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

Wednesday, October 26, 2011

It's too little, too late--Contagion and Your Capital (CNBC video)



Contagion & Your Capital It's too little too late because the figures are not enough, says Gemma Godfrey, Credo Capital head of research and investment committee, who weighs in on how a final plan for Europe is still causing concerns in the markets.



Jeffrey Friedman: Regulators' Ignorance Contributed to the Financial Crisis
AEIvideos
http://www.aei.org/event/100483 "Capital Standards, Regulatory Ignorance and the Financial Crisisof 2008" Jeffrey Friedman, University of Texas, Austin, and Critical Review.

Collyns Says Euro-Area Crisis a 'Serious Risk' to Recovery
BusinessWeek
The deterioration of Greece's finances have limited Europe's ability to battle the contagion, which threatens to pitch the country into default, rattle the banking system, infect Spain and Italy and tip the world economy into recession. ...
Viewpoint: Greece should default
BBC News
Jeffrey Miron, senior lecturer in economics at Harvard University, believes that the consequences of a Greek default are overstated. Not only would a default be better for Athens, it would have benefits for Europe too, he argues. ...
The Euro Zone's Commodities Contagion
Wall Street Journal
A full-blown crisis, with contagion effects, could freeze lending markets again or tighten them significantly. In this sense, the euro zone can still punch well above its weight. Just as Europe's globe-spanning links helped expand its regional wars ...
Default Or Inflate - The Only Options Left
Seeking Alpha
A plan that would justify the United States' central bank actions taken since the financial crisis began in 2008. Is a $1.3 trillion bailout package (which has been reported by Bloomberg) enough to prop up Greece, Spain, Italy, Portugal, and the other ...
Bank Bond Risk Increases as Finance Ministers' Meeting Canceled
BusinessWeek
By David Goodman Oct. 25 (Bloomberg) -- The cost of insuring against default on European bank debt rose as a meeting of European Union finance ministers scheduled for tomorrow was canceled and US consumer confidence unexpectedly fell. ...
School loan default lawsuits go back decades
The Tennessean
The number of federal student loan default recovery cases filed in federal court has risen to its highest total in eight years, with prosecutors across the nation filing more lawsuits to collect on college debts. Tennessee's 2009 college graduates ...
Financial Crisis and Emerging Markets
Asia Society
... Victor Z. Gao discusses promising prospects in China and Chinese dominance in shaping the global corporate agenda, at a discussion at the Asia Society May 18, 2009. Source:http://asiasociety.org/video/business/financial-crisis-and-emerging-markets.
EU's Juncker Says It's Important to Prevent Greek State Default
BusinessWeek
By Simone Meier Oct. 25 (Bloomberg) -- Luxembourg Prime Minister Jean- Claude Juncker, who heads a meeting of euro-region finance ministers, said it's important to avoid a Greek default. “We need to do everything to avoid a full or partial Greek ...
Fitch says LATAM banks well insulated from eurozone contagion
Reuters
Oct 25 - As negotiations over the scope of bank re-capitalization enter a decisive phase in Europe, Fitch sees little risk that a potential Eurozone funding crisis would spill over into Latin America's banking system. In most Latin American countries, ...
Smith Tower owner in default on big loan
The Seattle Times
The default was revealed in a news release Monday announcing sale of the $42.5 million mortgage, in which the broker representing the seller described the loan as "nonperforming." The buyer, New York-based CBRE Capital Partners, presumably paid much ...
Considering a default 401(k) withdrawal plan
Wall Street Journal (blog)
By Joe Light If you're nearing retirement and have accumulated even a modest amount of wealth, it makes good financial sense to use a chunk of it to buy an immediate annuity, which, in exchange for a lump sum, regularly pays out income until you die. ...
How USPS is meeting its Financial Crisis
Korea IT Times (press release)
The US Government Accountability Office (GAO) has recently pointed out the USPS's financial crisis as a risk factor for the government and retained USPS on its high risk list issued in February 2011. In order to tackle the financial problem, ...
Genworth Mortgage Unit Must Rebound or Run Off, Haines Says
BusinessWeek
The worst US housing crash in seven decades has hurt mortgage insurers, increasing claims to reimburse lenders when homeowners default and foreclosures fail to recoup costs. The cost to protect Genworth's debt from default has surged in the past year ...
