Tag Archive for Lee Adler

Bloomberg Undresses the Emperor. Moral- Stay off Hizzoner’s bad side.

JPMorgan Chase (JPM) Chief Executive Officer Jamie Dimon enjoys a reputation as a risk-averse manager who conducts exhaustive reviews of operations in every corner of the bank. Not always, it turns out. Long before traders there racked up at least $2 billion in losses, executives at JPMorgan voiced concern over activities of the bank’s chief…

Draghi Indicates E.C.B. Is Ready to Help in Case of Market Turmoil But There’s A Catch

The head of the European Central Bank said Friday that central banks were ready to step in to address any financial market turmoil that might result from elections in Greece this weekend that could help to decide the future of the euro. “The Eurosystem will continue to supply liquidity to solvent banks where needed,” Mario…

Central Banks Warn Greek-Led Euro Stress Threatens World. Pundits Demand Quick Fix

Central banks intensified warnings that Europe’s failure to tame its debt crisis threatens to roil the world’s financial markets and economy as Greece’s election in two days looms as the next flashpoint for investors. Monetary policy makers from the U.K. to Japan and Canada sounded the alert about potential fallout from the single currency bloc’s…

Worst Case -Shock waves will destroy the world if Greece drops euro. What’s the best case?

Bankers, governments and investors are starting to prepare for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system. The worst-case scenario envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch reminiscent of the financial crisis in the…

EU Smiled While Spain’s Banks Cooked the Books, and Now We’re Surprised?

…back in 2008 and early 2009, Spanish regulators were riding high after their country’s banks seemed to have dodged the financial crisis with minimal losses. A big reason for their success, the regulators said, was an accounting technique called dynamic provisioning. By this, they meant that Spain’s banks had set aside rainy- day loan-loss reserves…

Easing Inflation Pressures Suggests Fed Might Ease But Wonks In The Basement Say No!

Consumer prices are stabilizing… Recently, oil prices have tumbled and core inflation — which excludes volatile food and energy prices — has flattened out, with prices settling about 2.3% higher than a year ago. Easing price pressure should give some comfort to Federal Reserve officials before next week’s policy meeting. via Vital Signs: Easing Inflation…

Cost to Raise a Child: Around $300,000, Not Including College – Say Goodnight, Gracie

The U.S. Department of Agriculture prepares an annual report about families’ expenditures on children for use in developing state child-support and foster-care guidelines. Annual child-rearing expense estimates ranged between $12,290 and $14,320 for a child in a two-child, married-couple family in the middle-income group, which is defined as a before-tax income between $59,410 and $102,870.…

Congress hosts Dimonfest ass kissing orgy| guardian.co.uk| Audio from Marketplace

Exceprts from a blog post by Heidi Moore via Congress hosts Dimonpalooza with financial reform on the back burner | Business | guardian.co.uk.. There’s a reason wags called it “Dimonpalooza.” …The only notable absences were at the front of the room, where the Senators sat; several of their empty seats were testimony to the fact…