money.cnn.com - 3/23/2009
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NEW YORK (CNNMoney.com) -- When the Federal Reserve announced last week it was buying $300 billion in long-term Treasury notes, the move was viewed as one of the safer bets the central bank has made recently. After all, the Fed has either bought or announced plans to spend trillions of dollars ...
acrossthecurve.com - 3/24/2009
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acrossthecurve.com —
The Federal Reserve and the Treasury issued a
joint statement at 430PM New York time about the...
role of the Federal Reserve in the ongoing credit crisis. I am surprised that I have not seen any comments on this. JPMorgan economists entitled their ...
(more)
Federal Reserve and the Treasury Joint Statement
reuters.com - 3/19/2009
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reuters.com —
NEW YORK, March 19 (Reuters) - In a
move reflecting widening stress in the U.S. housing market,...
Moody's Investors Service on Thursday said it may downgrade $240.7 billion of securities backed by prime-quality "jumbo" U.S. residential mortgages ...
(more)
Moody's may cut $241 billion jumbo mortgage debt
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dealbook.blogs.nytimes.com - 3/22/2009
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dealbook.blogs.nytimes.com —
In his annual Berkshire Hathaway letter, Warren E.
Buffett recently urged investors to pose tough questions at...
the shareholders meeting in May. Here is one that The New York Times's David Segal says is on the mind of some Buffett watchers: When are ...
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Buffett Is Unusually Silent on Rating Agencies
Comments
Blog Reactions
Monday links: a CLO to buy a CLO
Abnormal Returns —
... “I think the keys to watch for the housing market are declining inventory levels, a bottom in new home sales, and the gap between new and existing home sales closing.” (Calculated Risk)
America pushes for growth at all costs, while Europe rides in the wake. (NewYorker.com also Economix)
Is the USA still worthy of a AAA rating? (CNNMoney.com)
Inflation is possible, hyperinflation not ...
Should The USA Still Be AAA? The Answer, Of Course, Is ‘No’
Daily Markets —
... In the article that follows, “Should USA Still Be AAA?” CNNMoney.com reporter Chris Isidore notes that investors are still buying U.S. government bonds despite the many warning signs that point to trouble ahead. As we all know, the ones with more money than brains were also buying high-flying dot-com stocks in late-1999, grotesquely-priced derivative and junk bond monstrosities in the spring of 2007, and speculator-pumped commodities last summer, even though it was fairly obvious (except to Wall Street “strategists” and TV pundits) that things were going to end badly. My ...
THE FINTAG NEWSLETTER @ 25 March 2009
FiNTAG - Hedge Fund News, Views, Opinions and Gossip —
... Fintag says Damien Hirst. The biggest crook of the last 20 years. He makes Dick Fuld look like a fluffy puppy. financial news says " Managed accounts gain ground among hedge funds " SHOULD USA STILL BE AAA? cnn ...
CNNMoney: Should USA Still be AAA?
Fund My Mutual Fund —
... Year Treasury Bond (TLT) or going long Ultrashort Lehman 20% Year Treasury (TBT) will be the play.... since I think this crisis takes much longer to play out than the consensus, I'm using the more conservative play of the former rather than the latter. In a few years - or when the globe returns to the "new normal" I do believe this will be one of the biggest home runs in investing history. But not until things begin to return to a state of normalcy. Via CNNMoney When the Federal Reserve announced last week it was buying $300 billion in ...
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Moody's Next Epic Fail: "US Remains a Solid AAA Nation"
prudentinvestor.blogspot.com 6/24/2009 — While the currently ongoing two-day meeting of the Federal Open Market Committee (FOMC) is probably not only discussing the state of the US economy but also how to maintain the global attraction status of its only product, Federal Reserve Notes (FRNs) in unlimited amounts which they prefer to ...
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Moody’s Intrinsic Value
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Credit Crisis Indicators
calculatedriskblog.com 4/3/2009 — Here is a quick look at a few credit indicators: First, the British Bankers' Association reported that the three-month dollar Libor rates were fixed at 1.166%. The LIBOR was at 1.30% a couple of weeks ago, and peaked at 4.81875% on Oct 10, 2008. This ...
Do They Have Parachutes In Bulgaria?
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Blaming Moody’s
ritholtz.com 12/7/2008 —
“These errors make us look either incompetent at credit analysis or like we sold our soul to the devil for revenue, or a little bit of both.”
— A Moody’s managing director responding anonymously to an internal management survey, September 2007.
...
Buffett’s Berkshire Has AAA Debt Rating Cut by Fitch (Update2)
bloomberg.com 3/13/2009 — March 12 (Bloomberg) -- Billionaire Warren Buffett ’s Berkshire Hathaway Inc. had its top-level AAA credit rating cut by Fitch Ratings, which cited concern about the potential for losses on the insurer’s equity and derivatives holdings. Buffett’s ...
Bond Trading Highest Since ‘07
calculatedriskblog.com 2/20/2009 — From Bloomberg: Bond Trading Highest Since ‘07 as Credit Freeze Thaws Corporate bond trading in the U.S. is rising to the highest level in two years, adding to evidence that credit markets are thawing even with stocks off to their worst start since ...
The Fed and U.S. Treasury announce the launch of the TALF
wallstfolly.typepad.com 3/3/2009 — Treasury and Federal Reserve announce launch of Term Asset-Backed Securities Loan Facility (TALF)For release at 9:15 a.m. EST March 3, 2009 In carrying out the Financial Stability Plan, the Department of the Treasury and the Federal Reserve Board are announcing...
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