2009

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…

The Speaker of the House of Representatives Nancy Pelosi examines the stimulus bill, healthcare reform, and human rights around the world with Charlie Rose.

I am a bit under the weather today so posting will be extremely light. I'll let my blogger brethren do the talking for me below. Barclays - spinning out of control - FT Alphaville The lies that banks tell and how journalists deal…

Back on March 6th, I noted that the nationalized insurance company AIG had settled Credit Default Swaps contracts with a number of counterparties at the top of the market. In effect, AIG was offering a hidden subsidy to its counterparties…

The large bonuses at AIG have sparked yet another wave of revulsion amongst American taxpeayers. And rightfully so. This company has cost taxpayers $170 billion and counting and yet the bonuses of the same individuals complicit in the…

The Latest on Bank Nationalization - John Lounsbury Bailoutspotting (Or The Search For The Great Financial Methadone Clinic) - Tyler Durden Nationalization and Capitalism - James Kwak Zombie solutions: The Good Bank vs Bad Bank…