Author

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

News

News round-up: 10 Sep 2008

Edward Harrison Sep 9, 2008

Yesterday was a miserable day in the market with the Dow down 280 points in America. Lehman was the watch word of the day as worries about its solvency caused the stock to fall 45%. WaMu didn't do much better. It was down nearly 20%.…

Economy

Solvency

Edward Harrison Sep 9, 2008

Today's punishing session on Wall Street just ended down over 280 points. The glee of yesterday is well and truly over. Lehman Brothers in particular, was punished today as news of its stalled talks with the Korean Development Bank…

Markets

The TED spread is still too high

Edward Harrison Sep 9, 2008

You would think that after the biggest bailout in financial history, one could breathe a sigh of relief. However, as I write this post, the markets are getting pummeled, financial stocks in particular. What is clear from the TED spread is…

Markets

The irony of falling prices and first-time homebuyers

Edward Harrison Sep 9, 2008

When the housing mania was in full bloom, many first-time home buyers were understandably panicked about being locked out of home ownership and missing the boat to get onto the property ladder. This was the case in both the UK and in the…

Economy

FDIC list of problem banks

Edward Harrison Sep 9, 2008

I was recently called out on missing the details of the FDIC's list of 117 'problem' banks. In a post on the OTS' agreement for regulatory supervision of Washington Mutual, I incorrectly stated that NCC was on that list and inferred that…

Political Economy

Fannie and Freddie: The politics of finance

Edward Harrison Sep 9, 2008

The post-mortems on Fannie and Freddie are flying in. It seems like it is almost non-stop Fannie and Freddie. Let me add to those voices with a bit of a twist: the bailout of Fannie and Freddie was as much a political move as it was a…

Economy

John McCain has poor judgment, but Palin is working out quite well

Edward Harrison Sep 9, 2008

The Economist, like many other Libertarian-minded publications and individuals, has soured on John McCain. One week ago their cover page story was "Bring back the real McCain" and this past week their storyline on McCain was that the man…

News

News round-up: 9 Sep 2008

Edward Harrison Sep 9, 2008

After an amazing day to the upside as a result of the bailout of Frannie, we have to return to the ho-hum of reality. But, I still have a decent number of reactions to and articles about Frannie in my links. Personally, I don't like the…

Economy

WaMu on the brink of disaster: has agreement with regulators

Edward Harrison Sep 8, 2008

You have probably heard by now that Washington Mutual ousted its embattled CEO Kerry Kilinger and replaced him with former Sovereign Bancorp CFO Alan Fishman. But, what you have not heard is that WaMu has signed an agreement with the…

Economy

Jim Rogers: Called Freddie and Fannie a ‘disaster’ two months ago

Edward Harrison Sep 8, 2008

The finance and investing website Money Morning has a very provocative piece om Jim Rogers today. Rogers, who has been railing against the bailout of Fannie and Freddie for some time, thinks the Treasury and Federal Reserve will fail in…

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