Tag: credit
China’s looming financial crisis
Published on October 10, 2008
Chinese shares have been falling lately, but that’s only because everybody’s so scared. There’s nothing wrong with China’s financial system, right? Wrong. There’s something rotten at the heart of China’s banks, and the entire mainland economy is about to come crashing down.
by J. Christoph Amberger
Baltimore — (TFN): As Iceland’s banking industry is melting [...]
Xstrata (XTA) and Lonmin (LMI): The buyout isn’t dead
Published on October 1, 2008
Xstrata (XTA) has dropped its $10 billion hostile takeover offer for Lonmin (LMI), or has it? Xstrata’s new investment could be a step toward a cheaper buyout attempt six months from now.
by Stephanie Grimmett
Baltimore — (TFN): Just as predicted, Xstrata (London:XTA) walked away from its hostile bid to buyout Lonmin (London:LMI) today. But [...]
European Central Bank (ECB) could topple Spain’s financial sector
Published on August 26, 2008
"There’s a bombshell being delivered here – the European Central Bank is about to stop bailing out eurozone commercial banks. And that could mean another big lender going ‘bust’." — David Stevenson
Blogger’s note: Just like in the U.S. and UK, the European Union’s state bank has been extending easy credit to prevent "temporary" illiquidity in [...]
Mortgage Crisis: Securitization killed the U.S. economy
Published on March 28, 2008
"Contrary to what Wall Street would have you believe, this appalling sloppiness that created the subprime mortgage scandal has not been a feature of every housing boom for the last half century. It’s actually quite new, the result of the misdirected incentives caused by the mortgage-securitization business." — Martin Hutchinson
by Martin Hutchinson
Baltimore – (TFN): Contrary to what Wall Street would have you believe, this…
Technology Investing: Don’t bet on Intel
Published on December 26, 2007
“New flash drive companies have been popping up like weeds, with the cost of silicon acting as metaphorical Roundup. New producers are being routinely killed in their infancy, and lenders are hesitant to put more money into an industry with ever-shrinking profit margins.” — Stephanie Grimmett
by Stephanie Grimmett
Baltimore — (TFN): Don’t buy Intel just [...]