bear Stearns and AIG SPVs
  by Yves Smith 12:36 am

July 19, 2009

• CIT Makes Tentative Deal With Bondholders to Avert Bankruptcy
  by Yves Smith 8:38 pm

• Guest Post: Richard Alford on Target Fixation and the Fed as Systemic Regulator
  by Yves Smith 4:08 am

• Guest Post: Review of Ferdinand Pecora’s "Wall Street Under Oath"
  by Yves Smith 3:52 am

• LInks 7/19/09
  by Yves Smith 3:20 am

July 18, 2009

• Ambrose Evans-Pritchard Says End of the Financial World is Nigh
  by Yves Smith 8:05 pm

• Links 7/18/09
  by Yves Smith 3:43 am

• On the Unwillingness of Economists to Recant, Even in the Face of Evidence
  by Yves Smith 3:01 am

July 17, 2009

• CNBC denies culpability in Roubini as bull saga
  by Edward Harrison 8:59 am

• Links 7/17/09
  by Yves Smith 2:07 am

• Satyajit Das Weighs in on OTC Derivatives Proposals and Finds Them Wanting
  by Yves Smith 1:36 am

• Guest Post: Pledging Commercial Real Estate as Pension Contributions?
  by Leo Kolivakis 12:46 am

July 16, 2009

• Roubini Denies He Said "Recession Will Be Over This Year," Despite Bullish Media Reports Otherwise
  by Yves Smith 4:33 pm

• Links 7/16/09
  by Yves Smith 3:46 am

• Guest Post: Is CalPERS Passing the Buck?
  by Leo Kolivakis 3:17 am

• "Orwellian accounting cannot damp economic cycles"
  by Yves Smith 2:50 am

• Bank of America Sent to the Woodshed, Big Time (And Citi Going There Too)
  by Yves Smith 12:24 am

July 15, 2009

• Wells sells $600 million in distressed assets at 35 cents on dollar
  by Edward Harrison 9:19 am

• Guest Post: The Elephant in the Room?
  by Leo Kolivakis 4:29 am

• Links 7/15/09
  by Yves Smith 4:15 am

• Bair and Bernanke Back Size Disincentives For Banks
  by Yves Smith 3:23 am

• Is a Value Added Tax in Your Future?
  by Yves Smith 2:50 am

July 14, 2009

• Guest Post: Anticipating Financial Instability – High Time for a Coherent Macroeconomics
  by MacroStrategy Edge 10:29 am

• Guest Post: Chooching Pension Funds?
  by Leo Kolivakis 4:18 am

• Links 7/14/09
  by Yves Smith 3:47 am

• Taleb (and Spitznagel) Call for Large-Scale Debt to Equity
  by Yves Smith 1:29 am

• A Bit of Goldman Schadenfreude
  by Yves Smith 1:09 am

• Did Markit’s Owners Trade CDS on Advance Access to Information?
  by Yves Smith 12:42 am

July 13, 2009

• Reader Notice
  by Yves Smith 11:29 pm

• Is Meredith Whitney bullish now?
  by Edward Harrison 11:13 am

• How globalisation led to universal banking in America
  by Edward Harrison 9:00 am

• Guest Post: Another Comment on Bonuses and Benchmarks
  by Leo Kolivakis 4:22 am

• Links 7/13/09
  by Yves Smith 3:54 am

• A Grim Outlook for the Eurozone?
  by Yves Smith 3:11 am

July 12, 2009

• Guest Post: There Will Be No Recovery
  by Jesse 11:45 am

• Links 7/12/09
  by Yves Smith 3:44 am

• Guest Post: Review of Barry Ritholtz’s "Bailout Nation"
  by Yves Smith 2:43 am

• "The Fed Under Fire"
  by Yves Smith 2:35 am

July 11, 2009

• Links 7/11/09
  by Yves Smith 2:18 am

• Geithner to Scold Mortgage Servicers Later This Month
  by Yves Smith 1:31 am

• White House Sorta, Kinda Thinkin’ ‘Bout Using TARP Money for Small Business Loans as Small Business Lenders Go Bust
  by Yves Smith 12:28 am

• Dodd, Frank Do 180 Degree Turn on Mark to Market
  by Yves Smith 12:20 am

July 10, 2009

• Bloomberg is coming down hard on Goldman
  by Edward Harrison 8:44 am

• Guest Post: Jersey’s Jitters: An Omen For Public Plans?
  by Leo Kolivakis 3:13 am

