Bailout

The fuzziness of retirement math

Posted on September 28, 2010
Aviva has a huge new project up online on what it calls Europe's pension gap.

How money flows to hedge funds

Posted on September 28, 2010
Why do American hedge funds make so much money? Macroeconomic Resilience reckons that most of it comes, ultimately, from the government:

The European crisis gets quietly worse

Posted on September 28, 2010
Edward Hugh has a must-read overview of the euro crisis as it stands right now: not nearly as panicked as when everybody was concentrated on Greece back in May, yet in many ways worse than that.

Counterparties

Posted on September 27, 2010
New Home Sales: Lowest Median Price since 2003 -- CR

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Why Ireland is bailing out foreign banks

Posted on September 27, 2010
Robert Peston has a theory for why Ireland can't bail in the sophisticated institutions which lent untold billions to the country's beleaguered banks:

Nick Denton?s next move

Posted on September 27, 2010
The Michael Idov profile of Nick Denton is interesting, if you're interested in Nick Denton.

Parsing Volcker

Posted on September 27, 2010
Paul Volcker should carry Damian Paletta around with him wherever he goes.

Don?t put MBAs in charge of loan servicing

Posted on September 27, 2010
But I suspect it's not a function of incompetent staffers in default management, so much as it's a function of those Harvard MBAs higher up the org chart systematically depriving the default-management operations of the staff and funds they need to do their jobs properly...

More prosecutions of investment banks coming?

Posted on September 27, 2010
Has Gretchen Morgenson buried something explosive in her story today about the FCIC testimony of a mortgage-analysis executive in Sacramento?

When secret meetings are boring and useless

Posted on September 26, 2010
The WSJ has a great little story proving once and for all that just because something is secret doesn't mean it's interesting.

Forbes blogs for sale

Posted on September 26, 2010
D'Vorkin seems to be hell-bent on stirring up a Scienceblogs-style uproar over the website's blogging platform.

The Goldman headquarters default

Posted on September 26, 2010
If it's impossible to implement size caps when it comes to banks' balance sheets, can we maybe at least cap their square footage?

How can we get banks to lend to green tech?

Posted on September 26, 2010
William Wild has an intriguing idea which could be applied not only to new stimulus funds but even to energy-infrastructure funds left over from the first stimulus which haven't yet been spent.

Counterparties

Posted on September 24, 2010
House approves $30 billion small business lending fund -- Reuters

When credit unions fail

Posted on September 24, 2010
There are lots of great credit unions in America, all of which are owned by their members. And then there are the corporate credit unions, which are atrocious and expensive failures.

Larry Robbins?s bridge-traffic arbitrage

Posted on September 24, 2010
Bess Levin has got her hands on a spectacular letter to investors from hedge fund manager Larry Robbins, in which he explains what alpha is by means of an analogy to traffic on the George Washington Bridge:

Volume-based stock chart of the day, flash crash edition

Posted on September 24, 2010
Here's the volume-based stock chart you've all been waiting for: the one for May 6, the day of the flash crash.

Those unpredictable bank fees

Posted on September 24, 2010
As Elizabeth Warren starts building the Consumer Financial Protection Bureau, there's never been more uncertainty and upheaval surrounding the costs and fees associated with consumer finance.

Counterparties

Posted on September 23, 2010
Hedge funds say a busier market creates a healthier economy. But the lesson of the last two years is that this isn?t true -- Bloomberg

Adventures with otiose trustees, RMBS edition

Posted on September 23, 2010
Carrick Mollenkamp writes today about Talcott Franklin, a lawyer in Dallas who has taken it upon himself to wage war against trustees -- those impossible-to-find people buried deep within big banks who technically work on behalf of bondholders but who in practice do absolutely nothing.

More bikes means slower bikes

Posted on September 23, 2010
Rachel Brown has a fantastic little 5-minute film about biking up First Avenue to work:

The FSA?s foolproof method for preventing M&A leaks

Posted on September 23, 2010
The UK's FSA has conducted an investigation into the way that big M&A transactions can get leaked before they are formally announced. Its conclusion might shock you, so make sure you're sitting down for this:

The WSJ?s Goldman non-story

Posted on September 23, 2010
  I was surprised to see today's WSJ, with its huge headline running across the top of the front page: "SEC Blasted on Goldman".

Zuckerberg starts giving away his billions

Posted on September 23, 2010
I'm with Henry Blodget on this one: whatever the timing-related motivations behind it, Mark Zuckerberg's decision to donate $100 million to Newark's public schools is wholly admirable.

When corporates trade through the sovereign

Posted on September 22, 2010
The CFR's geographics blog notes that in some European countries, whole sectors of the economy are trading at lower spreads than the government's debt:

The new type of stock chart

Posted on September 22, 2010
A couple of weeks ago, I wondered whether it was possible to see what a stock graph would look like if it split up the x-axis according to volume rather than according to the time of day.

Angelgate

Posted on September 22, 2010
Mike Arrington loves nothing more than throwing bombs, so you could be forgiven for dismissing his latest exercise in conspiracy-theorizing as little more than self-promotion. But you'd be wrong

Chart of the day, consumer credit edition

Posted on September 22, 2010
Joe Toms of Lending Club emails me the data for this chart:

Counterparties

Posted on September 21, 2010
Correlations are high at the open and close, lower mid trading day -- Zero Hedge

Replacing Summers

Posted on September 21, 2010
It seems that David Warsh nailed it, back in May: Larry Summers is going to quit his White House position in November, according to Hans Nichols.

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