Monthly Archives: June 2010

June 30, 2010

• Links 6/30/10
  by Yves Smith 6:02 am

• Time to Investigate Blankfein and Paulson (More AIG Shenanigans Edition)
  by Yves Smith 4:30 am

• Bank Stress, ECB Liquidity Withdrawal Efforts, Deflation Fears Rattle Markets
  by Yves Smith 2:26 am

June 29, 2010

• Banks Face $5 Trillion Rollover by 2012
  by Yves Smith 11:47 pm

• Deutsche Bank, Commerzbank Rumored to Pass Meaningless Stress Test
  by Yves Smith 3:40 pm

• Links 6/29/10
  by Yves Smith 3:59 am

• Richard Smith: Did We Wind Up With Any Reform of the Shadow Banking System?
  by Yves Smith 2:40 am

• Will the Push for Short Sales Lead to Deeper Principal Mods?
  by Yves Smith 1:37 am

June 28, 2010

• Whitney, Ritholtz Issue Bearish Calls on Housing Market
  by Yves Smith 11:26 pm

• Links 6/28/10
  by Yves Smith 4:15 am

• Parenteau: Marching to Austeria* and Other Neolib Fibs
  by Yves Smith 3:38 am

• More on the Coming European Bank Stress Test Fiasco
  by Yves Smith 3:27 am

June 27, 2010

• Concerns About BP Relief Well Success Rise Along With Evidence of Chemical Damage, Spread of Oil
  by Yves Smith 8:24 pm

• Corporate Default Expectations Rise, Emerging Market Spreads Widening
  by Yves Smith 7:22 pm

• Links 6/27/10
  by Yves Smith 4:31 am

• On Fannie’s Escalating Threats Against “Strategic Defaulters”
  by Yves Smith 3:43 am

• Deficit Doves, the Gift that Keeps on Giving
  by Yves Smith 12:20 am

June 26, 2010

• Links 6/26/10
  by Yves Smith 5:50 am

• Gonzalo Lira: A Thought Experiment – Iran
  by Yves Smith 4:43 am

• Misnamed Financial Services “Reform” Bill Passes, Systemic Risk is Alive and Well
  by Yves Smith 4:29 am

• BP: Gulf Resident Gives Behind the Scenes Account, Slams Cleanup and Safety
  by Yves Smith 1:42 am

June 25, 2010

• Links 6/25/10
  by Yves Smith 5:23 am

• Tom Adams: Face to Face With Polished Wall Street Psychopathy (SEC Says that ICP Stole from My Old Company Edition)
  by Yves Smith 4:01 am

• Mirabile Dictu: $19 Billion Fee Added to Financial Reform Bill (Updated)
  by Yves Smith 2:07 am

• More on China’s Renminbi Headfake
  by Yves Smith 1:37 am

June 24, 2010

• Mike Konczal: Underwater and the Strategic Default PR Campaign: What we got when we didn’t get cramdown
  by Yves Smith 3:50 pm

• Links 6/24/10
  by Yves Smith 4:03 am

• US Ranks Worst of Seven Countries on Health Care System
  by Yves Smith 3:44 am

• The Buyers’ Strike in the Securitization Markets
  by Yves Smith 2:54 am

June 23, 2010

• Worst Home Sales Numbers Ever
  by Yves Smith 3:17 pm

• Links 6/23/10
  by Yves Smith 3:58 am

• Will Planned Bank Taxes Go Far Enough?
  by Yves Smith 3:14 am

• Geithner Yet Again Misrepresents TARP “Performance”
  by Yves Smith 1:18 am

June 22, 2010

• Gonzalo Lira: Is the U.S. a Fascist Police-State?
  by Yves Smith 6:38 pm

• Links 6/22/10
  by Yves Smith 4:52 am

• Afghanistan: Pentagon Payments to Warlords Undermine Central Government
  by Yves Smith 2:42 am

• Guest Post: Experts Say BP Lowballing Size of Leaking Oil Reservoir
  by George Washington 2:32 am

• Guest Post: The Second Energy Revolution
  by Yves Smith 1:18 am

• Mirabile Dictu! The Fed Criticizes Wall Street Pay Practices
  by Yves Smith 12:02 am

• George Magnus on China’s Renminbi Move
  by Yves Smith 12:01 am

June 21, 2010

• Links Summer Solstice
  by Yves Smith 6:39 am

• Eurobank “Stress Test” Disclosure Likely to Increase Jitters
  by Yves Smith 5:37 am

