Quoting the Crisis

“Macro-prudential regulation is about encouraging different...”
— Avinash Persaud, Chairman,...

Jul 1st

Zombie Economy

Jul 1st

“Folks, if the banks want to serve consumers, they know how...”
— Linda Beale in ataxingmatter:...

Jun 30th

“GE’s finance arm is not classified as a bank. Rather,...”
— Jeff Gerth and Brady Dennis in...

Jun 30th

“The U.K. economy shrank more than previously estimated in...”
— Svenja O’Donnell in U.K....

Jun 30th

“I support these young people. It’s been a long time, but...”
— Masaaki Saito, 60, an owner of...

Jun 30th

“For the first time in the Top 1000’s 39-year history, the...”
— Geraldine Lambe in Top 1000...

Jun 29th

“The regime is so hellbent on meeting its growth target of...”
— Ambrose Evans-Pritchard in...

Jun 29th

“One of the largest areas of industrial production in Japan...”
— EconomPic: Japanese Industrial...

Jun 29th

“When exports make up 47% of your GDP, and exports drop 17%...”
— Marcus Walker in Germany Can...

Jun 29th

“Much of what Posner wants to outlaw is public discourse. Why...”
— Erik Schonfeld in How To...

Jun 29th

“The truth is that the notion of beneficial competition in...”
— Paul Krugman in Competition,...

Jun 29th

“Overall, governments may not have acted quickly enough to...”
— Bank of International...

Jun 29th

The Health Care Industry vs. Health Reform

Jun 28th

“Who did we pick to figure out how to fix the automobile...”
— Louis Gerstner, the former...

Jun 28th

“Voluntarily keeping hedge funds “small enough to fail,”...”
— Simon Johnson in Hedge Funds...

Jun 26th

The rise of deregulation helped fuel financial-industry pay,...

Jun 26th

“The court-appointed temporary receiver over Mr. Pang’s...”
— Mark Maremont in Pang Took $83...

Jun 26th

“American International Group announced yesterday that it has...”
— Brady Dennis in N.Y. Fed to...

Jun 26th

“Confidence among U.S. consumers rose this month for a fourth...”
— U.S. Consumer Sentiment...

Jun 26th

“These arguments will come from the very people who denied...”
— Weaponized Keynesianism - Paul...

Jun 26th

“In these days of picketing CEOs’ houses, let’s not forget...”
— Brooke Jarvis in YES! Blog:...

Jun 26th

“Old news to anyone following Citi, but I just noticed that...”
— Daniel Roth in Tumblroth:

Jun 25th

“I do not understand how these entities can be considered to...”
— Yves Smith in naked...

Jun 25th

“Record credit card losses are pushing big US banks to come...”
— Saskia Scholtes and Francesco...

Jun 25th

“It was not merely structural problems that led certain...”
— Thomas Frank in Obama and...

Jun 25th

“WORLD trade, the engine of growth, is sinking at a pace not...”
— Falling world trade: Going...

Jun 25th

“Policy laundering is such a great and accurate term. The...”
— Mike Masnick in How The...

Jun 25th

Zero Hedge: Goldman Sachs: "Engineering Every...

Jun 25th

Slapped in the Face by the Invisible Hand:...

Jun 25th

“Next time you are out, please raise your glass and toast the...”
— Andrew Moshirnia in Liberte,...

Jun 24th

chart-o-doom: Clusterstock’s Chart Of The Day “This...

Jun 24th

naked capitalism: Japanese Trade Implosion...

Jun 24th

Anti-Piracy Lawyers Lose License To...

telecomix: Anti-Piracy Lawyers Lose License To Chase Pirates http://tinyurl.com/lkyu3f

Jun 24th

“2.2.2.2 Analog Sunset – 2013. No Licensed Player that passes...”
— Blu-Ray AACS Final Adopter...

Jun 23rd

“Given the continuing failure of efforts to introduce...”
— Danny O’Brien in France...

Jun 23rd

This shows that the worst mortgages were the private label...

Jun 23rd

“Here the government has given the banks money at great...”
— Michael Shemi, an investor at...

Jun 23rd

“The truth is that the West has a thinly capitalised banking...”
— Bank repayments: Less wobbly...

Jun 23rd

“A year and a half after a landmark labor law took effect in...”
— David barboza in Job...

