Monday, August 15, 2016

Buy-Side Pricing Alerts

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The money center banks have for years been heavily criticized for their pricing operations going awry.  Many of these issues occur in t...
Tuesday, July 5, 2016

Student Loan ABS Update & Ratings Mismatches

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We've kept a look-out on the National Collegiate Student Loan Trust (NCSLT) shelf we inspected  more fully in January this year. A...
Friday, July 1, 2016

A Rocky Start to Q3

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It's been a week since the Brexit vote.  And silver, not gold, has been taking off. Usually in lock-step with gold, silver has outp...
Thursday, June 30, 2016

Silver is Golden ... or Gold has Lost its Luster (for today)

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The last 2 days have been pretty good to silver's ETF (SLV) and pretty ordinary for gold ETF (GLD).   Gold and silver, often joined a...
Thursday, June 23, 2016

Bank Stress Tests and the Problem of Ignoring Reality

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“Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they res...
Tuesday, June 21, 2016

GFC 2.0 – Could it Happen Again?

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We returned recently from an enjoyable and enlightening trip to Australia. This post covers some of the recurring themes that emerged fro...
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Monday, May 23, 2016

Probes into Trading Executions

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We've been keeping logs of valuation/pricing disputes and issues pertaining to fees charged (more regularly buy-side probes). Thi...
Thursday, May 5, 2016

How About a Real Federal Bailout for Puerto Rico?

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Later this month, Congress will begin its race against a July 1st deadline to pass legislation addressing the financial mess in Puerto Rico...
Thursday, April 28, 2016

So You Think You Can ... Run a Bank?

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You’re probably not alone in thinking you could have done a better job running one of the banks.   Now you can see if that’s true, than...
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Monday, April 25, 2016

Rogue Bonds

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We received a couple of calls late last week about the securitization structure (or catastrophe or "cat" bond) deal that Credit S...