Streetwise Blog submits:
By Tara Perkins
Fairfax Financial (FRFHF.PK) has its fingers crossed that U.S. President Barack Obama won’t bow to pressure to curb trading of credit default swaps.
Streetwise Blog submits:
By Tara Perkins
Fairfax Financial (FRFHF.PK) has its fingers crossed that U.S. President Barack Obama won’t bow to pressure to curb trading of credit default swaps.
Andrew Horowitz submits:
On March 9, 2009, a private letter to Citi (C) employees was “leaked”, helping to drive the stock and markets higher.
Here is a snippet from the St. Louis Biz Journal from March 10, 2009:
Research Recap submits:
As the UK financial sector slowly emerges from the recent crisis, the extraordinary support from which the country’s banking system has benefited is likely to be gradually withdrawn, Moody’s Investors Service says in a new Special Comment.
Moody’s expects that — over the next one to three years — it will phase out the extraordinary support assumptions currently incorporated into the senior debt and deposit ratings of a number of UK financial institutions and revert to its lower, pre-crisis support assumptions. Any resulting rating migration is expected to be gradual.
Streetwise Blog submits:
By Boyd Erman
One quarter of (relatively) good news on bad loans in the U.S. is little cause for optimism about the nation’s banks, according to Moody’s Investors Service, which goes some way to explaining why Canadian banks have still not deployed any of their mounting capital reserves.
Felix Salmon submits:
Judd Bagley submits:
Nearly one year after its original date of publication, my video, Hedge funds and the global economic meltdown has finally received its first bit of serious criticism, the lack of which, up to this point, had begun to bother me because it suggested that not enough smart people were paying attention.
As I mentioned, that changed this week when Mike “Mish” Shedlock of SitkaPacific Capital Management analyzed the video on Seeking Alpha and managed to make a compelling contrary case.
optionMONSTER submits:
By Bryan McCormick
The Financial Select Sector SPDR exchange-traded fund (XLF) is reaching a breakout level at the $15.50 area.
Gary Greenberg submits:
[This is an updated version of what is one of the most popular entries on my blog, written in early June 2009.]
It has been my position since August 2007 that the need for greater transparency and the restarting of the securitization market are inexorably linked, unless governments intend to be the Buyers of Last (Only) Resort far into the future.
Karl Smith submits:
By Adam Ozimek
The proposed Consumer Financial Protection Agency was supposed to regulate payday loans – those extremely high interest rate short term loans – but it now appears that it may not. This could turn out to be a good thing for consumers, since the best way to help payday borrowers might be to deregulate the industry…. Bear with me, I know that sounds ridiculous.
Nicholas Marshi submits:
If you take a big picture view of the Business Development Company (BDC) industry, there is no question that matters are looking up. Stock prices are jumping, dividends are being maintained or raised and balance sheets are being rejiggered to take advantage of the nascent recovery.
Nonetheless, it’s not all easy sailing for investors in this space as the news from three very different companies has underscored in recent weeks. We thought it would be interesting to compare and contrast recent developments at Main Street Capital (MAIN), Hercules Technology (HTGC) and Medallion Financial (TAXI).
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