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Tuesday, September 30, 2008

Payroll freeze

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Either the credit markets will seize up in the next few days, or they won't. Businesses either will get the short-term operating loans t...

The money markets have completely broken down

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``The money markets have completely broken down, with no trading taking place at all,'' said Christoph Rieger, a fixed- income strat...

How EU banks were gaming their regulators through AIG

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It's less well known than it should be, but Europeans banks have long been gaming their regulators, having far less than the actual capi...

Market rebounds

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Lawmakers scramble to revise bailout bill... Obama calls on Americans to support rescue plan... Bush warns of 'painful and lasting' ...

Euro drops by largest since inception on EU bank failure fear

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http://www.bloomberg.com/apps/news?pid=20601087&sid=aXeu_kATieSo&refer=home Sept. 30 (Bloomberg) -- The euro fell the most against...
Monday, September 29, 2008

Fed pumps record 630 billion

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http://www.bloomberg.com/apps/news?pid=20601087&sid=a9MTZEgukPLY&refer=home Fed Pumps Further $630 Billion Into Financial System h...
Sunday, September 28, 2008

Hedge Funds reel in losses – should Fed defend the dollar?

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There are advantages to the depreciation option for the US: foreign debt is denominated in US currency so that a depreciation does not cause...
Thursday, September 25, 2008

WaMu collapses

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http://www.fdic.gov/news/news/press/2008/pr08085.html JPMorgan Chase Acquires Banking Operations of Washington Mutual FDIC Facilit...

U.S. financial institutions borrowed a record $187.75 billion per day

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NEW YORK (Reuters) - U.S. financial institutions borrowed a record $187.75 billion per day on average directly from the Federal Reserve in t...

China halts capital flows to US

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http://www.reuters.com/article/companyNewsAndPR/idUSPEK16693720080925 The Hong Kong newspaper cited unidentified industry sources as saying...
Wednesday, September 24, 2008

Since 1981, 423 U.S. companies with assets of more than $500 million filed for bankruptcy

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"Since 1981, 423 U.S. companies with assets of more than $500 million filed for bankruptcy," with total assets exceeding $1.5 tril...

How Wall Street Lied to Its Computers

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How Wall Street Lied to Its Computers New York Times (09/18/08) Hansell, Saul Most Wall Street computer models radically underestimated ...
Tuesday, September 23, 2008

The financial system indeed lies in ruins

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The financial system indeed lies in ruins. In the last year, Wall Street has shed 200,000 jobs. The bailout comes on the heels of the failur...
Monday, September 22, 2008

Chaos has descended on Wall Street

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The death of the investment banks. The ban on short selling. The unrelenting pain for anyone who needs to borrow money. Chaos has descended ...
Sunday, September 21, 2008

New paradigm for finance

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"A generation grew up that has been very well trained in this new finance theory, very well educated to apply it on a broad scale with ...