Archive for August, 2007

Romance and Macquarie.

Friday, August 31st, 2007

romance.doc   I’m talking financial romance here. (It’s not that kind of site.) Macquarie Bank announced that it is splitting its investment banking activities into a separate non-bank subsidiary. That is very romantic.

Regulatory Whipping Boys: Governments Hide Behind the Rating Agencies.

Thursday, August 30th, 2007

rating-agency-whipping-boys.doc   The Mortgage Lending Crisis is a Government-Sourced Financial Crisis Made in London, Paris, Tokyo and Washington. Blaming the Rating Agencies is a cowardly act.

Sovereign Funds: What’s the Problem?

Monday, August 27th, 2007

sovereign-funds.doc If I were a citizen of Abu Dhabi, I would hate Sovereign Funds. But why does anybody else object?

Thing Three: Globalization? Game Over.

Monday, August 27th, 2007

china-lends-to-risky-mortgage-borrowers.doc Yes, the survival of the global financial system depends on finding life on Mars. But that doesn’t mean we’re desperate.