Money and Finance
- Links
Wired talks to Bill Gates about his letter, and other things (LINK) [Gates had extremely high praise for the book On Immunity: An Inoculation.] Bill Gates on Bloomberg TV (video) (LINK) Lagarde, Cohn, Summers, Botin, Dalio on Bloomberg Panel (video)...
- Matthew Mclennan On Wealthtrack (video)
Is the financial crisis really over? Hank Paulson said yes, we are still in danger. Matthew McLennan, is in complete agreement and calls the widely believed “return to normalcy” that we are experiencing a “Keynesian mirage.” ...
- Satyajit Das: Why Germany Can't Bail Out Europe
Germany is indirectly exposed through its support of various official institutions like the European Union (EU), the European Central Bank (ECB), the International Monetary Fund (IMF) and special bail-out funds. As of April 2012, the exposure of ECB alone...
- Lehman...
From Barry Ritholtz’s blog: How awesome is this treasure trove of emails, documents, files et. al placed online by the NY Fed? Some of the emails between Lehman execs are laughable — naive, silly, hubristic, childish. But my favorite piece simply...
- Greece Lifts A Page From Citigroup’s Playbook - By Jonathan Weil
Is it too much to ask for the world’s titans of government and finance to speak credibly when they open their mouths? Some of them sure seem to think so, judging by the latest news from the financial-crisis front. To hear Vikram Pandit tell it, Citigroup...
Money and Finance
How Not to Solve a Crisis – By Joe Nocera
Joe Nocera is also scheduled to appear on Charlie Rose tonight, maybe discussing this article, among other things.
There is a delicious moment in the HBO film “Too Big to Fail” when Christine Lagarde, then France’s minister of finance, calls Hank Paulson, the U.S. Treasury secretary. It’s September 2008, and Lehman Brothers has just imploded after the government refused to bail it out. Panic is in the air.
“Hank,” she scolds him. “How could you let Lehman fail? What on earth were you thinking?” She pleads with him to save A.I.G., which appears to be the next domino poised to fall. “This is not just an American problem,” she concludes.
Oh, the irony! Here we are, more than three-and-a-half years later, during which time the euro zone has repeatedly flirted with financial catastrophe. Lagarde now leads the International Monetary Fund, which exists, in large part, to help countries survive such catastrophes. Yet neither she nor anyone else in Europe has been willing or able to do more than use Band-Aids to stanch the bleeding.
- Links
Wired talks to Bill Gates about his letter, and other things (LINK) [Gates had extremely high praise for the book On Immunity: An Inoculation.] Bill Gates on Bloomberg TV (video) (LINK) Lagarde, Cohn, Summers, Botin, Dalio on Bloomberg Panel (video)...
- Matthew Mclennan On Wealthtrack (video)
Is the financial crisis really over? Hank Paulson said yes, we are still in danger. Matthew McLennan, is in complete agreement and calls the widely believed “return to normalcy” that we are experiencing a “Keynesian mirage.” ...
- Satyajit Das: Why Germany Can't Bail Out Europe
Germany is indirectly exposed through its support of various official institutions like the European Union (EU), the European Central Bank (ECB), the International Monetary Fund (IMF) and special bail-out funds. As of April 2012, the exposure of ECB alone...
- Lehman...
From Barry Ritholtz’s blog: How awesome is this treasure trove of emails, documents, files et. al placed online by the NY Fed? Some of the emails between Lehman execs are laughable — naive, silly, hubristic, childish. But my favorite piece simply...
- Greece Lifts A Page From Citigroup’s Playbook - By Jonathan Weil
Is it too much to ask for the world’s titans of government and finance to speak credibly when they open their mouths? Some of them sure seem to think so, judging by the latest news from the financial-crisis front. To hear Vikram Pandit tell it, Citigroup...