Well, did everybody have a lovely Moron Day? It’s very important to celebrate the fact that there is absolutely no point to a February long weekend. It’s like booking a holiday in Hamilton. Anyway, DBRS …
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February 13, 2009
In an encouraging sign, an increasing amount of loans from banks are being
DBRS Downgrades 26 Split-Share Preferreds
At last! The DBRS mass reviews of Split-Share preferreds announced in October and December have been resolved. DBRS has announced: today downgraded 26 ratings of structured Preferred Shares issued by various split share companies or …
January 30, 2009
I’m very annoyed with DBRS. I had been hoping they would come to some resolution of their mass reviews of Split Corporations (two of them: October and December), but here we are at month-end and …
January 28, 2009
Pussycat, in a desperate attempt to sound tough, is putting What-Debt? on “probation”: [Pussycat] said his party is prepared to “swallow hard” and support the Conservative government, provided they agree to table regular updates outlining …
January 26, 2009
I complained on January 19 that the political leverage given to politicians by the TARP funds would lead to calls to expand non-economic but politically attractive business methodologies. Dealbreaker passes along more commentary on this …
January 22, 2009
I went to a seminar on Risk Management today, presented as part of the Finance Experts Discussion Series @ Rotman. Rather disappointing, really. Panelists were: Derrell Hendrix, CEO, RISConsulting and Founding Partner and CEO, Karson …
January 21, 2009
Nice to see that Banco Santander has imported North American financial advisory practices to Europe: Branch managers channeled customers with money from property sales or inheritances to private banking salespeople, lawyers for the investors said. …
January 20, 2009
Econbrowser‘s James Hamilton is advocating executive compensation laws: Lehman Brothers: $27 million for CEO Richard Fuld. The financial freeze that followed the collapse of Lehman is seen by many as the key event that turned …
January 19, 2009
Not much news, in light of the holiday in the US and preparations for tomorrow’s Obama-rama. Willem Buiter writes a piece with a rather startling message: Time to Take the Banks Into Full Public Ownership. …