Hypo Real Estate

Markets Cheer Stress Test Double Speak - Yves Smith I think the title speaks for itself. Auctions for Troubled Property Loans Jump to the Web - NY Times Perhaps this additional channel for the loans will help clear the underlying…

I have a ton of links today, so I have broken then out into sections. See the news feed for other stories. Finance Inside Obama's bank CEOs meeting - Eamon Javers - POLITICO.com “My administration,” the president added, “is the only…

This weekend has seen two major European financial institutions forced into the hands of government and a third on the verge of major new asset writedowns and job cuts. The events highlight the fragility of European banking and the need…

There is quite a buzz in the German press about Hypo Real Estate. But, what should really get oe's attention is its massive off-balance sheet exposures (hat tip Ulrich). The long and short of reports is that Hypo Real Estate has assets…

This post from January 2009 explains why banks do not increase lending capacity when uncertainty about the level of existing loan losses already on their balance sheet makes them worry about future loan losses. Credit wariness will be the…

Yesterday was both an historic and eventful day. In the United States, we were celebrating the inauguration of a new President. I did my part over the past few days to bolster the economy by going to a number of parties and balls and…

This just in from the German daily Der Spiegel: German banks are still loaded with risky U.S. assets, only a fraction of which has been written down. If this report is true, it suggests that the entire German banking sector is extremely…

It's been a month since I updated my list of writedowns and other credit crisis-related news, so I am sure that this list is filled with holes and missing information. Here it goes nonetheless. Below are the writedowns from the previous…

The big news this week is that writedowns have moved near trillion dollar territory. As all of the banks report earnings and come clean about losses, the figures are staggering. The largest writedowns came from the GSEs with Fannie Mae…

Beware the unwinding of the yen carry trade - FT Worse than Japan again becoming the source of almost free money, is the chance of an even more risky dollar carry trade, writes David PillingCracks appearing in Vancouver's condo boom -…