7 Comments for this entry

1. John M. says:

   August 29, 2008 at 8:26 AM

   twist -

   I found something interesting at the bottom of this Google cluster, so I grabbed it off the screen before it could be swallowed by the Google gods.
   

   Comment about this story

   Comment by Christopher Whalen, Managing Director, Institutional Risk Analytics
   google news commentWhen Will Losses Peak in the Banking/Financial Sector? – 21 hours ago

   My firm is currently projecting that loss rates for all US banks will peak in Q1 2009. With the banking industry at 134bp of charge offs in Q2 2008, according to data from the FDIC, and many banks already at early 1990s levels of loss, this implies that peak loss rates in this credit cycle could be far higher than the 200bp (2%) of loss seen for the whole industry in the early 1990s. This is one reason why we have been so vocal in calling for the Treasury to 1) nationalize the GSEs (and thereby take this issue off the table for investors) and 2) immediately begin consideration of the financial and other resources needed by the FDIC and other regulators to deal with bank failures and make good the federal deposit guarantee. If our government officials act with purpose and urgency, it is possible for Washington to get ahead of the bank solvency issue and prevent an overall breakdown in public confidence. But if Washington continues to temporize and delay the obvious action needed with respect to the GSEs and the banking system, then I believe there is a growing possibility that a serious loss of public confidence may be manifest around or before the November elections.
2. Chuck Ponzi says:

   August 29, 2008 at 9:57 AM

   Holy shiznit,

   That was funny. I about lost it when I saw the mortgage pig.

   If it wasn’t so entertaining, I would believe that whoever has the creativity to make this stuff needs to put their energy towards making money, they could be millionaires.

   This is viral video for bubble bloggers at its finest.

   BTW, who is the character at :40 wearing a yellow wu-wear jacket and a gold chain toting a weapon?
3. womp says:

   August 29, 2008 at 3:32 PM

   What has been seen, cannot be unseen.
4. metroplexual says:

   August 29, 2008 at 7:59 PM

   My two favorite econ blogs in one single video rant. Barry and CR.
5. 45north says:

   August 29, 2008 at 9:22 PM

   It starts off as a discussion between a man and a woman. The language is English. The rest is cacophony – no discussion – no language. I didn’t see the split second images until I watched it the second time.

   Twist: the anti-spam word is false. When I complained before you said something about how somebody else was responsible for this. Well no Twist you are.
6. twist says:

   August 29, 2008 at 10:27 PM

   North45-

   I think you misunderstood me. Anything that goes wrong around here is my responsibility. The 20 dollar bill stops here. [Allowing for inflation.]

   Igor’s got his vocabulary list originally from the sys admin, and I’ve added to it a time or two. I suppose we could change it so all he says is things like “BL2vR93″ but there’s not much fun in that. We run the risk that Igor will occasionally put his foot in his mouth, but I figure if I can live with the risk- so can he.

   The anti-spam words should not be construed to be evaluations of posters comments. They tend to be rather gloomy, but I think our posters are great.

   My word: “wonky” [Yeah- John and I have to enter the same words as everyone else.]
7. BethSeattle says:

   September 3, 2008 at 2:59 PM

   YES, the mortgage pig. It is, really! Too cool.

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