Helicopter Drop Amusing cartoon, via Jim Sinclair: What’s so amazing about this is the following: When the inter-bank rate, set by the open... Read More
Credit Crunch: Global Map The FT has a wonderful interactive map of the global impact of the credit crisis: click for interactive chart Hat tip: Trading for... Read More
Open Thread: Rescue Me! (Since I hate embedded sounds, you can play this if you choose: Rescue_Me) >As we noted earlier today, the Fed, along with a slew of... Read More
Constant Obligation Leveraged Originated Structured Oscillating... This bit of humor has been circulating around Wall Street the past few days: Investment Dealers are excited to announce the newest... Read More
Time to Warm Up The Helicopters? A few items worth passing along this morning: The "contained" housing slowdown, and the "contained" subprime... Read More
Advice for Rich Uncles and Others . . . I am going to relate an anecdotal tale that, as far as I can tell, is true. The actual story matters much less than the lessons it... Read More
Open Thread: Bear Stearns On last night’s Kudlow & Company, I took some heat for my criticism of David Malpass’ ill-timed WSJ Op-Ed (The... Read More
A Short History of the Credit Boom & Bust Run don’t walk to read the WSJ page one article on How Credit Got So Easy And Why It’s Tightening. > Kudos to Jon and... Read More
Notice to Loan Officers/Brokers The following comes from a major U.S. mortgage writer. It is typical of what has been going on in the mortgage business over the past few... Read More
The “Chutzpah” of Bear Stearns "Chutzpah" (חֻצְפָּה) is a Yiddish word. It is defined as brazen audacity to the nth degree. It is used to... Read More