No… in Soviet Russia, bank does not bail out you. Not gonna happen in Medvedev’s Russia either. Russia’s banks are letting it be known that without a bailout, they too will set sail for fail: Hundreds of Russian banks are likely to go under by the end of the year as the amount of bad [...]
Entries from March 26th, 2009
Indeed.
March 26th, 2009 · 3 Comments · win
South Park explains how the Treasury Department makes its important decisions.
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PIMCO: We Can Haz Moar QE?
March 26th, 2009 · 6 Comments · loller dollar
Much like I would like a pony, a small island and other things that would require me to print currency in order to procure them, PIMCO would like the Fed to at least double its already burgeoning balance sheet. This from PIMCO’s top man in Asia: Bond giant Pacific Investment Management Co said the Federal [...]
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Cornucopia of Fail: CalPERS, Downgrades, Trusties…
March 25th, 2009 · 3 Comments · links
A roundup in brief, as I try to keep pace with the fail. – I should’ve gotten to this one earlier in the week, but it’s still worth it for the logo: the beleaguered California workers/teachers pension fund CalPERS has taken it on the chin yet again. After Lennar sold them a land venture at [...]
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Loose Lips Sink… Bond Auctions?
March 25th, 2009 · 8 Comments · fail
We’re in the US, so our chronicles of fail do tend to be US-centric. However, we have yet to get any good mudslinging between Fed/Treasury/White House, so the UK has us beat right now. BoE governor Mervyn King, obviously not a fiscal policy enthusiast, came out and said hey, all this spending you are doing [...]
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