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Lindsay’s blog

I felt nauseous when I read that Goldman Sachs, that absurd and perverse financial bookmaker, had ‘apologised’ to the world for its role in the so called financial crisis that has just passed but is far from over.
The company paid 2.3% of its bonus pool to small US businesses, a sum of $500m.
Such generousity! Try… »

GFC – Placebo Cures, By Satyajit Das

Given the size of government intervention, a key question is the timing of withdrawal of support for the economy. Like the eponymous technique of contraception, it will need to be carefully timed.

The current apparent health of the financial system owes everything to wide-ranging government support. The ability of the banks to raise equity and debt… »

Lindsay’s Blog

The poet Robert Browning, a brainy bloke by all accounts, published a piece in 1841 which contained the following uplifting… »

The Das Blog 29/06/09

Banks remain in the ICU (intensive care unit). Even after around $900 billion in new capital, the global banking system remains short of capital by around $1-2 trillion. This translates into an effective reduction in available credit of around 20-30% from previous levels…. »

The Das Blog

“We interrupt regular programming to announce that the United States of America has defaulted… »

The Lindsay Williams Blog

I’ve interviewed Patrick Craven on several occasions. Not only that, he sends me more e-mails than any other person on the… »

The Das Blog

Banks reported better than expected profits. U.S. banks seem likely to pass the “stress” test. Repayment of taxpayers funds by some institutions, at least, deemed imminent. Scrutiny suggests that the episode reflected Adlai Stevenson’s logic: “These are conclusions on which I base my facts. “Banks beat “well managed” low-ball expectations. In… »