From Yahoo: Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points, as the financial bailout package was ...
Well, at least the banking operations. Citigroup will absorb up to $42 billion of losses in the deal, with the FDIC covering any remaining losses, the ...
Pelosi’s draft of the changes to the US bailout plan are in (thanks to Calculated Risk): $700 billion in two installments, congress can say no if they ...
Bloomberg has an interesting article on how rating agencies did a considerable amount of damage by not being quite honest with rating, creating the current ...
From an excellent article by Absolute Return Partners (courtesy John Mauldin): Talking about policy makers, back in 1991, when the Japanese property bubble ...
The rescue plan is out and so are thoughts on it. The plan says, in a way I could glean: We’re going to buy mortgages because no one’s buying them. ...
What the US Government is doing: Banning short selling (till Oct 2). The Securities and Exchange Commission, acting in concert with the U.K. Financial Services ...
Ok this is as crazy as it gets. Please wear your seat belts. Lehman at land’s end, will likely file bankruptcy. BoA and Barclays have quit talks to buy. ...
