Almost overlooked in yesterday’s mess was the CPI data. It was a classic: "Consumer prices were forecast to rise 0.3 percent,...
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OMG: This is simply too funny at 2:17 pm: Standard & Poor’s cut some of its credit ratings on investment bank Bear Stearns...
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LIVE BLOGGING BEAR STEARNS: (in reverse chronological order) ~~~ 5:00pm Final Price: $30 even, down -27.00 (-47.37%) ...
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Broker’s trading exposures to Carlyle Capital’s soon to be defaulted fund — rumored to be leveraged at an astonishing...
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Yet another shoe(s) has dropped, as several large hedge funds imploded, leading to global bourses being pressured overnight. According to...
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This is the best explanation I have seen as to why the Fed set up the TSLF, and allowed it to accept less than stellar paper: "The...
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source: Bloomberg > It’s only one man’s opinion, but Freddie Mac Chief Executive Office Richard Syron had some rather...
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> "This product was meant to help people do construction on their house, [and] do debt consolidation — not to take out...
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He discusses borrowed reserves versus equity, and coming bank failures: >
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>"The Federal Reserve’s actions today may have been strongly influenced by Bear Stearns’ problem."-Dick...
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