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: 11 Jul 2008

Edward Harrison Jul 11, 2008

Fannie and FreddieThe Fannie-Freddie Maelstrom Continues - WSJ MarketBeatThe Fannie and Freddie doomsday scenario - FortuneMcCain Says Fannie, Freddie `Vital,' Must Not Fail - BloombergKiss of death for Fannie, Freddie? -…

Political Economy

Federal takeover of GSEs now in the works

Edward Harrison Jul 11, 2008

As I said in an earlier post, taking over Fannie and Freddie has been the plan all along for the Bush Administration. They have been planning this since at least March. Coincidentally, I have confirming evidence now. The New York Times…

Economy

Citi close to selling German unit

Edward Harrison Jul 11, 2008

The FT reports: Citigroup is close to agreeing a sale of its German retail banking operations to Credit Mutuel for between €3bn and €5bn, after the French bank outbid Deutsche Bank in a close race, according to bankers close to the…

Political Economy

Is the Fannie-Freddie debacle the result of a backroom deal?

Edward Harrison Jul 10, 2008

Everyone should recall that Fannie Mae and Freddie Mac were forced to massively increase their already bloated balance sheet in the aftermath of the Bear Stearns collapse. It seems reasonable to me to assume that the two organizations did…

Markets

Spain can’t sell its bonds

Edward Harrison Jul 10, 2008

Spain pulled a potential sale for 15-year bonds as the appetite for the issue just wasn't there. Before the Euro, some in the European debt capital markets, where I worked, pejoratively called Portugal, Italy, Greece, and Spain, the PIGS.…

Economy

If you can’t afford food, steal it: lessons from Japan

Edward Harrison Jul 10, 2008

Inflation is a concern for everyone, especially for those living on fixed incomes. With the cost of basic necessities like food and oil rising day-to-day, many people with limited incomes wonder how they are going to afford to put food on…

Economy

The money shufflers

Edward Harrison Jul 10, 2008

The old adage goes that on a Parents Day, a class of children brought their parents in to school. A few parents got up in front of the class to explain what they did for a living. One woman was a firefighter. One man was a baseball player.…

Economy

Quote of the Day: David Rosenberg on tax rebates to buy iPods

Edward Harrison Jul 10, 2008

Chief North American economist David Rosenberg said the following about the Bush Administration's fiscal response to the credit crisis:We are nervous that we have ended up following in Japan's footsteps due to the inept fiscal response to…

Economy

Everyone’s talking about Fannie and Freddie

Edward Harrison Jul 10, 2008

The situation with Fannie and Freddie is coming to a head soon. Here are a few links on the chatter in the markets and on the blogosphere:Fannie, Freddie `Insolvent' After Losses, Poole Says - BloombergU.S. Mulls Future of Fannie, Freddie -…

News

News Round-up: 10 Jul 2008

Edward Harrison Jul 10, 2008

It's the economy, stupid Foreclosures' financial strains take toll on kids - USA Today It's All Over But the Dating for U.S. Recession: Caroline Baum - Bloomberg Los datos parciales hasta mayo apuntan a un crecimiento cero…

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