Comments on: Inside Wall Street: Why Hocus-Pocus Accounting Will Perpetuate the Capital Markets Credit Crisis

By: How Lehman Brothers' Own Risk Management Strategy May Cause it to Fail

How Lehman Brothers' Own Risk Management Strategy May Cause it to Fail — Mon, 30 Mar 2009 18:28:04 +0000

[...] Money Morning Financial Analysis: Inside Wall Street: Why Hocus-Pocus Accounting Will Perpetuate the Capital Markets Credit Crisis. [...]

By: Dear Hank: Here's How to End the Credit Crisis at No Cost to Taxpayers | triggereventstrategist.com

Mon, 08 Dec 2008 18:29:48 +0000

[...] Money Morning Market Analysis Series: Inside Wall Street: Why Hocus-Pocus Accounting Will Perpetuate the Capital Markets Credit Crisis (Pa…. [...]

By: Inside Wall Street: The Hocus-Pocus Accounting Tricks That Will Perpetuate the Capital Markets Credit Crisis | triggereventstrategist.com

Tue, 02 Dec 2008 17:07:05 +0000

[...] secrets – in an ongoing search for the investment ideas with the biggest profit potential. In Part I of his commentary on “hocus-pocus accounting,” which ran yesterday (Wednesday), Gilani detailed just how these [...]

By: Too lazy to make a good argument | No Treason

Too lazy to make a good argument | No Treason — Sun, 05 Oct 2008 20:00:18 +0000

[...] Inside Wall Street: Why Hocus-Pocus Accounting Will Perpetuate the … [...]

By: How Complex Securities, Wall Street Protectionism and Myopic Regulation Caused a Near-Meltdown of the U.S. Banking System

Tue, 23 Sep 2008 23:52:43 +0000

[...] This kind of stuff is out there. There’s a lot of it. And only an act of God will bring these securities back from the depths where they now reside. With their collateralized premise and structured nature, CDOs are very difficult to value – especially since no one trusts anyone else’s "internal valuation model." Since everyone is afraid of these securities because no one really knows what they’re actually worth, no one wants to buy them. However, when an institution – such as a Merrill Lynch & Co. Inc. (MER) – gets desperate enough to sell a portfolio of these securities at 22 cents on the dollar, then everyone else who has to "mark-to-market" their assets now has to value similar securities of their own at 22 cents on the dollar. That causes massive write-downs at banks, investment banks, insurance companies, and other financial institutions. And these companies write down assets and watch their losses escalate, they are forced to raise additional capital to meet regulatory requirements. [...]

By: Inside Wall Street: The Hocus-Pocus Accounting Tricks That Will Perpetuate the Capital Markets Credit Crisis

Thu, 11 Sep 2008 02:10:04 +0000

[...] two-part story detailing how accounting machinations have fueled the capital markets credit crisis. Part I appeared yesterday [...]

By: Learning about the Federal Reserve and Money | No Treason

Learning about the Federal Reserve and Money | No Treason — Wed, 10 Sep 2008 20:07:41 +0000

[...] Inside Wall Street: Why Hocus-Pocus Accounting Will Perpetuate the … [...]