Bronte Capital

I am not an economics academic. I gave that game away for the lure of lucre and funds management. But this job throws up more than a few i...

Rortybomb is a blog where I find myself entirely agreeing with the mathematics and totally disagreeing with the conclusion.  I have added i...

The FDIC has called requested submissions as to how the Legacy Loan Program should be run. You can find the request here . Given that we are...

Several months ago I put a short on Rick’s Cabaret – a listed strip club owner with a private jet.  The code of ethics covered use of the pr...

It is no secret that I do not like Sheila Bair.  My original reason for dislike was posted here . But now she is open to deliberately allowi...

The biggest – and most consistent criticism that my last post received is that the national champions in Europe (particularly the Netherlan...

In the last post I proposed the radical – but disagreeable – proposition that the right way to regulate banks is to allow them to rip us al...

There is a lot of woolly thinking about the right way to regulate banks post this crisis.  The consensus is that banks should never again be...

Pimco is a bond management firm which has come through this crisis almost unscathed.  The monthly letters from Pimco are amongst the few mu...

Is that the banks choose which assets to sell to the fund. It allows selective price discovery on assets  where the company taking the test ...