• Links 7/10/09
  by Yves Smith 2:38 am

• So Where, Exactly, Did Lehman’s $130 Billion Go?
  by Yves Smith 2:02 am

• Chinese Money Growth Producing Mixed Signals, Limited Real Economy Results
  by Yves Smith 12:56 am

July 9, 2009

• Banks Get a Break, Buy TARP Warrants Back on the Cheap
  by Yves Smith 11:17 pm

• Citigroup: AIG Equity May Be Worth Zero
  by Yves Smith 11:42 am

• More on why big capital markets players are unmanageable
  by Edward Harrison 10:13 am

• Nationwide brings back 125% LTV mortgages
  by Edward Harrison 6:43 am

• Guest Post: Big Blue’s Pension Blues Spreading?
  by Leo Kolivakis 4:21 am

• Links 7/9/09
  by Yves Smith 2:29 am

July 8, 2009

• Subprime Foreclosure Woes: More on Securitization Creating Bad Incentives
  by Yves Smith 11:40 pm

• Financial Alchemy at Morgan Stanley: Greywolf A3 CDOs now Aaa bonds
  by Edward Harrison 2:01 pm

• Links 7/8/09
  by Yves Smith 4:43 am

• Why Big Capital Markets Players Are Unmanageable
  by Yves Smith 4:04 am

• Guest Post: Pensions Thriller?
  by Leo Kolivakis 3:39 am

• Trade Update: Container Shipping "A Black Hole of Losses"
  by Yves Smith 1:42 am

• Google to Launch PC Operating System
  by Yves Smith 1:20 am

July 7, 2009

• Reality Intrusion
  by MacroStrategy Edge 1:19 pm

• Does the US need a second stimulus package?
  by Edward Harrison 9:41 am

• Links 7/7/09
  by Yves Smith 1:51 am

• SIV, RIP
  by Yves Smith 12:23 am

July 6, 2009

• Verlerger on Oil Glut: "There has never been anything like it"
  by Yves Smith 11:05 pm

• America’s Fiscal Train Wreck
  by Edward Harrison 9:06 am

• Links 7/6/09
  by Yves Smith 1:53 am

• Goldman, Barclays Using Newfangled CDOs to Offload Bad Bank Assets
  by Yves Smith 12:26 am

July 5, 2009

• Judge Approves Sale of GM Assets
  by Yves Smith 11:22 pm

• More Puzzling Over Crisis Mechanisms
  by Yves Smith 11:32 am

• Sweden: negative interest rates and quantitative easing
  by Edward Harrison 6:49 am

• Guest Post: Review of Pablo Triana’s "Lecturing Birds on Flying"
  by Yves Smith 1:42 am

July 4, 2009

• Links 7/5/09
  by Yves Smith 11:58 pm

• Make Sure You Get This One Right
  by Edward Harrison 8:06 pm

• Links Fourth of July
  by Yves Smith 2:39 am

• "Quantitative easing, credit easing and enhanced credit support aren’t working; here’s why"
  by Yves Smith 2:35 am

• Questioning a Bit of Michael Lewis’ AIG Story
  by Yves Smith 12:57 am

July 3, 2009

• WaPo cancels paid White House-Congress-lobbyist hook up
  by Edward Harrison 6:41 am

• Links 7/3/09
  by Yves Smith 2:35 am

• Willem Buiter: "Why Zombie Banks Will Need More Money"
  by Yves Smith 2:01 am

• More Book Review Candidates….
  by Yves Smith 1:23 am

• Even More Sobering Unemployment Readings
  by Yves Smith 12:04 am

July 2, 2009

• Is the new affordable FHFA loan program predatory lending?
  by Edward Harrison 3:11 pm

• Links 7/2/09
  by Yves Smith 1:33 am

• Bloomberg Misses Real Story on Latest Official Chinese Comments on Dollar
  by Yves Smith 12:13 am

July 1, 2009

• Guest Post: Did You Say Dance?
  by Leo Kolivakis 6:02 pm

• Freddie, Fannie to Provide 125% LTV Mortgages, Worse Than Extremes of Subprime Frenzy
  by Yves Smith 3:01 pm

• S.F. Fed chief Yellen tells inflationistas to pipe down
  by Edward Harrison 7:55 am

• Links 7/1/09
  by Yves Smith 1:22 am