December 2010
1 tag
“The banks will also worry that such pay restrictions will encourage their top...”
– Simon Johnson in Bankers’ Pay On the Line Again
Dec 28th
1 tag
“The banks will also worry that such pay restrictions will encourage their top...”
– Simon Johnson in Bankers’ Pay On the Line Again
Dec 28th
1 tag
“But I like that a leverage increase from 22-to-1 to 31-to-1 is not a big deal...”
– Mike Konczal in Four More on the GOP Primer for the FCIC. « Rortybomb
Dec 28th
1 tag
“But I like that a leverage increase from 22-to-1 to 31-to-1 is not a big deal...”
– Mike Konczal in Four More on the GOP Primer for the FCIC. « Rortybomb
Dec 28th
1 tag
“Sifting through the data from the Bureau of Labor Statistics, AARP analysts...”
– Paula Span in Toil and Trouble - NYTimes.com
Dec 27th
1 tag
“Sifting through the data from the Bureau of Labor Statistics, AARP analysts...”
– Paula Span in Toil and Trouble - NYTimes.com
Dec 27th
1 tag
“The situation in Prichard is extremely unusual — the city has sought bankruptcy...”
– Michael Cooper and Mary Williams Walsh in Alabama Town’s Failed Pension Is Warning to Cities and States - NYTimes.com
Dec 27th
1 tag
“The situation in Prichard is extremely unusual — the city has sought bankruptcy...”
– Michael Cooper and Mary Williams Walsh in Alabama Town’s Failed Pension Is Warning to Cities and States - NYTimes.com
Dec 27th
2 tags
“Today [December 21st] marks the tenth anniversary of President Clinton’s...”
– Kevin Connor: Celebrating Ten Years of Derivatives Deregulation
Dec 27th
2 tags
“Today [December 21st] marks the tenth anniversary of President Clinton’s...”
– Kevin Connor: Celebrating Ten Years of Derivatives Deregulation
Dec 27th
2 tags
“It seems the prospect of gigabytes of e-mail and other documents from financial...”
– Andrew Ross Sorkin in Prospect of WikiLeaks Dump Poses Problems for Regulators - NYTimes.com
Dec 26th
2 tags
“It seems the prospect of gigabytes of e-mail and other documents from financial...”
– Andrew Ross Sorkin in Prospect of WikiLeaks Dump Poses Problems for Regulators - NYTimes.com
Dec 26th
2 tags
“Widely reported servicer fraud, whether in the foreclosure process or in the...”
– excerpt from an open letter to banking regulators demanding action on mortgage servicer, quoted by Zach Carter in Federal Reserve Blocks New Foreclosure Regulations
Dec 26th
2 tags
“Widely reported servicer fraud, whether in the foreclosure process or in the...”
– excerpt from an open letter to banking regulators demanding action on mortgage servicer, quoted by Zach Carter in Federal Reserve Blocks New Foreclosure Regulations
Dec 26th
2 tags
“On December 8, community outreach officials from the OCC and the Fed met with...”
– Zach Carter in Federal Reserve Blocks New Foreclosure Regulations
Dec 26th
2 tags
“On December 8, community outreach officials from the OCC and the Fed met with...”
– Zach Carter in Federal Reserve Blocks New Foreclosure Regulations
Dec 26th
2 tags
“The agreement, according to a former executive with direct knowledge of it,...”
– Jake Bernstein and Jesse Eisinger in The ‘Subsidy’: How Merrill Lynch Traders Helped Blow Up Their Own Firm - ProPublica
Dec 25th
2 tags
“The agreement, according to a former executive with direct knowledge of it,...”
– Jake Bernstein and Jesse Eisinger in The ‘Subsidy’: How Merrill Lynch Traders Helped Blow Up Their Own Firm - ProPublica
Dec 25th
1 tag
““There’s not a doubt in my mind that you will see a spate of municipal bond...”
– Meredith Whitney, on “60 Minutes” (via correlationstonone)
Dec 25th
5 notes
1 tag
““There’s not a doubt in my mind that you will see a spate of municipal bond...”
– Meredith Whitney, on “60 Minutes” (via correlationstonone)
Dec 25th
5 notes
1 tag
Dec 25th
99 notes
1 tag
Dec 25th
99 notes
1 tag
$2tn debt crisis threatens to bring down 100 US... →
continuum: Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the US economic recovery. Nor are European cities safe – Florence, Barcelona, Madrid, Venice: all are in trouble.
Dec 24th
8 notes
1 tag
$2tn debt crisis threatens to bring down 100 US... →
continuum: Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the US economic recovery. Nor are European cities safe – Florence, Barcelona, Madrid, Venice: all are in trouble.
Dec 24th
8 notes
2 tags
“The difficulty in finding buyers should have been a warning signal: If the...”
– Jake Bernstein and Jesse Eisinger in The ‘Subsidy’: How Merrill Lynch Traders Helped Blow Up Their Own Firm - ProPublica
Dec 24th
2 tags
“The difficulty in finding buyers should have been a warning signal: If the...”
– Jake Bernstein and Jesse Eisinger in The ‘Subsidy’: How Merrill Lynch Traders Helped Blow Up Their Own Firm - ProPublica
Dec 24th
2 notes
2 tags
“This is the banks’ excuse: A clause in most mortgages allows banks that...”
