Willem Buiter

Willem Buiter's Maverecon - Remembering Eddie George Willem Buiter recounts some personal tales from the late Bank of Egland Governor's life. Fujitsu’s Self-Desctructing USB Drive for Leak-Proof Secrets » My Digital Life This is…

I am sure you have seen the catastrophic financial results of Swiss bank UBS released this week. I have been saying for quite some time that UBS is too big to fail, but also too big to bail for tiny Switzerland. In my view, the recent…

Europe is a mess right now. I have had a few days to relax and work trough some thoughts about where this global depression is headed. Upon coming back to the site, I was struck by how poorly Europe's economies are doing. As I have said…

As I am away, I thought I would let my blogger brethren do the talking for me. Enjoy. Sign of strength or evidence of weakness? China’s dollar reserves - Brad Setser A Tale of Two Depressions - Vox IMF recommended euroisation to…

Because I received a message via e-mail that my previous post on mark-to-market was misleading, I thought I would clarify what is happening with FAS 157 and provide some good links. The long and short of the rule is it gives more…

This post was an April Fool's joke. We all know this is not going to happen anytime soon.

Commerzbank reveals toxic assets - BBC News Obviously, there are more writedowns to come. What does this say about what's on Deutsche's books? or UBS? MGM Mirage’s City Center Hires Bankruptcy Counsel - Deal Book Fear and Greed -…

The political realities of solving a financial crisis have often meant circumventing legislative approval to meet the exigencies of a particular situation.  This was certainly the case in 1995 during the so-called Tequila Crisis in Mexico.…

Here are the main links. A ton more can be found in the news feed (also available via RSS). Enjoy. Dear A.I.G., I Quit - Paul Kedrosky The devalued Prime Minister of a devalued Government - Alice Cook This video is good. U.S.…

Here are the main links. Others can be found in the news feed (also available via RSS). Enjoy. The Cultural Costs of Bailout Nation - Baseline Scenario The biggest problem with the Geithner plan - John Hempton The fiscal vacuum…