The Argument Against PPIP: Missing Leverage
In a letter to investors this week, Bridgewater Associates, a money-management firm with $71 billion of assets, said it would...
Archive
‘Some Are to Blame, But All Are Responsible’ – The US-UK Position
In their joint press conference yesterday, President Obama and UK Prime Minister Gordan Brown were asked point blank whether the...
FASB Meets Today on Fair Value
The Financial Accounting Standards Board meets today to discuss fair-value accounting proposals. I'm torn about whether or not to support...
FDIC Resolution Minute-by-Minute
This is an excellent piece of journalism by NPR documenting the FDIC takeover of the Bank of Clark County. http://www.npr.org/templates/story/story.php?storyId=102384657
Conficker virus waits it out
Robert Siciliano Identity Theft Expert With the world watching Conficker has reached out but has not delivered any new malware....
FIS to Buy Metavante for $2.94B
In a seismic deal for bank processing, Fidelity National Information Services Inc. agreed today to acquire Metavante Technologies Inc. in...
If They Can Do It, So Can Banks
The other day my brother called me from his cell phone. Of course receiving a call from a cell phone...
Subprime Securitization and the Credit Crisis
There is a very good article in this month's Financial Analysts Journal (March/April 2009 issue) called "Tumbling Tower of Babel:...
Say Ah: GMAC CDS Spreads Widen Way Out
GMAC LLC CDS spreads widened considerably today to 1,847.45 basis points, an increase of 241.69 basis points, or 15.05%. (See...
Criminal hackers up ante 33%
Every day new reports of another flaw and another breach. Today we learn attacks rise 33 percent. I’m not surprised....
