Recent Blog Posts
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The Year in Research
Dec 31 20089:13 am EDT -
Mind Your Value Judgements
Dec 19 20087:52 pm EDT -
S.E.C. Short-Sale Ban: Pretty Much Useless
Dec 19 20083:45 pm EDT -
Advice from Japan: Don't Forget TARP 1
Dec 19 20082:31 pm EDT -
Chart of the Day: Money Market Stress Easing
Dec 18 20088:57 pm EDT -
House Price Bubble Deflated?
Dec 18 20085:57 pm EDT -
Where Were the Whistleblowers?
Dec 16 200811:03 pm EDT -
It's Just a Recession
Dec 13 200810:20 pm EDT -
Comparing American and European Unemployment Insurance
Dec 12 20087:46 pm EDT -
Back to Normal?
Dec 11 20084:33 pm EDT
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Oct 08 2008 7:55am EDT
A Plan That Just Might Work
UK banks just got what many economists here in the US have argued for: a recapitalization of major institutions paired with equity stakes in those entities that accept it.
The market reaction prior to the global coordinated rate cut was mixed, except for one possible bright spot: CDS spreads on British Banks declined.
An anonymous One Credit trader told Reuters:
The first thing I did was email my colleagues at Barclays and RBS to congratulate them on being civil servants now.
That last part is something we'll be hearing a lot more of.
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