• Why is No One Willing to Say Wall Street is Overpaid?
  by Yves Smith 2:50 am

• Guest Post: Oil Coating Seafloor and Killing Fish, Crabs … and the American Dream
  by George Washington 12:52 am

• Alford: Structural Remedies Necessary to Tame Global Imbalances
  by Yves Smith 12:30 am

June 20, 2010

• Links 6/20/10
  by Yves Smith 4:00 am

• China’s Renminbi Announcement: A Big Headfake
  by Yves Smith 2:13 am

• Countries That Support US in Afghanistan Get Preferred Access to Minerals (Updated)
  by Yves Smith 2:09 am

June 19, 2010

• Links 6/19/10
  by Yves Smith 6:18 am

• On the Curious and Misguided Defenses of BP
  by Yves Smith 3:41 am

• The New Republic Lays on Hot and Heavy JP Morgan PR
  by Yves Smith 3:30 am

• SEC Investigates Magnetar, Sponsor of CDO Program That Pumped Up the Subprime Bubble
  by Yves Smith 3:29 am

June 18, 2010

• Links 6/18/10
  by Yves Smith 5:34 am

June 17, 2010

• Glenn Stehle: BP’s Hayward Before the House Committee on Energy and Commerce
  by Yves Smith 9:07 pm

• White House Opposing Key Measure in Shareholder v. Bank Executive Pay Reform Fight
  by Yves Smith 9:00 pm

• Rachel Maddow Rewrites Obama’s Oval Office Address on BP
  by Yves Smith 3:45 pm

• “Death of an Economic Paradigm”
  by Yves Smith 11:55 am

• Links 6/17/10
  by Yves Smith 6:05 am

• Spain is About to Make Trouble for German and French Banks
  by Yves Smith 5:14 am

• More Calls of Alarm About Eurozone Austerity
  by Yves Smith 3:09 am

June 16, 2010

• BP to Create $20 Billion Fund for Leak Damage
  by Yves Smith 3:55 pm

• Gonzalo Lira: What do BP and the Banks Have In Common? The Era of Corporate Anarchy
  by Yves Smith 2:10 pm

• Links 6/16/10
  by Yves Smith 5:39 am

• We Discuss the Double Dip Thesis and BP on BNN
  by Yves Smith 4:23 am

• Banks Getting Worried About Rising Challenges to Foreclosures?
  by Yves Smith 3:49 am

• Bank of England To Be Able to Restrict Mortgage Lending
  by Yves Smith 2:09 am

• Martin Wolf: Austerity is Risky Business
  by Yves Smith 1:11 am

June 15, 2010

• BP: Official Estimate of Leak Now 35-60K Barrels/Day; Negotiations Over Dividend Escrow Stall
  by Yves Smith 7:27 pm

• Links 6/15/10
  by Yves Smith 5:51 am

• Double Dip Recession Talk Bustin’ Out All Over
  by Yves Smith 5:11 am

• AXA: Eurozone Breakup a Real Possibility
  by Yves Smith 4:37 am

• Satyajit Das: Nowhere to Run, Nowhere to Hide
  by Yves Smith 4:30 am

June 14, 2010

• On BP: “Very Difficult, If Not Impossible” to Firewall US Businesses
  by Yves Smith 11:45 pm

• BP: House Energy and Commerce Committee Chairmen Send Damning Letter to Hayward
  by Yves Smith 7:22 pm

• Links 6/14/10
  by Yves Smith 4:47 am

• US/China Rhetoric Escalates Over Rise in Chinese Exports
  by Yves Smith 4:17 am

• Jail for Unpaid Debt a Reality in Six States (Strategic Default Pushback Watch)
  by Yves Smith 3:20 am

• Does This Mean We Never Leave? $1 Trillon Mineral Find in Afghanistan
  by Yves Smith 12:09 am

• Satyajit Das: The Year of Wishful Thinking
  by Yves Smith 12:01 am

June 13, 2010

• Links 6/13/10
  by Yves Smith 4:36 am

• Guest Post: Liberals and Libertarians Need Each Other
  by Yves Smith 3:50 am

• Borrowers Who Are Bad at Math More Likely to Go Into Foreclosure
  by Yves Smith 3:45 am

June 12, 2010

• Guest Post: BP Official Admits to Damage BENEATH THE SEA FLOOR
  by George Washington 10:27 pm

• BP Given 48 Hours to Step Up Recovery Efforts
  by Yves Smith 7:53 pm

• Links 6/11/10
  by Yves Smith 5:25 am

• PR Push Against Strategic Defaulters Underway (Is There a Debtors’ Prison in Your Future?)
  by Yves Smith 4:39 am

