Thursday, October 30, 2008
Via Techcrunch… Yahoo = 5 billion monthly visits…. MSN = 3 BMV…. Google = 1.5 BMV… AOL = 0.44 BMV… Yahoo = 7 minutes per visit…. MSN = 4 MPV…. Google = 1.4 MPV… AOL = 0.6 MPV… Would be interesting to see the same for WSJ, Barrons, FT, [...]
Thursday, October 30, 2008
The core of the argument made by William Isaac, former FDIC chairman, for the suspension of mark-to-market (MTM) accounting pivots on several points as seen in this YouTube of him debating Janet Tavakoli… Isaacs arguments Suspend MTM Global subprime losses are in the range of $ 300 billion and are systemically manageable MTM has “destroyed” [...]
Wednesday, October 29, 2008
I have a friend that walks around the village after rain storms picking up the worms from the sidewalks and placing them tenderly in the grass… I’ve titled him the “President of Worms”… every village needs such a kind soul… Elwood Smith actually is a really good illustrator… and animator… check it out here… Elwood [...]
Wednesday, October 29, 2008
Can’t resist riffing off Governor Palin’s flaccid chant… Sue baby sue! I’m talking about Bank of America and every other entity out there that has been trespassed in this credit calamity… pension and mutual funds, hedgies, banks… groups of such… along these lines… from BBG … ~~~~ “Bank of America Sues Bear Stearns, Cioffi, Tannin [...]
Wednesday, October 29, 2008
Listened to the SEC’s Roundtable for Mark-to-Market Accounting **M2M** … (put me in the geek pool…) Accounting standards share company with capital adequacy and valuation standards in defining the health of financial institutions… A web of rules supporting the banking system … In the Credit Crisis of 2007-2008 there is no time to amend Basel or [...]
Wednesday, October 29, 2008
EDITORIAL Loans? Did We Say We’d Do Loans? ~~~~ “According to Treasury Secretary Henry Paulson, the chief proponent of the big bank bailout, flooding the banks with taxpayers’ money was supposed to get them to start lending freely again. And that, in turn, was supposed to stabilize the markets [...]
Tuesday, October 28, 2008
Several weeks ago I was sitting in the garden courtyard of my favorite place in Washington, the Freer Gallery of Art. The fountain splashed noisily in the hushed cloister. It was calm and peaceful there and the credit crisis seemed far away. But outside the marble walls the old order was passing away… waves of violent upheaval were crashing [...]
Tuesday, October 28, 2008
::: Widgetbox ::: ::: Google Gadget Ads :::: :::: Yahoo Widgets :::: Free floating code… exploding functionality across the web… monetized now … maybe time for fixed income to catch with with equity data? … Google model of distribution >> “The Mushroom” >> 10 people in creation >> 1,000 evangelizing >> 1,000,000 consuming… (nice ratios) Distribution >> (seeding… [...]
Tuesday, October 28, 2008
Another request from Grais and Ellsworth to post a meeting notice… Countrywide Financial Corporation (now a subsidiary of Bank of America) has reached an agreement in principle with the attorneys general of California, Illinois, and nine other states to settle predatory-lending charges against it by modifying the mortgage loans of approximately 400,000 borrowers at an expected [...]
From Jesse’s Cafe American… reprinted from the OCC’s report on bank’s exposure to derivatives… scary… Are these the parties that are resisting a move to exchange trading and central counterparty clearing?