The credit crisis has separated true libertarians from phony libertarians, and separated true liberals from phony liberals. The phony liberals have inadvertently mocked themselves throughout the entir… more →
a neoconservative, mugged by realityE. Cartman wrote 3 months ago: The credit crisis has separated true libertarians from phony libertarians, and separated true libera … more →
E. Cartman wrote 3 months ago: via [...] Net loss for the first quarter of 2008 was $151 million, compared to a net loss of $2.5 bi … more →
E. Cartman wrote 4 months ago: via The Bank of England has imposed a permanent news blackout on its £50bn-plus plan to ease the cr … more →
E. Cartman wrote 4 months ago: The bailout of Bear Stearns was, in effect, a bailout of JPMorgan Chase. Chase wrote the most credit … more →
E. Cartman wrote 4 months ago: I didn’t post this article at first, because I thought the financial press was making a much b … more →
E. Cartman wrote 5 months ago: Ambrose Evans-Pritchard: The Fed has been criticised for its rescue of Bear Stearns, which critics … more →
E. Cartman wrote 5 months ago: The SEC: … Fair value assumes the exchange of assets or liabilities in orderly transactions. U … more →
E. Cartman wrote 5 months ago: On March 17, Lehman dropped more than 40 percent in one day, at one point. How’d they survive? … more →
E. Cartman wrote 5 months ago: Bloomberg: Federal Home Loan Banks May Buy $150 Billion of Bonds (Update1) By Dawn Kopecki and Jody … more →
E. Cartman wrote 5 months ago: This .pdf is a good primer on why the credit unwind has a long, long way to go — regardless of … more →
E. Cartman wrote 5 months ago: … is down 26 30 33 37 percent in pre-market trading … Merrill: -16% Morgan Stanley: -12% … more →
E. Cartman wrote 5 months ago: Oil: $110 Gold: $1020 JPY-USD: Y97.3 USD-EUR: $1.58 Inflation: Who knows? But MZM is running at 16 p … more →
E. Cartman wrote 5 months ago: Wow. JPMorgan Buys Bear Stearns for $2 a Share After Clients Flee By Yalman Onaran March 16 (Bloomb … more →
E. Cartman wrote 5 months ago: With a hat tip to the redoubtable Mish Shedlock, let’s look at BSC’s balance sheet, view … more →
E. Cartman wrote 5 months ago: The late Bear Stearns (1923-2008), from 1985. (TOH Maoxian) … more →
E. Cartman wrote 5 months ago: LONDON: Financial market traders across London have been told by their firms to stop dealing with Be … more →
E. Cartman wrote 5 months ago: March 14 (Bloomberg) — Bear Stearns Cos. obtained emergency funding from JPMorgan Chase … more →
E. Cartman wrote 5 months ago: If this won’t awaken the all-bullish-all the time cult of optimism from its decade-long hypnos … more →
E. Cartman wrote 5 months ago: MBIA has kept up a game of begging for massive ratings concessions from Fitch in private, while tras … more →