Two weeks back we were all given dual screens at office. A couple of days after that, those of us that had joined recently got Bloomberg logins. It’s a very restricted version of Bloomberg, with most of the strong features having been disabled. One feature that is enabled, though, is to get the graph of…
The ibank bailout
After the Fed bailed out Bear Stearns and arranged for its sale to JP Morgan, I blogged saying that the Fed hadn’t done the right thing, and was now creating a situation of moral hazard. When Lehman was in trouble, I said that this was a good time for the Fed to make amends for…
Dear Lehman Employees
Or should I say ex-Lehman employees? Assuming that most of you haven’t been fired yet, I’ll drop the ex. I know that a couple of days back, I wished for your company’s demise. That had nothing to do with you. I wished for that because I thought that was the right thing to be done.…
Sorry Vennai. Sorry MJ. Sorry Baal
But Lehman has to go. In the “larger interests” of continuing a vibrant, risktaking and efficient worldwide financial system, it is best that the Fed does not bail out Lehman. I had written about this a few months back, in hindsight, after Bear was bailed out by Fed who arranged for a hurried takeover by…
The GS Report
I’m in the process of reading the Goldman Sachs report about what India should do to become a superpower by 2050. Have read some 4 pages of it so far.
Letting Bear fail
This is a tubelight post. Was supposed to have written this two months back. I sometimes wonder if the US Fed did the right thing by encouraging JP Morgan to buy out Bear Stearns rather than to just let the latter fail. I know letting it fail would have had significant negative impact on the…
Oily predictions
I propose a new business model. Make a seemingly outrageous long-range prediction. It could just be anything, but you might want to stick to the financial world. Once you have decided on the prediction to make, think up of about six possible reasons why this prediction could come true. Given that the prediction in itself…
interest rates derivatives revisited…
so my favorite topic of interest rate swaps has made front page news today (in the Business Standard). apparently the food corporation of india (FCI) entered into a swap with Barclays in which FCI received fixed and paid an interest rate linked to the yield on Indian GSecs. now it so happens that reverse repo…