News Articles and Commentary of Financial Interest- 6/12/13... (Additions & Comments Welcome)

Old_Joe

United States:

Insurers Inflating Books, New York Regulator Says
"life insurers... seeking out states with looser regulations and setting up shell companies"
⇒ Link to NY Times Article

Analysis - Emerging market crunch may cause Fed to think twice
from Scott: "Gross: Fed not raising interest rates for years. Intermediate treasuries a buy at 2%+ "
⇒ Link to Reuters Article

Hank Greenberg- The people v Hank
⇒ Link to "The Economist" Article

Bull marketing: Advertising hedge funds
"Alternative-investment firms are preparing to pitch to the public"
⇒ Link to "The Economist" Article

America’s non-banks... The anointed: "The number of too-big-to-fail institutions gets bigger"
“This is a catastrophe”: a fellow of the American Enterprise Institute
⇒ Link to "The Economist" Article

Can Bernanke Avoid a Meltdown in the Bond Market?
The Road to Normalcy / Former GS head of Asset Management Jim O'Neill
"The past few weeks have given us a hint of what might happen..."
⇒ Link to Bloomberg Article
Thanks to TSP_Transfer for the original link

Yellen overwhelming favorite to replace Bernanke at Fed: Reuters poll
⇒ Link to Yahoo Article
Thanks to TSP_Transfer for the original link


International:

Europe’s banking union: Till default do us part
⇒ Link to "The Economist" Article

Banks fear cyber attack more than euro crisis - BoE's Haldane
"hacking and other cyber attacks... the top risk for Britain's banks"
⇒ Link to Reuters Article

British banks plan task force to respond to standards probe
"report is expected to make sweeping recommendations"
⇒ Link to Reuters Article

Irish Stocks Surge Leaves European Periphery Losing
⇒ Link to Bloomberg Article
Thanks to Max for the original link

Swiss upper chamber approves U.S. tax deal
"a bill that would let Swiss banks hand over information to the U.S. authorities"
⇒ Link to Reuters Article

MaxBialystock

Jesus. Why am I not surprised? At least the NY chief regulator is DOING something. Here in Massachusetts, I recall the days, growing up in the '60s and '70s, when Billy Bulger was Ins. Commissioner and simply served as the lapdog for the Insurers. (Yes, the brother of the felon who is on trial, "Whitey" Bulger.) You want to raise rates on customers---who are REQUIRED to buy your car insurance??? SURE! Go ahead. No problem. Let's go have lunch.

MaxBialystock

Ireland climbing out of the pit, and stocks rising, despite everything. http://www.bloomberg.com/news/2013-06-11/irish-stocks-surge-leaves-european-periphery-losing.html

Mindy

Thank you Old Joe for my morning reading. I do believe "may" is becoming my favorite word. It means I might be right here and this might happen or I might be wrong and it won't. Like the weather man giving a 50% chance for rain. Ted in drag? No. But your disposition is better. (: (:

Old_Joe

Reply to @Mindy: "But your disposition is better."...

Perhaps that should read "But your disposition may be better." Not sure my wife would agree in any case. Thanks for the nice comments!

scott

https://twitter.com/PIMCO/status/344815346705903617

Gross: Fed not raising interest rates for years. Intermediate treasuries a buy a 2%+

TSP_Transfer

The Road to Normalcy / Former GS head of Asset Management Jim O'Neill
http://www.bloomberg.com/news/2013-06-11/can-bernanke-avoid-a-meltdown-in-the-bond-market-.html
Maybe not for a while!
http://news.yahoo.com/yellen-overwhelming-favorite-replace-bernanke-fed-reuters-poll-153134847.html
Guggenheim; More volitility.
http://guggenheimpartners.com/perspectives/macroview/the-instability-of-stability