Links 7/9/09
naked capitalism —
As you can see, the want of my own posts tonight is not due to a failure to look for material! Dolphin 'superpod' spotted off Wales BBC Monkeys show language recognition Science News Examiner Prince Charles: next generation faces 'living hell' unless climate change tackled Telegraph White House Ponders Bernanke's Future Wall Street Journal. Looking at the alternatives, we are probably better off with the devil we know. Summers? Dear God. Roger Ferguson? I know him from McKinsey, and let's put it this way: everyone to a person was stunned when he got his earlier Fed appointment. But then he went to ...
The Day The PPIP Died....
The Market Ticker —
So this morning we get the list of PPIP "managers", and guess who's missing?
The U.S. Treasury Department picked nine money managers yesterday for the Public-Private Investment Program, or PPIP, including BlackRock Inc. and Invesco Ltd. Pimco, which in March announced plans to apply, said it withdrew its ...
Pimco Punts On The PPIP
Daily Markets —
Pimco Punts On The PPIP By Larry Doyle on July 10, 2009 | More Posts By Larry Doyle | Author's Website Did Bill Gross just flip off Uncle Sam? It would appear that he did. While the U.S. Treasury is touting the official launch of the Public Private Investment Program (PPIP) as a noteworthy event, the most significant aspect is the absence of Mr. Gross and Pimco as one of the managers. As Bloomberg highlights, U.S. Treasury Opens Distressed-Debt Program Without Pimco : The U.S. plan to help buy as much as $40 billion in assets from banks got started almost four months after it was proposed and without Pacific Investment ...


