alephblog.com - 3/24/2009
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One of the earliest pieces at this blog was What is Liquidity? , followed by What is Liquidity? (Part II) . I’ve written a bunch of pieces on liquidity ( after doing a Google search and being surprised at the result ), largely because people, even sophisticated investors and ...
The Treasury Mortgage Mod Program: Should We Hope It Doesn't Work?
nakedcapitalism.com 3/5/2009 — The Treasury today announced its so-called "Making Homes Affordable Program". I am clearly an old fart. The fact that the Treasury bothered to have a logo created for the program (do consumers and servicers really need brand imaging when having ...
Does a single European bond hold the answer?
ftalphaville.ft.com 2/6/2009 — FT columnist Wolfgang Münchau raises the idea of a single European bond in today's FT.
The article poses some solid food for thought. Münchau points out that while it is widening sovereign bond spreads across various eurozone members that may have ...
Blame Basel II
angrybear.blogspot.com 12/14/2008 — Robert Waldmann gives advice to libertarians, free market fanatics and Republicans on how to blame the financial crisis on government regulation. Quite frankly, their efforts so far have been pathetic -- Let's pretend that Fannie Mae and Freddie Mac ...
China Bashing Once Again-Becker
becker-posner-blog.com 3/2/2009 —
During his confirmation hearing before the United States Senate toward the end of January, Secretary of the Treasury Timothy Geithner accused China of "manipulating" its currency. This is not a statement that helps to further China-US cooperation ...
Meltdown
acrossthecurve.com 11/19/2008 — That is the word that one market participant used to describe the action in the CMBS market today. I am sorry to be writing this so late but I just found it as I checked emails and thought it worth posting.
CMBX AAAs widened by 130 basis points. AJ ...
The rising cost of the bailout
bailoutsleuth.com 11/11/2008 — Although the price tag on the Treasury Department's Troubled Asset Relief Program is $700 billion, the full amount that the government has invested in its rescue effort for struggling financial institutions appears to be closer to $2.5 trillion. ...
FDIC Takes Mortgage Proposal to the Public
baselinescenario.com 11/16/2008 — Two months after the collapse of Lehman Brothers, there has still been no broad-based action to help restructure delinquent mortgages and slow down the flood of foreclosures; the Fannie/Freddie plan announced earlier this week is a very small first ...
Prime-time problems for Fannie
ftalphaville.ft.com 5/12/2009 — News that Fannie Mae, the US government-controlled mortgage group, is still bleeding cash shouldn't really come as a surprise. Nevertheless, the losses continue to astound us here at FT Alphaville.
On Friday the group reported its seventh consecutive ...
The Credit Rating Game
angrybear.blogspot.com 11/16/2008 — by Robert Waldmann In my teens when I learned of the existence of credit rating agencies I wondered why private firms with such power weren't corrupt. Why don't firms pay birbess to obtain high credit ratings ? I still don't know the answer but I ...
China keeps buying US bonds despite concerns
news.smh.com.au 5/18/2009 — China is pumping more money into US Treasury bonds, recent data show, despite concerns expressed in Beijing in recent months over the safety of dollar-linked assets. Mainland China's holding of Treasury securities jumped to 767.9 billion US dollars in ...