The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 
every show 44 of 44
AIG Veterans Warned That Collateral Shortages Could Sink the Firm
“When AIG was first downgraded, I think it was 2005. And I started to hear whispers from more seasoned, long-term employees of AIG Financial Products along the lines of, oh gosh, if we're downgraded another couple of notches, there's not enough collateral in th…”
James Aitken Declined a $1 Billion Sovereign Wealth Fund Offer
“I had one sovereign wealth fund say, oh, we'd like to give you a billion dollars to manage a long, short financial fund. And I said, well, that's great, but I can't do that.”
Top Performers in the Eurozone Crisis Avoided Being Sovereign Debt Heroes
“For all the smash up in the Eurozone, all the policy mistakes, the people that ended up doing the best were the people who didn't try to be sovereign debt heroes.”
Expert Status Breeds Dangerous Intellectual Complacency in Financial Systems
“It's dangerous when you're considered to be an expert on something, and I think it's still fair that people, to say that people know me as the plumbing guy, but it's dangerous if you come to be known as an expert because it means you might shut your mind off t…”
Constructive Paranoia Balances Downside Protection with Unpriced Upside Potential
“Constructive paranoia, when you're thinking about markets and asset allocation and investing, is as much about, oh my gosh, am I overexposed to something that might go wrong, As it is about, oh my gosh, am I underexposed to this particular opportunity that peo…”
Japanese Banks Are Re-Rating Due to Upgraded Risk Management Capabilities
“I think it's quite cliched these days to say, you know, own Japanese banks, but I, I've liked them for a long time, and I like to stick with them, because I know how much they've invested in their risk management technology, I know how much they've upgraded th…”
Markets Are Completely Ignoring Central Bank Intentions to Reactivate Volatility
“Central banks, with the exception of the Bank of Japan, have been signaling for a year or more that they are trying to reactivate financial markets, and financial markets don't want to hear it.”
India's Commodity Demand Cycle Matches China's Accelerated Growth in 2003
“What if India today is at the same point of its commodity demand cycle as China was in 2003? Now that could be big, and my suspicion is that that hunch could explain part of why global commodity markets and energy markets remain fairly well supported.”
Aitken: UK private wealth is piling into gilts for tax exemption
“UK private banks and high net worth individuals are falling over themselves to buy gilts.
Yeah, quite shocking, right?
Very simple reason.
Gilts are the munis of sovereign debt.
We all know about the tax attractiveness of muni bonds in the US, but gilts, there…”
European bank stocks historically drop 40% to 45% during European recessions
“In European recessions, and we've had a couple of them over the past decade or so, European financial stocks tend to drop anywhere between 40 and 45%, in some cases a lot more.”
Aitken: Banks can borrow €2T from the ECB at -75bps
“Eligible banks can borrow up to two trillion euros in total from the ECB at -75 basis points.”