Intervention Ain’t What It Used to Be
Today’s recommended MSM article is via the Ahead of the Tape column in the WSJ, titled "Intervention Ain’t What It Used...
Weekend Bailouts and Subsequent Market Reactions
Another weekend, another bailout, another market reaction: How many Sunday press releases is it going to take to save the financial...
Treasury Takeover of GSEs: 10 Key Points
I am still working my way through the details of the GSE takeover by Treasury, but here is my initial read of the details: • FHFA will...
Treasury Announcements on Fannie/Freddie
Here are the official statements on the Fannie & Freddie bailouts: Statement by Secretary Henry M. Paulson, Jr. on Treasury and...
Ackman: Fannie Mae/Freddie Mac Restructuring
September 5, 2008 The Honorable Henry M. Paulson, Jr.Secretary United States Department of the Treasury1500 Pennsylvania Avenue,...
Treasury: Bailout Details Sunday 11 AM
As wee discussed Saturday, the details of the Fan-Fred bailout will be announced early Sunday at 11 am. In my opinion, this is very...
Roundup: Fannie & Freddie Bailout
Last evening, we asked what are the costs and consequences, as well as the market reaction to, the imminent bailout of Fannie Mae (FNM)...
Pete Peterson Interview, Charlie Rose, 2004
We showed a Charlie Rose interview with Pete Peterson, co-founder of the Blackstone Group, sometime ago. Here is a prior interview in...
Can the Fed Save the (Financial) World?
Roger Altman, former deputy secretary of the Treasury, thinks so: "Today, regulatory authority is divided among the Federal Reserve,...
SEC Proposal: Abandon US Accounting Rules
What this country really needs is less tranparency in earnings reports, and more wiggle room for corporate reporting: click for video...