Chuck Prince Discovers the Housing Slump
An amusing Bloomberg article details the difficulties that former Citigroup Inc. CEO Chuck’ Prince III is having selling hios...
Washington Post: Boom, Bust & Aftermath Part III
The 3rd and final part of the WaPo series is posted, and this one is subtitled: "How the housing bust started a panic in Florida,...
Read It Here First: Half of Wall St. Profits Are Gone (So Far)
Last year, we looked at the issue of risk adjusted gains for the S&P500, and most especially for the Financial sector. At the time,...
How Did Lehman Delever?
Naked Capitalism looks at the question "Just How Did Lehman Delever?" I tracked Lehman’s (LEH) stock action before and...
Metals Conference: Currency, Fed policy, and Debt
If anyone is around Central Park South today, I am giving a short presentation on currency, Fed policy, and debt and how it impacts...
Washington Post: Boom, Bust & Aftermath Part II
> Part II of the WaPo Real Estate & Credit series we mentioned yesterday is out today. A few excerpts after the jump will give you...
Washington Post: Boom, Bust & Aftermath
Following last week’s absurdity (WashPost Blames HUD for Housing/Credit Crisis), the Washington Post pays penance with a 3 part...
Foreclosures Up 48% in May
RealtyTrac, which assembles foreclosure data on a state and national basis, notes that one in every 483 U.S. households received a...
Updating Lehman Sell Call
2 weeks ago, we reiterated a previous Sell on Lehman Brothers (LEH). That worked out pretty well. Even with the Dow up 160 points today...
Future of Financials
As investment banks look to raise new capital and calm the turbulent waves they’ve been riding, the recovery is far from soon, says...