Posts filed under “Bailouts”

Bailout Nation, Soviet Style: Russian Trading Halt

The criminal enterprise, formerly known as Russia, has decided to halt trading. With its stock market down 57%, Putin & Co. are being even more risk averse than Paulson, Bernanke, & Co.

"Russian markets stopped trading for a second day after emergency funding measures by the government failed to halt the biggest stock rout since the country’s debt default and currency devaluation a decade ago.

The ruble-denominated Micex Stock Exchange suspended trading indefinitely at 12:10 p.m. after its index erased a 7.6 percent gain and plunged as much as 10 percent within an hour. The benchmark fell 17 percent yesterday, the biggest drop since Bloomberg started tracking the gauge in May 2001. The dollar- denominated RTS halted trading after similar declines.

The government yesterday injected $20 billion into the interbank lending market via central bank and Finance Ministry auctions in a bid to contain soaring borrowing rates as credit dried up in the wake of the Lehman Brothers Holdings Inc. bankruptcy. The one-day MosPrime overnight rate, a gauge for monitoring liquidity demand, leapt 25 basis points to a record 11.08 percent today."

Here in the US, we may be well meaning interventionists Socialists — but at least our markets are open !


Russian Markets Halted as Emergency Funding Fails to Halt Rout
Alex Nicholson and William Mauldin 
Bloomberg, Sept. 17 2008

Category: Bailouts, Taxes and Policy, Trading, War/Defense

AIG Bailout: $85B in Loans, 80% AIG Taxpayer Owned

Category: Bailouts, Federal Reserve, Taxes and Policy

Fed News Flow & Wrap Up

Category: Bailouts, Federal Reserve, Psychology

US Considering AIG “Conservatorship”

Bloomberg: Excerpt: The U.S. Treasury is considering taking over American International Group Inc. under a conservatorship as one option to address the insurer’s crisis, according to two people briefed on the discussions. Executives from AIG, bankers and Treasury and Federal Reserve officials are meeting today on the company’s situation at the New York Fed. A…Read More

Category: Bailouts, Federal Reserve, Taxes and Policy

50% Retracement of 2002-2007 Rally

It has long been my perspective that following the great crash of 2000, we would be stuck in a secular bear market, with cyclical rallies and sell offs. The lows set in October 2002/March 2003, up until the October 2007 highs, was an example of a cyclical rally. The selloff from October 2007 has been…Read More

Category: Bailouts, Contrary Indicators, Markets, Psychology, Technical Analysis, Trading

My Mea Culpa on Thain

Category: Bailouts, Corporate Management, Credit, M&A, Valuation

A Disasterous Rate Cut ?

Category: Bailouts, Federal Reserve, Fixed Income/Interest Rates, Inflation

A Disastrous Rate Cut ?

Category: Bailouts, Federal Reserve, Fixed Income/Interest Rates, Inflation

The Terrible Lessons of Bear Stearns

Category: Bailouts, Corporate Management, Credit, Federal Reserve, Legal, Taxes and Policy

Morning News Dump

Category: Bailouts, Corporate Management, Credit, Financial Press