Quoting the Crisis

“There is really no excuse for institutions that specialize...”
— John C. Dugan, head of the...

Dec 1st

“The lies about the mortgage book totalled $20 billion on say...”
— John Hempton in How to Design...

Dec 1st

“In doing so the Commission reinforces the suspicion, already...”
— Prof. Bernt Hugenholtz in his...

Dec 1st

Theory and Practice of Derivatives and...

In academic theory, derivatives and swaps are intended to help “span the state space”;...

Dec 1st

“If a model builder does not take into account the...”
— Bill Werner in MODELS &...

Nov 30th

“But while arm-twisting former employees gets good headlines,...”
— Matthew Curtin in UBS Giveback...

Nov 30th

“Today Mr. Rubin officially gets moved out of the column of...”
— Barry Ritholtz’...

Nov 30th

“Why get excited about the patenting of a peanut butter and...”
— The Public Domain: Enclosing...

Nov 30th

“More jobs can be saved among GM, Ford and Chrysler and their...”
— Dr Peter Morici: US Senate...

Nov 29th

“More than 20 major merchants have already filed for...”
— Bankruptcy a Boom for...

Nov 29th

“Unfairly damaged? Is this what leadership amount to in...”
— Yves Smith reacting to Robert...

Nov 29th

“Simply stated, the bright new financial system, for all its...”
— Paul Volcker, quoted in...

Nov 28th

“Major labels function with the assumption that 90 percent of...”
— Bethany Klein interviewed in...

Nov 28th

“Memo to analysts: management haven’t got a clue. They...”
— James Montier quoted in FT...

Nov 28th

“GM’s China operations are profitable. They actually...”
— Holman W. Jenkins Jr. quoting...

Nov 27th

“The fear index (and more properly known as the VIX or...”
— David Kestenbaum on the phone...

Nov 27th

“Following the collapse of Lehman Brothers in September,...”
— Helen Avery in The US Treasury...

Nov 26th

“Banks that don’t lend to the non-financial enterprise sector...”
— Willem Buiter reported by Yves...

Nov 26th

“Citigroup’s leverage ratio of 56 means that the bank has $56...”
— Rolf Winkler in Leverage by...

Nov 25th

“The money that’s been pledged is equivalent to $24,000 for...”
— Bloomberg in U.S. Pledges Top...

Nov 25th

“China has said its employment outlook is “grim”,...”
— from BBC via naked capitalism:...

Nov 24th

“The idea that the needs of the financial sector can trump...”
— Yves Smith in naked...

Nov 24th

“But now that copyright law is really affecting and...”
— Free Culture Conference 2008:...

Nov 23rd

“We’re simply continuing to face the “Internet...”
— John Buckman in his magnatune...

Nov 23rd

“But just as America didn’t understand the depth of...”
— Paul Ingrassia in How Detroit...

Nov 23rd

“Which is why whenever you hear folks talk about “managing...”
— John Walker in Gnome-o-gram:...

Nov 23rd

“Conversely, if you find yourself in the company of someone...”
— Prudential Oversight of...

Nov 22nd

Lessons of the Crisis

Price ≠≠ Value Markets are neither complete nor stable Investors/markets are rational until they...

Nov 22nd

“Subprime collateral will see loss rates peak in 2009, while...”
— Christopher Whalen in his...

Nov 22nd

“The virtually unwitnessed level of damage in a short period...”
— Barron’s Mike Santoli...

Nov 22nd

“Who’s sampling what? When is sampling stealing? Who’s stolen...”
— Create Digital Music »...

Nov 22nd

“In the stone ages, when I worked for a short while at...”
— Yves Smith in naked...

Nov 21st

“The attorney general of New York, Andrew Cuomo, last month...”
— Portfolio.com: Goldman Execs...

Nov 20th

“As Chuck D said at MIDEM last year, “There is nothing wrong...”
— Ian Rogers in his talk at the...

Nov 20th

“Credit-default swaps on [U.S.] Treasuries have risen nearly...”
— Bloomberg quoted in naked...

Nov 20th