washingtonpost.com - 9/15/2008
—
Wall Street Articles After America's fury, Wall Street has changed forever (Independent, Ireland) 10/1/2008 12:03:35 AM Taipei shares open higher on Wall St bounce, local ban on short-selling (Forbes) 9/30/2008 11:53:00 PM Slow Rise for a New Era (Washington Post) 9/30/2008 11:51:22 PM How is ...
Comments
Blog Reactions
Worst timing ever….
Skill Analytics —
... Donald Luskin writes an editorial for the Washington Post talking about how the economy isn’t really that bad and that we just need to stop talking about it:
But that doesn’t make any of it true. Things today just aren’t that bad. Sure, there are trouble spots in the economy, as the government takeover of mortgage giants Fannie Mae and Freddie Mac, and jitters about Wall Street firm Lehman Brothers, amply demonstrate. And unemployment figures are up a bit, too. None of this, however, is cause for depression — or ...
Wall Street worries, Main Street woes
macroblog —
... “And so, instead of mild medication and rest, it became apparent that quadruple bypass surgery is necessary. The extreme measures are extended government guarantees and the formation of an RTC-like holding company housed within the Treasury. Critics call this a bailout of Wall Street; in fact, it is anything but. I estimate the average price of distressed mortgages that pass from ‘troubled financial institutions’ to the Treasury at auction will be 65 cents on the dollar, representing a loss of one-third of the original purchase price to the seller, and a prospective yield of 10 ...
Substitute Bridges
Marginal Revolution —
... .... many smaller banks said they were actually benefiting from the problems on Wall Street. Deposits are flowing in as customers flee riskier investments, and well-qualified borrowers are lining up for loans. ...
Checks and Balances: Bailout Style
Technically Speaking, Market Analysis and Theory —
... "Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules. ...
Related Content
Why Bailout Wall Street?
canadiancapitalist.com 10/4/2008 — There is a lot of public anger on the $700 billion dollar bailout that is being proposed by the Bush Administration. The typical reaction is why bail out well-paid fat cats on Wall Street, who are responsible for the current mess anyway. While it is ...
Main Street > Wall Street
macro-man.blogspot.com 9/29/2008 — Clearly there are more voters on Main Street than Wall Street, and we all know that the first job of a Congressman in October is to make sure that he is a Congressman in January. Regardless of whether "the package" was a good idea or not, it doesn't ...
It’s as Bad on Main Street as Wall Street
jeffmatthewsisnotmakingthisup.blogspot.com 10/3/2008 — A long-standing observation of ours is this: the further you get away from Wall Street, the more optimistic you get. On Wall Street, stocks go up and down—sometimes violently—every hour, minute and second of the trading day. Wall Street’s Finest ...
Wall Street Really Needs Relief
gothamist.com 10/9/2008 — It has not been a good time on Wall Street , and now it's gotten even lower. Reader Adalis writes, " Someone spray painted the Wall St. Bulls balls blue. It was gone in a few hours, but I snapped some quick pics."
From Wall Street to Main Street... Credit Frozen
econompicdata.blogspot.com 10/9/2008 — The Federal Reserve just released Consumer Credit data for August and it isn't pretty. For the first time since early 1998, seasonally adjusted month over month consumer credit outstanding turned negative AND this was BEFORE markets completely froze ...
Fewer Catching Up on Lapsed Mortgages
online.wsj.com 8/25/2009 — Homeowners who fall behind on their mortgage payments have become much less likely to catch up again, a new study shows.
When Wall Street died…
ritholtz.com 12/29/2008 — “Within a week, Wall Street as it was known — loosely regulated, daringly risky and lavishly rewarded — was dead.”
>
Today’s must read MSM article is a front page WSJ piece, titled, The Weekend That Wall Street Died . Since we have been tossing around ...
Wall Street worries, Main Street woes
macroblog.typepad.com 9/25/2008 — A fair amount of the discussion around what now seems to be an imminent rescue plan to settle unsettled financial markets has been focused on a debate as to whether Main Street should pay or Wall Street should pay for the plan. Pimco’s William Gross, ...
Follow WallStreetBlips on Twitter
