Credit Derivatives

  • I will poke you!


    Senate Subcommittee Feasting On Whale Today

    When I got the Senate Permanent Subcommittee on Investigations report on the London Whale last night, I did what any sensible human would do: I ctrl-F’ed for my name and the names of my friends and enemies, gloated briefly, and then set to work rationalizing not reading the rest of it. After all, it’s ridiculous […]

    / Mar 15, 2013 at 11:46 AM
  • With co-CEOs, etc., there's no really satisfying picture for DB. Presumably this isn't Jain's fault.


    Deutsche Bank Ignored Some “Losses” Until They Went Away

    Oh man, what is going on in this FT article? Here is the bottom line: In a series of complaints to US regulators, two risk managers and one trader have told officials that Deutsche had in effect hidden billions of dollars of losses. “By doing so, the bank was able to maintain its carefully crafted […]

    / Dec 6, 2012 at 9:38 AM


    The CDX And The Whale

    The OCC report on bank derivative activities is rarely what you would call a laugh riot but I enjoyed that the 2Q2012 one released today gives the London Whale a belated sad trombone: Commercial banks and savings associations reported trading revenue of $2.0 billion in the second quarter of 2012, 69 percent lower than the […]

    / Sep 21, 2012 at 1:29 PM
  • News

    There Are Only 6,300 People Watching This, No Need To Run A Comb Through Cody’s Hair Or Splash Cold Water On His Face

    In this new ‘Happy Hour’ bit called ‘Backseat Broker,’ Cody Willard, completely disheveled and visibly drunk, rides around town trying to find someone who’ll get in a cab with him and “talk about finance.” Victim number one is Jennifer V. (sounds like ‘Volmer’ but she’s scared of the guy sitting next to her and muddles […]

    / Feb 19, 2008 at 10:25 AM

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