Entries Tagged as 'cds'

UK’s Serious Fraud Office looking at Deutsche Bank role in alleged Kaupthing credit default swap manipulation

June 7th, 2010 11 Comments

Stacy Summary:  Deutsche Bank being investigated for role in alleged credit derivatives manipulation.   I don’t think the SFO has ever been able to successfully investigate a single major bank or hedge fund.  Let’s see if they can find anything that might jeopardise the City’s role in global derivatives fraud.

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United Kingdom: ‘Wolfpack’ Circling for the Kill

May 12th, 2010 12 Comments

Stacy Summary: How long before Cameron and Osborne are following the script, “We will deal mercilessly with the speculators.”   And after the UK, it’s France.   But with respect to European nations, I mean, come on, Norway is on their list and not Switzerland? CDS Traders Beating the UK Death Drums

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Speculating that after Greece comes . . . France

April 18th, 2010 73 Comments

Stacy Summary:  Okay, Snoot, confess . . . CDS traders speculate that France is up next for sovereign shakedown

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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 [...]

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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”

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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

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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