Posts filed under “Bailouts”

Lacker & Plosser: No Deal! (at least none funded by US)

Lacker & Plosser:

Richmond Fed President Jeffrey Lacker and his Philadelphia counterpart Charles Plosser raised concerns about moral hazard in June, urging that lines be set for any central bank intervention. U.S. regulators reluctant to backstop another investment bank may point to the fact that speculation about Lehman’s potential failure hasn’t generated as much concern among investors as Bear Stearns’s implosion.

Lawrence Meyer:

"What would be best is to alter the precedent with Bear Stearns,” said former Fed governor Laurence Meyer, who is now vice chairman of Macroeconomic Advisers LLC, an economic forecasting firm in Washington.

CNBC: 

Sources says no government money in resolution of Lehman’s situation; Two things will make this deal different: 1) the market has been aware of the situation and has had time to prepare; 2)Fed’s primary dealer credit facility now exists to allow for orderly process

See also:
Lehman’s Fuld Races to Sell Firm as Fed Balks at Deal
Yalman Onaran
Bloomberg, Sept. 12
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3RwHXFSLl2E&

Category: Bailouts, Federal Reserve, Taxes and Policy

Paulson: Congress Has No Authority Here

Category: Bailouts, Credit, Legal, Taxes and Policy

Lehman Bailout This Weekend?

Category: Bailouts, Credit, M&A, Valuation

Put Some More Lipstick on These Pigs

It ain’t just Lehman, Fannie and Freddie: There are plenty of other Pigs in the sea. > Washington Mutual (WM) We are long this — my trading desk has been trying to bottom tick this today — but I don’t like it as anything other than a trade. > American International Group (AIG) We are…Read More

Category: Bailouts, Corporate Management, Credit, Short Selling, Valuation

Ackman on Freddie, Fannie bailout

Ackman on the GSE Bailout

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Ackman 

Wed. Sept. 10 2008 | 8:06 AM[12:29]

Perspectives on Lehman, Fannie & Freddie, with Bill Ackman, Pershing Square Capital Management managing principal

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Financial Crisis

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Ackman_faber_2

Wed. Sept. 10 2008 | 8:35 AM[05:06]

Discussing the ensuing financial crisis and the risk of global recession, with Bill Ackman, Pershing Square Capital Management; Nouriel Roub…

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Parting Shots

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Ackman_roubini

Wed. Sept. 10 2008 | 8:57 AM[02:23]

Final thoughts, with Bill Ackman, Pershing Sqare Capital Management and Nouriel Roubini, RGEMonitor.com

Category: Bailouts, Credit, Video

“Each crisis has been followed by a bigger crisis…”

Category: Bailouts, Federal Reserve, Markets, Technical Analysis, Trading

“Each crisis has been followed by a bigger crisis…”

Category: Bailouts, Federal Reserve, Markets, Technical Analysis, Trading

“Each crisis has been followed by a bigger crisis…”

Category: Bailouts, Federal Reserve, Markets, Technical Analysis, Trading

Nice discussion via Charlie Rose: Floyd Norris, Mohamed El-Erian, Gretchen Morgenson, Nouriel Roubini discuss the world’s biggest bailout: Fanny Mae and Freddie Mac

 

Hat tip, Paul!

Category: Bailouts, Credit, Video

GSE Honeymoon Is Over

Category: Bailouts, Credit