Adventures in Banking: Responsibility & Blame
Morgan Housel makes the delightful if infuriating observation that bank execs take credit — along with fat paychecks and even...
Sarkar on Greece
There has been a great deal written about Greece recently. I therefore, somewhat timidly, add my penny’s worth. The Syriza Party,...
The “Greek Issue”
Fascinating flowchart from Deutsche Bank: It is wrong to think that contagion stems only from Grexit. An excessive compromise with...
Super Mario Delivers
Mr Draghi (Super Mario) delivered yesterday, despite the leaks which virtually gave away the details of his announcement ahead of the...
Finally the details . . .
The ECB said the combined monthly purchases which includes ABS and covered bonds and now include sovereign and agency bonds will total...
No Crimes? That’s The Biggest Lie of the New Century
The Biggest Lie of the New Century The list of wrongdoing by banks is too long for senior executives to credibly claim that they were...
Are the Rating Agencies About to Get Their Comeuppance?
Making the Credit Raters Sweat Regulators may be getting ready to punish the credit rating companies for their role in the financial...
Finance’s Greatest Innovation: “Don’t Prosecute Us’
Banks Take the Economy Hostage Prosecutors are considering bringing criminal charges against two overseas banks for charges ranging from...