Credit Writedowns

Finance, Economics, and Markets

Links: 2010-01-29

By Edward Harrison on 29 January 2010

Banks

Secret Banking Cabal Emerges From AIG Shadows: David Reilly – Bloomberg.com

A modest proposal: Double liability for bankers | VoxEU

immobilienblasen: "Enron-Esque Characteristics" Hiding An Even More Explosive Credit Growth In China

The Next Subpoena For Goldman Sachs – Simon Johnson

The man who walked away from Goldman Sachs – Fortune

Freedom of Information opt-out sought by banks – Independent.ie

Bail-in roundtable | The Economist

Lenders Pursue Mortgage Payoffs Long After Homeowners Default – Bloomberg.com

FT.com – Banks face up to mammoth clean-up task

Greece

FT Alphaville – Tracy Alloway – Who’s selling Greek CDS?

Funds flee Greece as Germany warns of "fatal" eurozone crisis – Telegraph

FT.com – EU signals last-resort backing for Greece

FT.com – Mohamed El-Erian – Greece part of unfolding sovereign debt story

Economy and Finance

India Raises Reserve Requirement More Than Forecast – Bloomberg.com

Bernanke’s (new) Conundrum Negative Convexity | Bruce Krasting

FT Alphaville – Is negative convexity the new Bernanke conundrum?

FT.com – Japanese prices see record fall

Japan Forecasts Bond Sales to Swell 16%, Fueling Debt Concern – Bloomberg.com

Nationwide – 29 Jan 2010 – HOUSE PRICES MAKE A STRONG START TO 2010

MBA students see signs of job market thaw| Reuters

The Growing Underclass: Jobs Gone Forever – Economix Blog – NYTimes.com

Economist’s View: "Historical Look at the Labor Market During Recessions "

Hussman Funds – Weekly Market Comment: Inflation Myth and Reality – January 19, 2010

Davos 2010: George Soros warns gold is now the ‘ultimate bubble’ – Telegraph

Politics

FT.com – John Kay – How political ideology found a new world

Pretending To Be Stupid – Paul Krugman Blog – NYTimes.com

Wash., Oregon to get $590M for high-speed rail | Seattle Times Newspaper

Davos 2010: French president Nicolas Sarkozy attacks flaws of market capitalism – Telegraph

A limited speech by a constrained president | James Pethoukoukis

Pelosi Calls For Partial Freeze On Defense Spending – WSJ.com

Other

Right-handed and left-handed people do not see the same bright side of things

Today’s Bread & Circus feature: Gekko is Back but is he still greedy? (trailer below)

financial news funny video

News