April 2010

Well, if you read this report from Euractiv, citing unnamed EU Commission officials, it is: “If nothing extraordinary happens, the Commission will give its positive opinion for the accession of Estonia to the euro zone on 12 May,” an EU…

Goldman's Abacus 2007 AC1 Indicative Terms

Links of the day Greek wealth finds a home in London | The Guardian Wary of a Bubble at Home, Chinese Diversify by Buying in Singapore - NYTimes.com DIRTY, DANGEROUS & DESTITUTE | NEW YORK IN THE 70s – ALLAN TANNENBAUM « The…

David Rosenberg was out over the past week with some pretty large numbers supporting the thesis that strategic defaults are driving retail sales. In his daily piece last Friday, he said: To repeat, what has driven consumer spending in…

I just posted on Goldman's fraud charges this morning with my article "SEC Charges Goldman Sachs With Fraud; May The Perp Walks Begin." Below are my (now updated) thoughts on the case having seen more of the information…

From the SEC: The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime…

We know that JPMorgan is not substantially increasing lending anytime soon. And we also know that banks are recapitalizing courtesy of a steep yield curve and near zero rates, what I would call free money.  What I didn't know is how…

We are now hearing former Merrill Lynch CEO Stan O'Neal's side of the story for the first time since he resigned in October 2007. In a story by William Cohan in Fortune Magazine, O'Neal paints a picture of Merrill's fall from grace that at…

Highlights The US dollar remains firm against the euro as Greek woes continue to weigh on sentiment.  The euro has practically returned to levels seen prior to last weekend’s financial aid package details.  That area,…

Yves talks about Greece and the sovereign debt crisis in Europe as well as her book "ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism". I saw this interview on Tuesday and thought it was very…