Resources
BNET Business Dictionary
- Financial
- relating to finance
- Financial definition on BNET »
BNET Resources
- sort by:
- Relevance
- Date
- Popularity
- 30 Years of the 30-Year Mortgage
- Paul Kedrosky submits: Lots of people noticing today that for various technical reasons, U.S. 30-year fixed mortgage rates are back to levels last seen when Freddie/Fannie were nationalized. But that said, and as the following figures shows, all the bleating about high rates looks fairly dubious, historically speaking and...
- External links 2008-10-17
- CDS: What If There Was a Crack-Up and Nobody Came?
- Paul Kedrosky submits: There is no stopping the CDS crackup chatter. While credit default swaps could do with a great deal more transparency, one data point we all need to deal with is the non-world-ending consequences of the Lehman bankruptcy. Today is the last day for...
- External links 2008-10-21
- Brinksmanship at Fortress Investment Group
- Paul Kedrosky submits: Riveting brinksmanship going on at 11th hour as Fortress Investment Group FIG works frantically to refinance $1.7-billion in Intrawest debt, which expires tomorrow. Recall that Intrawest, the owner of the Whistler ski resort -- which will host the 2010 Winter Olympics -- was purchased by Fortress...
- External links 2008-10-22
- AIG Bailout Redux: The Perils of Open-Ended Liability
- Paul Kedrosky submits: This should come as no surprise given that supposed insurer [[AIG]] has drawn down more than $80 billion of its $122 billion facility, but the company is apparently in talks with the U.S. government to be bailed out of its bailout. It wants to convert a...
- External links 2008-11-07
- Three Problems with the Fannie / Freddie Mortgage Modifications
- Paul Kedrosky submits: There are at least three serious issues with the Freddie FRE / Fannie FNM mortgage modification programs. First, they are fundamentally offensive to anyone who bought a house with a reasonable amount of money down, some contentiousness about the price paid, and the cash flow to...
- External links 2008-11-11
- Banks: Build Not Bail?
- Paul Kedrosky submits: My friend (and Money:Tech-er) David Leinweber has a up a provocative post over on the O'Reilly website about hacking the banking system. The root idea: Why not stop trying to bail out the current banking system, and simply build a new one instead? Here...
- External links 2008-11-13
- Citi Bailout: Good Bank, Bad Bank, and Fu*&ed Bank
- Paul Kedrosky submits: Apparently Citibank and the U.S. government (i.e., we taxpayers) have reached a deal whereby we will backstop something like $300-billion in screwed assets on Citi's balance sheet. That $300-billion figure is, as we say in the business, way fucking bigger than the $50-billion "bad bank" number...
- External links 2008-11-24
- Wells Fargo: Being Bearish Paid Today
- Paul Kedrosky submits: I have written here various times about my bearish take on Wells Fargo -- see here and here -- so today's WFC wreckage isn't exactly a surprise. Nevertheless, a crushingly bad day –- including a head-butt from CIBC analyst Meredith Whitney near the close -- for...
- External links 2008-12-01
- U.S. Gets Some Citi: The Rise of Hazardization
- Paul Kedrosky submits: News came out last night that the U.S. may take a 40% Citi stake, stopping short of outright nationalization while letting Citi management still turn the steering wheel with our money. Let's call it "hazardization" for want of a better term. This would be,...
- External links 2009-02-23
- AIG: Countdown to Annihilation
- Paul Kedrosky submits: Assuming rumors of AIG's AIG Q4 results are correct -- $60 billion in losses -- we will have on our hands the largest loss in U.S. corporate history. That is, of course, impressive, but it is the downbound trajectory that has me thinking more. The insurance-company-for-the-uninsurable's...
- External links 2009-02-24
- AIG's Blackmail Note
- Paul Kedrosky submits: In case anyone's wondering what leverage AIG has over the government that lets it pay people bonuses for creating the largest losses in U.S. corporate history, here you are: Aig Systemic 090309 by Paul Kedrosky
- External links 2009-03-16
- Rage at the AIG Machine
- Paul Kedrosky submits: Not to belabor this AIG bonus issue, because the amounts genuinely pale against the total capital infused into AIG - which has been saved more times than a holy-roller -- but the following quote from the WashPost caught my attention today. In addition to senior managers...
- External links 2009-03-17
- AIG: Mindboggling Lawsuit - Against Countrywide
- Paul Kedrosky submits: I'll let readers come up with the right headline for this one, but seeing news last night that an AIG unit is suing Countrywide is one of the more blackly amusing moments in this never-ending crisis. Two of the kingpins of the crisis are now suing...
- External links 2009-03-20
- AIG Infographic: Where the Money Went
- Paul Kedrosky submits: [via N. Rapp] by Paul Kedrosky
- External links 2009-03-20
- ABC: FBI and Prosecutors 'Closing In' on AIG's Cassano
- Paul Kedrosky submits: I have no idea what "closing in" means when you know someone's name and where they live and what they did, but ABC News has a story out saying that the Feds are closing in on AIG Financial Products' ex-honcho Joe Cassano. Maybe that means they...
- External links 2009-03-31
- Tim Geithner's Jam-Packed Schedule and the Valenzetti Equation
- Paul Kedrosky submits: The NY Times has a looooong piece in Monday's paper looking at Treasury Secretary Tim Geithner's calendar through the crisis. Of course, for most of the credit crisis he was the head of the New York Federal Reserve, not at Treasury, so that is the vantage...
- External links 2009-04-27
- The One-Price Anomaly
- Paul Kedrosky submits: I geek out now and then for violations of the supposed “law” of one price -- the cute idea that the same financial instrument will sell for the same price in all markets so long as there is an opportunity for arbitrage – so this example...
- External links 2009-05-26
- Citigroup: The Pricing Anomaly Lives
- Paul Kedrosky submits: Good update from Donald Marron on his musings about the ongoing Citi C pricing anomaly. With Citi having announced a share exchange, one would think that the pricing anomalies in Citi shares would be disappearing, but they are hanging tough -- for now anyway: ...
- External links 2009-06-12
- Goldman and Its Critics: Round and Round We Go
- Paul Kedrosky submits: There is a lengthy takedown of critics of Goldman Sachs critic and Rolling Stone screed writer Matt Taibbi in the current Columbia Journalism Review. (Get all that?) The gist: Writer Dean Starkman thinks that too many business journalists are inappropriately supportive of Goldman Sachs GS, and...
- External links 2009-08-10
- Addressing the Lehman Myth
- Paul Kedrosky submits: I've generally been ignoring the anniversary of the financial crisis -- the subject tires me -- but the Lehman myth is irritating, so it's good to see it being addressed. In short, it is a myth that preventing Lehman from failing would have saved us from...
- External links 2009-09-11
- << Previous
- page 1 of 1
- Next >>
