Willem Buiter

The dishonest "Blame Dodd" scheme from Treasury officials - Salon The AIG 2008 Employee Retention Plan - Tyler Durden President Barack Obama: Perhaps he can't fix it. . . - Telegraph Slaughtering sacred cows: it’s the turn of the…

This is a post I wrote last week on naked capitalism. In any banking crisis, the central question always is: which financial institutions now operating are insolvent, how can we identify them and remove them from the system, and how can…

I am a bit under the weather today so posting will be extremely light. I'll let my blogger brethren do the talking for me below. Barclays - spinning out of control - FT Alphaville The lies that banks tell and how journalists deal…

The Latest on Bank Nationalization - John Lounsbury Bailoutspotting (Or The Search For The Great Financial Methadone Clinic) - Tyler Durden Nationalization and Capitalism - James Kwak Zombie solutions: The Good Bank vs Bad Bank…

Back in December when the Bernard Madoff scandal first hit, I wrote a post, Madoff as a signal to go for “regulation heavy,” suggesting that Madoff was emblematic of a reckless period in the United States, symbolized by the lax oversight of…

Glencore buys back debt - FT Alphaville The fix is in! MTM Accounting Deal On The Way. - Option Armageddon Greenspan Forgets Where He Put His Asset Bubble: Caroline Baum (My take on a re-post is here: The Blame Asia Meme) Climate…

Predictions Whitney says credit cards are the next credit crunch - Reuters (I have also predicted that this would occur) S&P to bottom at 600 points in October: Merrill (More Predictions, this time from David Rosenberg)…

Don Kohn's testimony before the Senate Banking committee was so outrageous that I feel compelled to re-post the first paragraphs of this article from Willem Buiter about the moral hazard it represents. Basically, the U.S. government…

Economist's View: "Ridding Ourselves of the Zombies" Wall Street on the Tundra - vanityfair.com Ford Equitizing $10.4 Billion In Debt - Tyler Durden Follow the money to see Hungary's plight - BBC News FDIC Insurance Fund May Run…

Treasury Loan-Modification Guidelines - Real Time Economics The unfortunate uselessness of most 'state of the art' academic monetary economics - Willem Buiter New York Tenants Could Benefit From Foreclosure - NY Times Property:…