Jun 23rd

“It does seem as if the vast majority of people in the United...”
— The Animal Spirits Page: On...

Jun 23rd

“‘Small enough to fail’ may well prevail...”
— Simon Johnson in What Next For...

Jun 23rd

“Remember, a decade ago, Google was two grad students in a...”
— Cory Doctorow in Internet...

Jun 23rd

crazynutjob: US Debt Maturity Profile AKA, When do we pay...

Jun 23rd

“In my view, CDS contracts and complex structured assets are...”
— Chris Whalen in...

Jun 23rd

“Instead of buying the safe and sound investments he promised...”
— Robert Khuzami, the...

Jun 23rd

“Many rules put in place in the 1930s still look smart; the...”
— Fareed Zakaria in Zakaria: A...

Jun 22nd

“Mr Obama’s aides have concluded that a more ambitious...”
— Reforming financial...

Jun 22nd

“To call banks casinos, as is often done, is actually unfair...”
— Fareed Zakaria in Zakaria: A...

Jun 22nd

“Mark Adelson and David Jacob, suggest that a fatal point was...”
— LRB · Donald MacKenzie: All...

Jun 22nd

“In April, Goldman said it would set aside half of its £1.2bn...”
— Phillip Inman in Goldman Sachs...

Jun 22nd

“People are having second thoughts not simply because they...”
— Stephen Jen of BlueGold...

Jun 22nd

“Bankers similarly once saw themselves as being stewards of...”
— Fareed Zakaria in Zakaria: A...

Jun 22nd

“So the fact that we are fatter, sicker, and die younger than...”
— Nylund, in a comment to Andrew...

Jun 22nd

“California’s unemployment rate in May hit 11.5%...”
— Marc Lifsher and Alana Semuels...

Jun 22nd

“I think that people may buy these instruments because they...”
— A friend quoted by James Kwak...

Jun 22nd

“Overall production figures for the creative industries...”
— Felix Oberholzer-Gee and...

Jun 21st

“In sum, the evidence for regional variations in the United...”
— Jonathan Skinner in Is More...

Jun 19th

“Somewhere in the United States at this moment, a patient...”
— Dr Atul Gawande in Annals of...

Jun 19th

“Far from learning from their experience in the first round,...”
— James Montier, a specialist in...

Jun 19th

“There appears to be no mention that corporate governance...”
— Simon Johnson in Too Big To...

Jun 19th

“But you know, people say, ‘greed has suddenly...”
— Paul Samuelson, interviewed by...

Jun 19th

“The point here, I think, is that most people don’t know much...”
— Hanging tough with Keynes -...

Jun 19th

Financial Markets, Risk and Regulation

financegeek: southpol: George Soros: I am not an advocate of too much regulation. Having gone...

Jun 19th

“You take away structured finance and the subprime market,...”
— How did that bubble get so...

Jun 18th

“Beijing risks making the same catastrophic error as the US...”
— China’s “Suicidal” Buy China...

Jun 18th

“The recession of the ’80s transformed the working class into...”
— Barbara Ehrenreich in Op-Ed...

Jun 18th

“Despite the upheaval in the industry, many investment banks...”
— Jeffrey Goldfarb in...

Jun 18th

“JPMorgan Chase & Co. and four of the nation’s largest...”
— Michael J. Moore and Josh...

Jun 18th

“I think looking for scapegoats and blame can be left to the...”
— Paul Samuelson, interviewed by...

Jun 18th

“If some banks are thought to be too big to fail, then, in...”
— Mervyn King, governor of the...

Jun 18th

“We know that we have an explicit contract with our...”
— Lloyd Blankfein, chairman of...

Jun 18th

“State income-tax revenue fell 26% in the first four months...”
— Erica Alini in State...

Jun 18th

“There isn’t much doubt that attempts to enforce strict...”
— Paul A. Volcker in Moral...

Jun 17th

“In my view, it is unwarranted that those same institutions,...”
— Paul A. Volcker in Moral...

Jun 17th

“Increasingly, it feels that the worst is behind us. Still,...”
— Josh Green, chief executive...

Jun 17th

“In an edict released jointly by nine government departments,...”
— Jamil Anderlini in FT.com /...

