Each economist has a "Q" and The Economist tried to sort it [pic link]:
Wednesday, February 23, 2011
Tuesday, February 22, 2011
The New Math of Modern Banking
46% of loans are non-performing. This is not "problematic", because ??
I guess because it is real-estate loans, or real-estate only. Or, it's the new math of banking.
Anyway, the bottom line: 100 billion euros is the size of the "workout" to be had in Spain, give or take X billion.
Have a nice day!
Thursday, February 17, 2011
Oh, Gentle Ben
You get "paid" the big bucks, you should take the big risks, political, economic, and otherwise, no?
A study of the programs suggests that the liquidity facilities generated $20 billion in interest and fee income between August 2007 and December 2009, or $13 billion
-NY Fed
See, to me, that means the Fed could and and should have taken credit risks, perhaps up to $13 billion worth, or even legal risks, perhaps up to $13 billion worth...
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