Paranoid Bull

This headline from Bloomberg says enough to explain the content of the article. Moody’s Is Least Accurate Subprime-Bond Rating Firm Moody’s assigns Caa2 or lower ratings to just 12 percent of the 292 bonds underlying benchmark Markit ABX indexes that UBS analysts expect to default. Both Fitch and Standard & Poor’s tag 57 percent of [...]

Let’s hope this article from the Brits is more than speculation: Fed eyes Nordic-style nationalisation of US banks Apparently Fed officials have been consulting with their Scandanavian central banking counterparts to learn how the Nordics were able to save their own economies through seizing some of their domestic banks in the early 1990s. Unlike Bear’s [...]