Citigroup Sells $1 Billion of Bonds After Credit Risk Declines
BusinessWeek
Oct. 25 (Bloomberg) -- Citigroup Inc. sold $1 billion of 10-year senior notes after the cost to protect its debt from default dropped from the highest level in more than two years. The third-biggest US bank issued the 4.5 percent bonds to yield 245 ...
Greek default 'is not a painless option', warns Capital Economics
Fundweb
Greek default would be less painful than the collapse of Lehmans in the short term although the effects could be far more wide-reaching in the long run, according to Capital Economics. Eurozone leaders will meet tomorrow in the hope of finalising a ...
Financial Crisis Reduces Mortgage Refinance Rates
PPC News
Due to the financial crisis, the economy has been in trouble over the last few years. This has led to changes in the Mortgage Refinance rates. In the majority of cases, they have been reduced. This has been due to a number of factors, but most of all ...
Corporate Bond Risk Rises in Europe, Credit-Default Swaps Show
BusinessWeek
By Michael Shanahan Oct. 25 (Bloomberg) -- The cost of insuring against default on European corporate debt rose, according to traders of credit- default swaps. Contracts on the Markit iTraxx Crossover Index of 50 companies with mostly high-yield credit ...
Don't expect resolution of euro zone issues on Wed: RBS
Moneycontrol.com
“We will get some agreement on what the final size of the expanded European financial stability facility (EFSF) might be on the measures taken to recapitalize banks in the event of a Greek sovereign default,” he explained in an interview to CNBC-TV18. ...
Will the plans be enough to prevent contagion and an EU catastrophe?
FX-MM
As the battles and discussions go on behind the scenes markets remain optimistic that the plans will be enough to prevent contagion and an EU catastrophe. The FTSE's two and a half month high has been attracting clients to sell into the index as they ...
The Role of Boards of Directors in the Financial Crisis [CPA Journal, The]
Insurance News Net (press release)
In the wake of the 2008 financial crisis, Wall Street bankers, government regulators, academics, and the general public all asked one simple question: 'Why?" The answer to this question is important to the task of figuring out how to prevent such an ...
APRA compels banks to draw up recovery plans for future financial crisis
The Australian
APRA's John Laker does not want to see banks relying on the Reserve Bank, or capital raising, in the event of another financial crisis. Picture: Aaron Francis Source: The Australian THE top four Australian banks have been ordered to prepare "recovery ...
Would Women Leaders Have Prevented the Global Financial Crisis?
truthout
While there is an important gender angle to the financial crisis, it is not about differences in traits that men and women presumably “bring with them” to their work. In a recent paper, I discuss how low-quality behavioral research and associated media ...
The Real Debt Crisis Contagion Risk :: The Market Oracle ...
The Real Debt Crisis Contagion Risk :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website. ... 4.UK Inflation Accelerates to CPI 5.2%, Bankrupt Britain's Stealth DebtDefault Continues - Nadeem_Walayat. 5. ...
The Market Oracle
ECB Bini Smaghi: Debt Restructuring Brings Contagion Danger ...
ECB Bini Smaghi: Debt Restructuring Brings Contagion Danger. By Market News ... summer, “contagion has spread progressively to the core of the euro area, as ... In August, contagion spread to Italy and Spain, driving up their yields and ...
ForexLive
Two Greek Stocks To Consider – After Default — Clearing and ...
By RSS Feed
Or voter unrest at home may force Germany and the other lender states to cut off Greece's lifeline and simply deal with the consequences of default on their own banking systems. But whether it happens today, tomorrow, or next year, a Greek ...
Clearing and Settlement — Clearing...
Depression, Sovereign Default Are Top Extreme Risks | CFO ...
By melba.bernad
Sovereign default has risen four places to second position in Towers Watson's ranking of the top fifteen extreme risks while depression retains the top position and hyperinflation moves to third.
CFOi RSS
Reserve Bank of India warns of another global financial crisis ...
MUMBAI: Reserve Bank of India (RBI) has warned of another financial crisis brewing, as global liquidity becomes a concern amidst central banks pegging their ...
articles.economictimes.indiatimes.com/.../30301367_1_financi...

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