As I’d mentioned in a post one week ago, the ABX indices were hitting lows. Today I checked again, and every single price is at all time lows. The ABX ...
A gripping story about Dick Fuld and Lehman Brothers (Bloomberg): The end came after months of frantic activity to find a solution — reaching out to, ...
Bloomberg: General Motors Says It May Run Out of Operating Cash This Year General Motors Corp., seeking U.S. aid to avoid collapse, said it may not have enough ...
Increasing liquidity (TED spread at 2!) hasn’t helped subprime prices it seems. The Markit ABX prices, for 07-2 AAA (The AAA tranche of home equity ABS ...
Three auctions for Credit Default Swaps of the three Icelandic banks that failed (Glitnir, Landsbanki and Kaupthing) have been completed today. (CDS is ...
First, since everyone already knows, let me be one of the last to congratulate Obama on a thumping victory over McCain. Obama inherits a horrendously bad ...
S. Gurumurthy: Dollar on escalator and rupee on ventilator In the four years from 2002-03 to 2005-06 the RBI had purchased $75 billion. When it was buying ...
Michael Lewis: This hedge fund manager tried to short himself As the trading room filled with smoke, and acquired that only sweet smell I know that is not ...
RBI has relaxed the ECB regulations in a notice posted today: 3. Henceforth, ECB up to USD 500 million per borrower per financial year would be permitted for ...
