Category: CDCs

Standing in defense of principle

21 March, 2012 (10:00) | Capital markets, CDCs, Derivatives, Global news, Greece, Law, Securitization, Workouts |

By:David A. Smith   How many legs does a dog have if you call the tail a leg?   Uh – what was the question again?   Too seldom is something done just because it is the right thing to do, and because principle demands it.  When it happens, as it did two weeks ago, […]

The AIG Hearings: Part 2, “… Uh, who’s gonna defuse all these bombs?”

24 March, 2009 (09:59) | AIG, CDCs, Contracts, Global news, Subprime, US News |

[Continued from yesterday's Part 1.]   It takes two whole days’ worth of posts to document, in excruciating detail, just how asinine was the grandstanding taking place in Washington last week as first Ed Liddy and then every TARP recipient was skewered by an outraged Congressional mob.    Citizens united for shibboleths!   As I […]

The AIG Hearings: Part 1, “Now that we’ve killed all the bomb-makers …”

23 March, 2009 (09:45) | AIG, CDCs, Contracts, Global news, Subprime, US News |

“Now that we’ve killed all the bomb-makers, uh, who’s gonna defuse all these bombs?”   “Glad we killed all the guys who wired this together … oh, wait!”   What an idiotic week we have just seen in American politics, involving a hearing that was half circus and half show trial, culminating with probably the […]