News links for 14 May 2013
German finance minister against idea of ECB buying ABS: magazine | Reuters
Mario Draghi specifically said the ECB would not buy ABS. SO this is complete politics. It's clear that the Germans want to limit the ECB as much as possible. "Germany's finance minister has signaled his opposition to any move by the European Central Bank to buy asset-backed securities to help indebted states, telling his party it would amount to "covert state financing", according to German magazine Spiegel."
Bullish on Community Bank Stocks - Barrons.com
"A veteran investor expects a wave of bottom-up consolidation to provide plenty of opportunities for investors.I see it as a pig-in-the-python analogy. In other words, the credit pig has been passing through the bank python, and the ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.