January 2012
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“Although Euro area member states “will explore the options” to keep the...”
– Jacques Caillou, chief economist at RBS, quoted by Paul Murphy in FT Alphaville » RBS on those S&P downgrades
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“There are additional technical arguments that would favour more cautious IMF...”
– Wolfgang Münchau in IMF should stay out of the eurozone crisis - FT.com
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“The International Monetary Fund insists any deal must ensure Greece’s debt...”
– Greece needs sustainable debt by 2020: German finance minister - Yahoo! Finance
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“Specifically, the Oliver Wyman study assumes that every dollar disallowed in...”
– Simon Johnson in Should We Trust Paid Experts On The Volcker Rule? « The Baseline Scenario
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“Implementation of the Basel III capital rules with regard to banks with...”
– Alex Barker and Brooke Masters in Paris and Berlin seek to dilute bank rules - FT.com
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“Considering that the eurozone is economically unconstrained, and among the...”
– Wolfgang Münchau in IMF should stay out of the eurozone crisis - FT.com
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“The upcoming [European Stability Mechanism] will however also face a difficult...”
– Jacques Caillou, chief economist at RBS, quoted by Paul Murphy in FT Alphaville » RBS on those S&P downgrades
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“What’s most infuriating to me about all this is that Apple had an opportunity to...”
– Ed Bott in How Apple is sabotaging an open standard for digital books | ZDNet
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“Apple, in this EULA, is claiming a right not just to its software, but to its...”
– Dan Wineman in The Unprecedented Audacity of the iBooks Author EULA
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“There’s a paradox to economic policy. The more it succeeds at prolonging...”
– Robert J. Samuelson in Why the Federal Reserve slept before the housing crisis - The Washington Post
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The next SOPA →
The MPAA studios hate us. They hate us with region locks and unskippable screens and encryption and criminalization of fair use. They see us as stupid eyeballs with wallets, and they are entitled to a constant stream of our money. They despise us, and they certainly don’t respect us.
Yet when we watch their movies, we support them.
Even if we don’t watch their movies in a theater or buy their...
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“To those who say that our expenditures for Public Works and other means for...”
– FDR (via azspot)
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“Hollywood wants to take the law into their own hands — they had our...”
– Clay Shirky (via azspot)
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“Buffett’s sin is that he spoke a truth that [right-wingers] want to keep covered...”
– Why [right-wingers] hate Warren Buffett (via ryking)
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“Is it really as dire as all that? It’s an emergency is it? Tim [O’Reilly]...”
– Jonathan Coulton
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“A second characteristic for complexity in economics, and finance in particular,...”
– Rick Bookstaber in Human Complexity and the Strategic Games of Uncertainty
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“No Mr Gruebel: there will always be criminals, there will always be people who...”
– John Hempton in Bronte Capital: Some comments on the UBS Rogue Trader
“The amount of money the central bank parceled out was surprising even to Gary H....”
– Bob Ivry, Bradley Keoun and Phil Kuntz in Secret Fed Loans Gave Banks Undisclosed $13B - Bloomberg
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“Although Euro area member states “will explore the options” to keep the...”
– Jacques Caillou, chief economist at RBS, quoted by Paul Murphy in FT Alphaville » RBS on those S&P downgrades
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“Democracies suffer not only from their slow reaction time at moments of crisis,...”
– Dominique Moïsi, on the difficulties for democracies to respond to crises. (via europeanvoice)
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“To sum up, throughout this European debt and banking crisis, Eurozone leaders...”
– Morris Goldstein in Stop coddling Europe’s banks | vox - Research-based policy analysis and commentary from leading economists
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“Only theoclassical economists could call the failure of our most elite firms...”
– Bill Black in New Economic Perspectives: Greenspan’s Laissez Fairy Tale
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“Not too long ago, I asked Nobel Prize laureate Joseph Stiglitz how many...”
– Lynn Parramore in Mr. Davidson’s Planet: NPR/NYT Guru Adam Davidson’s Discredited Economic Principles | Economy | AlterNet
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“We fear we could lose up to $5 billion … We hope the worst won’t...”
– Jamie Dimon, JPMorgan Chase & Co Chief Executive, quoted by Stephen Jewkes in JPMorgan could lose $5 billion from PIIGS exposure: report | Reuters
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“The stumbling block in the negotiations was the low coupon, or interest payment,...”
– Dina Kyriakou in Debt talks falter, Greeks warn of disaster | Reuters
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“The ability of an agency to set forth clear rules and obtain speedy relief for...”
