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 junk. Show all posts
Showing posts with label junk. Show all posts
December 01, 2020

The need for debt to equity conversions is an inescapable reality

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Sir, Martin Wolf writes: “It will be crucial to deal with debt overhangs. As the OECD stresses, converting debt into equity will be an impor...
October 14, 2020

Though meteorologists announce rain, regulators allow banks to operate as if the sun shines.

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Sir, Tommy Stubbington writes: “A coronavirus-linked credit rating downgrade by Fitch prompted speculation that Rome was headed for ‘junk’ t...
March 11, 2019

Thanks to bank regulators, if in need, there are now way too little defences to deploy in a countercyclical way

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Sir, you hold that there are “reasons to be wary [as bank] regulation is, once again, being eased just at the moment when it ought to be ti...
March 08, 2019

Does not common sense dictate that in good times we want our banks to be weary about what they perceive as safe? Does not what’s seen as risky take care of itself?

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Joe Rennison writes: “Investors and rating agencies have warned that companies might struggle to refinance huge debt burdens, resulting in ...
March 15, 2013

There is a world of difference between “ultra-safe-AAA-rated junk” and “risky-junk”

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Sir, Gillian Tett asks us to “ Remember the lessons of the rush into “junk ” in 2007”, March 15. Does she mean that ultra-safe AAA rate...
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