From his column in today’s FT: Even this is too simple, once one allows for banking: Ireland’s net debt was a mere 12% of GDP in 2007 In other words,…

…Synthetic Structures: The trader then went on to tell me that Commercial Bank of Korea would sell credit default protection on bonds issued by the Commercial Bank of Korea. “That’s…

Not certain this link will work, but at Interfluidity, SRW replies to Karl Smith, closing with a sentiment with which I am very much in sympathy: It is not technocratic…

by Linda Beale Irish Bailout–impact on taxes uncertain crossposted with Ataxingmatter As plans for the $100 billion bailout of the Irish economy and banking system by the European Commission, International…

The NYT notes this morning: Ireland Will Apply for Bailout Package Irish finance minister Brian Lenihan confirmed today that Ireland had formally applied to Europe and the International Monetary Fund…

…any funds to the rest of the economy (though I don’t think he put it that way). With all the talk of Liquidity needs and Greek bonds, jck at Alea…

…them.) 2.Obama’s proposed chained-CPI cut would typically reduce benefits for 3 percent, and by as much as 6 percent for some recipients. 3.The White House’s decision to label this cut…

…also added the final two sentences. The post is a followup to a post from earlier Friday. I’ve also created an additional label: mainstream-journalism gimmickry. I’ve left the original rather…

…and since then, models have proliferated, transforming the name “Smith and Wesson .38” into a generic label for a particular style of gun, even clones that aren’t made by Smith…

…engaging in related to the so-called “fiscal cliff” created by the original Bush tax cuts (set to sunset en masse), the artificial debt ceiling (used by the GOP to exact…