cds

Entries Tagged as 'cds'

Karl Denninger on when an Entire Market is a Scam

March 9th, 2010 27 Comments

Stacy Summary: Arguments for maintaining the current Credit Default Swaps market argue that the ‘markets’ should be free. Strangely, the threat of a real market exchange on which to trade these instruments gets met with howls of rage. If the entire market as it is at present is mired with fraud and betting against [...]

Tags: cds · europe · merkel · papandreou

AIG’s $150 billion “capital relief” bombshell – CDSs Written to European Institutions to get around capital requirements

February 28th, 2010 71 Comments

Stacy Summary: Looks like a whole lot more financial chaos to come to Europe very soon.

Bombshell in AIG’s 10Q: “Capital Relief”

Tags: aig · cds · european banks

Downgrades, Debt Swells, and Derivatives

December 8th, 2009 213 Comments

Stacy Summary: The debt crisis morphs and grows.

US & UK AAA ratings more vulnerable to downgrade than France, Canada or Germany

Dubai’s debt problems may swell

Woman who created the CDS, key architect of planned carbon derivatives market

Tags: aaa rating · carbon derivatives · cds · dubai

Goldman News: Reasonable Doubt, Taking Away Homes & Gaining on CIT

November 2nd, 2009 124 Comments

Stacy Summary: More forensic examination of Goldman Sachs’ role during the days that its former Chief Executive, Hank Paulson, was bailing out the financial players. And for these neo-feudal times, here is the Daily Gulag from @adamc

Goldman Sachs: Reasonable Doubt (Janet Tavakoli)

Sophisticated counterparties like AIG are supposed to protect themselves, and have little chance for [...]

Tags: aig · cds · goldman sachs · hank paulson · lloyd blankfein

Timmy & Ben’s 100% AIG payouts

October 27th, 2009 99 Comments

Stacy Summary: Are you surprised? Negotiating privately with the banks?

Fed authorized 100% AIG payouts on CDS

Beginning late in the week of Nov. 3, the New York Fed, led by President Timothy Geithner, took over negotiations with the banks from AIG, together with the Treasury Department and Chairman Ben S. Bernanke’s Federal Reserve. Geithner’s team circulated [...]

Tags: aig · bernanke · cds · geithner

Bulldozing and dipping to survive

June 13th, 2009 33 Comments

Stacy Summary: I guess the faster this collapse happens the faster we get to the bottom. If there is a bottom. And it’s not like some black hole of CDS debt that will crush all that it encounters! What’s on your mind this morning? Have you love bombed the newsroom?

Median house price in Detroit city [...]

Tags: cds · detroit · house prices · ireland · savings

Headlines, Headlines, Headlines – 02 May 2009

May 2nd, 2009 43 Comments

Stacy Summary: While the MSM headlines are of the dangerous peasant protestors, in the FT, more evidence emerges of weaponized financial products being deployed against nations. There is one sliver of good news to emerge from the bankers’ derivative and credit crime wave in the reduced carbon emissions as we see car sales and miles [...]

Tags: cds · derivatives · fatal attraction debt collection · kazakhstan · us auto sales

Max Keiser on the radio – Financial Jim Crow & Inbred, Insane Derivatives

April 9th, 2009 19 Comments

Stacy Summary: We woke up at 4.45 this morning for this excellent interview with Jason Bermas. Max talked about Credit Default Swaps as a unit of currency collateralized by fraud. Financial Jim Crow laws which put the majority of investors, consumers & citizens at a disadvantage to the banking class. The incestuous relationship in the [...]

Tags: cds · credit default swaps · financial jim crow · gold · max keiser · PirateMyFilm · us dollar

Headlines, Headlines, Headlines – 30 March 2009

March 30th, 2009 13 Comments

The Stacy Summary: Banks return to profitability thanks to Obama’s Marie Antoinette moment. Detroit told to ‘pound sand’ and more US taxpayer money went into the bankers black hole of market fraud.

“Let them have stained carpets” – Obama’s Marie Antoinette moment

Is AIG why banks were profitable Q1?

AIG responsible for banks January and February profitability

Obama denies [...]

Tags: aig · auto bailout · bank heist · cds · credit default swaps · death of dollar · disinflation · downgrade · financial crisis · fort knox · gm · gold · goldman sachs · ireland · jp morgan · marie antoinette · max keiser · maxkeiser.com · obama · pension investment · racketeering · small business · spain · us auto industry · us dollar · yuan