crisis

The interesting thing about the Paulson proposal is that it gives the U.S. Treasury carte blanche to buy any of these toxic assets at any price it chooses. This is relevant because of mark to market rules in FAS 157. I have posted a few…

As Hank Paulson looks to push through his Economic Patriot Act, it bears remembering that just a few months ago he saw Covered Bonds as a potential solution to U.S. problems with declining home prices. They are not the solution. This…

Further proof that the credit markets are on the brink of systemic collapse is the fact that the widely followed risk spread Libor-OIS is at a record high. In the year before August 2007 when the credit crisis began, this spread averaged 8…

If you hadn't been following it, credit markets are still seized up -- even more than when Paulson first presented his bailout plan the Economic Patriot Act for Congressional approval. The fact of the matter is Paulson has shown…

The uproar by American taxpayers about the Paulson Bailout plan is likely to torpedo this plan. Even amongst Republican lawmakers, the plan is looking like a complete bust.Just moments ago, President Bush was on TV asking for American…

Whenever I wade into a new topic like digital photography, gardening or what have you, I visit the local bookstore and get a "For Dummies" book to guide me. I figure that it's the best way to get up-to-speed quickly without…

The U.S. and the UK are not the only countries suffering from a housing bust and a credit crisis. Ireland and Spain have had massive busts as well and it is only a matter of time before we begin to see effects on the banking sector. And…

Below are the latest major credit crisis stories from the web that I have seen. Most of these stories have more to do with raising capital, merging, and bankruptcy than writedowns. Quite honestly, I have been caught up in the bailouts so I…

Apparently Lehman not only failed, it left a gaping hole its accounts. The UK pension scheme is missing £100 million. UK regulators certainly need o investigate whether the shortfalls are the result of criminal activity.However, pensions…

"Section 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."Sounds like Paulson wants…