Financial Innovation

Thank you for all of the

Cartoons — This was one of the best ones:


Category: Corporate Management, Credit, Derivatives

Level Three Assets: Banks & Brokers

Category: Uncategorized

300 Point Rallies: Final Point

Category: Contrary Indicators, Markets, Psychology

Home Equity Frenzy !

Category: Credit, Economy, Real Estate, Wages & Income

Down 97%: Tax Trouble Coming For States & Cities

Category: Credit, Derivatives, Earnings, Economy, Taxes and Policy

Economists Survey

Category: Economy

Bernanke Bailout

Category: Bailouts, Economy

Debt Forgiveness

Category: Credit

Central Bank Spam

Category: Federal Reserve, Web/Tech

The Battle Over the Bottom in Financials

Another fun discussion with Henry. As you can see, I have trouble forming an opinion . . .


Note: I have a great deal of respect for Tom Brown — like Dick Bove, another smart guy I hate being on the opposite side of a trade from — but he has simply been way too early in his bottom calls.

Street Fight: Analysts Battle Over the Bottom in Financials
Henry Blodget
Yahoo, August 12, 2008

See also:
RBS slumps to one of biggest losses in UK banking history
Angela Monaghan
Telegraph, 10:35am BST 08/08/20081

Wachovia boosts loss to $9.11 bln, cuts more jobs
Jonathan Stempel
Reuters Aug 11, 2008 7:02pm EDT

Michael Price Shorts Citigroup, Sees Few Banks to Buy   
Jeff Kearns
Bloomberg, Aug. 12 2008


Category: Corporate Management, Credit, Derivatives, Valuation, Video