October 3, 2008
The next few weeks of C-Span will be like a new credit crisis reality TV show. Just look at all the upcoming hearings that will likely be broadcast: October 8, 2008: Causes and Effects of the Lehman Brothers Bankruptcy House,...
In many ways, Citadel’s structure today is probably more akin to an investment bank such as Goldman Sachs than the average hedge fund on the street. -- Standard & Poor's, talking about hedge fund Citadel Investment With hedge...
Here is the quote of the day: ...we and other global firms have, for many years, urged the SEC to reform its net capital rule to allow for more efficient use of capital. This is the single most important factor...
New chart out from the good folks at Bespoke showing that post-bailout credit default swaps on the banks and brokers have declined to merely catastrophic levels, down from apocalyptic earlier in the week. Whew!...
So let's say that TARP passes todaythe TARP bailout package has passed the U.S. House of Representatives. I could be wrong, but that seems reasonably likely (although some disagree). What happens next? Credit My guess is that things settle down...
Some quick links to a few non-market things on this busy Friday after a crazy week: Photos: The sapphire mines of Madagascar (Boston Globe) Auto-correlation among car traffic in tunnels (arXiv) The evolutionary diversification of religions (arXiv) 25 years of...
A few people have sent over variants of this after my earlier post about hedge funds' cannibalism practices, so might as well post it. Here is a graph of the Goldman Sachs VIP index of most widely-held hedge fund positions...
Some quick links to items of interest: Developer Sells Land Dirt Cheap To Reap Tax Benefits (WSJ) What Britain must do in the crisis (FT/Wolff) Private equity continues to have great parties, even if everyone's depressed (PE Hub) Unintended consequences...
I've been saying this privately for some time, but only now finally getting around to saying it here: In many ways, the banking crisis of 1872/73, less so the bank failures around the Great Depression, is the right mental model...
New Greenwich Associates survey out on how credit market problems are hitting companies of all sizes, both in terms of their ability to get capital and in their economic outlook: Forty-five percent of large U.S. companies say their access to...
Another in a regular series on blogs you may not be reading, but should be: Across the Curve. An astute and candid day-to-day look at the inner goings on in credit markets. Devastating stuff, of late....
