Go. Read. US Bank Exposure to Greece, part 3. The FT lets someone from Nomura argue that Kash’s declaration of U.S. bank exposure to Greek default in Part 2 (referenced here, but just go to Kash’s link for the gist) was overstated. Nomura and The FT lose the argument, badly. “Disasters for an economy — […]
I’m not going to do this with graphics (at least for now), but the finger exercise seems intuitive. Assume—against all evidence—that the “once we educated them, 30% said they would stop offering health insurance to their lowest-paid employees” study is accurate. How does that, as John Boehner declares, cost America jobs? From Boehner’s site: At […]
by run75441 The Medicare Sky Is Falling (Part 2) Chicken Little, Courtesy of “EW.Com Entertainment Weekly” Over at The Health Beat Blog, Maggie Mahar explains why the collapse of Medicare HI is less likely with the passage of healthcare reform. The Medicare “Crisis: A Shaggy Wolf Story. Potentially heading off the shortfall of Medicare funding […]
Alea gives the lie to that lie. Italy!!!?
Yahoo! News, Tuesday early afternoon Dr. Black, Wednesday, just before noon. Brad DeLong, about fifteen minutes after Dr. Black Me, Monday morning. But this isn’t a “First Mover” claim. It’s a note that there are no “savings” in getting rid of the website. There aren’t even the “registration fee” that applies to private enterprises. Commenter […]
I left out of the last post why David Vitter (claims) he is blocking the two SEC nominees: Sen. David Vitter (R., La.) will block two nominees to the Securities and Exchange Commission until the agency announces whether victims of R. Allen Stanford’s alleged Ponzi scheme are owed compensation from the Securities Investor Protection Corp….“We’ve […]
David Vitter (R-DiaperPuta) stands firm: Sen. David Vitter (R., La.) will block two nominees to the Securities and Exchange Commission…Daniel Gallagher Jr., a partner at the law firm Wilmer Cutler Pickering Hale & Dorr LLP who was nominated to join the SEC, and agency commissioner Luis Aguilar, who was nominated for a second term….both require […]
by Mike Kimel On the Job Market Recently, my employer went through a merger. As part of the process, my position disappeared. I turned down a different position that was offered, the result being that at the end of the month I will no longer be with my current employer. Yes, I am aware of […]
I wisecracked yesterday chez DeLong that, given the current political climate, I wouldn’t invest in a company without political connections using his money, let alone my own. What I didn’t realize at the time was that the Supreme Court already had decided earlier yesterday that investing in mutual funds should be a hazardous activity: Janus […]
Traditionally, non-commercial banking (i.e., everything except savings deposits and consumer loans) was about one of two things: Tax arbitrage or Regulatory arbitrage The rest is window dressing; that is, it was basic financial intermediation, usually for the purpose of helping Corporate and/or High Net Worth clients.* That was until the late 1990s and the Noughts, […]