Category: Economics
How Oliver Wyman Manipulated The Spanish Bank Bailout Analysis
That fudge factor is what is known as “excess capital buffer”, whose usage in the model to plug a major capital shortfall gap is non-sensical and shows that the real funding needs of Spain’s banks will be far greater, even absent future deterioration.
Poway: It’s Not Too Late To Unwind
The most egregious tranche of all was the longest one: a bond with an original principal amount of $13,986,037.80, which matures in 2051, when bondholders will receive a total of $321,740,000. That’s more than $22 of interest for every dollar borrowed today.
10 Rules For Dealing With The Sharks On Wall Street
If you wondered why the biggest financial firms are fighting tooth and nail to avoid having to maintain a “fiduciary standard,” just look at the fees and expenses in deals like this. There is always big money in the ongoing attempts to turn lead into gold.
Subprime Auto Nation
It’s amazing how many cars you can sell when you aren’t worried about getting paid. This is the beauty of a fiat currency, a printing press, and a taxpayer available to pick up the tab after the drunken party gets out of hand.