• BP Shows Belly, Says Willing to Cut Dividend, So What Will Obama Do?
  by Yves Smith 2:15 am

June 11, 2010

• Links 6/11/10
  by Yves Smith 5:52 am

• BP: Is Team Obama Pushing for a Full Externalities Precedent?
  by Yves Smith 5:05 am

• New York Times Runs Yet Another Banking Industry Propaganda Piece
  by Yves Smith 3:18 am

June 10, 2010

• Video of Border Shooting of 15 Year Old Disproves “Self Defense”
  by Yves Smith 7:21 pm

• Pete Peterson Has Won: Americans Rate Federal Debt as Top Threat
  by Yves Smith 5:08 pm

• Goldman: No SEC Settlement Imminent
  by Yves Smith 4:06 pm

• Links 6/10/10
  by Yves Smith 6:17 am

• Rising Global Imbalances Likely to Precipitate New Crises
  by Yves Smith 5:50 am

• SEC Investigation of Goldman Trading Against Its Clients Widens
  by Yves Smith 3:38 am

June 9, 2010

• Auerback: The United Kingdom Draws the Wrong Lessons from Canada
  by Yves Smith 11:29 pm

• RealtyTrac: Most Foreclosures Have Positive Equity
  by Yves Smith 7:23 pm

• Links 6/9/10
  by Yves Smith 5:08 am

• Guest Post: Predatory Pharma – An End to Too Big to Nail?
  by Yves Smith 3:50 am

• Martin Wolf on the Dangers of Austerity
  by Yves Smith 3:26 am

• Another Wee Poke at China Over Steel Exports
  by Yves Smith 2:27 am

June 8, 2010

• Links 6/8/10
  by Yves Smith 7:06 am

• Chinese Labor Markets Tight Since Last Year
  by Yves Smith 6:22 am

• Satyajit Das: Even More Crunch-Porn and Crash Lit
  by Yves Smith 3:59 am

• “Green Consumerism” Largely a Myth
  by Yves Smith 3:28 am

June 7, 2010

• Guest Post: The Bigger Picture Behind Allegation that the Bush Administration Allowed Illegal Medical Experiments on Prisoners
  by George Washington 6:46 pm

• The cardio diet of deficit reduction – a modern tale
  by Edward Harrison 3:02 pm

• FCIC Subpoenas Goldman (Update: Details on Firm’s Intransigence)
  by Yves Smith 12:57 pm

• Links 6/7/10
  by Yves Smith 3:17 am

• A Short Report from the Gulf Coast (Updated)
  by Yves Smith 12:47 am

June 6, 2010

• Geithner at G20 Warns of Imminent Beggar Thy Neighbor Currency Policies
  by Yves Smith 6:55 pm

• Links 6/6/10
  by Yves Smith 7:05 am

• On BP’s Many Forms of Less Than Artful Dodging
  by Yves Smith 5:37 am

• On the Maybe Not So Slow Motion European Train Wreck
  by Yves Smith 4:38 am

• Has Much Changed on Wall Street Since the Roaring (and Ripoffsky) Twenties?
  by Yves Smith 3:07 am

June 5, 2010

• Links 6/5/10
  by Yves Smith 11:46 am

June 4, 2010

• Links and Quick Takes 6/4/10
  by Yves Smith 6:35 am

• CBO Issues Fed-Flattering Propaganda
  by Yves Smith 6:04 am

• WTF Alert: BP CEO is a Mere PR Problem?
  by Yves Smith 5:52 am

• Weigh In on Pending Proposal to End Garnishment of Benefits
  by Yves Smith 1:56 am

June 3, 2010

• Models Show Gulf Oil May Reach US East Coast This Summer
  by Yves Smith 8:23 pm

• Links 6/3/10
  by Yves Smith 5:15 am

• BP Admits to Being “Not Prepared” (“Low Odds” Fallacy Edition)
  by Yves Smith 3:39 am

• The Continuing Mystery of the Lehman Black Hole
  by Yves Smith 2:44 am

June 2, 2010

• Links 6/2/10
  by Yves Smith 6:40 am

• Why is Washington Dithering with Unemployment High?
  by Yves Smith 3:45 am

• Steve Rattner, Auto Bailout Advisor, in SEC Crosshairs
  by Yves Smith 1:21 am

June 1, 2010

• Links 6/1/10
  by Yves Smith 2:16 am

• Guest Post: Default, Please
  by Yves Smith 2:07 am

• Chinese Monetary Official: Housing Risk Greater Than in US, UK Pre-Crisis
  by Yves Smith 12:04 am