Credit Writedowns » crisis solutions http://www.creditwritedowns.com Finance, Economics and Markets Wed, 23 May 2012 16:15:53 +0000 en hourly 1 [Premium] On helicopter drops and wealth confiscation in Europe http://www.creditwritedowns.com/2012/05/premium-on-helicopter-drops-and-wealth-confiscation-in-europe.html http://www.creditwritedowns.com/2012/05/premium-on-helicopter-drops-and-wealth-confiscation-in-europe.html#comments Wed, 09 May 2012 19:18:01 +0000 Edward Harrison http://www.creditwritedowns.com/?p=44557 Hugh Hendry made some remarks about confiscation last week that I addressed in my TV appearance on RT's capital account (see video here). The gist of his comments was that he fears government's ability to confiscate wealth as a means of dealing with the economic crisis in Europe. On RT, I said that I didn't think the situation had reached that point in Europe and so I was not overly concerned. But I do want to flag comments by a major bank economist that touch on these issues

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Related Posts ]]> http://www.creditwritedowns.com/2012/05/premium-on-helicopter-drops-and-wealth-confiscation-in-europe.html/feed/ 0 Alan Blinder gets it http://www.creditwritedowns.com/2012/04/alan-blinder-gets-it.html http://www.creditwritedowns.com/2012/04/alan-blinder-gets-it.html#comments Thu, 05 Apr 2012 01:15:42 +0000 Edward Harrison http://www.creditwritedowns.com/?p=43663 I caught this statement from Alan Blinder in a debate on the New York Times about teaching economics. Clearly, Blinder sees a huge financial crisis and reflexively understands changes must be made

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Related Posts ]]> http://www.creditwritedowns.com/2012/04/alan-blinder-gets-it.html/feed/ 7 Big Bang or Endless Crisis? http://www.creditwritedowns.com/2010/12/european-debt-crisis.html http://www.creditwritedowns.com/2010/12/european-debt-crisis.html#comments Mon, 13 Dec 2010 14:30:23 +0000 Guest Author http://www.creditwritedowns.com/?p=23431 Muddling through isn’t working. This column argues that troubled Eurozone nations should simultaneously open restructuring talks while continuing to service their debts normally. Germany, France, and other core Eurozone nations would have to stand ready to recapitalise the banks most exposed to the restructured debt. The ECB would then stabilise the banking system and the EFSF would stabilise sovereign debt. This big bang could be prepared in a weekend; the market already seems to be pricing it in

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Related Posts No related posts. ]]> http://www.creditwritedowns.com/2010/12/european-debt-crisis.html/feed/ 0 The Swedish banking crisis response or the bailout hustle? http://www.creditwritedowns.com/2010/02/the-swedish-banking-crisis-response-or-the-bailout-hustle.html http://www.creditwritedowns.com/2010/02/the-swedish-banking-crisis-response-or-the-bailout-hustle.html#comments Mon, 22 Feb 2010 01:57:27 +0000 Edward Harrison http://www.creditwritedowns.com/?p=14172 I referenced Matt Taibbi’s latest work at Rolling Stone “Wall Street’s Bailout Hustle” recently when talking about a movie on Ponzi schemes and fraud that aired on 60 Minutes. I liked the piece and recommend you read it – fully aware of the awaiting hyperbole Taibbi uses to hype his case. The interesting bit is

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Related Posts ]]> http://www.creditwritedowns.com/2010/02/the-swedish-banking-crisis-response-or-the-bailout-hustle.html/feed/ 0 The year in review at Credit Writedowns: Crisis Solutions http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-crisis-solutions.html http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-crisis-solutions.html#comments Mon, 28 Dec 2009 17:41:03 +0000 Edward Harrison http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-crisis-solutions.html As we head into the New Year, I am trying to look back at the last one with some semblance of a coherent interpretation of events that leads to a strategic vision of the future.  I have already touched on stimulus, kleptocracy and crony capitalism as dominant themes for the year 2009.  These posts have

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Related Posts ]]> http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-crisis-solutions.html/feed/ 3 The year in review at Credit Writedowns – Kleptocracy http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-kleptocracy.html http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-kleptocracy.html#comments Wed, 23 Dec 2009 17:30:31 +0000 Edward Harrison http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-kleptocracy.html Yesterday, I indicated I would write a few thematic posts as a look back at some of the more important economic topics that this credit crisis has uncovered. Tying posts together in a theme definitely gives a better holistic view of a the themes than the posts do in isolation. But I also enjoy writing

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Related Posts ]]> http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-kleptocracy.html/feed/ 9 The year in review at Credit Writedowns – Stimulus http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-stimulus.html http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-stimulus.html#comments Tue, 22 Dec 2009 15:43:24 +0000 Edward Harrison http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-stimulus.html As we approach the new year, I have decided to write a few thematic posts as a look back at some of the more important economic topics that this credit crisis has uncovered. The thinking is that tying posts together in a theme might give a better holistic view of a few themes than the

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Related Posts ]]> http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-stimulus.html/feed/ 6 Stop the madness now! http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comments Fri, 20 Nov 2009 21:16:11 +0000 Edward Harrison http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html This is a post I just wrote over at Yves Smith’s site Naked Capitalism in response to a reader request. Marshall Auerback has already written a reply as well and I will post this later today. A reader at Naked Capitalism asked us to respond to a recent article from the Christian Science Monitor asking

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Related Posts No related posts. ]]> http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html/feed/ 3 What would an alternative to bailouts have looked like? http://www.creditwritedowns.com/2009/11/what-would-an-alternative-to-bailouts-have-looked-like.html http://www.creditwritedowns.com/2009/11/what-would-an-alternative-to-bailouts-have-looked-like.html#comments Thu, 19 Nov 2009 20:33:39 +0000 Edward Harrison http://www.creditwritedowns.com/2009/11/what-would-an-alternative-to-bailouts-have-looked-like.html I have written extensively about how I believe the bank bailouts were the worst of all possible solutions – fixes that perpetuate too big to fail, moral hazard and crony capitalism.  That ship has sailed, but the questions still linger – in large part because the fix has not trickled down to common folk to

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Related Posts ]]> http://www.creditwritedowns.com/2009/11/what-would-an-alternative-to-bailouts-have-looked-like.html/feed/ 1 The less optimistic view of Treasury’s handling of the crisis http://www.creditwritedowns.com/2009/11/the-less-optimistic-view-of-treasurys-handling-of-the-crisis.html http://www.creditwritedowns.com/2009/11/the-less-optimistic-view-of-treasurys-handling-of-the-crisis.html#comments Fri, 06 Nov 2009 19:01:05 +0000 Edward Harrison http://www.creditwritedowns.com/2009/11/the-less-optimistic-view-of-treasurys-handling-of-the-crisis.html The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from taxpayers to the banking industry. One need merely read the last post I wrote

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