Quoting the Crisis
07/04/2013
» http://flip.it/jclzf
(MoneyWatch) There’s an adage among investment professionals that you don’t want to be a member of a crowd. It means that it’s time to exit when an investment strategy gets “crowded” due to …
$30 billion of alpha spread over $1 trillion of assets is 3 percent alpha for the industry.
1 note | posted at 20:24
» "Saving" ≠ "Saving Resources"* | Angry Bear - Financial and Economic Commentary
Many economists — mostly the freshwater/neoclassical/supply-side/conservative types, but also many on the left — hold in their heads a very peculiar model of how economies work. It’s a model of a …
posted at 20:20
» Deposit insurance after Iceland and Cyprus
In-depth analysis on Credit Writedowns Pro, now with big discounts for regular readers. Contact us for info.
You are here: Home » Financial Institutions » Deposit insurance after Iceland a …
1 note | posted at 18:27
» Netherlands, the Next Chip to Fall?
Most attention lately has been on Cyprus, Spain, and Italy. Long-time troubles have been brewing in Portugal and I have an update coming up shortly.
The Netherlands, Berlin’s most important all …
2 notes | posted at 18:08
05/04/2013
» Fisher: Cyprus Shows Danger of Too Big to Fail
Barry Ritholtz, ritholtz.com
Federal Reserve Bank of Dallas President Richard Fisher talks about monetary policy, financial regulation and Bank of Japan’s decision to double monthly bond purchases. Fisher, speaking with Erik Schatzker and Stephanie Ruhle on Bloomberg…
1 note | posted at 20:09
» Launching Our First (Free) Ebook on the OCC/Fed Foreclosure Review Fiasco
Yves Smith, nakedcapitalism.com
As a result of many reader requests, we’ve turned our series based on testimony from whistleblowers at Bank of America and PNC on the whitewash more formally known as the Independent Foreclosure Reviews into an ebook, which we are releasing today.…
1 note | posted at 20:08
» Launching Our First (Free) Ebook on the OCC/Fed Foreclosure Review Fiasco
Yves Smith, nakedcapitalism.com
As a result of many reader requests, we’ve turned our series based on testimony from whistleblowers at Bank of America and PNC on the whitewash more formally known as the Independent Foreclosure Reviews into an ebook, which we are releasing today.…
1 note | posted at 20:08
» Swimming in the Stream: How Economic Forces Force Household Indebtedness | Angry Bear - Financial and Economic Commentary
If you’re a fish merrily swimming in a stream, is it your fault if a flood — say from a large release from the dam upstream — causes you to be washed out through the sluicegates? Or if a drought …
1 note | posted at 20:07
How to Stash Your Cash Abroad
Barry Ritholtz, ritholtz.comclick for interactive graphic
Fantastic interactive graphic that shows the many ways you can hide taxable income from the authorities. It comes to us from the Center for Public Integrity working with CBC news.It is a bit complex, so I…
5 notes | posted at 20:06
03/04/2013
» Big Business believes in taxpayer subsidies, not "free markets" | Angry Bear - Financial and Economic Commentary
by Linda Beale
Big Business believes in taxpayer subsidies, not “free markets”
David Cay Johnston, former NY Times reporter and now Syracuse professor, writes about the thing that most journa …
1 note | posted at 07:42
» NY Times: Following Cyprus bank closings, Other Tax Havens step in
Bill McBride, calculatedriskblog.com
From the NY Times: As Banks in Cyprus Falter, Other Tax Havens Step In
“We are aware of the economic problems facing Cyprus at the moment,” read one such message from a law firm in Malta, also a euro zone member. “We would like to propose an…
2 notes | posted at 07:40
» Wells Fargo’s “Reprehensible” Foreclosure Abuses Prove Incompetence and Collusion of OCC
Yves Smith, nakedcapitalism.com
Two bankruptcy cases in Louisiana that have revealed systematic, persistent foreclosure abuses by Wells Fargo have gotten enough media attention that it is inconceivable that banking regulators don’t know about them. The lack of any intervention, …
posted at 07:40
» Judge Rules Stockton CA Bankruptcy is Valid, City Acted in Good Faith
noreply@blogger.com (Mike Mish Shedlock), blogspot.com
Today a judge ruled that the city of Stockton California is indeed bankrupt and that the city acted in good faith. Creditors asked the judge to void the bankruptcy, saying the city could raise taxes instead.
I have been watching this story for …
1 note | posted at 07:37
» Memo to Employers: Stop Wasting Your Employees’ Money
James Kwak, baselinescenario.com
By James KwakNow that I’m a law professor, people expect me to write law review articles. There are some problems with the genre—not least its absurd citation formatting system and all the fetishism surrounding it—but it’s not a bad way to…
posted at 07:35
Bank of Cyprus: Best Bank for Private Banking 2012
Caitlyn, ritholtz.comFunny, Bank of Cyprus hasn’t updated this page yet … . Hat tip Scott F
posted at 07:27
