Submit a Story!
What Price Financial Stability?
Brad Setser recently commented: “All major financial institutions in the G-10 ultimately now have access — through their national central bank — to the Fed.” To avoid another Lehman style bankruptcy, the Fed has basically guaranteed, well, the worldwide banking system. The problem ...
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 ...
Paulson Says Will Buy Bank Equity `Soon as We Can' (Update3)
bloomberg.com — Paulson Says Will Buy Bank Equity `Soon as We Can' (Update3) By John Brinsley and Rebecca Christie... Oct. 10 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson said the U.S. will buy equity ``as soon as we can'' in banks and other financial ... (more) Paulson Says Will Buy Bank Equity `Soon as We Can' ...
Oh, No!
econlog.econlib.org — (October 11, 2008 10:36 PM, by Arnold Kling) The Wall Street Journal reports, The government's plan to... buy equity in financial institutions, announced Friday by Treasury Secretary Henry Paulson, is an idea that many academic economists have championed ... (more) Oh, No!
Comments
Blog Reactions

THE FINTAG NEWSLETTER @ 16 October 2008
FiNTAG - Hedge Fund News, Views, Opinions and Gossip — ... Fintag says 1 in 5. That ain't too bad. And the rest are mostly outperforming the S&P; 500? Not really. Hedge Fund performance is as volatile as the Dow. WHAT PRICE FINANCIAL STABILITY? optionarmageddon ...

Related Content
"Goldman big winner in government's revised bailout of AIG"
nakedcapitalism.com 11/12/2008 — Note that the headline above was on a Wall Street Journal story about the new taxpayer-raping improved version of the AIG bailout. The current headline is anodyne: "New AIG Rescue Is Bank Blessing." Just as one wonders why the government backed ...
AIG: The Looting Continues (Banana Republic Watch)
nakedcapitalism.com 11/10/2008 — The Wall Street Journal reports , as was rumored on Friday, that AIG appears on the verge of approving a considerably enlarged and sweetened rescue package from the government. We were less than happy with the idea when it first surfaced (see our ...
The Black Hole Gets Bigger: AIG Back for Yet Another Bailout
nakedcapitalism.com 11/8/2008 — The Financial Times reports that AIG is up to its old tricks, back again to the trough for more money. Christmas The Iceland credit default swaps settlement is coming soon, you know. The worst is that AIG is pretending to act as if this is a ...
How AIG Failed
portfolio.com 11/3/2008 — The WSJ shines a bit more light on what went wrong at AIG today, with a story centering on the chap who designed its risk models, Gary Gorton. In a nutshell, anybody writing credit protection runs two risks: the default risk of the underlying ...
Worldwide
bloomberg.com 11/10/2008 — AIG, U.S. May Expand Bailout to $150 Billion, Cut Interest Rate By Hugh Son Nov. 10 (Bloomberg) – American International Group Inc. , the insurer bailed out by the U.S., may get an expanded government rescue package valued at more than $150 billion ...
Why AIG Is Devouring the Bailout Fund
usnews.com 11/10/2008 — The huge insurer’s worsening problems reflect a threat to all consumers.
The Paulson Legacy
baselinescenario.com 11/9/2008 — With the footsteps of a new Treasury Secretary audible around the corner, Henry Paulson’s days running the country are essentially at an end. The best he can do now is delay whatever changes the Obama administration will make. Looking back ...
AIG: We Need More Money
ritholtz.com 11/9/2008 — And so, more errors of these emergency bailouts begins: Once committed to the initial $85 billion dollars, what choice does nation have but to throw good money after bad. Down the rathole: AIG is asking the US government for a new bail-out less ...
AIG in Review
baselinescenario.com 3/2/2009 — Well, it’s done . AIG is getting another bailout. I have to admit I don’t fully understand the ongoing AIG bailout saga, so I thought I would do a little research to try to figure out what is going on. I thought I would just look up all the term sheets, but I found it’s ...
U.S.
bloomberg.com 10/23/2008 — AIG Taps $90.3 Billion, Exceeding Original U.S. Loan (Update2) By Hugh Son Oct. 23 (Bloomberg) -- American International Group Inc. has used $90.3 billion of a U.S. government credit line since it was bailed out last month, an amount that exceeds the ...
Frankencapitalism At Your Local Bank (GS, MS, BAC)Investopedia.com Headlines 10/15/2008
Bernanke and Paulson cook up a scheme to save the banks. It looks ugly, but it should help.
Someone Actually Apologized!The Big Money 10/15/2008
When Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke were trying to shove a bailout plan—any bailout plan—through Congress, there was a lot of mostly Republican rhetoric along the lines of " This is not the time for ...