Daily Archives: July 14, 2008 @ 3:09 pm (Monday)

The $30 billion of Bear Stearns secs were sold to the Fed

[Skip to the end] Doesn’t look like a funding operation. Looks like JPM sold the Bear Stearns securities to the Fed and retained a first loss piece: Text in JP Morgan’s 10Q: “Concurrent with the closing of the merger, the … Continue reading

Posted in Fed | Tagged , , , |

2008-07-14 Weekly Credit Graph Packet

[Skip to the end] IG On-the-run Spreads (Released 5:44 EST) IG6 Spreads (Released 5:44 EST) IG7 Spreads (Released 5:44 EST) IG8 Spreads (Released 5:44 EST) IG9 Spreads (Released 5:44 EST) IG On-the-run Spreads (Jul 14) [top][end] IG6 Spreads (Jul 14) … Continue reading

Posted in Credit | Tagged , , |

Warren Mosler speaks at PK conference, Parts I-IV

[Skip to the end] Warren B speaks at lunch time during an economic conference. Completely unedited. Warren Mosler speaks at PK conference, Part I         Warren Mosler speaks at PK conference, Part II         … Continue reading

Posted in Video |

Reuters: Food price supports

[Skip to the end] more inflation. Prices are up due to short supplies due to biofuels and weather. And the political response is handing out funds to those in need, even though that doesn’t create more to eat. As previously … Continue reading

Posted in Energy, Inflation | Tagged , , , , |

FT: Time for comrade Paulson to pull the plug on the Fannie and Freddie charade

[Skip to the end] Totally misguided regarding public purpose. For one thing, the shareholders of the agencies are still there for ‘market discipline’ – all that’s been done for them is eliminated liquidity issues, not solvency issues. At the end … Continue reading

Posted in USA | Tagged , , , , , , , |