BLOG.JMHAMILTONPUBLISHING.COM: Monthly Archives for June 2010

"In the final version, U.S. banks including Goldman Sachs Group Inc. and Citigroup Inc. may have as long as a dozen years to reduce stakes in hedge funds and private-equity units, lawyers say."

Posted by J.M. Hamilton Blog at 6/30/2010 7:16 PM | Add Comment

“Deteriorating”

Posted by J.M. Hamilton Blog at 6/30/2010 7:15 PM | Add Comment

Amazing. Further Proof that Reality is Stranger than Fiction: Cassano Before Congress!

Posted by J.M. Hamilton Blog at 6/30/2010 7:14 PM | Add Comment

Interesting Word Choice, of Course Goldman Felt "Insulated", Thanks to Mr. Paulson and Geithner: "A Goldman spokesman said that he did not agree with that report’s assertion, noting that his firm considered itself to be insulated from possible losses."

Posted by J.M. Hamilton Blog at 6/30/2010 5:44 AM | Add Comment

The Problem with the Keynesian Model: "In an ideal world, countries would pair more short-term spending and tax cuts with long-term spending cuts and tax increases. But not a single big country has figured out, politically, how to do that."

Posted by J.M. Hamilton Blog at 6/29/2010 10:36 PM | Add Comment

All Systems Go? "Senator Maria Cantwell, Democrat of Washington, who also opposed the bill, has not said how she will vote..."

Posted by J.M. Hamilton Blog at 6/29/2010 10:35 PM | Add Comment

"Suspicions linger in the Obama White House that he (Patraeus) might harbor secret political ambitions and could pose a fierce challenge to Democrats some day."

Posted by J.M. Hamilton Blog at 6/29/2010 6:45 PM | Add Comment

"They met as a plunge in global stocks pushed the Standard & Poor’s 500 Index to its lowest close since October and three days before a government report is forecast to show the economy lost jobs for the first time this year."

Posted by J.M. Hamilton Blog at 6/29/2010 6:44 PM | Add Comment

"Owing to the constraints of space imposed by a print publication, I had to give short shrift to the considered opinions of these distinguished economists. I should like to remedy that partially here."

Posted by J.M. Hamilton Blog at 6/29/2010 6:43 PM | Add Comment

"We are now, I fear, in the early stages of a third depression."

Posted by J.M. Hamilton Blog at 6/29/2010 6:42 PM | Add Comment

The Activist Robert's Court: "The centerpiece of the last term was, of course, the 5-to-4 decision in Citizens United, allowing unlimited corporate spending in elections."

Posted by J.M. Hamilton Blog at 6/29/2010 6:40 PM | Add Comment

SOX Alive.

Posted by J.M. Hamilton Blog at 6/28/2010 7:24 PM | Add Comment

"Mr. Feingold said he still did not believe the legislation would be able to stop another financial crisis."

Posted by J.M. Hamilton Blog at 6/28/2010 7:19 PM | Add Comment

Is Propping Up Troubled World Banks, Prolonging the Recession, and Holding Up a World Recovery? ... Answer: Absolutely! Just Ask Japan!

Posted by J.M. Hamilton Blog at 6/28/2010 7:11 PM | Add Comment

Time to Bail? "I do not intend to appropriate one more dime for assistance to Afghanistan until I have confidence that U.S. taxpayer money is not being abused to line the pockets of corrupt Afghan government officials, drug lords, and terrorists."

Posted by J.M. Hamilton Blog at 6/28/2010 6:58 PM | Add Comment

"(Cantwell) argued that a change made by Democrats on the Banking Committee would give banks too much authority to decide what trades needed to be registered on a clearinghouse. She also wanted more transparency of the largely unregulated markets."

Posted by J.M. Hamilton Blog at 6/28/2010 6:51 PM | Add Comment

"BP, however, remained committed to the aggressive trading that brought in billions annually — as much as a fifth of the company’s total profits — according to interviews with experts, government officials and other traders."

Posted by J.M. Hamilton Blog at 6/28/2010 6:42 PM | Add Comment

Basel 3 Punts!

Posted by J.M. Hamilton Blog at 6/28/2010 6:32 PM | Add Comment

“Aiming for a gradually improving debt-to-G.D.P. ratio by 2016 is hardly wild-eyed fiscal conservatism.” But Does Reflect the Fiscal Realities Visited Upon the Global Economy by Bankers Run Amok!

