Chris Whalen On Greece: 'Get The Bondholders In A Room And Force Haircuts Down Their Throats' (CNBC Video)

Video - Chris Whalen on Fast Money - June 17, 2011

Excellent discussion.  Runs 4 minutes.

Comments

[DailyBail]

The EFF loses confidence in Bitcoin

Electronic Frontier Foundation is uncertain about digital currency

http://www.theinquirer.net/inquirer/news/2080559/eff-loses-confidence-bitcoin#ixzz1PxkNdKLG

[DailyBail]

(Reuters) - HSBC (HSBA.L) will wind down its $33 billion U.S. credit card business if it cannot find a buyer, the bank's chief executive said on Monday.

http://www.reuters.com/article/2011/06/13/us-hsbc-idUSTRE75C3M620110613

[DailyBail]

U.S. Regulators Worried About Exposure of Money-Market Assets to European Banks

http://online.wsj.com/article/SB10001424052702304887904576400080804439222.html

[DailyBail]

Daily deal sites, home of the half-off, limited-time-only, pre-paid coupon craze, are no longer content to sell low-cost dinners and dye jobs. Now on the discount table: laser eye surgery, dental checkups, and other medical services.

http://www.smartmoney.com/plan/health-care/thats-one-way-to-cut-your-medical-bills-by-50-1308602990760/

[DailyBail]

Updated The UK's Office and National Statistics and Lockheed Martin are racing to check if hacker group LulzSec has gotten its hands on this year's census data.

Such a massive data loss would be embarrassing even for a government with such an amazing record of data protection failures.

http://www.theregister.co.uk/2011/06/21/uk_census_lost/

[DailyBail]

Increasing capital requirement will stunt lending, says HSBC

http://www.moneymarketing.co.uk/politics/increasing-capital-requirement-will-stunt-lending-says-hsbc/1032475.article

[Josie]

@DB. Re: HSBC

This assumes the banks will lend at lower caital requirements, which they have not done as yet. So far, we have seen US banks borrow from Fed at ~0%, buy Treasury bonds at ~3%, and sit on the $$$, or gamble in the markets.

Bottom line: The banksters love leverage and want to keep it in place as much as possible. Where would they be without it?

[DailyBail]

Leverage is their golden ticket...so i support higher capital reqs across the board...i have no sympathy for hsbc and other complaining banks or that whiny bastard jamie dimon...i just posted the hsbc story to show how they never stop complaining...i should have added a comment afterwards to make clear my position...