crisis

In the Wall Street Journal today, Ted Forstmann, of LBO giant Forstmann and Little fame, has warned that the credit crisis is far from over. Forstmann, who presciently called the bubble in High Yield ad LBO financing twenty years ago, is a…

The following are the links regarding the global credit crunch that have been recently added to the Credit Crisis Timeline. The full timeline is accessible hereLatest Additions2008 06 18 Subprime Losses Top $396 Billion on Brokers'…

I caught a blog entry on naked capitalism that reminds me of the impending wave of lawsuits associated with the credit crunch. It seems that investment banks were peddling auction rate securities to retail investors while warning the…

I have been following a story for a few months in the Canadian Press on Transat, a tour operator. I hadn't reported on it until now because they were just bailed out. It seems they have gotten tangled in the ABCP (Asset-Backed Commercial…

Interesting post on Goldmans in the Guardian today. In the aftermath of another stellar quarter from the investment bank, the Guardian is asking "how does Goldman Sachs do it?" Their conclusion is that its a mix of good risk management…

The Times of London says that holiday tour operators in the UK are sensing a shift in consumer behaviour because of the credit crunch. Just as the holiday season is getting under way, the strains are clear. Operators are preparing for…

The following are the links regarding the global credit crunch that have been recently added to the Credit Crisis Timeline. The full timeline is accessible here2008 06 09 Lehman Brothers to post $3 bln loss; sets $6 bln stock sale2008 06 09…

Barron's sees recovery in credit markets where others, most notably RBS, are bearish. Who's right? Let's hope Barron's. But, only time will tell.Barron's had this to say: eight important credit-market indicators and their current…

In the Washington Post today, Martin Feldstein gives is view on housing. His view is that a downward spiral is likely unless we act to prevent it. Hisplan is essentially a government bailout. Martin Feldstein is the President of the…

This newsletter from John Mauldin arrived in my inbox this morning. If you haven't read his newsletters they are very good, including those from Guest commentators like this one from James Montier. I will add the text in full. It is…