Tea with FT

As a former Executive Director of the World Bank I know that the columnists of the Financial Times have more voice than what I ever had, and therefore they might need some checks-and-balances.

Would a child shouting out “the Emperor is naked” have his observation published in FT? Would he now need a PhD for that to happen?

For more see "A Blog is Born" at the very bottom.

Showing posts with label credit default swaps. Show all posts
Showing posts with label credit default swaps. Show all posts
September 20, 2015

Without the endorsement by regulators, banks would never have leveraged their equity 60 times to 1 with any asset.

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Sir, Gary Silverman writes: “exempting the derivatives known as credit default swaps from more rigorous federal regulation…[was] one of the...
May 22, 2015

If only our bank regulators in the Basel Committee / FSB grew up to wear long pants and assumed their responsibilities.

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Sir, Gillian Tett holds that: “ Credit derivatives deserve a revival — if financiers grow up ” May 22. I agree… but that is far from being ...
May 20, 2015

CDS were bought more for their capacity to reduce equity requirements for banks, than as insurance against defaults.

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Sir, I refer to Joe Rennison’s report “ Wall St looks to revive niche CDS ” May 20. It states: “single-name credit default swaps, a der...
January 09, 2013

AIG, instead of suing those who bailed them out, should sue those who got them in problem, namely the bank regulators.

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Sir, Tom Braithwaite reports that “ AIG considers suing US over bailout terms ” January 9, something that sounds indeed a bit surrealistic....
May 19, 2007

Let us pray it stays with a headache

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Sir, after reading Gillian Tett’s “ A headache is in store when the credit party fizzles out ” May 19, it is clear we should all go down o...
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