Friday, September 23, 2011

best of the FT

Markets reveal limits to Fed’s $400bn ‘twist’ SMALL CAPS WONT BENEFIT FROM BANK LOANS, ONLY LARGE CAPS. CREDIT RISK ISSUE.

Brazil blames Fed move on fiscal inaction MANTEGA FINANCE MINISRTER BLAMES LACK OF US TAX POLICY OVEREXTENDING MONETARY EXPANASION

WTO says trade growth has slowed sharply TRADE DEPENDS ON TRUST

Pakistan warns US it could ‘lose an ally’ ACCUSATIONS THAT PAKISTANI INTELLIGENCE SERVICE FOMENTING TERRORISM IN AFGHANISTAN

Russia’s banks: Collateral damage ANALYSIS OF SCANDAL AROUND BANK OF MOSCOW AND LACK OF RELIABLE DATA

On rogues, risk-taking and restoring trust in banks WILL VOLCKER LAW REGULATE RISK TAKING? NOTUNLESS CRIMINAL RESPONSIBILITIES INTRODUCED FOR SENIOR MANAGER LIABLE OF NEGLIGENCE

China: manufactured gloom HOW CHINA GDP SHIFTS FROM EXPORT TO DOMESTGIC LED GROWTH

Grand Prix provides little traction for UBS NO ANALYTICAL NEWS BUT WELL WRITTEN ARTICLE BY PARIS FT CORRESPONDENT ON UBS, HIGHLIGHTINTG WITH BRITISH HUMOUR SAME CONCERNS A SWISS MAY PROVE WITH DISMAL SHOW OF UBS F1 APPROACH. I MAY ADD THAT OSWALD GRUEBEL CAN BE COMPARED TO SCHUMACHER, HE CAME BACK FROM SLEEPY RETIREMENT TO ENJOY F1 RACING.

Back office upgrades confirmed as lagging UBS SCANDAL EXPOSES BACK OFFICE FRAILTY COMAPRED TO TRADING STATE OF THE ART TECHNOLOGY. THIS TRIGGERS MANIPULATIONS. SYMPTOM OF LACK OF IT / CAPEX EXPENDITURES AND INNER POLITICS TO DOPE BUDGET ALLOCATION IN FAVOR OF BONUS DRIVEN BSUINESS LIKE TRADING

US mortgages: strings attached fed repurchasing housing agency debt helps push yields lower, will it trickle down to mortgage rates. This is what they wish

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