Monthly Archives: January 2009

A former Unix engineer for Fannie Mae, has been accused of planting malicious code on the corporation’s network that was to “destroy and alter” all of the data on the company’s servers this Saturday. Via Computerworld: Fannie Mae engineer indicted … Continue reading →

James “Jes” Staley, head of JPMorgan Chase & Co.’s investment unit, speaking in Davos: Money-market funds, not banks, were responsible for the collapse of Lehman and the near bankruptcy of Bear Stearns Cos. last year. The funds, which typically hold … Continue reading →

Much better than expected. Details Here // Continue reading →

According to CMA DataVision, Ireland CDS (265) are trading well above Greece (250), the previous riskiest name in Euroland. // Continue reading →

Long overdue, but it works as I explained somewhere in comments on the same principle as X-ccy basis swaps. Each swap arrangement involves two transactions. When a foreign central bank draws on (obtains funding under) the swap line, it sells … Continue reading →

Report on a historic year Just one picture // Continue reading →

Details here // Continue reading →

Paper by Toby Ord, Rafaela Hillerbrand, Anders Sandberg Abstract: Some risks have extremely high stakes. For example, a worldwide pandemic or asteroid impact could potentially kill more than a billion people. Comfortingly, scientific calculations often put very low probabilities on … Continue reading →

From Creditflux: Spain’s banks and cajas are negotiating on a one-to-one basis with the Bank of Spain to “fine-tune” their 2008 accounts in order to avoid taking catastrophic write-downs on loans. Spanish banks seek to “fine-tune” property loans El Banco … Continue reading →

The simulation is deceptively easy. It lasts only two minutes and represents an eight week period of trading. Choosing to inhabit the role of hedger or speculator determines your course of action. Here is my 2 minutes score. CME Group … Continue reading →