Posts filed under “Bailouts”

Fed News Flow & Wrap Up

Got back long after the FOMC news was released. As we expected yesterday, the Fed disappointed the perma-bulls and left rates unchanged. Here’s what grabbed my eye between meeting. While I am gorging on yet another slab of marbled red meat, I won’t leave you with nothing to read.

Here is some interesting news flow surrounding the Fed decision, AIG and other, behind the scenes actions:

Surprise! Fed stays on hold, keeps neutral bias (MarketWatch)

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Parsing the Fed: New Risks, Same Rate (WSJ)

Fed to futures market: Thanks but no thanks (Rosenberg/Merrill Lynch)

• Bloomberg headline: US Considering AIG "Conservatorship"

Fed Said to Reverse Stance, Consider AIG Loan Package (Bloomberg) 

Today’s WTF headline: JPMorgan Gave Lehman $138 Billion After Bankruptcy (Bloomberg)

The Crisis of Confidence and the Banks (The Institutional Risk Analyst )

Geithner Skips FOMC Meeting to Stay in New York  (for AIG ?) (Real Time Economics) 

The End of Dissent: Fisher Joins the Majority  (WSJ)

Barclays to acquire Lehman capital markets (MarketWatch)

AIG-LEH-Federal Reserve and asymmetric information (Kotok/Cumberland)

Money fund breaks a buck: Reserve Primary Money Fund Falls Below $1 a Share  (Bloomberg)   

Shattering the Glass-Steagall: The rise of the commercial banks. (Slate)   

•  Greenspan: Economy in ‘once-in-a-century’ crisis (CNN/Money)

Why the Fed couldn’t lower rates (iTulip)

A Sense That Wall St.’s Boom Times Are Over (NYT)   Do ya think ?

Bail-out or bust?  (Economist)

McCain Calls Wall Street Reckless, Obama Hits McCain (Bloomberg) 

Investment Banks, By the Numbers (Marketbeat)

•  Any notice? Russia fell 20% overnight

 

Lastly, the always objective, neutral and disinterested Hank Greenberg:

It is in America’s interest to save AIG (Real Time Economics) 

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

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