Posted by J.M. Hamilton Blog at 6/28/2010 6:46 AM | Add Comment

National Review: "President Obama was fully justified in dismissing Gen. Stanley McChrystal."

Posted by J.M. Hamilton Blog at 6/27/2010 1:47 PM | Add Comment

"Liberals argued that the capitalist system could not survive its internal or external threats unless it was tempered and constrained by government regulation."

Posted by J.M. Hamilton Blog at 6/27/2010 1:22 PM | Add Comment

M3 Continues to Plummet!

Posted by J.M. Hamilton Blog at 6/27/2010 9:45 AM | Add Comment

"Impeding trade in conflict minerals is also a piece of the Congo puzzle, and because of public pressure, a group of companies led by Intel and Motorola is now developing a process to audit origins of tantalum in supply chains."

Posted by J.M. Hamilton Blog at 6/27/2010 7:48 AM | Add Comment

"Free Trade" But At Who's Expense? Labor Arbitrage on the March, Again!!!

Posted by J.M. Hamilton Blog at 6/27/2010 7:46 AM | Add Comment

Vague Bank Reform Bill - Leaves Responsibility for Enforcement In the Hands of the Regulators, Who Failed America and American Business in 2008: The Fed, FDIC, SEC, Office of the Comptroller

Posted by J.M. Hamilton Blog at 6/27/2010 5:26 AM | Add Comment

"It turns out that the lethality of terrorist organizations is correlated with the ability of their parent organizations to provide benign social services to their constituencies."

Posted by J.M. Hamilton Blog at 6/26/2010 5:13 PM | Add Comment

Tracking Toxic Assets

Posted by J.M. Hamilton Blog at 6/26/2010 4:55 PM | Add Comment

"This is business as usual, with some moderation.”

Posted by J.M. Hamilton Blog at 6/26/2010 4:52 PM | Add Comment

Brooksley Born, a former CFTC chairman, no doubt caused heartburn for the exchanges, their shareholders and high-frequency traders when she fretted, "I am concerned the usefulness of the market for traditional investors is being harmed."

Posted by J.M. Hamilton Blog at 6/26/2010 4:32 PM | Add Comment

... the Federal Open Market Committee last week reaffirmed its federal-funds rate target at a rock-bottom 0.00% to 0.25% and its intent to hold the key rate at "exceptionally low" levels "for an extended period."

Posted by J.M. Hamilton Blog at 6/26/2010 4:26 PM | Add Comment

"Rarely," exclaims ISI, "has federal legislation so substantially reduced the profitability of major U.S. companies."

Posted by J.M. Hamilton Blog at 6/26/2010 9:12 AM | Add Comment

“I don’t have the kind of ego that would tell you we have absolutely solved these problems,” Dodd said. “We won’t know until we face the next economic crisis.”

Posted by J.M. Hamilton Blog at 6/26/2010 7:14 AM | Add Comment

For President Obama: Two Leadership Victories (New Military Management in Afghanistan; and the B.P. Fund); And One Legislative Compromise Too Many (Bank Reform). Unfortunately, getting bank reform right is probably more important to this Nation's future.

Posted by J.M. Hamilton Blog at 6/26/2010 4:48 AM | Add Comment

Migration of Estimated BP Disaster Flows - Over Time!

Posted by J.M. Hamilton Blog at 6/25/2010 7:17 PM | Add Comment

“The credit ratings agencies keep rating the too-big-to-fail banks higher than everybody else, and they say it’s because of the implicit government support,” he added.

Posted by J.M. Hamilton Blog at 6/25/2010 7:02 PM | Add Comment

The legislation is “largely a fig leaf,” said Dean Baker, co-director of the Center for Economic and Policy Research in Washington. “Given where we were when this got started, I’d have to imagine the Wall Street firms are pretty happy.”

Posted by J.M. Hamilton Blog at 6/25/2010 6:56 PM | Add Comment

A senior White House official said, “We don’t believe there’s anything untoward about these meetings, and we don’t think that represents any special access for lobbyists.”

Posted by J.M. Hamilton Blog at 6/25/2010 6:51 PM | Add Comment

Timely Natural Gas Purchases by Big Oil....

