credit crisis: The solution to the banking crisis - 03/23/09 05:29 PM
The administration's new banking rescue plan was officially released this morning after the details of it had been leaked over the weekend. It sure didn't take long but pretty much every economist and financial blogger not connected with Wall Street has already ripped it to shreds calling it everything from a … (29 comments)
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credit crisis: The treasuries "toxic asset plan" a massive taxpayer fraud - 03/21/09 04:32 PM
The details of the Treasuries much anticipated toxic asset plan to "cleanse" the banking system and restore financial stability are now public. My reaction posted on Twitter as I was reading it.
@timu_matt: Reading the Treasuries new toxic asset plan. Everytime I think they can't get more hell bent on destroying … (21 comments)
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credit crisis: Fractional reserve banking and FED incompetence - 03/18/09 11:58 PM
Going off the reservation on another financial rant/post today...
The other day I saw this great post explaining Fractional Reserve Banking in really simple terms. It really lays the foundation for why our Federal Reserve and Treasury's policies not just now but over the last decade have helped lead us … (8 comments)
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credit crisis: Breaking the silence, thoughts on stimulus - 02/16/09 08:38 PM
So I haven't written a blog post in what pretty much seems forever, after my massive barrage this fall on the bank bailouts and economic issues. Many people are surprised I haven't chimed in on the massive "stimulus" bill that every-bodies been talking about. Part of the reason is I've been … (76 comments)
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credit crisis: Credit Market Update - A False Recovery??? - 10/21/08 12:21 PM
It's now been just over a week since the FED, treasury and central banks around the world made some massive interventions to try and stabilize the credit markets. My prediction is that these interventions would do very little to unlock the credit markets the main issue is trust, not liquidity. I've … (7 comments)
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credit crisis: Hedge Fund Manager Who Bet Against Sub-prime Says Goodbye - 10/18/08 04:09 PM
In the past year hedge fund manager Andrew Lahde has become quite famous for correctly predicting and betting on the problems in the sub prime mortgage market and more recently in the commercial real estate market (these problems are just starting). His hedge fund produced a return of over 1,000% in … (6 comments)
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credit crisis: The TRUTH Behind The Credit Market Lockup - 10/15/08 10:47 PM
The truth behind the credit market lockup has nothing to do with liquidity or lack of capital in the system, it is literally about TRUTH itself. Let me list a few examples that illustrate my point.
In March, Bear Stearns' CEO goes on national TV and claims they are well capitalized … (12 comments)
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credit crisis: You Call That a Bailout, THIS is a Bailout - 10/13/08 07:00 PM
Boy, it's Monday and there is already a years worth of news to report on the bailouts, credit markets and the global economy. The central banks the world game out of the G7 meetings with a real fire lit underneith them, some might say desperate and have been enacting financial measures … (11 comments)
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credit crisis: The "Smart Money's" Take - Sequoia Capital Meeting Notes - 10/12/08 12:02 PM
I thought this was interesting enough to repost on my blog as it is Sequoia Capital's take on our current economic situation. For people that don't know Sequoia Capital is one of the most respected of the large VC firms. There portfolio of companies reads like a who's who of well … (7 comments)
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credit crisis: Credit Market Update For The Week - Bond Market Dislocates - 10/11/08 05:35 PM
Sorry, I didn't get a chance to do updates during the week, things were moving so fast that I barely had the time to keep on top of them myself. Pretty much everybody is fixated on the "crash" in the stock markets with major US indexes plunging about 17% on the … (29 comments)
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credit crisis: Thursday Bailout and Credit Market Comments - 10/02/08 12:16 PM
I haven't given an update in a few days since I've been stuck in meetings all day. Here's where we stand with things, after Congress surprisingly rejected the bailout bill in front on them on Monday, Senate took the lead in reintroducing and yesterday voting for a revised bill.
The bill … (12 comments)
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credit crisis: Monday Bailout Comments and A Solution - 09/29/08 05:54 PM
I got off my flight down to Los Angeles a few hours ago and was pleased to see that Congress had rejected the bailout bill, woops I mean Financial Stability Act. I would not be surprised though to see it come back from the dead, given the fear today's large stock … (22 comments)
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credit crisis: Sunday Bailout Update - Pretty Much a Done Deal - 09/28/08 10:48 PM
The last remaining significant resistance in Congress and the Senate has appears to have crumbled tonight and party leaders announced that they believe that the bailout is a done deal with voting in the house starting tomorrow. At 9:00 EST the Treasury department held a conference call with primary dealers to … (19 comments)
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credit crisis: The WaMu Seizure and Capital Market Consequences - 09/28/08 05:01 PM
Outside of the bailout bill currently under debate probably the biggest news last week was the failure of the largest thrift in our nation, Seattle based Washington Mutual. On Thursday, the FDIC took the step of seizing WaMu due to them being vastly under-capitalized. The deposits and some other assets were … (6 comments)
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credit crisis: What do Economists Think of The Proposed Bailout? - 09/28/08 01:57 PM
One of the most troubling aspects of the debate going on through the weekend over the proposed bailout bill is not a single independent economist or financial expert has been brought into testify in front of Congress or The Senate. True, they brought in Warren Buffet to testify the financial system … (7 comments)
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credit crisis: Three More Massive Banks on the Brink - 09/27/08 05:42 PM
Today there are reports coming out of three massive banks currently on the brink of financial meltdowns. The situation at Belgium's Fortis bank with total assets of about $780 Billion appears most dire with Belgium's central bank trying to craft a rescue plan before Monday. Over in England talks to save … (19 comments)
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credit crisis: Why I am so Livid About the Bailout - 09/24/08 09:18 PM
Anybody who's read my blog in the last week can probably tell what side of the fence I sit on as far as the bailout bill currently before Congress and the Senate. I'm not just flatly against it, I'm angry and pissed off. Angry, enough that I've probably made at least … (34 comments)
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credit crisis: Who Could Have Seen This Coming? - 09/23/08 07:43 PM
Much of the blame for the current financial crisis our country is suffering through can be traced back to de-regulation that occurred in the banking and finance industry over the last 20 years. The majority of this regulation was put in place in the 1930's to prevent a recurrence of the … (14 comments)
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credit crisis: Monday Market Recap and Bailout Implications - 09/22/08 10:48 PM
I was trying to write a post about the what todays markets (stocks,bonds,commodities) are saying about the proposed $700B bailout and the implications. Alas, sleep deprivation is starting to get to me, and writing coherent sentances just isn't working right now. After not sleeping a whole lot the past four days … (11 comments)
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credit crisis: Credit Crisis - So What is the Solution? - 09/22/08 01:39 PM
I've spent a lot of posting time on my blog lately talking about the problems in the credit markets and in particular the mistakes being made in desperately trying to come up with a "solution" I'm 100% convince the actions taken by the Federal Reserve, US Treasury and Congress over the … (6 comments)
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