FGIC: Let Us Split in Two
Privately held bond insurer Financial Guaranty Insurance Co. (FGIC) asked the NYS Insurance department to allow them to cleave them in...
The Monolines Are F#@%ed!
If you had any doubts that the Monolines (Ambac, MBIA, FGIC) were f$%#ed before, well, they should be totally eliminated from your mind...
Quote of the Day: Liquidity Trap
Is the Fed out of bullets? I wonder: "When an asset like real estate becomes overvalued, even if you drop interest rates...
FOMC Speech
I simply cannot muster the interest to listen to or read this testimony. Can’t even feign it. Would someone please do me a favor...
Housing and Monetary Policy
Interesting academic work on Housing Prices, Monetary Policy, and Subprime issues from Stanford’s John B. Taylor. ...
Real Retail Sales Growth Fall to 2003 Levels
Yesterday, we noted that the market "wanted" to rally, courtesy of its oversold condition. Dropping nearly 5% in the previous...
Sovereign Wealth Funds
Tim Iacono points to this cool WSJ map of Sovereign Wealth Funds: >click for interactive map
Open Thread: No Free Lunch?
In today’s WSJ, Art Laffer critiques the stimulus package: "In this world of ours, those resources going to the rebate...
Me Media: Prediction Markets in the NYT
(With apologies to Paul for stealing the headline) Last month, we took a look at Why Prediction Markets Fail, reviewing some of the more...