Hints and tips:
...- FT Alphaville Yield curve can’t drive profits if banks won’t lend – Rolfe Winkler One reason to actually worry about a flat yield curve – Atlanta Fed’s macroblog (2006)...
...Reuters columnist Rolfe Winkler, who’s been following the Citi capital debate for some time now, posted a good illustration of the problem: To be sure, there’s a degree of moral hazard involved here....
...Related links: More on maximum negative convexity – FT Alphaville Prepayment Speeds Show Signs of Life in Streamlined Refis – Structured Finance News Behind Freddie’s profit, rising NPAs – Rolfe Winkler...
...(A big hat tip to Reuters columnist Rolfe Winkler for spotting the below)....
...Reuters columnist Rolfe Winkler points us to a recent speech and presentation by Fed governor James Bullard....
...As former Option ARMageddon-er and now Reuters columnist Rolfe Winkler points out: The previous proposal was that banks in the hands of private equity would have to maintain Tier 1 capital of 15%, triple...
...Rolfe Winkler at Option ARMageddon points out that that temporary increase has hardly registered on FDIC’s official insurance commitments....
...Rolfe Winkler at Option ARMageddon has done us a favour. He’s typed up an 1897 article on booms and busts that bears an impressive resemblance to the current crisis....
...Rolfe Winkler at Option ARMageddon provides us with an update on US bank leverage. The latest table is at the top, the older one at the bottom. (Go here and here for details of the calculations)....
...Rolfe Winkler at Option ARMageddon makes a few points in favour of “The Mattress Savings Plan,” in the case of the US: 1) Banks are “effectively insolvent.” 2) FDIC doesn’t have the money to bail out the...
...This, for instance, is from an ABC interview with credit analyst Sean Egan (via Rolfe Winkler at Option ARMageddon): The failure of Citicorp would be absolutely catastrophic for the economy....
...Here is your bitter-sweet good news of the morning, from the Wall Street Journal (HT Rolfe Winkler): Citigroup Inc. is in talks with federal officials that could result in the U.S. government substantially...
...In any case, a key question — touched upon by Meredith Whitney in yesterday’s research note, is as Option ARMageddon’s Rolfe Winkler asks: … will the Federal Reserve be able to inflate the nominal price...
...(HT Rolfe Winkler at Option ARMageddon). Related links: New Year sales, Federal Reserve edition – FT Alphaville...
...To send further chills down taxpayers’ spines, see this calculation from Rolfe Winkler at Option ARMageddon: That’s frightening for a couple of reasons....
...Here’s Rolfe Winkler, from Option Armageddon, on the subject as it relates to Citi: There are plenty of slides talking about “Tier 1 Capital” and such....
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