Leftie politics, cats, Vegas, Enrolled Agent
Leftie politics, cats, Vegas, Enrolled Agent
Anna Katherine Barnett-Hart wrote a paper while a student at Harvard that Michael Lewis used as inspiration for his new book, The Big Short. Yes, she’s that good. Clusterstock: We read through it, and what’s great about it is the…
Image from NY Times article, Arcane Market Is Next to Face Big Credit Test, an article which is getting huge circulation among financial blogs as it is makes public to the world at large what the financial blogs have been…
Bill Gross of giant bond management company PIMCO says losses on credit default swaps could reach $250 billion based on historical default rates. To put that number in perspective, many Street estimates ascribe similar losses to subprime mortgages, a derivative…
A CDO called Norma left ‘hairball of risk’; Tailored by Merrill Lynch The WSJ details how a CDO called Norma that sold $1.5 billion in securities to investors in March is now worth a fraction of that – assuming buyers…
The Financial Times has a quite understandable, informative article about the collapsing shadow banking system and how it is impacting real banks and the financial world at large. How crazy did it get? Satyajit Das, an author and derivatives industry…