Moody’s to Cut Ambac, MBIA AAA Rating
Looks like trouble for the monline duolines. Barring any further capital raise means a AA rating is inevitable: The world’s largest...
Sweetheart Deal for Rating Firms
Too little, way too late: "Under fire for the high ratings they awarded to subprime mortgage securities, three large credit rating...
Perception versus Value
"In the short term, the market is a ‘voting’ machine whereon countless individuals register choices that are product...
FASB Bombshell: FAS 140 to Eliminate QSPEs
The "qualified special-purpose entities" (QSPE) — those not unlike Enron-style SPVs in which many leveraged financial...
More Financial Turmoil
For the past year, we have been advising investors to steer clear of the Finance sector. As we noted yesterday, Lehman was in the market...
Financial Sector: Beware LEH, CIT
Every day, we run a series of screens, large and midcap, buys & sells, breakouts and breakdowns. Today, our Large Cap Sell Screen...
Financial Sector: Beware LEH, CIT (REPOST)
Note, this is a repost — the original (with comments) is the next post (Financial Sector: Beware LEH, CIT ») but or some reason...
That ’70s Show?
Paul Krugman discusses some of the differences between the current credit crisis and inflationary environment and the 1970s. Professor...
The Fall of Bear Stearns
If you haven’t read the Kate Kelly’s fantastic 3 part WSJ series about the Fall of Bear Stearns, you are missing out. (I...
Corporate Bailouts Through History
I came across an interesting piece in BusinessWeek from December 2007 on one of my favorite subjects: Corporate Bailouts Through History....