Wednesday links: play in the PPIP pool

25Mar09

Given where some banks have their toxic assets marked, it will be difficult to find any takers via the PPIP.  (Zero Hedge, ibid also FT Alphaville)

If the banks really did sell toxic asset they could very well bankrupt themselves. (Clusterstock, FT.com, WSJ.com)

“The lesson here is that the interests of investors and government are aligned if all the mortgage pools are money losers (or winners), but that things get a little weird if there’s a mix of winners and losers. ”  (Curious Capitalist)

The ways to game the PPIP keep proliferating.  (Breakingviews.com)

Will a secondary market for toxic assets take hold?  (Crossing Wall Street)

What are Citigroup (C) and Bank of America (BAC) up to buying MBS with abandon?  (NYPost.com, Dealbreaker)

Should individuals get a chance to play in the PPIP pool?  (Economix, Newsweek.com)

Some one had the foresight to see that “too big to fail” institutions would be a problem eventually.  (Big Picture)

Welcome to the new, new bull market.  (MarketBeat)

Does recent volatility indicate a change in market trend?  (MarketSci Blog)

Add another big name to the long gold team.  (market folly)

iShares is losing market share in the US.  (WSJ.com)

Trading rules are vitally important – as is knowing when they should be broken.”(VIX and More)

Are you suffering from “investment paralysis“?  A cure.  (Marketwatch.com)

Leveraged ETFs are not a substitute for investors with a long time horizon.  (SSRN.com)

The top hedge fund managers still made a boatload of cash.  (AlphaNYTimes.com, Dealbreaker, Curious Capitalist)

Smaller hedge funds were disproportionately hurt by the exodus of cash out of the industry.  (FT.com also Ideas Report)

Big banks are dead, long live regional banks.  (Real Time Economics)

Don’t assume the markets will readily absorb the coming wave of government debt issuance.  (Economist.com)

Will there ever be an alternative to the US dollar as the world’s reserve currency?  (Aleph Blog)

Sovereign credit default swap spreads have come in over the past month.  (Infectious Greed)

Is Russia getting its fiscal house in order?  (Breakingviews.com)

The case of AIG is being used to make the pitch for wider financial regulatory powers.  (WashingtonPost.com, NYTimes.com, The Big Money)

“That the collapse of AIG Financial Products would have damaged the other Insurance half of the firm is a frightening development.”  (Big Picture)

“(I)f we do not use current political momentum to fundamentally reform a system which has shown itself to be unstable and even dangerous, a second opportunity may come at a very high price.” (Compulsive Theorist via Economist’s View)

Don’t get excited about recent new home sales numbers.  (Calculated Risk, Clusterstock)

A rave review for Dr. Brett’s new book “The Daily Trading Coach.”  (AlphaTrends)

In defense of brevity (and Twitter).  (Idea of the Day)

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