The WSJ has a fantastic piece of reporting about Lehman's failure this morning, which explains something I hadn't understood until now. Yes, Lehman's bankruptcy caused the credit crisis to get much worse. But the mechanism might well have been Lehman's lies, rather than its failure per se: On Sept. …
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Lehman's Lies
http://www.portfolio.com/views/blogs/market-movers/2008/10/06/lehmans-lies?tid=true -
Extra Credit, Sunday Edition
http://www.portfolio.com/views/blogs/market-movers/2008/10/05/extra-credit-sunday-edition?tid=trueDear Investor: Dreadful returns from hedge funds. Agency’s ’04 Rule Let Banks Pile Up New Debt: Good narrative reporting from Stephen Labaton. The Economist's poll of economists: They're overwhelmingly pro-Obama. A Proposal for Money Market Funds, and More: I like this idea. …
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How Much Will a Wells-Wachovia Deal Cost Taxpayers?
http://www.portfolio.com/views/blogs/market-movers/2008/10/05/how-much-will-a-wells-wachovia-deal-cost-taxpayers?tid=trueAnybody following the fight between Citi and Wells Fargo has to read Binyamin Appelbaum's front-page piece in the Washington Post on the tax assumptions behind the Wells Fargo offer. In touting the deal, Wells Fargo executives said they did not need money from the Federal Deposit Insurance Corp., which had agreed to limit Citigroup's losses on a portfolio of Wachovia's most troubled loans. …
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Credit Writedowns - Finance, Economics, Markets and Politics
http://www.creditwritedowns.comLehman's Lies
43 minutes ago in Credit Writedowns - Finance, Economics, Markets and Politics by edwardnh · Authority: 115 -
Alea
http://aleablog.comPortfolio.com: Market Movers Lehman's Lies The WSJ has a fantastic piece of reporting about Lehman's failure this morning, which explains something I hadn't understood until now. Yes, Lehman's bankruptcy caused the credit crisis to get much ...
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Citigroup Throws Fighting Words at Wells Fargo for Jumping Wachovia Deal
http://blogs.wsj.com/deals/2008/10/03/citigroup-throws-fight...billion takeover that will require no government assistance, scrapping a federally backed deal with Citigroup. The big winner in the deal is the U.S. taxpayers, who would no longer be on the hook to backstop losses as they were in the Citi deal, writes Portfolio.com’s Felix Salmon. (Deal Journal readers can check out
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Keep Seat Belts Fastened
http://www.portfolio.com/news-markets/top-5/2008/10/06/Finan...in overvalued and overly complex U.S. assets. The authorities have also been slow. Government solutions to institutional problems have been fragmentary and central bank liquidity provision reactive." Related Links The Buck Stops Where? Incentives for Inflation Hit the Panic Button
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Business, Economics, Culture, and More — The American, A Magazine of Ideas
http://www.american.comt U.S. financial regulators see a crisis looming? One analyst blames ‘a colossal conceptual error’ in how Wall Street measured risk. . . Felix Samon says that the hedge fund industry could be headed for serious upheaval. . . How will the sale of Wachovia to Citigroup affect the city of Charlotte? In the middle of a financial meltdown, ‘herd mentality rules’. . .
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Bailout or no bailout, taxpayers will pay
http://www.salon.com/tech/htww/2008/09/30/tight_credit_gets_...point drop in history, but in percentage terms, the 7 percent decline didn't come close to the 22 percent drop on October 19, 1987. But this crisis isn't about the stock market. It is, as Felix Salmon reminds us for the umpteenth time this morning, a credit crisis. And credit is tighter than ever. Last night, the rate at which banks lend each other money over night spiked to its highest point ever, 6.88 percent, sparking a couple of observations in a Bloomberg article that are being cut-and-pasted across the
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WEEKLY TECHNICAL COMMENTARY
http://www.weeklyta.blogspot.comExtra Credit, Sunday Edition
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Microblog 2008-10-05
http://overlawyered.com/2008/10/microblog-2008-10-05-2/Ethan Leib, Prawfsblawg; more here, here] # GOP petrified at prospect of filibuster-proof Democratic Senate [Politico] # Iceland’s once high-flying banks: will bailout needs overwhelm small nation’s govt? [Salmon] # Splog rips off Blawg Review #175 in its entirety from rightful author J. Spencer. Will Blogspot do anything? [don't give 'em a direct link] # A peek at a revamped Amazon Kindle due out for Xmas? [
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Fimoculous.com: Feeding On Itself
http://fimoculous.comPlaces I'm Commenting: Market Movers: Gawker Kills Pay-Per-Pageview. Gawker: Rooftop Party. Valleywag: Jason Calacanis caught cheating on Taurus and Fondue. Tweet and Meet: Gawker This. Gawker: Van Halen to McCain: Stop Playing Our Crappy Song!
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Teresa Lo | InVivoAnalytics.com
http://invivoanalytics.comBlogs We Read: Columns DealBook » Did Citi Really Win? DealBook » Judge Puts Temporary Halt on Wachovia-Wells Fargo Deal Portfolio.com Market Movers » How Much Will a Wells-Wachovia Deal Cost Taxpayers? Portfolio.com Market Movers » Blogonomics: Gawker Kills Pay-Per-Pageview
