Yaël Bizouati

Posts by Yaël Bizouati

showgirls1.jpgThe American Securitization Forum conference in Vegas used to be quite the party scene, with every bank, monoline (remember them?) and institution outdoing each other in who would throw the most amazing bacchanal. This year, not so much. Also, they moved the venue to the outskirts of DC- where, as a source said, “there really is nothing to do.”
“As a consequence, unlike Vegas where in between sessions you could hang out in bars or go see a ‘show,’ you have nothing to do except go to the damn sessions. On the upside, they are much more well attended than they ever were in Vegas.”

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  • 02 Feb 2010 at 1:38 PM

Volcker On The Volcker Rule

paul-volcker.jpgThe Volck-Man, who will testify later today before the Senate Banking Committee on his prop trading rule, would first and foremost like everyone to understand that the rule is part of a broader structural reform, which he summarizes elegantly this way: The idea is that a designated agency be provided authority to intervene and take control of a major financial institution on the brink of failure. The mandate is to arrange an orderly liquidation or merger. In other words, euthanasia not a rescue.

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  • 02 Feb 2010 at 11:04 AM

Bonding Over Booze In Davos

The Volcker Rule was at the core of many fights last week at Davos. As we wrote, bankers couldn’t agree with each other, lawmakers couldn’t agree either, but still decided to band up against bankers, blah, blah.
Anyway, seems like there wasn’t a lack of booze, as we initially thought, and on the last day of the WEF conference, everybody decided to give it a rest and just find somewhat of an agreement while getting trashed. The fighting was getting old, they were too hungover to continue this BS and they all had come to party after all.

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  • 02 Feb 2010 at 9:10 AM

Barney Frank Named ‘Porker Of The Year’


  • 01 Feb 2010 at 5:33 PM

Paulson Was ‘Scared’ After Lehman Collapse

  • 01 Feb 2010 at 4:44 PM

Don’t Leave A Message For Joe Stiglitz After The Beep

stiglitz.jpgNobel Prize laureate and CDOs squared-social-value-seeker extraordinaire Joseph Stiglitz doesn’t know how to use his cell’s voicemail. And if Obama ever wants to reach him to say, offer him a (Geither’s) job, he can always email him. ‘Cause that’s the way Joe rolls. Voicemails are for losers.

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  • 01 Feb 2010 at 3:40 PM

Congress A Little Nervous About Commercial Real Estate

Guess what? Congress is starting to worry about commercial real estate being the next shoe to drop. Again. Still. And no one is doing anything about it. Enters a group of valiant House members, who took the matter into their own hands. They wrote a letter to Timmy G. and Ben B. begging them to take some action. Because, yeah, they will.

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  • 01 Feb 2010 at 1:08 PM
  • Banks

Getting Back To Basics: What’s A Bank?

fedwhatsabank.JPGThe Fed has a Web site that provides online training for bank directors, because “the only thing that may be missing is a basic knowledge of banking and what to consider in overseeing a bank.” Really. And, while a director’s job is “important and carries responsibility, it may not be as daunting as it first appears.” So here’s an outline of what you will learn, based on the thinking of “The legendary Green Bay Packers football coach, Vince Lombardi, who recognized the importance of teaching basics to his players.”
So, here we go. Lesson 1: What Is a Bank?

“The word “bank” evokes different mental pictures for different individuals. Some will think of the quintessential bank building with big stone columns and a large vault. Others will envision a balance sheet showing a bank’s assets, liabilities, and capital. Still others will fall back on the regulatory definition of a bank: generally, an organization that is chartered by either a state or the federal government for the purpose of accepting deposits.”

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