economist.com - 5/1/2009
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A much-trumpeted facility falls victim to politics
BANKS get most of the blame for the credit crunch, but the fall-off in lending has been steepest among non-banks, particularly buyers of securitised products, loans that are packaged into (supposedly) tradable securities. This is especially ...
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Friday morning links
The Mess That Greenspan Made —
... bill fails in Senate - LA Times • Home prices still have a way to go to hit bottom - TampaBay.com • Housing collapse blamed for industrial market’s woes - LV Sun • Housing market woes continue - Purchasing.com FED/TREASURY/BANKING • Government nervous about stress test results - USA Today • The Fed: The hedge fund of Foggy Bottom - Economist • Regional Banks Could Need Billions More - MoneyNews.com • Securitisation: The torpor of the TALF - Economist INTERESTING • Of Loos and ...
Who Gets Stuck with the Bill?
Technically Speaking, Market Analysis and Theory —
... including credit default swaps (insurance on crack), a contribution from the FASB, and your Federal Reserve at work, without oversight. Business as usual, says chairman of Sullivan and Cromwell. Dying business on life support, as Times wrestles Globe for concessions. Is the consumer, with falling wages, out of the loop? Debt doesn't matter; until it does. Orderly markets only go up. TALF or TARFU? The Economist says we need securitization to come back...how's that ...
Related Content
Securitisation undermined financial stability
VoxEU.org 3/19/2009 — Hyun Song Shin , 18 March 2009 Did securitisation disperse risks? This column argues that it undermined financial stability by concentrating risk. Securitisation allowed banks to leverage up in tranquil times while concentrating risks in the banking ...
TALF Tuesday
philstockworld.com 3/3/2009 — Wheeee, yesterday was fun wasn’t it?
While we did go into the weekend bearish , it’s still actually depressing to see the market fall apart. We love the market, that’s why we’re traders, to see it BROKEN like this is very sad. Our futures look a ...
TALF to the Rescue?
runningofthebulls.typepad.com 3/4/2009 — From Tony Crescenzi at RealMoney. The Federal Reserve is expected to announce details of its Term Asset-Backed Securities Loan Facility (TALF) today, a facility that will fund up to $1 trillion of non-recourse loans to investors who purchase AAA-rated asset-backed securities. The program could ...
TALF = FLOP
aleablog.com 3/20/2009 — Pathetic.
The amount of TALF loans requested at the March 17-19 operation was: $4.7 billion.
Student Loan: 0
Small Business: 0
Related:
Three Deals Launched on TALF-Debut Day, Investors Skeptical
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FT.com / Lex / Macroeconomics & markets - “Smart” securitisation
ft.com 7/6/2009 — Those clever investment bankers are at it again. It was surely only a matter of time before banks tried to apply their financial innovation skills to finding ways of profiting from the very crisis that misuse of those skills brought about. Barclays ...
New TALF program launches in June
hf-implode.com 5/2/2009 — "The Federal Reserve announced Friday that it will launch a much-awaited program in June to bolster commercial real-estate lending."
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