bespokeinvest.typepad.com - 10/9/2008
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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 ...
portfolio.com - 10/8/2008
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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?
howardlindzon.com - 10/17/2008
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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
buzzmachine.com 9/22/2008 — We’re spending $700 billion to bail out the idiots who got us into this mess and we end up with nothing to show for it but the bag we’re left holding and maybe a disaster averted (we hope).
We could be spending a lot less to get a lot ...
The $700+ Billion Bailout--Posner
becker-posner-blog.com 9/29/2008 — There has been such a flood of media coverage of the financial crisis that it is best to begin with some very simple, basic points.
Banks (broadly defined to include investment banks and the many other lenders) borrow--bank deposits, for example, ...
$700 Billion Bailout - Is My Money Safe?
lazymanandmoney.com 9/28/2008 — It seems like everyday there’s new news with bailouts and banks. Today it was that JPMorgan Chase Bought WaMu for 1.9 Billion. Naturally consumers have a lot of questions and they should have them. I’m not an expert. In fact, I’ve ...
Another Buy In
bigpicture.typepad.com 10/27/2008 — We put some more money to work this morning into the mess -- another 5% -- while I was somewhere over North Carolina, on the way to Tampa. we are now down to 55% cash, from a peak of 80%.
As I noted on October 10 , we "scale in over time, in 10% ...
Blog Archive » Why Draaisma is saying Buy, Buy, Buy, Buy
ftalphaville.ft.com 11/4/2008 — Apparently we’ve got the strongest signal to buy equities in six years, according to Morgan Stanley’s super- bear bull Teun Draaisma - a “full house” of indicators that together have a “near-perfect” track record. But what are those indicators? First ...
Tracking the $700 Billion Bailout - The New York Times
projects.nytimes.com 11/20/2008 — * Credit losses and asset writedowns since the collapse of the U.S. subprime mortgage market in early 2007. Capital raised to offset losses has been tracked since July 2007. Figures include common stock, preferred shares, subordinated debt, hybrid ...
Democrats' Stimulus Plan May Reach $700 Billion
washingtonpost.com 11/24/2008 — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
A $700 billion slap in the face
krugman.blogs.nytimes.com 9/24/2008 — The initial Treasury stance on the bailout was one of sheer demand for authority: give us total discretion and a blank check, and we'll fix things. There was no explanation of the theory of the case - of why we should believe the proposed intervention ...
Lexington: Debating the debates —
The Economist: Full print edition 10/9/2008
They are unpredictable and often unfair. But there is no better test of a candidate AT FIRST, Richard Nixon vowed he would not debate John Kennedy. He had little to gain from such an encounter, and much to lose. As vice-president, he was better ...