Post Tagged with: "Lehman"
Can Greece CDS Trigger A European Lehman?
In my view, a CDS trigger could be a Lehman-style event, yes. Moreover, only a hard restructuring – meaning principal reduction would actually have any meaningful impact on peripheral CDS or interest rates. So, I expect the euro zone periphery to continue to remain under stress until we reach that point
Freddie Mac: Tone Deaf at the Top
By William K. Black Freddie Mac made a terse announcement Wednesday in a securities filing about the resignation of its chief operating officer, Bruce Witherell. Freddie said that Witherell resigned "for personal reasons." His departure was effective immediately and he received no termination benefits. He had been receiving several millions of dollars in annual compensation
Why was AIG rescued after Lehman had failed?
According to former German finance minister Peer Steinbrück, AIG’s rescue had a lot to do with European pressure. Steinbrück: The investment bank Lehman Brothers collapsed on Sept. 15, 2008, and the world’s largest insurance company, AIG, was threatened with the same fate. I’m convinced that if AIG had gone under, the financial sector would have
Bill Black: Lehman’s demise is "a story of fraud"
Veteran regulator believes Lehman Brothers is a case of fraud and believes the Feds need to bring charges. But, more than that, Black hones in one the mortgage fraud which underlies much of the speculative fervour in the market by citing the 60% of GSE eligible Citi loans which Citigroup executives indicated did not conform
Vicky Ward: On Lehman "we really do need prosecutors to get people into a courtroom"
Vicky Ward, author of "The Devil’s Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers," told Bloomberg that prosecutors need to get going if we are going to get any answers regarding why Lehman Brothers collapsed in a heap in the largest bankruptcy in US history and revealing a massive $150 billion
Links: 2010-04-13 Greek Bailout, Lehman Deceit and Peak Oil
Are ‘Austrians’ Self-Hating Keynesian Economists? – Coordination Problem Greek Bailout, Lehman Deceit, And Tim Geithner – The Baseline Scenario Lehman Used ‘Alter Ego’ to Transfer Risks – NYTimes.com World oil demand to hit record high this year: IEA | Reuters Peak Oil is Soooo …. May of 2008 – Paul Kedrosky Tim Duy’s Fed Watch:
Chanos: Where are the perp walks?
The New York Observer has a wonderful interview with Jim Chanos out today. In it, he talks about probable fraud and criminality at Lehman. I want to use his comments as a lead-in to a wider discussion about fraud and criminality in financial services. The Chanos interview reads: The Observer: Did anything surprise you about
Lehman chief warns of more big bank failures
Lehman Head Bryan Marsal has warned that Wall Street had not learned its lesson in the credit crisis and that another megabank bankruptcy is likely. Marsal made the remarks while in Berlin for a bankruptcy conference in an interview with German business daily Handelsblatt, which I have translated below. A link to the full German
Lehman Scandal: Where’s the Follow Up?
This is a post which originally appeared at New Deal 2.0 by Eliot Spitzer and Joshua Rosner. Eliot Spitzer is former governor of New York. He blogs for Slate.com. Joshua Rosner is managing director of an independent financial services research firm. It doesn’t take a rocket scientist — and certainly not an accountant — to
A quick video primer on Repo 105
Here is a good video from Marketplace Senior Editor Paddy Hirsch explaining the mechanics of the now infamous Lehman Brothers 105 transactions. One or two tidbits, first. Even though Hirsch mentions Lehman undertook these transactions to pretty itself up during the credit crisis, evidence shows they had been doing these sale Repo agreements since 2001.
Links: 2010-03-17 – China, Lehman and more
Lehman Brothers Lehman Hid Money With Help of Global Rules – DealBook Blog – NYTimes.com The Lehman Report: Is It Time for a Special Prosecutor?: Rational Irrationality : The New Yorker Lehman: Regulators Chose to Deny, Extend and Pretend « naked capitalism Another Disturbing Finding in Lehman Bros. Report | The Huffington Post Investigative Fund
Links: 2010-03-16 – More on Lehman’s accounting fraud
Lehman Lehman Whistle-Blower’s Fate: Fired – WSJ.com Blogs Beat the Press on the Lehman Brothers Scandal : CJR ABN Amro hielp Lehman bij manipulatie – Het Financieele Dagblad Dealbook Column – At Lehman, Watchdogs Saw It All – NYTimes.com Lehman’s Repo 105: More Than You Ever Wanted to Know – MarketBeat – WSJ Financial News