25 QUOTES ON THE CREDIT CRISIS

28.8.07
The financial market globally is up to its elbows in one of the strangest and most complicated credit crises in history. Events have come in rapid succession with mind-numbing effect. No sooner does the dust settle in one part of the market than it is kicked up in another. Through it all, the reactions on the part of the participants have been the stuff of a good financial thriller. We thought it would be interesting to catalog some of that reaction for you on one web page. So here they are - from the witty and profound to the scary and downright silly - our Top 25 Quotes on the Credit Crisis of '07http://www.financialsense.com/editorials/kosares/2007/0828.html

Top 25 Derivative Bank Nightmares

http://www.rense.com/general77/topfe.htm
Check the derivative book of the 25 banks with the highest derivative book

Fed bends rules to help two big banks

24.8.07
If the Federal Reserve is waiving a fundamental principle in banking regulation, the credit crunch must still be sapping the strength of America's biggest banks.
http://money.cnn.com/2007/08/24/magazines/fortune/eavis_citigroup.fortune/index.htm?postversion=2007082417

THE LIQUIDITY CRISIS OF 2007

24.8.07
Is the current stock market correction a healthy correction, or thestart of a bear market? http://www.financialsense.com/fsu/editorials/sutton/2007/0824.html

ANATOMY OF A BOTTOM

22.8.07
Puru Saxena
http://www.financialsense.com/editorials/saxena/2007/0822.html

Top Swiss banker attacks US lending standards as 'unbelievable'

21.8.07
Jean-Pierre Roth, president of the Swiss National Bank, said market turmoil was far from over as tremors from the sub-prime debacle continued to rock the world.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/20/bcnswiss20.xml

Inflation

15.8.07
The Labor Department's most recent inflation data showed that U.S. food prices rose by 4.2 percent for the 12 months ending in July, but a deeper look at the numbers reveals that the price of milk, eggs and other essentials in the American diet are actually rising by double digits
http://www.mcclatchydc.com/227/story/18902.html

The Archdruid Report

15.8.07

The carnage began with mortgage companies, not so long ago the darlings of the financial press. Eighty-odd of them have imploded in the last few months as they discovered that if you loan money to people who can’t pay it back – who’d have thought? – they can’t pay it back. Next it was the turn of hedge funds that speculated in mortgage debt, with two Bear Sterns funds leading the rush to insolvency

http://thearchdruidreport.blogspot.com/

A Bull Market in Fools

16.8.07
The one thing needful at the top of each bubble, the rabble also takes on the role of greatest sucker, too. Piling in as the smart money runs for the exits, the common or garden investor pays top price. He or she is then left holding the "asset" as its price collapses...and by that time, the Lear jets have long since cleared the tarmac...taking the money with them.

http://www.whiskeyandgunpowder.com/Archives/2007/20070817.html

Is This a Run on the Bank?

14.8.07
What Sentinel Management's Redemption Halt Really Means

http://www.minyanville.com/articles/sentinel-gs-equity-cash-market-money-fund/index/a/13704

Meltdown 'inside' Wall Street's brain

14.8.07
Seven rules for bull-and-bear predators in a 'brutal, manipulative world'

http://www.marketwatch.com/news/story/seven-rules-keeping-wall-streets/story.aspx?guid=%7BFD6E8E92%2D1066%2D48E1%2DBD24%2D49D6B2362AB9%7D

The $300 Trillion Time Bomb

If Warren Buffett can't figure out derivatives, can anybody?

Gen Re got into derivatives dealing in 1990 and became tied to global financial markets in ways it found difficult to predict. When Buffett bought the company in 1998, he quickly decided he wanted out. At Buffett’s behest, Brandon embarked on a task that lost Berkshire and Gen Re a cool $409 million before taxes. The experience led Buffett to write in his 2002 letter to Berkshire Hathaway shareholders what has become the most memorable line about the instruments: “Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”

http://www.portfolio.com/news-markets/national-news/portfolio/2007/03/29/The-300-Trillion-Time-Bomb#page1

Bernanke Panics & Gold Responds

11.8.07
In Globally Contained Liquidity Crunch I pointed out that the Fed was providing temporary loans (as repos) not capital to the markets. While true I missed something. What I missed involves the collateral the Fed is willing to take for those short term loans

http://globaleconomicanalysis.blogspot.com/

WHAT WE KNOW

11.8.07
by Roger Conrad

How do you solve a liquidity crisis? The simple answer is to inject more liquidity into the financial system. The hard part is not pouring in too much and thereby setting off a speculative boom in the markets that leads to a greater meltdown later on
http://www.financialsense.com/editorials/RConrad/2007/0811.html