Results tagged “Credit Crunch” from Dealbreaker
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Recovery Even Slower Than Thought Earlier Today
Nov 09, 2009, 3:36pm
Posted by Jon Shazar
The most oft-heard description of the current economic recovery is "slow." (Nonexistent is a distant second.) And hot on the heels of another disappointing jobs report, which put unemployment about 10% for the first time in 26 years, here's some...
The Ending Left An Obvious Sequel Opening
May 29, 2009, 5:15pm
Posted by Equity Private
We think Credit Crisis II or Credit Crisis 2.0 has a much nicer ring to it than "W recovery" or some other charting nonsense. (We're partial to the "M recovery"). Whatever we call it, we may get the chance to...
Credit Crisis? Not My Kid!
May 12, 2009, 11:53am
Posted by Equity Private
Furthering the U.S. Euro divide on financial crisis (non)response, the ECB is not having any more of this private asset buying crap. And, you will be happy to know, the incident many refer to as a "credit crunch" or "credit...
Second Verse, Same As The First
Feb 05, 2009, 3:52pm
Posted by Equity Private
We had to check the date on this Bloomberg post very, very carefully to make sure it wasn't off by a year. It is not: Fannie Mae, the mortgage-finance company under U.S. government control, will loosen rules for homeowners seeking...
The Credit Perspective
Jan 16, 2009, 11:57am
Posted by Equity Private
The Across the Curve blog often has insightful and potent analysis, with a focus on credit markets that reveals some real expertise in the area. Today, however, its author, originally a weak supporter of government intervention, has made a rather...
Where Do Those Laid Off Bankers End Up?
Dec 03, 2008, 11:24am
Posted by Equity Private
Treasury Official: "Man is paying these debt instruments off painful." New Analyst: "Well, you know I used to work with new homeowners to get their payments down to levels they could afford." TO: "Oh?" NA: "Yes, you know lots of...
We're Having A Special On Recession Release Denial Right Now
Dec 01, 2008, 12:33pm
Posted by Equity Private
There are clearly two constants in the new epoch of American poli-finance. Daily Obama press conferences and monthly admonitions from financial dominatrix Meredith Whitney. The latest target: the U.S. credit card industry, which, with a crack of the whip and...
No... No... Anything But Big Sky
Nov 11, 2008, 1:08pm
Posted by Equity Private
Ok, that's enough. We are mad as hell and we are not going to take it anymore. Mess with interest prices, fine. Mess with short selling, whatever. But when you take away the only chance a member of the Y-Generation...
Naughty And Nice
Nov 11, 2008, 10:34am
Posted by Equity Private
At 2pm eastern, the Federal Housing Finance Agency is expected to announce a plethora of mortgage gifts to homeowners with Fannie Mae and Freddie Mac loans. This year, gifts will follow the increasingly popular "Reverse Santa" list (not to be...
The Dangers Of Lists: Someone's NOT On Them
Oct 28, 2008, 1:51pm
Posted by Equity Private
So has your local bank announced an infusion by the Treasury yet? No? Then the Treasury might not think it is going to survive the crisis. That's how the New York Times plays it, anyhow. There is a certain bitter...
WSJ: Despite Best Efforts, Financial Failure Still Not Criminal
Oct 28, 2008, 10:05am
Posted by Equity Private
Those looking for retribution against the executives of failed companies will quickly see that prosecutions won't come easy. The law gives executives wide latitude to run their business, no matter how terrible their decisions. And even convictions would seem an...
No-one Expects A Fallen Master of the Universe to Say Sorry.
Oct 20, 2008, 8:11am
Posted by Equity Private
But it would be oh-so warm and fuzzy if they did. Why not, indeed. Reuters, do tell: ...academics say an apology -- for all the litigation risk it entails -- can be the basis of revitalized confidence and trust. With...
Housing: An Unparalleled Success Story
Oct 14, 2008, 3:18pm
Posted by Equity Private
Aleablog is worth visiting. Several times a day. Today they point out a study (The Future of Securitization by Günter Franke and Jan Pieter Krahnen) linking incentives, particularly bonuses, to the collapse in securitized products. There's a danger here of...
Japan To Crisis: "Been There, Done That"
Posted in FOREX, Oct 02, 2008, 10:54am
Posted by Equity Private
Maybe it is because we are in "the biz," but lately it seems that we've been hearing a lot of analogies thrown around comparing the credit crunch with Japan's banking (and general) crisis. There almost is an undertone of smug...
Premium Disequilibrium
Posted in ABN Amro, Oct 01, 2008, 8:50am
Posted by Equity Private
I'm sure you can imagine exactly what would happen if State Farm suddenly decided that they would cover wind, water/flood and fire on every homeowner's policy that, up to this point, had excluded recovery in these categories. Since State Farm...
Excellent News From The Ministry Of Price Control!
Sep 30, 2008, 5:24pm
Posted by Equity Private
At least if the Wall Street Journal is to be believed, the short sale ban will be extended for at least a week or two after the original October 2nd sunset date. Doubtless the incredible success of the plan (see...
Presented Without Comment: 48 Hours of Crisis Photography
Sep 30, 2008, 2:38pm
Posted by Equity Private
After the jump....
When Is "Price Discovery" Not Price Discovery?
Sep 29, 2008, 11:19am
Posted by Equity Private
Hidden in the middle of a Wall Street Journal article on vulture investors is a small observation that suggests, perhaps unwittingly, that the Treasury might be on the eve of complicity in one of the largest cases of accounting fraud...
It's Not A Shot In The Arm. It's A Shot In The Ass.
Sep 29, 2008, 10:33am
Posted by Equity Private
You know, one of those really thick, syrupy, brownish antibiotic infusions that takes 25 seconds to pull into the syringe. The Fed and the European Central Bank doubled to $240 billion the amount of dollars being made available to banks...
Let's Do The Time Warp Again!
Sep 26, 2008, 10:58am
Posted by Equity Private
When the country's three largest banks reached agreement on Friday on how to structure a $75 billion fund to prop up distressed securities, an exhausted group of its top planners gathered in a Bank of America conference room to toast...
