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BLOG.JMHAMILTONPUBLISHING.COM: Monthly Archives for November 2011

"Those plans would mean debtor nations in the euro zone have to surrender sovereignty over fiscal affairs to the European Union."

“The European sovereign debt problem will not be solved only with liquidity.”

A “tightening of financial conditions” will limit the “willingness of banks to lend,” he said.

Smaller players in the financial community have been concerned that they will not have equal access to markets if the takeover of the TMX Group is approved.

“There have been repeated fines and malfeasance at literally all the investment banks, but it doesn’t seem to affect their behavior much,” he said.

“The court sees no material argument whatsoever for delaying the depositions,” Rakoff said in his ruling.

Blessing or Curse? Private Equity Endorses Mr. Romney!

“That’s a price that you would have paid for it five years ago.”

"It’s not all bad. Leaving the euro would allow a country to ignore demands from the leaders of other European countries. It could simply refuse to pay its debt."

This SUGAR High Won't Last....!

"The easiest chance you get to strangle something is in the early stages." - Barney Frank

"Don't fall for this story of patriotism," said Oscar Giannino, an editorialist and a member of a conservative think tank

“Today their obsession is: capital, capital, capital.”

The desk then created the hybrid derivative that would mimic the performance of those funds.

Just about everything has gone wrong for Mr. Paulson this year.

In many ways, Newt is the perfect man. He knows how to buy good jewelry.

“The investigation’s findings are clear: approval of AT&T’s bid for T-Mobile would lead to higher prices for consumers, eliminate jobs, harm competition, and damp innovation across the wireless industry.”

“These are very large increases and a direct reflection of the hardships American families are facing.”

“The only place in America that people don’t want a fair system are Republicans here in the Senate,” Senator Harry Reid

That rapid deterioration underscores how, critics say, the credit ratings agencies that judged Greece’s debt as investment grade for most of the last decade missed or badly misread signs of trouble.

“Our review of this merger has had a clear focus: fostering a competitive market that drives innovation, promotes investment, encourages job creation, and protects consumers,” the F.C.C.

Valentine, who in six years managing the Mets taunted the Yankees and stoked a rivalry from across town, now will do so from Fenway Park.

"But German officials are still insisting that their profligate neighbors need to pay for their sinful ways — and that Germany’s virtuous taxpayers will not be made to foot the bill."

"This isn’t a rescue plan, it’s a Eurocoup."

S&P: The agency lowered its ratings on Bank of America, Citigroup, Goldman Sachs and Morgan Stanley by one notch.

The stock market's so-called fear gauge remains above 30, a level associated with fear of a market correction. VIX was recently at 31.47.

"Judge Rakoff blew a big hole in that practice yesterday."

On Tuesday the borrowing costs of Italy _ — the euro zone’s third-largest economy, after Germany and France — reached nearly 8 percent

News International said it was “cooperating fully with the police” on all investigations, The Press Association news agency said.

"Achieving the competitive cost structure we need remains a key imperative in this process and, as one part of that, we plan to initiate further negotiations with all of our unions to reduce our labor costs to competitive levels."

On Monday, eight of the 15 members voted there was a credit event, but the other seven voted that there was not. Since support of 12 members is needed, the proposal failed.

The crucial question is whether Judge Rakoff’s decision could lead to an end to the S.E.C.’s policy of settling its cases without any admission of liability by the defendant

One of Obama’s biggest Wall Street fundraisers in 2008, David Heller, the co-head of securities sales and trading at Goldman Sachs Group Inc., isn’t raising money for the president this cycle

With the Queen among its clients, Cazenove has wielded its influence with a mystique over its 190-year history.

Deutsche Bank, Germany’s biggest lender, posted a 31 percent drop in global sales and trading revenue to 384 million euros in the third quarter from the previous three months.

AT&T’s decision to acquire T-Mobile — paying almost twice its estimated value — was a coldly calculated play for spectrum.

“Housing market activity remained very weak.”

“Over the past few weeks, the likelihood of even more negative scenarios has risen,” Moody’s said in the report.

“What is this but crony capitalism?” she asks. “Most people have had their fill of it.” “There were no legitimate reasons for those disclosures.”

“Systemic support for subordinated debt may no longer be sufficiently predictable or reliable to be a sound basis for incorporating uplift into Moody’s ratings.”

In Eastern Europe, where Western European banks have retrenched, leaders are sounding alarms.

“Everything is good. We are free.”

“I’m just so excited about those gluten-free pancakes,” she announced to the crowd.

Once again, Los Angeles officials appeared to give the protesters far more leeway than their counterparts

Geoffrey Kabaservice, the author of a coming book, “Rule and Ruin,” on the decline of Republican moderates since the 1950s.

“It is crucial that Europe move quickly to put in place a strong plan to restore financial stability,” Mr. Geithner said

TPG Capital, another private equity firm, is also expected to submit a proposal (for Yahoo).

"Judge Jed Rakoff is furious. He should be. We all should be."

Lost Decade...

This Day in History: ASSEMBLY VOTES PALESTINE PARTITION

BEST NEWS ALL DAY: The S.E.C. in particular, he added, “has a duty, inherent in its statutory mission, to see that the truth emerges.”

Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.

As Ferdinand Pecora, the Depression-era prosecutor, is supposed to have said of the events leading to the Wall Street crash of 1929: Pitch darkness was among the bankers’ stoutest allies.

“There is a significant chance that QE3 will be deployed, especially in the form of MBS purchases, if inflation expectations fall enough.”

“The public is starting to figure out that Republicans have one position on taxes when it comes to the wealthy and another when it comes to everybody else.”

One focus of the investigations is MF Global’s compliance with the record-keeping obligations imposed on its futures and securities operations.

“Their books are a disaster,” Scott O’Malia, a commissioner at the Commodity Futures Trading Commission, told the Wall Street Journal in an interview two weeks ago.

MOODY'S: The rating agency notes that the political impetus to implement an effective resolution plan may only emerge after a series of shocks...

Louis J. Freeh, the former director of the Federal Bureau of Investigation, was asked on Friday to become the trustee for MF Global

Banks are offering several institutional investors deeper discounts to get rid of lingering exposure at a loss. KKR announced in May it was buying Versatel's...

Which of the following individuals is an oil-and-gas magnate who has made billions of dollars through a deal with Kohlberg Kravis Roberts in the last three years?

The F.C.C. has indicated that its options include granting AT&T’s withdrawal, but potentially with prejudice, meaning that the company could not refile for approval later, or moving ahead with the administrative law case.

“The people who are holding us back. The banks, the government, anyone who controls the money.”

At Central Booking, we were taken into a narrow courtyard in between the two huge towers that make up the Tombs complex

Meanwhile, some of their neighbors—who are, perhaps, also shaleionaires—have watched their tap water turn brown and, on occasion, explode.

In a rambling news conference at city hall in Newton, his home base, Mr. Frank also said a potentially tough re-election battle would have distracted him from his policy priorities

“Wherever I go,” she said, “here, or Switzerland, or India, or wherever. Australia. Some island. I will always be a political prisoner of my father’s name.”

“They are pushing people to the limit with this.”

“This welfare for the well-off — costing billions of dollars a year — is being paid for with the taxes of the less fortunate, many who are working two jobs just to make ends meet, and i.o.u.’s to be paid off by future generations,” said Senator Coburn (R)

"The point I’m making here isn’t that taxes are all we need; it is that they could and should be a significant part of the solution."

Chancellor Angela Merkel of Germany has firmly opposed two ideas for solving the crisis: an expanded role for the central bank and new bonds to be issued jointly by the euro zone countries

Another Trillion out of Thin Air?

“The use of vendor financing to de-lever defeats its own purpose.”

Under current rules, a bank that gets a state guarantee...

On the basis of analysis carried out in the US and in the EU it is unlikely that China would be considered a market economy according to the normal standards applicable in EU law.

Bank of America declined 11 percent, the most in the Dow, to $5.17, while Citigroup Inc. (C) decreased 10 percent to $23.63.

The second approach is to fight the court case, which is scheduled to begin Feb. 13.

Perhaps most disturbing, Germany, the EU's economic backbone, was humiliated Wednesday in bond markets

As the leaders dither, the borrowing cost for European states soars.

the Pakistani military said its top commander, Gen. Ashfaq Parvez Kayani, had “directed that all necessary steps be undertaken for an effective response to this irresponsible act.”

“Fear is evident in Damascus, and you see it in people’s eyes. More people are turning against the regime every day, but even those are afraid of what will happen next.”

“If you’re ethnic Chinese with a foreign passport, you’re really not considered a foreigner.”

In Iraq, the M.E.K. is also widely despised, especially by the country’s Shiite majority, because it is accused of helping the Iraqi dictator crush a Shiite revolt in 1991

"When four elderly men were arrested in northern Georgia this month on charges of planning terrorist attacks in Atlanta and along the East Coast, F.B.I. surveillance tapes revealed where they had met to hatch their plot — a Waffle House."

“This is asymmetric warfare,” he said, “but we’re pretty confident that we’ll be more effective and more strategic in how we spend our money.”

What is Freedom Group’s long-term strategy? Because the company is private, outsiders can only speculate.

If tech companies with data centers like the economics of home-based data furnaces, they could offer heating for homeowners at an irresistible price: free.

Barra bravas are blamed for many of the 257 soccer-related deaths in Argentina since 1924

Investors in mortgage-backed securities will take a hit on refinancings. So be it.

A Pending U.S. Workout?

Another significant plus of such a truncated schedule is that it makes it easy for the residents of the state to tell when the Texas legislature is in session—because every village in the Lone Star State is missing its idiot.

"Romney has managed private (equity) companies."

But where are the buyers for all this debt?

A Veritable Geek-fest at Bloomberg with Tom Keene's Daily Economics Release!

“The United States strongly believes that the new Egyptian government must be empowered with real authority immediately,” the White House said in the statement.

Romney Dominating Race for Endorsements

“That was a company, not a country. If a country leaves the euro — multiply the Lehman effect by 10,” he said.

“Tobashi.”

Maybe the wisest approach in our searchable new world is to let computers do the naming.

Really, you can’t totally dislike the guy.

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