Interesting concept... from last week's Business Week:
"Blinder thinks the Fed is being "a little too passive."
He wants the Fed to cut to zero the rate it pays banks on the excess reserves it holds for them. That would remove banks' incentive to park money with the Fed. Even better, says Blinder, the Fed could effectively charge banks for holding their reserves by paying a negative interest rate.
More likely is that Bernanke will keep short-term interest rates, now around 0.25 percent, at that low level for even longer. "It is becoming increasingly likely that the Fed will be on hold until 2013," says Perli.
Showing posts with label Too Big To Fail. Show all posts
Showing posts with label Too Big To Fail. Show all posts
Sunday, July 3, 2011
Tuesday, June 21, 2011
Too Big to Fail | The Movie...
HBO pulls off a simplification that Saints Paulson inappropriately, but actually does a relatively good job of distilling Sorkin's masterful epic of investigative reporting into something the average American might be able to understand... In a 'nut shell' the 'shit' hit the fan. The Government grasped for straws, and this was the result. And, if you're keeping score the hits keep coming.
Watch in its entirety HERE:
http://www.letmewatchthis.ch/watch-2723367-Too-Big-to-Fail
Official SITE:
http://www.hbo.com/movies/too-big-to-fail/inside/video/video/trailer.html#/movies/too-big-to-fail/index.html
Watch in its entirety HERE:
http://www.letmewatchthis.ch/watch-2723367-Too-Big-to-Fail
Official SITE:
http://www.hbo.com/movies/too-big-to-fail/inside/video/video/trailer.html#/movies/too-big-to-fail/index.html
Tuesday, May 31, 2011
Double Dip in Housing, Could Double Dip Recession Be Next?
Excellent illustration of Buyer Power.
Forbes
Forbes
Sunday, December 12, 2010
Fantastic "House Advantage" Series from the NYT
Articles in the House Advantage series from The New York Times examine the ways that Wall Street banks can, and often do, gain advantages over their customers. Today’s giant banks not only create and sell investment products, but also bet on those products, and sometimes against them, putting their interests at odds with some of their customers’. The banks and their lobbyists also help fashion financial rules and regulations. And banks’ traders know what their customers are buying and selling, giving them a valuable edge.
Advantage: The Bankers Club — Helping to Write the Rules that Run the Market
A Secretive Banking Elite Rules Trade in Derivatives
In theory, clearinghouses exist to safeguard the integrity of the multitrillion-dollar derivatives market. In practice, they also defend big banks’ dominance.
December 12, 2010Advantage: Financial — Getting Paid on the Upside, but Not Losing on the Downside
Banks Shared Clients’ Profits, but Not Losses
Banks like JPMorgan Chase offer to help big investors like pension funds earn a little extra. When it works, both win. When it doesn’t, only the client loses.
October 18, 2010Advantage: Product Design — Designing Products Then Betting Against Them
Banks Bundled Bad Debt, Bet Against It and Won
Investigators are trying to determine whether banks like Goldman Sachs intentionally sold their clients especially risky mortgage-linked assets.
December 24, 2009Advantage: Price Setting — Controlling the Marks on Investments, With Self-Interest in Mind
Testy Conflict With Goldman Helped Push A.I.G. to Edge
The bank’s demands for billions of dollars from the insurer bled it of cash, which the government later provided.
February 7, 2010 Advantage: Friendly Regulators — Watching Out for the Banks
In U.S. Bailout of A.I.G., Forgiveness for Big Banks
Federal regulators ignored recommendations to force banks that did business with A.I.G. to accept losses.
June 30, 2010Advantage: Ratings Game — How Debt Watchdogs May Have Been Compromised
Rating Agencies Shared Data, and Wall St. Seized Advantage
Trying to be transparent, credit rating agencies made their computer models public, and banks used that knowledge to shape some of the investments involved in the financial crisis.
April 24, 2010 Advantage: Information — Inside Insights Help Protect Banks' Interests, but Leave Clients Behind
Clients Worried About Goldman’s Dueling Goals
The conflicts inherent in having a trading arm have created a wariness toward Goldman Sachs.
On the third Wednesday of every month...
A Secretive Banking Elite Rules Trading in Derivatives
By LOUISE STORY
On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.
Drawn from giants like JPMorgan Chase, Goldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to hedge risk.
In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks. (MORE).
Click on Image To Enlarge
Monday, February 22, 2010
Remember These? "Amateurs" compared to the New Breed...
Inside Job, Sound Familiar?
Boesky and Milken, Sound Familiar?
Smarter than U.S.
?
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