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ftalphaville.ft.com - 11/20/2008

Blog Archive » Wanted: $1,000,000,000,000 to bailout the financial system

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Yes, that’s 1 trillion, on top of, or taken from, the $700bn already contained in the Tarp. FBR Capital Markets has written a 15-page note arguing that the US financial system needs at least that in tangible common equity to restore confidence and improve liquidity in the fractured credit ...

Blog Reactions

Abnormal Returns:  Thursday links: another $1 trillion

Rolfe Winkler:  Me vs. Dick

Short-Term Trading:  TARP Errors

FT Alphaville:  How to solve a ‘balance sheet recession’

3

gregmankiw.blogspot.com - 11/24/2008

$280,000 per job

— gregmankiw.blogspot.com — The Washington Post reports: Facing an increasingly ominous economic outlook, President-elect Barack Obama and other Democrats are rapidly ratcheting up plans for a massive fiscal stimulus program that could total as much as $700 billion over the ... (more) $280,000 per job

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Comments vote downundo vote up Lawrance G. Lux found this 11/24/2008found this

2

dealbook.blogs.nytimes.com - 11/14/2008

Berkshire a Bargain at Less Than $100,000 per Share

— dealbook.blogs.nytimes.com — Shares of Warren E. Buffett’s Berkshire Hathaway fell below $100,000 on Thursday for the first time since October 2006, less than a week after the company revealed large unrealized losses on derivative contracts tied to the stock market’s ... (more) Berkshire a Bargain at Less Than $100,000 per Share

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Berkshire Hathaway

Warren Buffet

Comments vote downundo vote up Abnormal Returns found this 11/14/2008found this

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Thursday links: another $1 trillion
Abnormal Returns — ... Do we need another $1 trillion to recapitalize the financial system?  (FT Alphaville, ...

Me vs. Dick
Rolfe Winkler — ... Recall, FBR saying that US financials need at least a $1 trillion capital injection to restore confidence to the banking system and improve liquidity. The argument wasn’t really about how much capital the financial system needs but what kind. FBR were lobbying for tangible common equity as opposed to the preferred stock contained in the $700bn Tarp. ...

TARP Errors
Short-Term Trading — More Evidence of TARP Error (dash) Wanted: $1,000,000,000,000 to bailout the financial system (FT) Paulson Drops The Ball Again (bespoke) FACING REALITY (capital spectator) Paulson, Democrats Clash on Bailout for Homeowners (bloomberg) Why TARP Has Failed (information arbitrage)

How to solve a ‘balance sheet recession’
FT Alphaville — ... trillion dollars may be needed to fill this so-called sinkhole. Pimco's Trillion dollar sinkhole So, if tackling deleveraging really is the solution, as Morgan Stanley suggests, it is likely only achievable via asset as well as liquidity support. In short, through the revival of the Tarp’s original asset-based focus (not just GSE MBS, but credit card-backed securities, etc.). Related links: ‘Banks well capitalised’ - FT Alphaville Tangled tangibles - FT Alphaville Wanted: $1,000,000,000,000 to bailout the financial system - FT Alphaville