BBRG: We Forget That the Financial Crisis Had a Trial Run

We Forget That the Financial Crisis Had a Trial Run The collapse of hedge fund Long-Term Capital Management had the same ingredients: lots of leverage, huge risk and a surplus of arrogance. Bloomberg, October 10, 2018       What happens when too much risk and too much leverage meets too little humility? That was… Read More The post BBRG: We Forget That the Financial Crisis Had a Trial Run appeared first on The Big Picture.

Congratulations to Hovnanian, Blackstone: Judge Rules Fancy CDS Trade Allowed

A federal judge denied a hedge fund’s request to stall a debt exchange closing tonight, saying they had provided insufficient evidence of irreparable harm to them or the market. U.S. District Court Judge Laura Taylor Swain denied the preliminary injunction request by Solus Alternative Asset Management in its quest against hedge fund GSO Capital Partners and homebuilder […]

Ending Too Big to Fail

Yves here. Remember the explosion of press coverage last year when incoming Minneapolis Fed member and former Goldmanite and Treasury official Neel Kashkari announced his intent to develop a plan to end the “too big to fail” problem. He not only was going to devote Minneapolis Fed researchers to his program, but solicited broad based […]