Posted by J.M. Hamilton Blog at 6/25/2010 6:44 PM | Add Comment

A spokesman for Mitsui Oil Exploration of Japan, which owns the remaining 10 percent of the well, said the company had given up its interest in oil from the well. “All revenues obtained from the sale of that oil should go to assist those affected."

Posted by J.M. Hamilton Blog at 6/25/2010 6:38 PM | Add Comment

“I’m paying very close attention to make sure that they execute. And I will be insisting on extraordinary performance moving forward.”

Posted by J.M. Hamilton Blog at 6/25/2010 6:37 PM | Add Comment

Private Equity Amasses Huge War Chest…. Cash Rich Corporations Beware!

Posted by J.M. Hamilton Blog at 6/25/2010 5:43 AM | Add Comment

Dodd Should Stop Making Compromises on Bank Reform Legislation. If Senators Don't Want to Vote for Real Reform, Then the Nation Can Vote Them Out of Office in November!

Posted by J.M. Hamilton Blog at 6/24/2010 6:50 PM | Add Comment

"In a separate motion, several environmental groups requested that Judge Feldman disclose a more recent financial statement."

Posted by J.M. Hamilton Blog at 6/24/2010 6:49 PM | Add Comment

Vice President Dick Cheney is famously associated with the catch phrase, “deficits don’t matter.”

Posted by J.M. Hamilton Blog at 6/24/2010 6:48 PM | Add Comment

Global Labor Costs - A Comparison

Posted by J.M. Hamilton Blog at 6/24/2010 6:47 PM | Add Comment

Senate Negotiators to Offer Plan to Strengthen Volcker Rule

Posted by J.M. Hamilton Blog at 6/24/2010 6:45 PM | Add Comment

Millionaires Dubious Above Government Regulators Ability to Protect Their Wealth...

Posted by J.M. Hamilton Blog at 6/24/2010 6:44 PM | Add Comment

House Republican Leadership - Embraces Joe Barton!

Posted by J.M. Hamilton Blog at 6/23/2010 7:22 PM | Add Comment

"Bank lobbyists, often working closely with Republicans, have tried to block or water down the bill but have had limited success in the face of widespread voter anger at Wall Street."

Posted by J.M. Hamilton Blog at 6/23/2010 7:19 PM | Add Comment

“As difficult as it is to lose General McChrystal, I believe it is the right decision for our national security.”

Posted by J.M. Hamilton Blog at 6/23/2010 7:17 PM | Add Comment

Oil Flowing Freely Again, in the Gulf???

Posted by J.M. Hamilton Blog at 6/23/2010 7:16 PM | Add Comment

Financial Reform Beginning to Look Like Swiss Cheese...

Posted by J.M. Hamilton Blog at 6/23/2010 7:15 PM | Add Comment

Excellent, So Where are the Repaid TARP Funds, and Profits?

Posted by J.M. Hamilton Blog at 6/23/2010 7:14 PM | Add Comment

"The State of Louisiana filed a brief supporting the lawsuit, arguing that the moratorium would damage its economy."

Posted by J.M. Hamilton Blog at 6/22/2010 7:03 PM | Add Comment

"The Interior Department, which oversees offshore drilling, said despite the ruling, the firms still had to meet new safety and environmental rules before they could resume operations."

Posted by J.M. Hamilton Blog at 6/22/2010 6:52 PM | Add Comment

Part I: The Runaway General

Posted by J.M. Hamilton Blog at 6/22/2010 6:44 PM | Add Comment

Part II: The Runaway General

Posted by J.M. Hamilton Blog at 6/22/2010 6:41 PM | Add Comment

Retro Blog: Gates Rebukes McChrystal

Posted by J.M. Hamilton Blog at 6/22/2010 6:34 PM | Add Comment

"Where were you, Senator?”

Posted by J.M. Hamilton Blog at 6/22/2010 5:59 AM | Add Comment

AIG in No Hurry to Pay Back Taxpayers and the Government is Fine with It....

Posted by J.M. Hamilton Blog at 6/21/2010 8:12 PM | Add Comment

"Louisiana Governor Bobby Jindal, a Republican critic of the Obama administration's handling of the spill, has sided with the (Oil) companies in the case."

