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Monthly Archives: April 2009

Delay in the stress tests

Report and analysis with Bloomberg Columnist Jonathan Weil. (The Bloomberg Edge – running time ~ 5:40 minutes))

Richar Thaler on economic behavior

TO BE NOTED: From FT: Nudging the market Video: Richard Thaler on market efficiency Posted by Don at 7:17 AM   Labels: Behavioural Economics, Market Efficiency, Shiller, Thaler ~ +    +    +    +    + ~ The assumption of markets full of participants acting rationally underlies much theory, regulation, legislation and business practices… in this FT interview University of […]

Conflict supposition

~~~~”McDaniel this month defended the credit raters’ issuer-pay model at an SEC roundtable in Washington, saying that investors can pressure ratings companies just as easily as underwriters….”*~~~~ This will become the central argument in defense of the “issuer pay” model for credit ratings agencies…. The SEC receives information from credit rating agencies as part of […]

View from Asia

Analysis and discussion about financial stocks, mark-to-market and FASB 157 with Geoff Lewis of JP Morgan Asset Management (Bloomberg News – running time ~ 3 minutes).

Resolving large banks

An interview with Sen. Richard Shelby of Alabama with his analysis and reaction to BofA and Citigroup’s needing more capital. Shelby says Americans must know stress test results. (Bloomberg News — running time ~ 4:25 minutes)  The FDIC as Systemic Resolution Authority Joseph R. Mason  There has been much discussion lately regarding the appropriate source […]

under a national law that allows restructuring of debt only if it produces a savings

From the New York Times we learn of problems with muni swaps in Italy… echoes of problems here with Wall Street preying on municipal officials… (note to Jamie Dimon and other bank heads… you better get out front on this horrible issue… cause any remaining shred of public support for the big banks will evaporate […]

Volatility

Babs and other tax credit bonds

MSRB NOTICE 2009-15 (APRIL 24, 2009) The American Recovery and Reinvestment Act of 2009 added a provision to the Internal Revenue Code that authorizes state and local governments to issue two types of “Build America Bonds” as taxable governmental bonds with Federal subsidies for a portion of their borrowing costs. The first type of Build […]

Pecora redux

It is so crucial for our nation that the Congress undertake a serious investigation of what lead up to the financial crisis… this will help inform legislation… It is a new era with the internet and the globalization of financial markets… but the motivations of men remain the same… and often are compromised… Time to […]

Now it’s Jackson Mississippi

From the weekly ‘Northside Sun’: ~~~~ Interest swap deal bad news for Jackson Will Jackson meet Jefferson County’s current fate: a local government slowly dragged into bankruptcy after it bet its municipal bonds on complex derivatives? The Jackson City Council approved a motion to enter into an interest rate swap for its 2002 and 2004 […]