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Monthly Archives: March 2012
So far, the bankers win
When Morgan Stanley (MS) said in January it had cut its “net exposure” to Italy by $3.4 billion, it didn’t tell investors that the nation paid that entire amount to the bank to exit a bet on interest rates. Italy, … Continue reading
When will we the taxpayers finally force the game to end?
The $25 billion mortgage settlement between lenders and state attorneys general won’t help nearly as many people as its touted to, Neil Barofsky, the former Special US Treasury Department Inspector General for the Troubled Asset Relief Program (TARP), tells Bloomberg … Continue reading
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Good discussion on the Eurozone
Megan Greene from Roubini Global Economics talks with Michael Hewson yesterday looking at recent developments in Europe, particularly at the situation in Greece, the LTRO’s, Spain and the fiscal compact. Here is the direct link.
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