Monthly Archives: December 2011

“Is there a global tipping point for frustration? Everywhere, it seems, people said they’d had enough,” Time Editor Rick Stengel said in a statement. “They dissented; they demanded; they did not despair, even when the answers came back in a … Continue reading →

The markets have already told us that Europe currently has a broken monetary system, according to Kyle Bass, Hayman Capital Management managing partner. An important point is reiterated in this interview: bond write downs will mean losses to the bank … Continue reading →

The MF Global bankruptcy has brought to light a very reckless, insane practice that has become common with deal-brokers over the past few years.  It is called re-hypothecation.   The word hypothecation is the legal term for when a borrower pledges collateral to … Continue reading →