Wednesday, February 23, 2011

Keeping score

Each economist has a "Q" and The Economist tried to sort it [pic link]:

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...