Credit Writedowns » Lehman

Can Greece CDS Trigger A European Lehman?

Edward Harrison — Tue, 14 Jun 2011 01:51:04 +0000

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

Credit Writedowns Pro is live. Sign up today for premium content.
Can Greece CDS Trigger A European Lehman? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Greece will eventually restructure 24 May 2011

Freddie Mac: Tone Deaf at the Top

William Black — Fri, 11 Feb 2011 12:50:34 +0000

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

Credit Writedowns Pro is live. Sign up today for premium content.
Freddie Mac: Tone Deaf at the Top originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Everyone’s talking about Fannie and Freddie 10 Jul 2008
CDS Market: Did Fannie and Freddie Default? 8 Sep 2008
Freddie and Fannie taken over by US government 7 Sep 2008

Why was AIG rescued after Lehman had failed?

Edward Harrison — Wed, 22 Sep 2010 21:48:53 +0000

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

Credit Writedowns Pro is live. Sign up today for premium content.
Why was AIG rescued after Lehman had failed? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Why Lehman failed 17 Sep 2008
Lehman was bankrupt 15 Oct 2008
Will Lehman be bought on Sep 13th? 11 Sep 2008

Bill Black: Lehman’s demise is "a story of fraud"

Edward Harrison — Wed, 21 Apr 2010 01:08:05 +0000

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

Credit Writedowns Pro is live. Sign up today for premium content.
Bill Black: Lehman’s demise is "a story of fraud" originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Mortgage fraud indictments result from media investigation 17 Mar 2010
FBI warns of mortgage fraud ‘epidemic’: Seeks to head off ‘next S&L crisis’ 30 Mar 2010
The alleged Stanford fraud 18 Feb 2009

Vicky Ward: On Lehman "we really do need prosecutors to get people into a courtroom"

Edward Harrison — Thu, 15 Apr 2010 17:16:05 +0000

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

Credit Writedowns Pro is live. Sign up today for premium content.
Vicky Ward: On Lehman "we really do need prosecutors to get people into a courtroom" originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Lehman missed out on $5 billion from Korea 20 Aug 2008
Links: 2010-03-13 – Fed’s Lehman Repos, States may hold onto tax refunds 13 Mar 2010
Why Lehman failed 17 Sep 2008

Links: 2010-04-13 Greek Bailout, Lehman Deceit and Peak Oil

Edward Harrison — Tue, 13 Apr 2010 14:36:24 +0000

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:

Credit Writedowns Pro is live. Sign up today for premium content.
Links: 2010-04-13 Greek Bailout, Lehman Deceit and Peak Oil originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Links: 2010-03-17 – China, Lehman and more 17 Mar 2010
Links: 2010-03-16 – More on Lehman’s accounting fraud 16 Mar 2010
Links: 2010-03-13 – Fed’s Lehman Repos, States may hold onto tax refunds 13 Mar 2010

Chanos: Where are the perp walks?

Edward Harrison — Wed, 24 Mar 2010 17:20:33 +0000

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

Credit Writedowns Pro is live. Sign up today for premium content.
Chanos: Where are the perp walks? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Lehman chief warns of more big bank failures

Edward Harrison — Wed, 24 Mar 2010 10:56:50 +0000

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

Credit Writedowns Pro is live. Sign up today for premium content.
Lehman chief warns of more big bank failures originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Why Lehman failed 17 Sep 2008
Lehman was bankrupt 15 Oct 2008
Will Lehman be bought on Sep 13th? 11 Sep 2008

Lehman Scandal: Where’s the Follow Up?

Edward Harrison — Tue, 23 Mar 2010 15:26:04 +0000

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

Credit Writedowns Pro is live. Sign up today for premium content.
Lehman Scandal: Where’s the Follow Up? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Why Lehman failed 17 Sep 2008
Lehman Brothers: no buyers yet 14 Sep 2008
Lehman was bankrupt 15 Oct 2008

A quick video primer on Repo 105

Edward Harrison — Fri, 19 Mar 2010 13:00:00 +0000

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.

Credit Writedowns Pro is live. Sign up today for premium content.
A quick video primer on Repo 105 originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Lehman Brothers: a primer on Credit Default Swaps 11 Oct 2008
Why Lehman failed 17 Sep 2008