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Sure, the bank will wire as soon as he provides banking details of another account, problem is I doubt he has one(outside Australia and Switzerland)

Wiki loses their swiss bank account, swiss!! http://english.aljazeera.net/news/europe/2010/12/201012617104208313.html This is uncharted territory, the release of the code that opens up the Insurance file Assange is using as bargaining tool could create chaos in the markets(Heck, maybe even war)

One thing is for sure, this ain't journalism

Wikileaks dropped by paypal pretty soon they might lose their bank account as well.

Growth of money aggregates in the euro area has been very weak https://stats.ecb.europa.eu/stats/download/bsi_m3contrib/bsi_m3contrib/bsi_m3contrib.pdf M2 grew 2.2% in 2009 and so far is 1.8% in 2010. Its amazing how Trichet brags about how his bond buying is not QE due sterilization. Their...

Interesting article on the EU http://baselinescenario.com/2010/12/02/imminent-eurozone-default-how-likely/ Its an uncertain situation because they behave as if they wanted to bailout the nations no matter what(even making fiscal transfers) but at the same thing hint there might be...

The empire of WikiLeaks is crumbling, the .org domain is down(site is not opening), Assange seems to be days from being arrested

Just finished the audio version of No One Would Listen by Harry Markopolos about Bernie Madoff, this is the sample chapter http://www.youtube.com/watch?v=LEHmnLxCroc&feature=related Very interesting book, no great trading lessons, but I couldn't stop listening to the story. Its amazing how...

Hey you got access to a bloomberg, did anything important came out of the Fed release of lending info today?

"US Ready to Back Larger European Stability Fund Through the IMF: US Official"

The EU leaders by allowing a default would get both a Lehman event and having to bailout bankers, this would be a financial + economic + political crisis. By providing debt relief(cutting interest rates and or principal) they prevent all of that(they would lose some votes but probably not as...

Matter of fact they already did by extending the maturities of the Greek loans. Essentially a subsidy, who is to say the subsidy wont get bigger

I shot Buiter from Citi an email about this idea that the pigs might not default due fiscal transfers from the EU fund, he didn't reply but came out against the idea in his latest piece "Accessing external sources of funds will not mark the end of Ireland’s troubles. The reason is that, in...

Income growth might be more linked to happiness than previously thought http://www.frbsf.org/publications/economics/papers/2010/wp10-28bk.pdf

Past examples of balance sheet expansions not ending on high inflation(or hyper) http://research.stlouisfed.org/publications/review/10/11/Anderson.pdf The Nordic 90's experience is probably the most illustrative

Weird, I was reading the Forbes articles about Wikileaks and Assange and they were all deleted out of nowhere(404 error now) I'm listening to the audiobook 'No One would Listen' by Harry Markopolos about his attempts to expose Madoff. Given that things he went through I'd be surprised if...

I dont believe the initial rate is relevant, its done for political purposes. Remember AIG, the initial bailout had 'tough terms' then when they realized AIG wouldn't survive paying that they cut and started to loosen the terms. The EU leaders are willing to do anything to prevent defaults, the...

I can't see how they won't. Its like when Paulson changed TARP from buying bad assets to injecting capital to prevent the collapse of the big banks, it was unpopular and against the stated intentions of the program but he did anyway. If the EU people are really scared of a Lehman event they will...

This is not to say that the bets being placed by traders on default through CDS on the pigs aren't correctly priced but I no longer see this as a one way bet like some do. If this fiscal transfer is large enough the EU fund essentially would be wiping out the deficit of the pigs for several...

Matter of fact the EU fund could provide some kind of relief to the PIGS by cutting the interest rate(maybe even the principal) later on as a bargaining tool against a government thinking about default. I'd say this is likely, its not a loan its a fiscal transfer. This might be what the 'greece...