– Mark Perry, a lawyer for the CEOs, quoted by Jonathan Stempel in CEOs urge court to throw out SEC-Citigroup ruling | Reuters
“The upcoming [European Stability Mechanism] will however also face a difficult...”
– Jacques Caillou, chief economist at RBS, quoted by Paul Murphy in FT Alphaville » RBS on those S&P downgrades
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“While it’s premature to claim that the ECB’s new liquidity measures have...”
– Nicholas Spiro, managing director of Spiro Sovereign Strategy in London, quoted by Jeff Black and Jana Randow in Draghi Says Debt-Crisis Strategy Is Working as ECB Postpones ‘Armageddon’ - Bloomberg
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“One can almost understand a regulator not wanting to take on the whole circular...”
– Everything You Need to Know About Wall Street, in One Brief Tale | Matt Taibbi | Rolling Stone
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“But there’s a deeper problem in the whole notion that what this nation needs is...”
– Paul Krugman in America Isn’t a Corporation - NYTimes.com
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“And this is a big part of the problem that we’re talking about. Thanks to...”
– Mike Masnick in Lamar Smith Caught Infringing On Photographer’s Copyright | Techdirt
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“In the past 3 years, about 4.8m people have disappeared from the labour force...”
– America’s incredible shrinking labour force | Gavyn Davies | Insight into macroeconomics and the financial markets from the Financial Times – FT.com
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“In summary, economists elevate their failure (to come to terms with strategic...”
– Complexity Fetishism, the Euro Crisis and a worthy challenge for 2012: Part A « Yanis Varoufakis
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“Bloomberg reports that US money market funds reduced their lending to French...”
– Kiron Sarkar in And then there were 4 | The Big Picture
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“So in essence, Verschleiser was triple-dipping. First he was selling worthless...”
– Everything You Need to Know About Wall Street, in One Brief Tale | Matt Taibbi | Rolling Stone
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“Maddie has a job, I learned, because of some simple math. A machine could easily...”
– Adam Davidson in The Transformation Of American Factory Jobs, In One Company : Planet Money : NPR
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“Basically, Citi is getting a big advantage from you making half your mortgage...”
– Bank charge of the day, mortgage-payment edition | Felix Salmon
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“Now, the global economy’s appetite for more debt, which is already well over and...”
– Greg Canavan, quoted by Izabella Kaminska in FT Alphaville » The Gross paranormal, a.k.a the time depreciation of money
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“FITCH downgraded Hungary’s credit rating to junk status yesterday, citing...”
– Pablo Gorondi in Hungary is downgraded to junk by Fitch - European, Business - Independent.ie
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“This will certainly go down as one of the largest losses in terms of dollars and...”
– Bradley Alford, chief investment officer at Alpha Capital Management, quoted by Katya Wachtel and Svea Herbst in Paulson’s Advantage Plus Fund cut in half in 2011 | Reuters
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“In Europe in the past few weeks, almost €500 billion has been deposited at the...”
– John Mauldin in 2012: A Year of Choices | The Big Picture
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“If you are going to allow banks to skate around the integrity of the system,...”
– Nevada Attorney General Catherine Cortez Mazto, quoted by Grechen Morgenson in Mortgage Servicing Horror Stories - Fair Game - NYTimes.com
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“Too many of the practices in the mortgage servicing industry have been developed...”
– Federal Reserve Board Governor Sarah Bloom Raskin in FRB: Speech—Raskin, Creating and Implementing an Enforcement Response to the Foreclosure Crisis—January 7, 2012
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“Spain’s jobless rate jumped to almost 23% in November, when the rate for...”
– Philip Inman in Eurozone strains increase with grim new economic data | Business | The Guardian
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“L.P.S. played a critical role in the deceptive foreclosure practices that have...”
– Excerpt from the complaint filed by Nevada Attorney General Catherine Cortez Mazto against Lender Processing Services, quoted by Gretchen Morgenson in Mortgage Servicing Horror Stories - Fair Game - NYTimes.com
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“Yes, the City did once fulfil the function of efficiently allocating capital,...”
– Ian Fraser: The Economist Loses the Plot With This Shallow, Pro-City Propaganda « naked capitalism
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“Great empires rarely succumb to outside attacks. But they often crumble under...”
– Daniel Gros, on the eurozone crisis. (via europeanvoice)
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“Instead of the company being dominated by salesmen who can pump up the numbers...”
– Steve Denning in The Dumbest Idea In The World: Maximizing Shareholder Value - Forbes