"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Friday, September 2, 2011

Credit-Default Swaps Paying the Most to Bonds Since 2009: Australia Credit

Credit-Default Swaps Paying the Most to Bonds Since 2009: Australia Credit
Bloomberg
The cost of credit-default swaps climbed faster than relative yields on corporate notes last month as Europe's debt crisis and the US credit rating downgrade spurred both gauges of investor sentiment to deteriorate. The Markit iTraxx Australia index of ...
Clock ticking on US Postal Service default
Reuters
By Emily Stephenson WASHINGTON, Sept 1 (Reuters) - Republican Representative Darrell Issa is pressuring Congress to act on his controversial plan to overhaul the US Postal Service by ticking down the days, hours, minutes and seconds until the ...
Financial Crisis Won't Derail U.K. Bank Overhaul, Cable Says
San Francisco Chronicle
Sept. 1 (Bloomberg) -- Business Secretary Vince Cable said global financial instability underscored the need to "press ahead" rather than delay a regulatory overhaul of Britain's banking industry. With the government-appointed Independent Commission on ...
Swaziland's financial crisis worsens — IMF
NewsDay
The fiscal crisis gripping Swaziland is deepening despite an emergency R2,4 billion loan from South Africa earlier this month, the International Monetary Fund (IMF) said on Thursday. An IMF delegation completed a two-week visit to Swaziland to ...
New operators must prove they won't repeat financial crisis
Worcester News
By Sarah Davies » NEW operators have been found for all of the Worcestershire care homes that were once run by Southern Cross. Workers' union GMB has released the names of 30 companies that are expected to take over 691 of 755 homes across Britain in ...
Aussie incomes hit by financial crisis
Stuff.co.nz
The global financial crisis has knocked a hole in Australian incomes and spread wealth more evenly, except in Western Australia. The latest income distribution Bureau of Statistics report shows every income band but the lowest went backwards before ...
ISDA Swaps Group Rebuffs Aurelius Claim of Texas Competitive Credit Event
Bloomberg
By Mary Childs - Thu Sep 01 18:05:34 GMT 2011 A committee of banks and investment firms unanimously rejected hedge fund Aurelius Capital Management LP's claim that Energy Future Holdings Corp. triggered payouts on $1.2 billion of credit-default swaps ...
Thales 5-year Credit Default Swap decreases 1.31 basis points falling for a ...
Military & Aerospace Electronics
Thales 5-year Credit Default Swap (HO.FR) fell 1.31 basis points (or 1.2%) to close at 110.91 basis points. The CDS fell for a second day on Wednesday bringing its two-day fall to 3.35 basis points or 2.9%. A decrease in spread is a bullish signal. ...
9am Briefing: Darling book describes Brown's 'volcanic' mood over financial crisis
Edinburgh Evening News
A NEW book by former Chancellor Alistair Darling reportedly describes Gordon Brown's mood as he sought to tackle the financial crisis in 2008 as "brutal and volcanic". The Edinburgh South-West MP is also said to claim the former Prime Minister ran a ...
REIT in Default on Office Complex
San Diego Business Journal
The locally based owner of Sorrento Technology Center in San Diego is in default on a loan of $11.6 million, according to its Aug. 15 filing with the Securities and Exchange Commission. In the filing, Pacific Office Properties Trust Inc. said it is in ...
Transit center firm in default, lagging on payments to city
La Crosse Tribune
The company handling retail space at La Crosse's new downtown transit station is in default of its lease and months behind on rent, city officials said. Madison-based Gorman & Co. had made no payment on the commercial lease until Tuesday, ...
UK financial crisis puts governement at loggerheads
FinancialNews.co.uk
By Financial News · September 1, 2011 · No comments The UK's financial crisis has put Conservative and Liberal Democrat ministers at odds with each other over plans for reforms to Britain's banks aimed at avoiding taxpayers' having to fund another ...
When a Bankruptcy 'Event' Doesn't Mean Bankruptcy
New York Times
Which version of “bankruptcy,” then, would you expect would apply to a bankruptcy trigger in a creditdefault swaps contract? Section 4.2 of the 2003 International Swaps and Derivatives Association's credit derivatives definition lists seven categories ...
Report: Central Wyo. College has highest loan default rates among state ...
The Republic
A federal education report shows that Central Wyoming College students default on their college loans within two years of repayment more than another other community college in the state. The US Education Department report for fiscal year 2008 showed a ...
Widespread default looms behind high-interest cash advances
한겨레
By Lee Jae-myong, Staff Writer and Kim Ji-hoon “It all started to fall apart when I began using the credit card cash service.” “Lee Myeong-su,” assumed name, 44, barely managed to get the words out as he spoke with the Hankyoreh on Wednesday in the ...
Yale federal funds at risk
Yale Daily News
Though the government's near-default this summer drew comparisons to the economic turmoil of 2008, the two crises will likely play out differently for Yale. When the economy tanked three years ago, Yale's endowment suffered, but the University's ...
The developing world economies rises following financial crisis ...
By Garry Peterson
The developing world economies rises following financial crisis. 2011 September 1. tags: development, economics, financial crisis, reOrient. by Garry Peterson. From the Economist, the GDP per person has risen rapidly in some developing ...
Resilience Science
Oversight Committee | US Postal Service | Default Countdown | The ...
By Alexis Levinson
Oversight launches website to save USPS, counts down to postal service default | 'An American icon is broke. The collapsing clunker: not a car make, not a bank. It's the United States Postal Service'
The Daily Caller
Should Greece be allowed to default? | Debating Europe
By Debating Europe
The risk is, of course, that a Greek default would send shockwaves through the fragile global economy and spark off another financial crisis of the kind seen following the 2008 collapse of Lehman Brothers in the US. With the benefit of ...
Debating Europe
Bespoke Investment Group - Think BIG - Bank of America Default Risk
Bank of America (BAC) shares have taken a huge hit recently, pushing its price-to -book close tofinancial crisis levels. Bank of America (BAC) credit default ...
www.bespokeinvest.com/.../bank-of-america-default-risk.html
Full-Fledged Credit Crisis May Be Ahead: Author - TheStreet
A full-blown global financial crisis isn't a matter of paranoia, according to one market expert, who says there's reason to be concerned.
www.thestreet.com/.../full-fledged-credit-crisis-may-be-ahead-...

Euro Crisis - Google News

Fiscal Cliff - Google News

Economics, interest rates, house prices, inflation, Bank of England

Markets News - Global Financial Market News

Financial Crisis

Jeremy Warner - Finance and business comments

Ambrose Evans-Pritchard - Finance and business comments

Jeff Randall - Business and politics comments

New Normal News

Views under the Palm

johnyah