There ain’t too much commentary today, folks! No great loss, since nothing much happened, but there was one item of great pith and moment: Moody’s is considering a separate rating scale for structured products: Moody’s …
Search Results for: performance
January 31, 2008
Econbrowser‘s James Hamilton noted the Fed 50bp rate cut and pondered how long it will take for the easing to reach Main Street: My bottom line: the Fed’s moves this month have to help relative …
PFD.PR.A : Normal Course Issuer Bid
Not content with suffering a 38% retraction of units, Charterhouse Preferred Share Index Corp. has announced: that the Toronto Stock Exchange has accepted the Corporation’s Notice of Intention to make a normal course issuer bid. …
January 24, 2008
A so-called rogue trader socked it to SocGen … 4.9-billion Euros’ worth. So called? I haven’t seen any proof yet and won’t ever see it. Assiduous Readers might not believe this – but there are …
January 22, 2008
Shock and awe in the markets today as the Fed cut 75bp to 3.5% and the Bank of Canada cut 25bp to 4.0%. James Hamilton at Econbrowser labels the Fed move an attempt to mitigate damage: …
January 18, 2008
Bobby Fischer, RIP. D. Byrne – R. Fischer Rosenwald Memorial Tournament New York City October 17, 1956 17 … Be6!! Naked Capitalism reviews the Credit Default Swaps market with an emphasis on the new two-ton …
January 16, 2008
Rule #1 states that the world always looks more interesting than it really is, an idea mentioned in a previous post, The Bond Market is Excitable. James Hamilton of Econbrowser took a look at the …
January 11, 2008
A few stories continued today … MBIA announced its deeply subordinated bond issue (noted on January 9 will carry a yield of 14%: MBIA’s yield is equivalent to 956 basis points higher than U.S. Treasuries of …
Understanding the Securitization of Subprime Mortgage Credit
A post today in Econbrowswer (which in turn was tipped by Calculated Risk) alerted me to a new Fed study: Understanding the Securitization of Subprime Mortgage Credit, which on first examination looks excellent. I will …
CA Bancorp New Issue – Appalling!
Holy smokes, I’m in the wrong business! CA Bancorp has announced: that a preliminary prospectus for a newly created mutual fund corporation, C.A. Bancorp Canadian Realty Finance Corporation (the “Corporation”), has been filed with, and …