Posted by J.M. Hamilton Blog at 6/21/2010 7:53 PM | Add Comment

With AIG's Ability, And Or Desire, to Pay Back Taxpayers in Question.... It Makes Sense for the SEC to Go After ICP...

Posted by J.M. Hamilton Blog at 6/21/2010 7:51 PM | Add Comment

Dodd, Brown and Frank: Say It Isn't So???

Posted by J.M. Hamilton Blog at 6/21/2010 7:51 PM | Add Comment

Slave Labor Growing Restless.... Looks like the Cost of Ipads Maybe going Up!

Posted by J.M. Hamilton Blog at 6/21/2010 7:49 PM | Add Comment

Zombie Banks - The Japenese Lost Decade Arrives on U.S. Shores?

Posted by J.M. Hamilton Blog at 6/21/2010 6:26 AM | Add Comment

"Drug companies are all too accustomed to being told what to charge, except in the U.S."

Posted by J.M. Hamilton Blog at 6/20/2010 8:34 AM | Add Comment

"However, much of that appears to have been due to the fact that banks are paying next to nothing on deposits and are able to generate much higher returns on government paper," according to BCA.

Posted by J.M. Hamilton Blog at 6/20/2010 8:33 AM | Add Comment

“I can tell you that yacht ought to be here skimming and cleaning up a lot of the oil,” Mr. Shelby said.

Posted by J.M. Hamilton Blog at 6/20/2010 8:32 AM | Add Comment

“When Ken Salazar became my secretary of the interior, one of his very first acts was to clean up the worst of the corruption at this agency,” Mr. Obama said. “... the problem there ran much deeper, and the pace of reform was just too slow."

Posted by J.M. Hamilton Blog at 6/20/2010 8:30 AM | Add Comment

Monopolies & Double Standards….

Posted by J.M. Hamilton Blog at 6/19/2010 12:42 PM | Add Comment

“It’s been tremendous,” he said. “Business has tripled in the last year and a half.”

Posted by J.M. Hamilton Blog at 6/19/2010 8:24 AM | Add Comment

Jim Hackett, Anadarko’s chairman: "Frankly, we are shocked by the publicly available information that has been disclosed in recent investigations and during this week’s testimony.”

Posted by J.M. Hamilton Blog at 6/19/2010 8:20 AM | Add Comment

"A day after infuriating his own party’s leaders with his remarks..... a Barton spokeswoman said it was similarly no surprise that a representative from Texas with a senior job on the Energy and Commerce Committee would be the beneficiary of (big oil)."

Posted by J.M. Hamilton Blog at 6/19/2010 8:13 AM | Add Comment

Republican Party Poster Boy....

Posted by J.M. Hamilton Blog at 6/19/2010 8:08 AM | Add Comment

If they Cannot Quit the “Money”... Vote 'em Out, Especially the Republicans, Who Stacked the Court with Judges Willing to Allow our Government to be Purchased!

Posted by J.M. Hamilton Blog at 6/18/2010 8:15 PM | Add Comment

The Change in B.P. Leadership/Management Will Come After the Blowout is Contained.... That's If There is Anything Left to Manage...

Posted by J.M. Hamilton Blog at 6/18/2010 8:13 PM | Add Comment

Too Many "Betweens!"

Posted by J.M. Hamilton Blog at 6/18/2010 8:11 PM | Add Comment

Do You Think?

Posted by J.M. Hamilton Blog at 6/18/2010 8:10 PM | Add Comment

My Guess: Republicans Won't Do As Well As They Think Come November... Major Schism Going On: Some Republicans, Out of Shame and Embarrassment, Might Even Leave the Party!

Posted by J.M. Hamilton Blog at 6/18/2010 8:01 PM | Add Comment

Very Frightening: Rather Than Break Up Too Big to Fail Banks... That Responsibility Will Now be Politicized, Through Treasury!

Posted by J.M. Hamilton Blog at 6/18/2010 8:00 PM | Add Comment

While Goldman Asks the SEC for More Time, the Civil Suits Pile Up...

Posted by J.M. Hamilton Blog at 6/18/2010 7:58 PM | Add Comment

"In the current investment environment, there are lots of things to worry about. Higher U.S. inflation and Treasury yields aren't among them."

Posted by J.M. Hamilton Blog at 6/17/2010 8:54 PM | Add Comment

Joe Barton's (Republican of Texas) Nescience is Only Exceeded by His Fatuity.... Do They Impeach House Members?

