Linkfest: Bank legal payouts pick up; Weak jobs seen keeping Fed on QE path; Shutdown, Obamacare claimed to impact job market

Categories: Linkfest

Today’s most shared: Banks shield swaps from prying eyes, seek to sidestep regs as legal payouts climb… China banks hike loan reserves ahead of expected defaults… Politifact calls out Bartiromo on part-time employment claims… White House claims shutdown cost 120,000 jobs, 0.25% of annualized 4Q GDP growth… Jobs data suggest delay for Fed tapering.

via BusinessWeek - The Sensational Success of Small-Cap Stocks

via BusinessWeek – The Sensational Success of Small-Cap Stocks

Banks Said to Seize ‘Footnote 513’ to Keep Swaps Private
Bloomberg
Wall Street, trying to preserve profits from swap trading in the face of tougher scrutiny from Washington, has found a new way to keep some of its overseas deals private. It’s called Footnote 513.
shared by @JohnLothian, Here Is The City, @nasiripour, @eisingerj, @AnnieLowrey
 
Top China Banks Triple Debt Write-Offs as Defaults Loom
Bloomberg
China’s biggest banks tripled the amount of bad loans written off in the first half, cleaning up their books ahead of what may be a fresh wave of defaults.
shared by Business Insider, @JacobWolinsky, @vitaliyk, @TheIntuitInvest
 
Bartiromo says Obamacare is turning us into ’a part-time employment country’
politifact.com
Among the many problems that critics of Obamacare like to highlight, one of the more common is that the health care law undermines jobs and the economy.
shared by Business Insider, @ryanchittum, @JustinWolfers
 
The Sensational Success of Small-Cap Stocks
Bloomberg Businessweek
Why are small-cap stocks all the rage—not just now, but for the better part of the past 13 years?
shared by @EddyElfenbein, @bclund, Reformed Broker
 
A Chance to End a Billion-Dollar Tax Break for Private Equity
New York Times
The Obama administration has tried to tax private equity profits as income, and a recent court case could offer it a chance for victory.
shared by @JacobWolinsky, @danprimack, @peter_tl, @EpicureanDeal, @ritholtz
 
Rabobank faces near-$1bn Libor fine
Financial Times
Rabobank is set to face a fine of almost $1bn for the alleged manipulation of Libor and other benchmark interbank lending rates as early as next week as regulators continue to punish the architects of a scandal that has shaken trust in the financial system.
shared by @AmyResnick, NYT Dealbook, @volatilitysmile, @nasiripour, @mhewson_CMC
 
Buffett Says Dimon Had to Bare Throat in Submission
Bloomberg
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has little room to bargain as regulators probe the sale of faulty mortgage bonds.
shared by NYT Dealbook, @counterparties, @JohnLothian, @nasiripour
 
Bloated Government? Federal Employment at 47-Year Low
New York Times
Federal government employment has fallen to the lowest level since 1966.
shared by @ritholtz, reddit/Economics, @MarkThoma, The Big Picture
 
Fed Doves Need to Think Big
Bloomberg
The Federal Reserve Bank of Chicago’s Charles Evans makes a case for loose money that only works if you assume that instability has been expunged from the financial system.
shared by @TheStalwart, @edwardnh, @JamesGRickards
 
Making sense of the JP Morgan settlement
Reuters
Are you worried that JP Morgan is being robbed of $13 billion that rightfully belongs to shareholders?
shared by Abnormal Returns, Naked Capitalism, @SimoneFoxman, @IvanTheK, @davidgaffen
 
Weak Job Data May Weigh on Fed’s Decision on Stimulus
New York Times
A Labor Department report showing lackluster hiring in September — 148,000 jobs — is expected to further put off the Federal Reserve’s decision to reduce its stimulus efforts.
shared by reddit/Economics, Crossing Wall Street, Calculated Risk
 

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