Comments on: Euro Farce – the regulators race to the bottom.

By: torrents

torrents — Sat, 15 Sep 2012 20:49:24 +0000

Thank you for the auspicious writeup. It in reality was a amusement account it. Look complex to more added agreeable from you! By the way, how could we keep in touch?

By: Jamie Griffiths

Jamie Griffiths — Tue, 25 Oct 2011 12:14:03 +0000

In reply to Charles Wheeler. Great links recently Charles - thanks!

By: Hawkeye

Hawkeye — Tue, 25 Oct 2011 11:41:05 +0000

@Neil

Yes, it’s called a “Control Fraud” !

I’m sure you’ve come across William K Black (Best Way to Rob a Bank is to run one), and the Akerlof & Romer paper on Corporate Looting.

I used the framework in my paper to the ICB, but for some reason they never acknowledged the risks! (see pg. 7 – Risk transfer as Fraud):

http://forensicstatistician.files.wordpress.com/2010/11/icb-submission-nov-2010.pdf

Nearly one year on, and what have the policy makers learned? Nothing.

If the nation goes bankrupt, I will sue Vickers et. al. for Gross Financial Negligence (a.k.a. Treason).

By: Neil

Neil — Mon, 24 Oct 2011 22:51:48 +0000

In reply to James.

Interactive version (pass mouse over countries to see stats):

http://www.nytimes.com/interactive/2011/10/23/sunday-review/an-overview-of-the-euro-crisis.html#

By: Neil

Neil — Mon, 24 Oct 2011 19:18:09 +0000

Telegraph:

“Astonishing fact in [Bank of England Monetary Policy Committee member] Andy Haldane’s speech. Bank CEO pay rose from 100 times the US median in 1989 to 500 times in 2007.”

Greek banks: “Piraeus bank fell 22pc, EGF Eurobank 21.5pc, and National Bank of Greece 12.9pc.”

By: richard in norway

richard in norway — Mon, 24 Oct 2011 12:43:25 +0000

In reply to Neil. negotiations in public, pointless because we know that Greece needs a 100% debt write down

By: Neil

Neil — Mon, 24 Oct 2011 10:58:46 +0000

Telegraph:

“The IMF is thought to be calling for a 60pc haircut while Europe’s leaders are demanding at least 50pc, but bankers have warned that anything over 40pc risks setting off a ‘credit event’, triggering credit default swaps.”

We are in for an interesting week, in the sense of the Chinese curse.

By: Paulie Ire

Paulie Ire — Mon, 24 Oct 2011 09:49:16 +0000

http://hat4uk.wordpress.com/2011/10/24/breaking-crash-2-imf-pulls-out-of-further-greek-bailouts-may-leave-italy-to-fate/
Just in on the slog…. Watch this space!

By: James

James — Mon, 24 Oct 2011 07:12:47 +0000

I thought this diagram and post by the New York times quite good.

http://www.nytimes.com/imagepages/2011/10/22/opinion/20111023_DATAPOINTS.html?ref=opinion

By: Charles Wheeler

Charles Wheeler — Sun, 23 Oct 2011 20:41:11 +0000

Don’t Cry For Us Argentina: what happens if you default:
http://goo.gl/zWkXm

What happens if you keep bailing:
http://youtu.be/yzXqREM_xEk?t=1m26s