Jun 17th

“The fact that there are legal proceedings involving its...”
— Thomas Mulcair, member of the...

Jun 17th

“My paper concludes that the economic downturn of 2007-08...”
— James D. Hamilton, Professor...

Jun 17th

“In the 12-month period ending March 31, 2009, there were...”
— Barbara Lynn, chair of the...

Jun 17th

“Arts spending is fantastic at creating employment: for every...”
— Felix Salmon in Pay the...

Jun 17th

“Because California has $5.7-billion in debt obligations. And...”
— Paul Kedrosky in The Case for...

Jun 17th

“Copyright law should recognise this new category of...”
— The Pirate Party UK in Pirate...

Jun 17th

“He’s asking, and you should be asking yourself, why it’s...”
— the sheep or the shepherd

Jun 16th

“Since 1980 our country’s productivity has steadily...”
— Paul Buchheit in What Ails...

Jun 16th

“Real economy indicators show signs of stabilization. See in...”
— Paul Swartz in Quarterly...

Jun 16th

Global trade collapsed in the fourth quarter of 2008 and...

Jun 16th

“Lincoln and other insurance companies are totaling huge...”
— Cyrus Sanati in Lincoln...

Jun 16th

“This time it’s the turn of 25 Spanish banks, all of whose...”
— Izabella Kaminska in FT...

Jun 16th

“An example of how quickly the card companies are shifting...”
— David Streifeld in Credit Card...

Jun 16th

“Brick by brick, we are building the foundation for the next...”
— The Geithner-Summers Proposal:...

Jun 16th

chart-o-doom: “We keep hearing that the economic problems...

Jun 15th

“In May 2008, excess reserves were $2.0 billion and stood at...”
— What Aren’t Banks Telling Us?...

Jun 15th

“When Black heard of Ibbotson and Sinquefield’s plans to...”
— The Birth of the Quants: When...

Jun 14th

“Start with the observation that financial markets have six...”
— Brad Delong, professor in the...

Jun 12th

financegeek: Deleveraging, Sewer Crocodiles, And Other...

Jun 12th

financegeek: Foreclosures Up 18% | The Big Picture One...

Jun 12th

“For a while we will all have an ear out for the...”
— Tom Lindmark in Countrywide...

Jun 12th

“Without immediate solutions from the governor and...”
— John Chiang, California State...

Jun 12th

“Ken Lewis’ claim that they were surprised by the rapid...”
— Timothy Clark, senior advisor...

Jun 12th

“Its one thing to use I/O on a short term bridge loans, or...”
— Barry Ritholtz in I/O...

Jun 12th

“A perfect storm is confronting pensions planning, created by...”
— Stephen Green, Group Chairman...

Jun 12th

financegeek: thegongshow: Despite working in VC, I’m a...

Jun 11th

“Here’s why this confirms your worst fears and what it means...”
— Edward Harrison: Ten big banks...

Jun 10th

Ford Says Government Backed Debt For GMAC Is...

Jun 10th

Former CalPERS board member helped steer $1.4...

Jun 10th

“JPMorgan Chase is blaming the credit crunch on...”
— James Kwak in Annoying Bank...

Jun 9th

US investigators warn bank stress tests not...

Jun 9th

“Six months ago, nobody believed that our banking system was...”
— Sandy B. Lewis and William D....

Jun 9th

“There were ratings that we saw that made no sense to us. We...”
— Jim Finkel, Dynamic Credit,...

Jun 9th

“This is the government trying to tell the TARP banks not to...”
— Gustavo Dolfino, president of...

Jun 8th

“I strongly believe that Americans should have the choice of...”
— President Barack Obama in The...

Jun 8th

0.000000435%

crazynutjob: continuum:dihard: is roughly the percent of GM that each of us own. $362 is what...

Jun 8th

“European Parliament election results show that the Pirate...”
— Ben Parr in Pirate Party Is...

Jun 8th

“Through what mechanism will this export-sector meltdown come...”
— Wolfgang Munchau in FT.com /...

Jun 8th

“GM’s US fund is, of course, in deficit, but the company has...”
— Tony Jackson in FT.com /...

Jun 8th

“Washington will have to play a special role in this new...”
— Mikhail Gorbachev, the last...

