Email Archive

For BTPS & SPGBs all inter dealer screens have gone blank

As previously discussed, it’s hard to see how anyone with fiduciary responsibility can buy Italian debt or any other member nation debt after EU officials announced the plan for 50% haircuts on Greek bonds held by the private sector. Yes, all governments have the authority, one way or another, to confiscate an ...Read More

“Lessons from the Global Crisis: A New Paradigm?”

[Skip to the end] 2nd Mecpoc Symposium LESSONS FROM THE GLOBAL CRISIS: A NEW PARADIGM? Sponsored by the Mosler Economic Policy Center Each year the Mosler Economic Policy Center at Franklin College Switzerland is the proud sponsor of the annual Mecpoc Symposium. This year’s Mecpoc Symposium, Lessons from the Global Crisis: A ...Read More

Re: Bernanke on 60 Minutes

[Skip to the end] (email exchange) Thanks! Got it on my blog yesterday and added it to the attached draft in progress as well. I cut his response a bit short to save the point that he missed the point ‘fundamentally’ even though he got this operational point right. While in the ...Read More

Re: Fannie & Freddie

(an email exchange) > >   On Mon, Apr 21, 2008 at 9:55 AM, Russell wrote: > >   Fannie and Freddie now back 82% of all mortgages in the U.S., >   up from only 46% in the second quarter of 2007. If they need >   a bailout – could be a trillion dollars ...Read More