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WMARKW

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  • Russian Roulette: Taxpayers Could Be On The Hook For Trillions In Oil Derivatives [View article]
    Re: Lehman,

    "We focus on the settlement of Lehman’s creditor and
    counterparty claims, especially those relating to over-the-counter derivatives, where much of the complexity of Lehman’s bankruptcy resolution was rooted. We find that creditors’ recovery rate was 28 percent, below historical averages for firms comparable to Lehman. Losses were exacerbated by poor bankruptcy planning and mitigated by timely funding from the Fed. The settlement of OTC derivatives was a long and complex process, occurring on different tracks for different groups of derivatives creditors."

    Per the NY FED
    http://nyfed.org/1CDOUpf
    Dec 25, 2014. 10:19 AM | 2 Likes Like |Link to Comment
  • Russian Roulette: Taxpayers Could Be On The Hook For Trillions In Oil Derivatives [View article]
    AN MBS is also a derivative. Consider the impact on IndyMac.
    Dec 25, 2014. 10:16 AM | 2 Likes Like |Link to Comment
  • Russian Roulette: Taxpayers Could Be On The Hook For Trillions In Oil Derivatives [View article]
    Nah....the government just bought all of the mortgages.
    Dec 25, 2014. 09:25 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Global Stocks Rise Following Strong U.S. Growth [View article]
    I would say that Jon earned lumps of coal for Christmases in perpetuity.
    Dec 24, 2014. 11:57 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Global Stocks Rise Following Strong U.S. Growth [View article]
    And where does the minimum wage increase come from that helps the working poor. Hint: the other side of the equation.
    Dec 24, 2014. 11:55 AM | 4 Likes Like |Link to Comment
  • Economist Lynn Reaser: 2015: U.S. Economy Gains Momentum, GDP, Stocks, Wages Up [View article]
    That 1936 Fairbanks Morse could be individually responsible for all the global warming in the world itself.
    Dec 24, 2014. 09:18 AM | Likes Like |Link to Comment
  • Russian Roulette: Taxpayers Could Be On The Hook For Trillions In Oil Derivatives [View article]
    A "synthetic" CDO = a derivative. It is a "derivative" of the first order "contract".
    Dec 24, 2014. 09:16 AM | 2 Likes Like |Link to Comment
  • Russian Roulette: Taxpayers Could Be On The Hook For Trillions In Oil Derivatives [View article]
    Remember Lehman?
    Dec 23, 2014. 06:03 PM | 1 Like Like |Link to Comment
  • Russian Roulette: Taxpayers Could Be On The Hook For Trillions In Oil Derivatives [View article]
    Mr. Myrtle - for your reading pleasure:

    http://bit.ly/1AYeNw5

    "Conclusions of the Financial Crisis Inquiry Commission"
    Dec 23, 2014. 04:51 PM | 2 Likes Like |Link to Comment
  • Economist Lynn Reaser: 2015: U.S. Economy Gains Momentum, GDP, Stocks, Wages Up [View article]
    Wow - real wages up 0.5%?? This economy is firing on ... how many cylinders?
    Dec 23, 2014. 04:29 PM | Likes Like |Link to Comment
  • Retaliation? North Korea Internet goes dark [View news story]
    $1.00 Any size soda at McDonald's. Which, along with it, you get free refills on the same visit.
    Dec 22, 2014. 06:29 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: China Offers Support For Russia's Currency Crisis [View article]
    Wasn't that in "The Princess Bride"??

    Vizzini: You fell victim to one of the classic blunders—the most famous of which is, “Never get involved in a land war in Asia”—but only slightly less well-known is this: “Never go against a Sicilian when death is on the line”! Ha ha ha ha ha ha ha! Ha ha ha ha ha ha ha! Ha ha ha…[thunk].
    Dec 22, 2014. 06:14 PM | 2 Likes Like |Link to Comment
  • Krugman, Bowman And The Monetary Financing Of Governments [View article]
    Frances - you set up a straw man with the idea that governments need to print money to pay everyone. How does your model change if central banks only print the money to fund the government? In such a case, the printing is a tax on wealth holders proportionate to their wealth. High wealth holders get hurt more than someone who doesn't have any. It can be argued whether this is a good or bad thing.
    Dec 19, 2014. 06:33 PM | Likes Like |Link to Comment
  • Gold Investors Should Diversify And Think Income [View article]
    Dear author.....do you have any stats on how many gold investors you think may have even 50% to 100% of their net worth allocated to paper or physical gold? I haven't been able to come up with any kind of numbers?
    Dec 19, 2014. 06:28 PM | Likes Like |Link to Comment
  • Gold Investors Should Diversify And Think Income [View article]
    Bruce....what was gold in 1974?
    Dec 19, 2014. 06:27 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
10,466 Comments
16,752 Likes