Guaranteed Box of Crap

  • LOL Europe – Dexia Tries to Ringfence Their Pile of Crap
    Posted by on October 4th, 2011 at 9:37 am, Comments: 0

    It wasn’t long ago that I last wrote about the Guaranteed Box of Crap solutions that will be floating around in Europe – in fact, [...]

  • European Rescue Plans are Variations of the Tommy Boy Solution
    Posted by on October 4th, 2011 at 7:55 am, Comments: 0

    You know the reference in the post title, right?  I’ve written about it ten times already: “Because they know all they sold ya was a [...]

  • BankOfAmerica: If You Don’t Need Capital, Then Why Did You Raise Capital?
    Posted by on August 25th, 2011 at 11:19 am, Comments: 0

    A scant two weeks ago, Bank of America’s CEO, Brian Moynihan, repeated multiple times that his bank didn’t need to raise capital.   There were a [...]

  • Guaranteed Box of Crap, Part NINE
    Posted by on September 26th, 2010 at 1:41 pm, Comments: 0

    I’ve used this quote (Tommy Boy) before, and I’ll use it again – every time we stamp a Government guarantee on crappy assets: “Because they [...]

  • Another Guaranteed Box Full of Crap – via FDIC
    Posted by on July 24th, 2010 at 3:49 pm, Comments: 0

    This is now the EIGHTH time I’ve used the Tommy Boy analogy on my blog (type Tommy Boy in my search box for the others): [...]

  • Bernanke’s Guaranteed Box Full of Crap
    Posted by on June 12th, 2010 at 2:55 am, Comments: 0

    It’s not that I want to keep writing about the tragic irony when life imitates art, but the scenario just keeps coming up.  This will [...]

  • Greasing the Wheels
    Posted by on April 12th, 2010 at 12:53 pm, Comments: 0

    It seems that Greece still fails to understand the difference between liquidity and solvency.  Here’s an explanation for you – with last night’s European Union [...]

  • KD’s Year In Review: Part II: Trade of the Year
    Posted by on January 3rd, 2010 at 10:39 pm, Comments: 0

    In the movie “Speed,”  Keanu Reeves attempted to keep the speed of a bus above 50 mph to avoid the triggering of a bomb placed [...]

  • Synthetic CDO’s, Spanish 21 and Sports Betting
    Posted by on December 29th, 2009 at 12:12 am, Comments: 0

    As expected, my last post, “Fiduciary Duty and the Victim Mindset” sparked a lot of discussion.  There are several intelligent comments on both my site, [...]

  • Seller Financing
    Posted by on March 24th, 2009 at 2:31 pm, Comments: 0

    Wow, I didn’t realize how apt the Buffalo Springfield quote “”There’s something happening here. What it is ain’t exactly clear” I used yesterday was for [...]

  • Details Emerge – The PPIP
    Posted by on March 23rd, 2009 at 11:37 pm, Comments: 0

    “There’s something happening here. What it is ain’t exactly clear” – Buffalo Springfield, For What It’s Worth A comment on my previous post, “The PPP [...]

  • In THIS Country
    Posted by on February 11th, 2009 at 3:56 am, Comments: 0

    I was surprised that none of the financial blogs I read daily had a comment on this story I found on Bloomberg.com tonight: “China Needs [...]