View Post

Libor probe raises serious questions about banks’ behaviour

In Blog by Ian Fraser0 Comments

28 March 2011 One of the biggest financial scandals of recent weeks involves the alleged “rigging” of Libor rates by a group of the world’s largest banks. One theory is that banks colluded to lowball interbank borrowing costs to deceive investors and quell fears about bank creditworthiness as the financial crisis …

View Post

Why the Oscar for ‘Inside Job’ is a sort of turning point

In Blog by Ian Fraser1 Comment

28 February 2011 Charles Ferguson’s movie about the financial crisis, Inside Job, released in the US in October 2010, richly deserved to win ‘Best Documentary’ at last night’s Oscars. Amid all the flimflam about actresses’ dresses and the other flaky stuff one’s subjected to around Oscars’ time, the Academy Award …

View Post

A fund for all seasons with simple secrets for success

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Financial Times Date: 17 January 2011 Standard Life Investments runs one of the biggest and best performing diversified growth funds on the market. The Edinburgh-based group’s £8.6bn ($13.5bn) Global Absolute Return Strategies fund has been pulling in billions from pension funds and charities in the UK, …

View Post

Charles Ferguson: The securitization food chain

In Blog by Ian Fraser3 Comments

10 January 2011   Charles Ferguson, director of the seminal movie about the global financial crisis, Inside Job, has warned that we should continue to feel a profound sense of unease about banks and financial institutions — and by extension about all our economic and political futures. In a lecture …

View Post

Chinese ratings agency says QE2 is “like drinking poison”

In Blog by Ian Fraser0 Comments

10 November 2010 The mood ahead of the G20 summit in South Korea is turning ugly. America’s actions — especially its policy of deliberate dollar devaluation through quantitative easing — are looking increasingly irresponsible and even reckless to its creditors, some of whom are starting to snap. The Federal Reserve’s …

View Post

The terrifying reality of living in a post-bubble world

In Blog by Ian Fraser1 Comment

27 October 2010 This round-table event organized by the AEI (American Enterprise Institute for Public Policy Research) is long but worth watching if you have any interest in the future of banking and economics. I’ve just watched the video and found parts of it frankly terrifying. If you believe these speakers, …

View Post

“Banks are now in permanent role of looters”

In Blog by Ian Fraser2 Comments

15 September 2010 Today I chanced upon the financial blogging site Naked Capitalism and a piece in which Yves Smith accuses banks of attempting to call the politicians’ bluff over Basel III. Smith, author of Econned: How unenlightened self-interest undermined democracy and corrupted capitalism and who formerly worked at Goldman Sachs, McKinsey & …

View Post

Dodd-Frank Act won’t prevent future crises

In Article Library by Ian Fraser

By Ian Fraser Published: Qfinance Date: 16 July 2010 American banks and financial institutions can hardly have expected to have faced no regulatory or enforced structural or behavioral changes given their lead role in causing the worst financial crash since the 1930s. However there are some who believe that the …

View Post

Congress sat idly by while US banks overdosed on steroids

In Blog by Ian Fraser0 Comments

14 January 2010 Mike Mayo, an analyst and managing director at brokerage CLSA, yesterday delivered a memorable diagnosis of what went wrong with the US banking sector. In his testimony to the US Congress’s Financial Crisis Inquiry Commission, Mayo also prescribed some cures (to be outlined in a future blog post) …

View Post

Goldman Sachs loses its grip

In Blog by Ian Fraser0 Comments

23 November 2009 About two months ago I wrote a blog post that concluded “Yes, it seems that the game may finally be up for Goldman” (see Is the game up for Goldman? published October 4th, 2009). Well it looks like things are unravelling faster than I expected for the …

View Post

The times they are a changin’

In Blog by Ian Fraser0 Comments

16 September 2009 This photo of a US sheriff gingerly advancing through the wreckage of somebody’s home with his pistol loaded and ready to fire may look like something out of a war. But it’s just an ordinary scene from the suburbs in post crash America. The photo, taken in …