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cnbc.com - 10/10/2008

Radical Measures May Be In The Wings - Financials * US * News * Story

— cnbc.com — As the financial crisis threatens to spiral out of control, Treasury Secretary Henry Paulson is prepared to... take extraordinary steps through the extensive authority granted to him under emergency rescue legislation. With the legislation’s main ... (more) Radical Measures May Be In The Wings - Financials * US ...

Government

Henry Paulson

Comments vote downundo vote up Calculated Risk found this 10/10/2008found this

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bloomberg.com - 10/11/2008

Paulson Indicates Need to Purchase Bank Equity `Soon as We Can'

— bloomberg.com — Paulson Indicates Need to Purchase Bank Equity `Soon as We Can' By John Brinsley and Rebecca Christie... Oct. 11 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson indicated that pumping government funds into banks is a priority and said financial ... (more) Paulson Indicates Need to Purchase Bank Equity `Soon as ...

Government

Henry Paulson

Comments vote downundo vote up Economist's View found this 10/11/2008found this

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krugman.blogs.nytimes.com - 10/8/2008

To do, not to do

— krugman.blogs.nytimes.com — Follow the leader Readers ask what I think should be done about the financial crisis. The answer... is, what Gordon Brown in doing in Britain: a bailout, yes, but one that gives the government an ownership stake in the bailed-out institutions. That plus ... (more) To do, not to do

Henry Paulson

John McCain

Comments vote downundo vote up J. Bradford DeLong's Grasping Reality with All Eight ... found this 10/8/2008found this

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Paulson: Will Buy Equity "Soon"
Calculated Risk — From Bloomberg: Paulson Says Will Buy Bank Equity `Soon as We Can' U.S. Treasury Secretary Henry Paulson said the U.S. will buy equity ``as soon as we can'' in banks and other financial institutions to restore market stability and revive economic growth. The Treasury is ``working to develop a standardized program that is open to a broad array of financial institutions,'' Paulson said at a press conference ... ``We're going to do it as soon as we can do it and do it properly and do it effectively and right,'' Paulson said. ``Trust me, we are not wasting time; people are working ...

Recession or Depression?
The Aleph Blog — Back to the crisis.  I want to be a bull, really.  I read what Barry wrote on 10 bullish signals, and I think, yes that’s what history teaches us.  I have used that for profit in the past.  I even have a few more. Here’s my knockoff of S&P’s proprietary oscillator: That’s the lowest reading ever, with statistics going back to 1990.  For more, consider the discounts on closed-end funds — they are lower than ever.  Or, consider that the IPO market is closed.  Or consider that every implied volatility measure under the sun is through the roof in ways that we ...

Global Bailout Linkfest
The Big Picture — Lots of news breaking this weekend on the coordinated, global bank recapitalization and bailout. Here are a few headlines (use the comments section to add any I missed . . .) Crisis Response • German Bailout Likely to Be Over $400 Billion ...