Bronte Capital
The sometimes eccentric views of John Hempton
Friday, November 21, 2008
Sheila Bair and seizing Citigroup
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I suggested that Sheila Bair might seize Citigroup precisely because it is the sort of irrational, arrogant and dumb thing she does. She d...
14 comments:
Remember Sheila Bair wanted to sell Wachovia to Citigroup
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I loved the sequence. Sheila Bair forces the issue at Washington Mutual - a bank that she did not need to force the issue at but which migh...
1 comment:
Thursday, November 20, 2008
The Mark Cuban charges – and the economic purpose of insider trading laws
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Warning: this post contains observations on American law written by a non-lawyer Australian. Technicalities might be wrong but (I think) t...
7 comments:
Friday, November 14, 2008
William Buiter has written up the London as Reykjavic idea for the FT
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I referred to Willem Buiter's Iceland paper here . He has done a thorough job of writing up the UK implications for the FT here . Recom...
Citigroup, Whachovia, Sheila Bair and a post I didn't make...
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In the middle of the Citigroup/Wachovia thing I wrote a post which I circulated amongst friends but do not remember posting. It was a littl...
15 comments:
Wednesday, November 12, 2008
Iceland, Switzerland, Denmark, Sweden, Jordan and countries with banks that are too big to bail out
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There is a wonderful (simply wonderful) paper by Willem Buiter and Anne Siebert on the Icelandic banking crisis. It’s the sort of paper t...
9 comments:
Tuesday, November 11, 2008
Getting your duration and diversification offshore – how bond market crises and currency crises intertwine
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It helps if you read the post about international diversification first. If you do not understand the problem of owning foreign equities ...
6 comments:
Monday, November 10, 2008
Naked Capitalism on AIG
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Yves (Naked Capitalism) does an admirable job picking apart the latest AIG story. My original calculations on the AIG bailout are being ...
Weekend edition: things that get easier and harder every year
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It gets easier every year to read bank balance sheets. I get a lot of practice and it is not aerobic. And this is despite the acrobatics...
4 comments:
Sunday, November 9, 2008
A Krona Problem
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There is a New York Times story about what is going on in Iceland – and one thing jarred me – the quoted exchange rate. They quoted 130 ...
3 comments:
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