Credit Crisis - An Awkward Corner

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Too Big To Fail

Hat Tip: Greg Mankiw Share this post: email it! | del.icio.us! | digg it! | newsVine!

Cold Callers, RIP

Despite the vocal claims of Indian industry about a credit crunch, bank credit is growing at a torrid pace. See latest RBI data here But I suspect that most of this money --- most of the "non-food" part, that is --- is being lent to companies...

How The Gale May Blow Through India

The crisis in Western finance has hogged the headlines this month. A lot has also been written and said about how the problems in the US and Europe will affect stock prices here. That's the bird's eye view. It would also be useful to take a worm's...

Financial Crises: My Seven Favourite Books

This has been an astonishing month in the global financial markets --- the collapse of Lehman Brothers, the sale of Merrill Lynch, the nationalization of Freddie Mac, Fannie Mae and AIG, and fears that several other financial institutions are tottering...

A Dash of Financial Sector Hypocrisy

T.N. Ninan has written a typically thoughtful piece in Business Standard this weekend. He points to the fact that the US government is merrily bailing out financial institutions while urging other countries to cut regulations of their financial sector...

Credit Crisis: CFOs Get Another Task

Amol Agrawal at Mostly Economics catches a UBS press release on the appointment of a new chief communication officer. Amol points to this particular sentence from the release: " Financial communications will now be part of the Group Chief Financial...

Credit Crisis: What Is ICICI Bank Up To?

ICICI Bank has sold $275 million worth of credit derivatives. I wonder why? The bank's spokesman has been quoted as saying that the sale is an attempt to reduce mark-to-market (MTM) losses. That may be technically true. If you do not own the derivatives...