The Crisis of Credit Visualized
The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis. A graphic showing how the USD7.8 Trillion Total Bailout Commitment is broken down
Tag Archives: Credit Crisis
Consequences of lax lending standards
“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.” Former Citigroup CEO Charles Prince, July 2007 The Carnoustie effect is defined as the degree of mental and psychic shock experienced on collision with reality [...]
Crisis on Wall Street
A panel discussion with Princeton economists, who will review recent events on Wall Street and assess their implications for the economy and public policy. Slides presented by Hyun Shin – Crisis on Wall Street Slides presented by Markus Brunnermeier – Thoughts on a New Financial Architecture Slides presented by Harrison Hong – How We Got [...]
Rolling Assets OverNight
When volatility is high, equity is low, and the dilution effect is soaring short term financing is harder to get and the roll over ends. Margins erode the capital base and equity shrinks and if Brokers and Dealers cannot get a capital infusion they are forced to sell assets at fire sale prices. This loss [...]
Lehman Largest Unsecured Claims
Lehman has officially filed for bankruptcy protection, becoming the second major Wall Street firm to disintegrate under the weight of the deepening credit crunch. In the bankruptcy filed, Lehman listed Citigroup among its biggest unsecured creditors, with about $138 billion in bonds as of July 2. The Bank of New York Mellon Corp. was listed [...]
