March 2009

This comes via the website The Agonist (Hat tip Scott).  I have bolded the important bits: So what are AIG’s arguments for making these bonus payments? All 450 employees of AIG in London, where the derivatives contracts were booked and…

Here are the main links. Others can be found in the news feed (also available via RSS). Enjoy. IMF poised to print billions of dollars in 'global quantitative easing' - Telegraph (hat tip Artur. Gold, anyone?) China blocks…

The AIG employees who are the subject of so much venom because they have received massive bonuses while their organizatio is being propped up by $170 billion in taxpayer money are not even in the United States. They are in London.

This is a post I wrote last week on naked capitalism. In any banking crisis, the central question always is: which financial institutions now operating are insolvent, how can we identify them and remove them from the system, and how can…

The foreign policy challenges facing the new Obama Administration have mounted significantly in recent days. On the back of civil unrest and trade sanctions in Mexico, a destabilizing power struggle in Pakistan, the latest news to hit in…

I plan to visit Mexico early next month as I do at least one or twice every year. This year I question what awaits me as evidence that Mexico's economy and civil order is imploding mount. The latest strike against Mexico comes in its now…

We have seen absoultely catastrophic losses at the world's Sovereign Wealth funds in the Middle East, Singapore, Norway, you name it. Add China to this list. China's State Administration of Foreign Exchange diversified its money out of…

With the shadow banking system of hedge funds and non-bank financial institutions in shambles and the banking system's credit shrinking, U.S. government officials are desperate to get credit into the system any way they can. A key part of…

An article in the FT caught our eye that makes plain that the TALF (Term Asset Security Program) is a bailout for the shadow banking system (HT Tom). The bailouts for the banking industry continue unabated despite a change in Administration…

Happy St. Patrick's Day. I hope you have a good one. Going forward in the links I will have a main link section of up to 15 links. But I will also add a few extra sections on: Blogs I have started following Technology (I am a tech…