Another Sunday night awaiting the word of the crisis resolution team at the Federal Reserve on Liberty Street…
It’s AIG this time… other Sundays we awaited word of the fate of Bear Stearns, Lehman Brothers, AIG-1, Goldman Sachs and Morgan Stanley… you would think Tim Geithner and his staff deserved some time off… if this is [...]
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
By David Glovin
Oct. 29 [...]
Before the deluge…
Chart thanks to EconomPic Data
Near the end of the Civil War Union forces beseiged Petersburg, VA for 9 months. Confederate forces could barely find food to eat. Starving, with their numbers dwindling due to desertions, and with Sherman’s forces approaching from the south, Lee attempted a break out.
It failed miserably, and on April 2nd, Union forces soon assaulted the Confederate lines. The [...]
Filed in Liquidity, Pricing, Regulatory
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Also tagged accounting, BofA, Goldman Sachs, Lehman, Liquidity, Merrill, Moodys, Morgan Stanley, NRSRO, ratings, S&P, SEC
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Saturday, October 11, 2008
“The wise man bridges the gap by laying out the path by means of which he can get from where he is to where he wants to go.”
+ + John Pierpont Morgan + +
I’m giving a talk in Washington this week entitled… “U.S. Bond Market Basics & Recent Events“… timely…
I’ve been developing some thoughts about [...]
Filed in Liquidity, Pricing, Regulatory, Restructuring, Trading
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Also tagged ATS, bonds, clearing, Congress, exchange, Federal Reserve, fixed income, Goldman Sachs, Lehman, Morgan Stanley, municipal, OTC, ratings, SEC, securities, TRACE, Trading, Treasuries, Treasury
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~~~~ ” I want to speak about bodies changed into new forms. You, gods, since you are the ones who alter these, and all other things, inspire my attempt, and spin out a continuous thread of words, from the world’s first origins to my own time.
Before there was earth or sea or the sky that [...]