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online.wsj.com - 11/4/2008
U.S. Weighs Purchasing Stakes in More Firms
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WASHINGTON -- The Treasury Department is considering using more of its $700 billion rescue fund to buy stakes in a broad range of financial companies, not just banks and insurers, after tentative signs of the program's success, according to people familiar with the matter. In focus are ...

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Paul Kedrosky's Infectious Greed:  Hands-Up If You’re Not on Paulson’s List?

THE SHARK REPORT:  PRE OPEN

The Big Picture:  Words From the (Investment) Wise (11/9/08)

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Hands-Up If You’re Not on Paulson’s List?
Paul Kedrosky's Infectious Greed — ... list of companies in which it takes equity stakes, I have to confess to shaking my head a little. According to the WSJ, Treasury is mulling taking stakes in “bond insurers and specialty finance firms such as General Electric Co.'s GE Capital unit, CIT Group Inc. and others”. So, now it’s banks, insurance firms, bond insurers, and miscellaneous finance firms. With auto companies almost certain to get bailed out eventually, remind me again who’s not on the list. More here. As an aside, the piece also tips that Paulson has now largely abandoned the ...

PRE OPEN
THE SHARK REPORT — ... in October about the worst since World War II- and the markets barely flinched. And of course more bailouts to be announced. ...

Words From the (Investment) Wise (11/9/08)
The Big Picture — ... a range of banks including some of the nation’s largest, such as Goldman Sachs and Bank of America. That number will likely expand at the expense of the asset-purchase plan, but by exactly how much is unknown. “‘We are looking at many ideas for strengthening the financial system and for restoring lending,’ said Jennifer Zuccarelli, a Treasury spokeswoman. ‘We are weighing ideas and have made no decisions.’” Source: Deborah Solomon, The Wall Street Journal, November 4, 2008. Green ...

Words from the (investment) Wise
The Big Picture —

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