Bernanke has had his critics, not the least of whom has been Dr. Doom himself, Nouriel Roubini, who has referred to the man as “Comrade Bernanke of the United Socialist State Republic of America,” among other things. But, when it comes down to the wire, it turns out Nouriel’s got Ben’s back. Who knew? Still, [...]
Entries from July 26th, 2009
Barney Frank Is A Prude
July 24th, 2009 · 3 Comments · markets
Sure, it’s fine when someone runs an escort service out of your house, but when other people want to get in on the hot naked action, suddenly it’s just not allowed. Which is why Rep. Barney Frank is trying to get naked credit-default swaps banned. House Agriculture Committee Chairman Collin Peterson said he is helping [...]
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Speaking Of Auctions, Check Out The Treasury
July 24th, 2009 · 3 Comments · loller dollar
How many autographed cars would Treasury have to put on eBay, California-style, to raise this kind of lucre? MarketTicker has the upcoming Treasury auction schedule: 70 day CMBs, $30 billion [today, July 24] 13 week Bills, $32 billion (July 27th) 26 week Bills, $31 billion (July 27th) 52 week Bills, $27 billion (July 28th) 2 [...]
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Commercial RE Spins My Head Right Round…
July 23rd, 2009 · No Comments · bernanke, subprime
Just like Flo Rida remade that “Right Round” song from the 80s (above)… S&P has gone full circle on commercial mortgage-backed debt: Standard & Poor’s backtracked on ratings cuts issued last week and raised the ranking on commercial mortgage-backed debt from three bonds sold in 2007. The securities, restored to top-ranked status, had been downgraded [...]
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The Governator’s Yard Sale
July 22nd, 2009 · 3 Comments · fail
We used this image a while back but I still love it – except, now, I think he needs more like $26 billion dollars. Alas. I’m sure $4 bn would help though when you consider how desperate California has gotten — for the last couple months, it’s been reported that you can buy everything owned [...]
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