Posted by J.M. Hamilton Blog at 6/17/2010 8:39 PM | Add Comment

$20 Billion... Wonder What the Fine Print Looks Like...?

Posted by J.M. Hamilton Blog at 6/17/2010 8:31 PM | Add Comment

"One-year credit swaps on BP debt were up 354.5 basis points to 997, CMA prices show."

Posted by J.M. Hamilton Blog at 6/17/2010 8:30 PM | Add Comment

This Blog Earlier Posited the Question if B.P. was the Exception to the Rule, or if B.P.'s Practices that Have Lead to an Unmitigated Disaster in the Gulf - Were an Industry Wide Norm(?)... Well, Look No Further than Nigeria for Our Answer!

Posted by J.M. Hamilton Blog at 6/17/2010 8:12 PM | Add Comment

Out in the Distance, Across the Gulf.... One Can Hear Mournful Bugle Cry of Taps...

Posted by J.M. Hamilton Blog at 6/17/2010 8:09 PM | Add Comment

Res Ipsa Loquitur: "SMALL PEOPLE!" Once Again, B.P. Just Doesn't Get It...

Posted by J.M. Hamilton Blog at 6/17/2010 8:05 PM | Add Comment

"A hoax was perpetrated on the American public and the world public," Democratic Representative Paul Kanjorski said of inflated ratings.

Posted by J.M. Hamilton Blog at 6/16/2010 6:18 AM | Add Comment

"Progress toward the goal of Afghans taking the lead in operations has been unsatisfactory," Levin said.

Posted by J.M. Hamilton Blog at 6/15/2010 9:02 PM | Add Comment

“Each day, we send nearly $1 billion of our wealth to foreign countries for their oil. And today, as we look to the Gulf, we see an entire way of life being threatened by a menacing cloud of black crude."

Posted by J.M. Hamilton Blog at 6/15/2010 8:56 PM | Add Comment

"NOT ME," Cried Big Oil. Republican, Representative Joseph Cao of Louisiana, said, “In samurai days, we would just give you a knife and ask you to commit hara-kiri.”

Posted by J.M. Hamilton Blog at 6/15/2010 8:53 PM | Add Comment

Mr. Obama added: “My administration is going to do whatever it takes, for as long as it takes to deal with the disaster.”

Posted by J.M. Hamilton Blog at 6/15/2010 7:39 PM | Add Comment

The Bailout Recipients, And Architects of U.S. Economic Malaise, Know What’s Best for America: "The six largest Wall Street banks, which dominate the derivatives trading business, quickly indicated that they would lobby fiercely to defeat (C.D.S. regs).

Posted by J.M. Hamilton Blog at 6/15/2010 5:45 AM | Add Comment

Why Does America Need Two Years to Figure Out What We Already Know: Through The Sale of Credit Default Swaps, CDO's, and Hybrid Derivatives... Wall Steet Banks Are Running the Largest Casino Known to Man, Insured and Sponsored by the U.S. Taxpayer!

Posted by J.M. Hamilton Blog at 6/14/2010 6:36 PM | Add Comment

AIG, the Only Insurance Carrier, Remaining Indebted to the Taxpayer.... Perhaps Messrs. Dodd and Frank Should Consider AIG Carefully, As They Work on Bank Reform, Particularly AIG's Role in Derivatives and the Wall Street Casino!

Posted by J.M. Hamilton Blog at 6/14/2010 6:31 PM | Add Comment

Greek Debt Relegated to JUNK... Wonder what Greek Citizen Are Thinking This Evening About Goldman Sachs, Politicians and Derivatives!

Posted by J.M. Hamilton Blog at 6/14/2010 6:29 PM | Add Comment

"Other finds include large deposits of niobium, a soft metal used in producing superconducting steel, rare earth elements and large gold deposits in Pashtun areas of southern Afghanistan."

Posted by J.M. Hamilton Blog at 6/14/2010 6:37 AM | Add Comment

“There is mounting evidence that the blind don’t want to lend to the blind.”

Posted by J.M. Hamilton Blog at 6/13/2010 7:00 PM | Add Comment

“The president will use his legal authority to compel them.”

Posted by J.M. Hamilton Blog at 6/13/2010 6:59 PM | Add Comment

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