Robert Novak has a short article on CDS. He refers to the 60 Minutes article on Crfedit Default Swaps. So here it CBS on CDS. And here is the ISDA Internation Swaps and Derivatives Association. So what is all this about?  Please read the four page CBS story, yes it will be on your next exam…

Asian countries cut rates after the coordinated rate cut of Europe and the US yesterday. Markets stopped falling, for the day at least. Question, one US interest rate stands at 1/5% and it just got cut a half a point. So that means three cartridges so to speak remain in the FED gun. What happens if…

Charles Schumer Dem Senator NY wants the US to purchase equity stakes in various banks s= L + OE. imilar to a plan adopted or proposed by Britain and like the one in the previous post on Iceland. What is worrying me about all this? 1. We have lost trillions of dollars of wealth in a…

Iceland Banks claimed to have assets nine times the size of the gross domestic product of Iceland. This is a remarkable accomplishment particualry on an island of 320,000 people.  Seems the three banks were lending to any and everyone across Europe.  The government has taken control of the banks remarking it will take years to recover.

A botleg copy of the SNL skit has re appeared. As reported earlier, NBC has been criticized by many such as Bill O Reiley for promoting the Dem cause. In the skit the actress playing Pelosi admits to the Dem culpability in resisting more oversight of FNM and FRE.

Click CMA for information on that exam. Click CIA for information on that exam. click IMA site Click IA site for information on these career choices.   You do not need the CDs or online matieral from Gleim, just the books which for students are four at $35 each.  I suggest you order now so…

The  financial Planner who signed up my account when I was recently at another school was stunned that I did not put all my money in the stock market.  He said his was in the BRIC countries. I had some money in gold and commodities and exited early, very early, this year. Let''s see how…

IN testimony yesterday, the former Lehman CEO testified that his pay since 2000 was closer to $350 M than $480 Mhich th ecommittee cited. He said most of 2007 was paid in now worthless stock, gee, will he get an ordinary or capital loss on that I wonder, either way his basis was zero. It is…

A WSJ blog reports ;who will be handing out the $700 B, wanna guess?  Yep Paulson searched the entire country and picked, a Goldman employee. I hvae mentioned in class that Presidents change but Goldman always has a presence in any administration. that continues today. By the way, you can vote for McCain or Obama, but…

I write a weekly newspaper column, this one appeared last friday before the monday meltdown. Change You Can Believe In The Times they are a changin’ – Bob Dylan We are Change! – Obama / Biden and McCain/Palin I ndeed, each set of candidates is trying to outdo the other in claiming to be the…