– Yves Smith in Bank Break Ins Leading to Litigation « naked capitalism
Dec 24th
2 tags
“This is the banks’ excuse: A clause in most mortgages allows banks that...”
– Yves Smith in Bank Break Ins Leading to Litigation « naked capitalism
Dec 24th
3 notes
2 tags
“Within Merrill Lynch, some traders called it a “million for a...”
– Jake Bernstein and Jesse Eisinger in The ‘Subsidy’: How Merrill Lynch Traders Helped Blow Up Their Own Firm - ProPublica
Dec 23rd
2 tags
“Within Merrill Lynch, some traders called it a “million for a...”
– Jake Bernstein and Jesse Eisinger in The ‘Subsidy’: How Merrill Lynch Traders Helped Blow Up Their Own Firm - ProPublica
Dec 23rd
1 tag
Dec 23rd
74 notes
1 tag
“Nobody’s been able to fix too-big-to-fail around the world because nobody knows...”
– Hal Scott, a Harvard Law School professor who also is director of the Committee on Capital Markets Regulation, a nonpartisan group of academics and business executives, quoted by Yalman Onaran in Banks Best Basel as Regulators Dilute or Delay Capital Rules Bloomberg.com
Dec 23rd
1 tag
“Nobody’s been able to fix too-big-to-fail around the world because nobody knows...”
– Hal Scott, a Harvard Law School professor who also is director of the Committee on Capital Markets Regulation, a nonpartisan group of academics and business executives, quoted by Yalman Onaran in Banks Best Basel as Regulators Dilute or Delay Capital Rules Bloomberg.com
Dec 23rd
1 tag
“This result is not at all surprising, particularly since abuses promoted by...”
– Yves Smith in On the Gutting of Financial Services Reform « naked capitalism
Dec 23rd
1 tag
“This result is not at all surprising, particularly since abuses promoted by...”
– Yves Smith in On the Gutting of Financial Services Reform « naked capitalism
Dec 23rd
1 tag
“The Basel committee adopted a 3 percent leverage rule in July, meaning that for...”
– Yalman Onaran in Banks Best Basel as Regulators Dilute or Delay Capital Rules Bloomberg.com
Dec 23rd
1 tag
“The Basel committee adopted a 3 percent leverage rule in July, meaning that for...”
– Yalman Onaran in Banks Best Basel as Regulators Dilute or Delay Capital Rules Bloomberg.com
Dec 23rd
2 tags
“To execute Repo 105 agreements, Lehman also needed legal opinion that the...”
– Peter Lattman in Andrew Cuomo Sues Ernst & Young Over Lehman Brothers - NYTimes.com
Dec 22nd
2 tags
“To execute Repo 105 agreements, Lehman also needed legal opinion that the...”
– Peter Lattman in Andrew Cuomo Sues Ernst & Young Over Lehman Brothers - NYTimes.com
Dec 22nd
1 note
1 tag
Dec 22nd
102 notes
1 tag
“Banks carried out a yearlong campaign to blunt international regulations,...”
– Yalman Onaran in Banks Best Basel as Regulators Dilute or Delay Capital Rules Bloomberg.com
Dec 22nd
1 tag
“Banks carried out a yearlong campaign to blunt international regulations,...”
– Yalman Onaran in Banks Best Basel as Regulators Dilute or Delay Capital Rules Bloomberg.com
Dec 22nd
2 tags
“Now, Level 1 includes the questionably zero risk-weighted government bonds...”
– Joseph Cotterill in FT Alphaville » Basel liquidity rules, going neo-medieval
Dec 22nd
2 tags
“Now, Level 1 includes the questionably zero risk-weighted government bonds...”
– Joseph Cotterill in FT Alphaville » Basel liquidity rules, going neo-medieval
Dec 22nd
1 note
2 tags
“Repo 105, the transaction at issue, was a variation on a corporate finance tool...”
– Peter Lattman in Andrew Cuomo Sues Ernst & Young Over Lehman Brothers - NYTimes.com
Dec 22nd
2 tags
“Repo 105, the transaction at issue, was a variation on a corporate finance tool...”
– Peter Lattman in Andrew Cuomo Sues Ernst & Young Over Lehman Brothers - NYTimes.com
Dec 22nd
2 tags
“Rule 56 [of the Federal Rules of Civil Procedure] permits no exceptions or lower...”
– Thomas Cox, in histestimony before the House Judiciary Committee, quoted by Yves Smith in Some Foreclosure Mills Disregarding Post Robo-Signing Requirements « naked capitalism
Dec 18th
2 tags
“Rule 56 [of the Federal Rules of Civil Procedure] permits no exceptions or lower...”
– Thomas Cox, in histestimony before the House Judiciary Committee, quoted by Yves Smith in Some Foreclosure Mills Disregarding Post Robo-Signing Requirements « naked capitalism
Dec 18th
2 tags
“While New York is providing a window on whether foreclosure mills are really...”
– Yves Smith in Some Foreclosure Mills Disregarding Post Robo-Signing Requirements « naked capitalism
Dec 18th
2 tags
“While New York is providing a window on whether foreclosure mills are really...”
– Yves Smith in Some Foreclosure Mills Disregarding Post Robo-Signing Requirements « naked capitalism
Dec 18th