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$700 Billion and What it Can Buy
$700 Billion and What it Can Buy
Since the financial rescue package was signed into law last week, financial markets across the world have taken the pace of their declines to a higher gear. This has prompted people to ask what the Treasury is waiting for Yesterday afternoon in a press conference, Secretary Paulson said that it ...
Will $700 Billion Be Enough?
portfolio.com — I'm glad to see while I was away on vacation that not only did economists come to... an agreement on a proper bailout plan, but also that a plan did get signed into law. It's just too bad that the two weren't quite one and the same. As Alex Tabarrok ... (more) Will $700 Billion Be Enough?
Buy, Buy, Buy, Buy, Buy!?!?
howardlindzon.com — You must love ‘The Oracle of Omaha’ nose and ear hair and all. Warren is a true... American other than the fact that he has stopped grooming himself. You can watch CNBC and Cramer for the next three years, or maybe just read THIS ! So ... (more) Buy, Buy, Buy, Buy, Buy!?!?
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Percentage of S&P 500 Fin Sector that $700B Buys
Paul Kedrosky's Infectious Greed — ... Harrowing/amusing/disturbing chart from the folks at Bespoke today. It shows the percentage of the S&P 500 financial sector that a Paulson Buck ($700b) bought you over the last month since the TARP plan was announced: ...

Thursday links: thought and choice
Abnormal Returns — ... The U.S. is thinking about taking ownership stakes in banks.  (NYTimes.com, WSJ.com, Market Movers, CNNMoney.com, Bespoke) How best to inject capital into the banking system.  (Mankiw Blog) The credit markets remain under great stress.  (Calculated Risk, MarketBeat) Europe is less well-suited to confront the credit ...

What Will Be The First Nationalized Bank?
Conglomerate — ... , which has been getting notably hammered since the shorts were unleashed.  If accurate, expect bitter tears to roll down the cheeks of all former Lehman employees at the announcement.  Morgan Stanley is unlikely to be alone, though - the financial sector is getting so beat up that the bailout means that Treasury can buy 55% of it - and that percentage gets better every day. ...

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What $700 billion could buy
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