Category Credit crisis

Global Guerrillas runs the numbers on the unregulated shadow banking system that has no lender of last resort (like a central bank) standing behind it because the entities involved for the most part, aren’t banks. Total value of the shadow…

Pt. 1, Pt. 2 Key quote: It’s a risky game for the Fed; maybe it’s been itself tranquilized towards risk because of its long string of successes at containing crises. It may be hard to time this game so carefully.…

That’s the Wall Street phrase for a market that is rebounding for no particular reason, except that if you drop a dead cat from high up enough, it will bounce when it lands, but that doesn’t mean it’s alive. The…

The two [government sponsored entity] U.S. mortgage finance companies have won relief from stringent capital rules and so can pump about $200 billion into a shaky mortgage market. This should spur another major rally in the stock market today.