Kryptonite Caused GE’s Miss
The sub-prime problem is Kryptonite to GE. I’ll get to that in a minute, but before I do, a brief review. Last week, I questioned...
Could the US Lose its Triple AAA Credit Rating?
That’s the issue raised by a S&P report on government-sponsored enterprises (GSEs) — Fannie Mae (FNM), Freddie Mac (FRE)...
How Greenspan & Bernanke Invalidated Friedman
Hedge fund manager Scott Frew is a friend and occasional fishing partner. He had a few words to say about this morning’s discussion...
Chart of the Day: Spreads Relative to Historical Highs
Interesting chart via a recent IMF report: The chart above comes from Gary E., who also sends along this commentary: Angel...
Must See TV: Volcker’s Speech on Financial Crises
Paul A. Volcker on the credit crisis, Greenspan, Bernanke, etc. The rest of the speech touches on Bear Stearns, the Fed’s Mandate,...
Our Ass-Backwards Banking System
As the credit crunch metastasizes its way through the financial system, its worth recalling its simple origins: The lending of money to...
Taking Moody’s to Task
Moody’s (MCO) is one of the key enablers in the housing crisis and the sub-prime debacle. Considering the massive damage they are...
No Bottom Yet
Economists polled by the WSJ see the US in a Recession, sees more problems for Housing, more uncertainty with Credit, and more weakness...
Denver Foreclosures
Although Alan Greenspan may be looking for a bottom in housing soon, the folks in Denver, Colorado are not so lucky: USA Today has a...
The UnTradeables
There is an elephant in the room that I haven’t yet seen discussed: The UnTradeables. In our discussion last week on SFAS...