Posts filed under “Bailouts”

US Considering AIG “Conservatorship”

Bloomberg:

aig_bailout

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 number of options are under being discussed to fill a shortfall of $75 billion to $100 billion in funding, one of the people said. The talks are continuing, he said.

Goldman Sachs Group Inc. and JPMorgan Chase & Co., which have been leading efforts to find a private-sector solution, informed the Fed that such an effort would be difficult, the person said. Under another option, the Fed would extend a loan to New York-based AIG, according to a person informed of the matter.

 

Source:
Treasury Said to Be Considering AIG Conservatorship
Craig Torres and Elizabeth Hester
Bloomberg, Sept. 16 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=a11UW1B8w8uM&

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

Roubini: U.S. Financial Industry Facing ‘Disaster’

Nouriel Roubini, an economics professor at New York University, talks about the turmoil in financial markets and outlook for the sale of Lehman Brothers HoldingsL


click for video

Nouriel

Category: Bailouts, Corporate Management, Credit, Video

Roubini: U.S. Financial Industry Facing ‘Disaster’

Nouriel Roubini, an economics professor at New York University, talks about the turmoil in financial markets and outlook for the sale of Lehman Brothers HoldingsL


click for video

Nouriel

Category: Bailouts, Corporate Management, Credit, Video

Live Blogging CNBC Lehman Show

Category: Bailouts, Corporate Management, Federal Reserve, Financial Press