"Fannie Mae and Freddie Mac: October 6; Lehman: October 10; Washington Mutual: October 23."

By Aline van Duyn in New York

Published: October 1 2008 03:00 | Last updated: October 1 2008 03:00

The $54,000bn credit derivatives market faces its biggest test this month as billions of dollars worth of contracts on now-defaulted derivatives on Fannie Mae, ( Read more... )

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Briefing: Wall Street’s hidden time bombs

• Robert Peston
• 2 Oct 08, 09:05 AM

If the patient is the financial economy, here's a smattering of the latest worrying symptoms.
---

And now for the complicated and scary stuff.

Today is the beginning of "auction season", when the International Swaps and Derivatives Association starts a series of ( Read more... )

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Derivatives Trade Soars To Record $681 Trillion
New Rule: If your company is to big to fail, your company is too big to exist. The next President needs to split up huge companies like we did with AT&T.

IT’S THE DERIVATIVES, STUPID!
WHY FANNIE, FREDDIE AND AIG ALL HAD TO BE BAILED OUT


Ellen Brown, September 18, 2008


“I can calculate the ( Read more... )

Related
Derivative traders open session to reduce Lehman risk | Reuters

Posted by John Carney, Sep 14, 2008, 2:43am

We understand that a deal has been reached to divide Lehman Brothers into two entities, with a "bad bank" taking the toxic, real-estate assets amounting to around $85 billion. The deal will be financed without any government ( Read more... )

The Spiral - Part I - Those Vultures


( Read more... )

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IMF Contemplates System Failure. Could it be the 1.2 Quadrillion in Derivatives?

Thar She Blows

Economic Policy

by Mike Whitney | July 29, 2008

The Bush administration will be mailing out another batch of "stimulus" checks in the very near future. There's no way around it. The Fed is in a pickle and can't lower interest rates for fear that food ( Read more... )

The credit mess --- for nonfinancial readers
by windje
Fri Jul 11, 2008 at 05:24:14 AM PDT

Ever wonder what all the fuss is about and why they just don't let one of these financial institutions go belly up?

Its all about credit derivatives.

Suppose you were running a casino and everyone wanted to bet red on the roulette wheel.

Suppose your competitor ( Read more... )

Malawi to be first country expected to benefit from innovative initiative

Press Release No:2008/401/SDN

Contacts:
In Washington: Roger Morier (1 202) 473 5675

rmorier@worldbank.org

In Lilongwe: Zeria Ntambuzeni Banda (265-1) 770 611

zbanda@worldbank.org

WASHINGTON, June 24, 2008 - The World Bank is moving ahead with plans to use the weather ( Read more... )

Related
Rising Energy Prices and the Falling Dollar: Ron Paul

03/06/08

by Antonino D'Ambrosio

In Martin Scorsese's now classic film Goodfellas, there is a scene where wiseguys Henry Hill (Ray Liotta) and Tommy DeVito (Joe Peschi) burn down the Bamboo Lounge, a nightclub the gangsters had been using as a way station to house cases of liquor, food, and ( Read more... )

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Home foreclosures set first-quarter record, expected to rise
The Derivatives Market is Unwinding!
Up to a million headed for negative equity
Nassim Nicholas Taleb: the prophet of boom and doom
Food speculation spurs U.S. trading crackdown
Howling at the moon
Continental cuts 3,000 jobs, grounds planes
The Ripple Effect

Jun 5, 12:16 AM EDT

Toll Bros. ( Read more... )