J.M. Hamilton - Blog
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BLOG.JMHAMILTONPUBLISHING.COM: Daily Archive - 2/3/2012

"The F.D.I.C. is moving in the right direction, although there is much to do before big banks can be treated like MF Global."

Goldman Sachs’s 2011 earnings dropped 47 percent to the lowest level since 2008 on a second consecutive annual decline in fixed-income trading revenue.

"The Indianapolis drug maker recently lost U.S. patent protection for its former No. 1 product, the antipsychotic Zyprexa"

While today's report implies 98 new units instead of 122, it also suggests V-22 will survive for this second production run, a far better outcome than outright termination.

These numbers do make it appear that the economy is gaining momentum, even if the January gain does turn out to be overstated.

The atomic agency, which is the nuclear proliferation monitor of the United Nations, has long tried to get Tehran to address what it calls evidence of the “military dimensions” of Iran’s nuclear program.

The clause may have run into legal trouble even if Carlyle had not changed its mind.

It told everyone that civil disobedience is still as American as apple pie. Which is far more important than anything else they were trying to accomplish.

“Many have been hurt by MF Global’s bankruptcy,” the CME executive chairman, Terrence A. Duffy, said in a statement.

The Yes Men...

The Sychophants!

Private equity has been characterized by some of Mr. Romney’s opponents, Republicans and Democrats alike, as a job-killing financial practice

“The banks are going to argue that they don’t have enough time but the government is right to force them because there are some zombies out there,” Inigo Lecubarri

“I’m normally not a friend of carry trades, and I don’t think that we would borrow money to buy sovereign risks even if there is an attractive spread,” Ackermann told analysts.

“Somewhere in the next year or two or three, I don’t know how long it’s going to take, the stock price will become sufficiently attractive that the U.S. Treasury will monetize its interest and the taxpayers will be out and done.”

“As long as trading activity remains weak, the marginal firms will be in trouble,” Angel said

The top 10 U.S.-owned commercial banks released $4.3 billion in reserves in the fourth quarter, according to an analysis by The Wall Street Journal, boosting after-tax earnings by $3.5 billion.

As it was in 1980, could it be again in 2012?

That Obama... you know.... he's a Tax Predator!

GIMME SHELTER!

It's Rock and Roll Friday.... STONES!

So Mr. Romney’s position seems to be that we need not worry about the poor thanks to programs that he insists, falsely, don’t actually help the needy, and which he intends, in any case, to destroy.

"Money can become less liquid and frozen by 'price' in addition to the classic liquidity trap explained by 'risk.'"

The cost of bigger capital buffers may not be zero, but it is surely less than the cost of another meltdown.

The board’s makeup is surprising considering Facebook’s chief operating officer, Sheryl Sandberg, is an outspoken advocate for gender equality

‘Bottomless Pit’

“They’re still charging a forbearance fee, which they don’t for federal loans. I’m glad they’re not pocketing the fee, but they’re still charging it. And I still can’t pay it.”

“It (the SEC) makes already weak punishment even weaker by waiving the regulations that impose significant consequences on the companies that settle fraud charges. No wonder recidivism is such a problem.” - Charles Grassley - Republican

“Sony will not retreat so easily.”

“My fear is if there is another problem with a caucus you’re going to have more people say, ‘Why are we doing this?’ ”

After the Super Bowl, the social media outreach will continue, she added, with make-believe outtakes from the commercial uploaded to YouTube.

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