Showing posts with label credit default swaps. Show all posts
Showing posts with label credit default swaps. Show all posts
Monday, August 04, 2014

Financial Sarcasm Roundup for 08/04/14

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There is sarcasm . . . and then there is SARCASM.  There's more of the latter on this blog than the former. Portugal's central ba...
Saturday, March 29, 2014

The Haiku of Finance for 03/29/14

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Adjusting swap price Mark to market and disclose Complicated math
Wednesday, July 17, 2013

Pricing Credit With a Global Interbank Offered Rate - GIBOR

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Bankers can be as stupid as all get-out.  That should have been obvious after the recent revelations of collusion among bankers who fixed L...
Monday, December 03, 2012

Financial Sarcasm Roundup for 12/03/12

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My sarcasm spews forth in a torrent of verbiage.  It will cease when I am no longer alive.  No one can silence me; many have tried and none ...
Wednesday, May 16, 2012

The Haiku of Finance for 05/16/12

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JPM losses Hedging corp bond quality Guess how much remains
Wednesday, April 04, 2012

YRC Worldwide (YRCW) Worse Off Than Ever

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Poor, pathetic YRC Worldwide (YRCW).  No number of out-of-court restructurings can change its miserable circumstances.   Its credit defaul...
Sunday, March 11, 2012

The Limerick of Finance for 03/11/12

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The swap of Greek debt has just passed Some hedge funds no doubt took a blast Yet favorites remain Are investors insane? Their swap bet...
Saturday, March 10, 2012

ISDA Validates Greek Default

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A default is a default, no matter whether the debtor calls it a partial exchange or something else.   The ISDA finally admits as much in th...
Saturday, January 21, 2012

The Haiku of Finance for 01/21/12

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Greek debt swap drags out Final details unresolved Clock ticking for crash
Monday, November 07, 2011

Italy Worries Mount As Silvio Eyes Exit Sign Above Door

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Italy's timing is absolutely perfect.  Greece's ruling elite is just now wrapping up the cute show it put on for its populace to de...
Sunday, October 09, 2011

The Limerick of Finance for 10/09/11

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Investing?  How bad can it get? It's not safe to take a long bet Europe's bank plan is weak Credit prices will freak This marke...
Monday, October 03, 2011

Final Verge Of Last Ditch

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We've been hearing about doom for months and the financial cliff we were all supposed to have trundled off by now has turned into a lon...
Wednesday, March 23, 2011

Portugal Problems Portend Pounding

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Liberal use of the letter "P" in the title above is a cute lead-in to the financial problems Portugal is about to face: All op...
Wednesday, December 01, 2010

Fed's European Bailout Details Revealed

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Here's confirmation of something that has leaked out in pieces for many months.  The Fed's crisis backstop extended to Europe: T...
Friday, May 07, 2010

Europe Peering Over Brink While San Diego Tries To Step Back

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The prevailing wisdom holds that Greece's insolvency is mainly a problem for European banks and others holding sovereign debt.  CDS pric...
Wednesday, March 03, 2010

Germany Holds Fast to Denials of Greek Aid

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Rarely do we get to watch the death of multinational regimes in real time.  The last artificial empire to fall was the Soviet Union.  Now we...
Tuesday, June 02, 2009

Good At Losing Money? Start A Hedge Fund And Prove It!

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This just goes to show you how stupid the "smart money" really is. A money manager who risked his parent bank's solvency on de...
Wednesday, September 17, 2008

The Haiku of Finance for 09/17/08

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Credit default swaps Counterparty risk writ large Blew up AIG
Tuesday, August 12, 2008

Not A Silver Lining After All

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The Journal has this to say about credit default swaps : “If you are looking for a silver lining in these findings, it seems that most insti...