Archive for February, 2008
Thursday, February 28th, 2008
ABC Learning Corp. has in the last few days taken on a new curriculum: teaching Austalia’s children about modern corporate finance. Topics include corporate governance, corporate disclosure, insider trading, corporate leverage and prudent expansion. This is what media tells us we may now be teaching our kiddies about corporate finance.
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Posted in When Big Kids play in the Sandbox, Australia, Games Bankers Play | No Comments »
Thursday, February 21st, 2008
Circular Jerkularity is the technical term for a hitherto unheralded financing technique practiced by Rating Agencies, Insurers of Subprime Mortgage Conduits such as MBIA, and traders of Credit Default Swaps (CDS) that has recently been a source of consternation among Wall Street firms and their clientele.
As the term suggests, this ...
Posted in Games Bankers Play, The Banking Crisis | No Comments »
Saturday, February 9th, 2008
In an earlier post, I predicted that law suits against financial institutions flowing from the Subprime Mortgage Crisis will come to nothing. Not because the targets were not guilty of fraud. On the contrary, because they are guilty of fraud that had been encouraged by federal bank regulators, who are ...
Posted in Computers Run Amok, The Banking Crisis, When Regulation Goes Wrong | No Comments »
Tuesday, February 5th, 2008
The SEC, FBI, Justice Department, and New York State Attorney General’s Office, and French and German government regulatory authorities are all “looking into” the Subprime Mortgage Crisis. These agencies are investigating Citibank, Merrill Lynch, Bank of America, Bear Stearns, UBS, Barclays, HSBC, Standard and Poors, Moody’s, Fitch, Countrywide, and The ...
Posted in Games Bankers Play, The Banking Crisis, When Regulation Goes Wrong | 1 Comment »