…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…
Tag Archive for Rainy Day
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Bill Gross: Tuesday Never Comes
by Newswires • • 0 Comments
The global economy is floating on an ocean of credit, and a good thing too as our cartoon friend Wimpy reminds us. Without it, he would be a hungry puppy by next Tuesday and nearly seven billion world citizens would be worse off if barter, and not c…
Bears Chat, Best of the Forums
Most Americans Can’t Afford a $1,000 Emergency Expense
by Bears Chat at The Wall Street Examiner • • 0 Comments
NEW YORK (CNNMoney) — When the unexpected strikes, most Americans aren’t prepared to pay for it.
A majority, or 64%, of Americans don’t have enough cash on hand to handle a $1,000 emergency expense, according to a survey by the National Foundatio…
Liquidity Trader, Professional Edition
Bernanke’s Check Kiting Scheme – Professional Edition
by Lee Adler • • 0 Comments
Fed credit declined last week, as a big drop in TAF offset the Fed’s buying of GSEs and Treasuries. The Fed did not settle any MBS purchases, and in fact got rid of a small amount of their MBS holdings, probably to help cover the Treasury’s withdrawal of $35 billion from its “rainy day” SFP…
