Bankruptcy
The market is overbought in the near term. The Fed is on the verge of removing massive amounts of liquidity ($1T). Some Fed governors are even talking about wanting to remove the assurance that Fed Funds rates will be held low…Read
Naked Capitalism has a really good post by Frank Portnoy, a professor at the University of San Diego, that discusses another aspect of the Lehman bankruptcy examiners report. He points out that noboby appears able to figure…Read
The report by the Lehman Brothers bankruptcy examiner further vindicates Lehman critics like David Einhorn, the founder of hedge fund Greenlight Capital, and is a reminder of the risks of quashing short-selling, Breakingviews…Read
The cover story of Barron's is on public pensions, an issue I have been railing about for years, and heatedly so for several months. Please consider The $2 Trillion Hole. LIKE A CALIFORNIA WILDFIRE, populist rage burns over…Read
I spend 8 hours every Sunday putting this together…If you like this roundup kindly include a reference to SimoleonSense.com .Thanks! Weekly Cartoon Joke Of The Week – via Net Funny These two women were walking…Read
In “Safe…or Sorry?” I discussed some of the many risks municipal bond investors have been ignoring in their Quixotic quest for safety and high yields.This week’s Barron’s details yet another…Read
In "Safe...or Sorry?" I discussed some of the many risks municipal bond investors have been ignoring in their Quixotic quest for safety and high yields. This week's Barron's details yet another financial time bomb ticking in…Read
Via: Times Online: In May 2008, as the world span towards the worst financial crisis in living memory, Matthew Lee, a senior vice-president at Lehman Brothers, the American investment bank, decided to make a stand. After 14…Read
Barry Ritholz: The bankruptcy report on Lehman is both revealing and damning. Once again, the investing public learns — after the fact — the basic truisms of modern markets: -Major accounting firms are worthless to investors.…Read
Claudio Raddatz, 15 March 2010How did a seemingly small shock to the US financial markets manage to spread so far, so quickly? This column argues that the heavy reliance on short-term wholesale funding is to blame. It follows…Read
Senate Banking Committee Chairman Christopher Dodd (D., Conn.) spoke with the Wall Street Journal on Sunday about the bill he plans to introduce Monday to rewrite financial market regulations. Mr. Dodd said the bill had been…Read
This Lehman story is remarkable. I mean, Lehman is basically another Enron - only bigger and much more entangled in the global financial system. I'm pretty surprised that the market didn't seem to care about the massive fraud…Read
By Frank Partnoy, Professor of Law and Finance University of San Diego School of Law and author of Fiasco, Infectious Greed, and The Match King The buzz on the Lehman bankruptcy examiner’s report has focused on Repo 105, for…Read
The Jenner and Block report on Lehman just keeps on giving. Today I am going to focus on FRBNY's culpability in the apparent Lehman fraud - that is, the role that FRBNY (and thus Tim Geithner) played in keeping an…Read