Climateerinvest is newly blogrolled.
Climateerinvest is newly blogrolled.
Carney (Update 2011: Carney now at NetNet but still worth reading) (Best of: After our experience with Hank Paulson as Treasury Secretary, there was a great feeling among the masses that what we needed was not a chief executive running the economy, much less a Wall Street boss. What we needed, nearly everyone said, was a smart guy who came from outside the corporate boardroom. And that's what we got in Geithner.),
It is not a passthrough, it is a bond. The covered bond buyers do not receive the principal and interest from the security held by the bank, the bank receives it. The covered bondholder (in absence of default) receives timely payment of interest at the stated rate, and principal at maturity. Only in default does the value of the security for collateral matter. If the collateral is insufficient to pay off principal and interest, the covered bondholders are general creditors for the difference.
Chris Whalen @ PRMIA, (archives).
There is nothing you can do to "fix" a CDO, to make it liquid,
other than to standardize the terms and trade it on an exchange.
The liquidity gridlock prevailing in the secondary market for CDOs
is the normal situation for such unique and entirely opaque
instruments, whereas the past illusion of liquidity was abnormal,
a byproduct of the "irrational exuberance" described by Greenspan
himself. Buy Side investors accepted the fallacy of liquidity -- until
they asked the Sell Side dealers to bid on the paper. That's when
the current trouble really began.
CreditSlips covers consumer lending from an
aspiring consumer protectionist regulator perspective.
Generally well informed and level headed:
Innumerate: one number represents the whole population ?
Update 2008 August: Now at (Silicon) Alley Insider.
Example: Can Google make subscription revenue ?
The over-maligned, persuasive Henry Blodget, now at Cherry
Update 2007 August: Also posting at HuffPo.
Chief Officer: CXO advisory.
Management Science digest.
Footnoted reads SEC filings, Edgar's fine print.
Brad Sester's blog-portal of international and macro-economy.
Seeking Alpha neatly ontologized money science into
* Exchange-Traded Funds (ETFs)
* Market Commentary
* China Investing
* Media Investing
* Digital Media Investing
* Stock Market Blogs
* Economics Blogs
* Venture Capital Blogs
* Personal Finance Blogs
and brings me Herb Morgan, Chief Investment Officer of Efficient Market
Advisors, on The Problem With Vanguard ETFs.
Update 2009 May: Occasional co-author Vincent Fernando launches Research Reloaded.
Update 2008 October: now at Clusterstock.
Update 2008 August: Fluffy bits at Josephweisenthal.com.
Update: Less frequent after spring of 2006, but came back in April 2007.
Also, 2007 August, was guesting at TechDirt.
Econbrowser, time series economist looks a current economic, investment
and business news.
Paul Kedrosky / Infectious Greed
Technology aware musings on money culture, with a keen eye
for interesting or jarring research. Great weekend reading.
y the executive director of the William J. von Liebig Center for Entrepreneurism
and Technology Advancement at the University of California, San Diego.
Radar O'Reilly buzzes social and open source software, with a
smattering of user empathy.
Another group blog.
Statistical Modeling, Causal Inference, and Social Science (MLM)
Andrew Gelman and Samantha Cook at Columbia.
There has been a significant increase in mortgage brokers. There
has been a similar increase in residential building trades, appraisers,
home inspectors and other housing related occupations. The
impact of a housing slowdown on employment will be significant.
Belgravia Dispatch, longer articles, internationally minded.