Reforming American health care: Heading for the emergency room | The Economist
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Things you cannot buy in America?
8 hours ago
Thursday, June 25, 2009
Thursday, June 18, 2009
Monday, June 15, 2009
Tuesday, May 19, 2009
Securitization and Off-Balance-Sheet SPE's
FASB is going counter to the approach on M2M and will be requiring additional disclosure for off-balance-sheet loans. This is significant because it may further reduce the credit available in the shadow banking system, as the banks that ultimately support the shadow system are now going to have to disclose their exposure.
A few other posts or articles on securitisation/shadow banking system that I've noticed today-
Marginal Revolution's take and Tyler refers to The Economist article here and also Arnold King here.
A few other posts or articles on securitisation/shadow banking system that I've noticed today-
Marginal Revolution's take and Tyler refers to The Economist article here and also Arnold King here.
Monday, May 18, 2009
Rating Agencies on the hot seat
The rating agencies are getting their day in front of Congress. I'll be interested to see how this works out.
My hope is that they would somehow be held legally liable in the same way that auditors are when they fail to apply rigorous standards to their work.
My hope is that they would somehow be held legally liable in the same way that auditors are when they fail to apply rigorous standards to their work.
Sunday, May 17, 2009
Shadow banking system
I was actually reading chapter 7 of Animal Spirits, which provided a quick summary of the shadow banking system. I then did my scan of some blogs that I follow and found this incredibly detailed, yet not too long, post from Zero Hedge. It's probably the best description of the shadow banking system and it's role in the macro-economy that you will find.
On a positive note, there's at least some support for the idea that the shadow system is holding up and maybe bouncing back.
On a positive note, there's at least some support for the idea that the shadow system is holding up and maybe bouncing back.
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