Home » Posts tagged 'bailout' (Page 2)
Tag Archives: bailout
Argentina Peso Plunges To New Record Low
Argentina Peso Plunges To New Record Low Last night, Argentina got 50 billion pieces of good news, when the IMF agreed to provide the troubled Latin American nation with a $50BN standby loan, the largest even in IMF history. It also got some bad news, when the central bank announced it would remove the 25/USD […]
Argentina Bailed Out With Biggest Ever Loan In IMF History
Argentina Bailed Out With Biggest Ever Loan In IMF History Just a few weeks after Argentina became ground zero for the coming Emerging Market crisis, when its currency suddenly collapsed at the end of April amid soaring inflation, exploding capital outflows and a central bank that was far behind the curve (as in “13% of […]
Another Nuclear Bailout?
Another Nuclear Bailout? As pulp fiction aficionados, we love a good hostage situation. Last week, New Jersey joined the list of states seemingly eager to bail out politically well-connected nuclear power plant operators. Governor Phil Murphy signed a bill that would grant subsidies of up to $300 million per yearto the owners of the Salem […]
Russia Mulls Additional Trillion Ruble Bailout For Failing Banks
Russia Mulls Additional Trillion Ruble Bailout For Failing Banks In August 2017 we noted Russia’s largest private lender was in trouble and required a bailout. Then a month later, a second bank hit the wall and was bailed out. And now, five months later, Russia’s central bank is mulling a further capital injection of a […]
Doug Noland: No Bailouts Anytime Soon, So Let Those Short Bets Run
Doug Noland: No Bailouts Anytime Soon, So Let Those Short Bets Run Now that equities are behaving the way they should have since, oh, 2013 – volatile with a pronounced down bias – everyone is wondering how far the crazy will go before the Fed starts buying the S&P 500. Short sellers, of course, want […]
“CalPERS Is Near Insolvency; It Needs A Bailout Soon” – Former Board Member Makes Stunning Admission
“CalPERS Is Near Insolvency; It Needs A Bailout Soon” – Former Board Member Makes Stunning Admission Two weeks ago, in the aftermath of the February 5 volocaust, we quoted David Hunt, CEO of $1.2 trillion asset manager PGIM, who said ignore the volatility spike, the real financial timebomb was and remains public pensions: “if you […]
China’s “AIG” Moment Arrives: Beijing Bails Out “Systemically Important” Anbang, Chairman Removed
China’s “AIG” Moment Arrives: Beijing Bails Out “Systemically Important” Anbang, Chairman Removed In November of last year, we set forth the four candidates that would trigger China’s downfall and expose the Potemkin village economy as nothing but a facade… It might be Anbang – the acquisitive insurance behemoth – see “Anbang Just Became A ‘Systemic […]
Bailed-Out RBS Systemically Forged Customer Signatures: Whistle-Blowers
Bailed-Out RBS Systemically Forged Customer Signatures: Whistle-Blowers Small-business customers suffered most at the bank’s hands. The Royal Bank of Scotland, the UK mega-lender that has already cost British taxpayers over £90 billion in bailouts, losses, fines and legal fees, could be about to face its biggest scandal yet following allegations staff were routinely “trained” to forge […]
It Begins: Pension Bailout Bill To Be Introduced This Week
It Begins: Pension Bailout Bill To Be Introduced This Week Over the past year we have provided extensive coverage of what will likely be the biggest, most politically charged, and most significant financial crisis facing the aging U.S. population: a multi-trillion pension storm, which was recently dubbed “one of the most heated battles of a […]
Unprecedented Housing Bailout Revealed, As China Property Sales Drop For First Time In 30 Months
Unprecedented Housing Bailout Revealed, As China Property Sales Drop For First Time In 30 Months Back in March, we explained why the “fate of the world economy is in the hands of China’s housing bubble.” The answer was simple: for the Chinese population, and growing middle class, to keep spending vibrant and borrowing elevated, it […]
Fearing Contagion, Russia Bails Out Bondholders in its Biggest Bank Collapse Yet
Fearing Contagion, Russia Bails Out Bondholders in its Biggest Bank Collapse Yet “The panicky mood has been dampened down,” as other banks are rumored to be teetering. True to the playbook of bank bailouts, the Central Bank of Russia (CBR) decided to bail out Bank Otkritie Financial Corporation, the largest privately owned bank in the […]
Russian Central Bank Bails Out Otkritie Bank, Country’s Largest Private Lender
Russian Central Bank Bails Out Otkritie Bank, Country’s Largest Private Lender It’s been a while since the world had any bank solvency concerns; in fact, ever since the thrice botched bail out of Monte Paschi and the debacle that was Banco Popular, it has been largely smooth sailing. That changed moments ago, when the Russian […]
Jackson Hole and the Appalachians
Jackson Hole and the Appalachians Henri Cartier-Bresson Trafalgar Square on the Day of the Coronation of George VI 1937 The Jackson Hole gathering of central bankers and other economics big shots is on again. They all still like themselves very much. Apart from a pesky inflation problem that none of them can get a grip […]
Italian Taxpayers To Foot €17 Billion Bill As Rome Bails Out Another Two Insolvent Banks
Italian Taxpayers To Foot €17 Billion Bill As Rome Bails Out Another Two Insolvent Banks Two weeks after the first, and biggest, European bank bail-in took place under the relatively new European bank resolution mechanism, the EBRD, when Spain’s Banco Popular wiped out the holders of its most risky securities, including equity and AT bonds, […]
The Sound of One Wing Flapping
The Sound of One Wing Flapping And suddenly the storms of early Trumptopia subside, or seem to. The surface of things turns eerily placid as the sweets of May sweep away the toils of an elongated mud season. Somebody stuffed Kim Jong Un back in his bunker with a carton of Kools and the Vin […]