Jun 8th

“Einhorn says he is betting against Moody’s (MCO). He...”
— Distressed Debt Investing:...

Jun 8th

chart-o-doom: Bankruptcy Filings Exceed 6000 per day...

Jun 8th

“Pensions are severely underfunded and they aren’t getting...”
— Howard Silverblatt in...

Jun 8th

“More than $440 million disappeared from the pension fund...”
— Sidney P. Freedberg and Connie...

Jun 8th

“Most countries are doomed to this...”
— Simon Johnson in Global Crisis...

Jun 8th

“As consumers continue to face increasing levels of...”
— ABI Executive Director Samuel...

Jun 8th

“The incredibly inaccurate efficient market theory was...”
— Jeremy Grantham, quoted by Joe...

Jun 8th

“The past 10 years have been close to the worst on record for...”
— Barry Ritholtz in Real GDP:...

Jun 7th

“All investors should expect considerably lower rates of...”
— Bill Gross, Managing Director...

Jun 7th

“This is the big failure of the US system. It is...”
— Raoul Pal, a reader from...

Jun 7th

“Attitude is a little thing that makes a big difference.”
— Winston Churchill (via...

Jun 7th

“The US dominance in autos has long ceased and the bankruptcy...”
— Marc Chandler, Currency...

Jun 7th

“Angelo Mozilo had access to detailed and alarming...”
— Rosalind Tyson, Director of...

Jun 7th

“Middle level (meaning MD but not executive level) employees...”
— Yves Smith in naked...

Jun 7th

“Incidentally, there’s almost no reason to be concentrated on...”
— Crazy Nut Job - My Tabs...

Jun 7th

Headline Pair: White-Collar Fugitives

crazynutjob: We’ve Got A New Fugitive! — Julian Tzolov, a Credit Suisse broker charged with...

Jun 6th

chart-o-doom: moorewr: A Chart (o’ doom) from “A Tale of...

Jun 6th

“The number of seniors entering finance and consulting has...”
— Greg Mankiw’s Blog: What...

Jun 6th

“Repatriations did not lead to an increase in domestic...”
— Dhammika Dharmapala, C. Fritz...

Jun 6th

“One would think from such talk that US multinationals are...”
— Linda Beale in Watch What I...

Jun 6th

“I visited two provinces, and think their statistics are not...”
—  Zhao Bingren, vice director...

Jun 6th

“We made huge excess returns on the way up. When it’s...”
— Yale President Richard Levin,...

Jun 6th

“Problem is, the engineer can’t reconcile his elegant...”
— Matthew Phillips in One Math...

Jun 6th

“We don’t have the tools yet to truly price them....”
— Paul Wilmott, on how to price...

Jun 6th

“They don’t want a public option that would compete...”
— Robert Reich’s Blog: How...

Jun 6th

“While we worry about the U.S. inflating away its debts, that...”
— Paul Kedrosky in Sovereign...

Jun 5th

“In this very simple example there is no cash from this...”
— Bruce Krasting in...

Jun 5th

“And the way this turned out to be looting (as opposed to...”
— Yves Smith in naked...

Jun 5th

crazynutjob: via research.stlouisfed.org Moorewr’s...

Jun 5th

“What’s happened is that the government’s programs have...”
— Frederick Cannon, chief equity...

Jun 5th

“The fastest growth rates we’ve seen in this country...”
— cactus in Facts That Remain...

Jun 2nd

“Would you invest €4 billion in a bank that’s shut for...”
— Gerard O’Neill in What...

Jun 2nd

“The banks want to go back to business as usual — and then...”
— Yra Harris, an independent...

Jun 2nd

“This New GM will be built from the strongest parts of our...”
— Fritz Henderson, GM President...

Jun 2nd

“Household debt was only 60 percent of income when Reagan...”
— Paul Krugman in Op-Ed...

Jun 2nd

“The idea that people can commit egregious misdeeds at the...”
— James Kwak in Posner, Part 1:...

Jun 2nd

“New orders in the manufacturing sector are growing for the...”
— Edward Harrison in ISM...

Jun 2nd

“‘Chinese assets are very safe,’ Geithner said in...”
— Glenn Sommerville in Geithner...

Jun 2nd

“There were a small but significant number of economists,...”
— Nouriel Roubini in RGE - Video...

Jun 2nd