Wednesday, October 29, 2008
Can’t resist riffing off Governor Palin’s flaccid chant…
Sue baby sue!
I’m talking about Bank of America and every other entity out there that has been trespassed in this credit calamity… pension and mutual funds, hedgies, banks… groups of such… along these lines… from BBG …
~~~~ “Bank of America Sues Bear Stearns, Cioffi, Tannin
By David Glovin
Oct. 29 [...]
From Jesse’s Cafe American… reprinted from the OCC’s report on bank’s exposure to derivatives… scary…
Are these the parties that are resisting a move to exchange trading and central counterparty clearing?
Wednesday, October 22, 2008
You never know where the next development might come from… from Finextra…
~~~~ “Bank of America, Credit Suisse and Morgan Stanley have come together to develop a new online hub for buy and sell-side institutions participating in the corporate bank loan market.
The Storm Loan Marketplace will use real-time agent bank data and an array of automated [...]
Tuesday, October 21, 2008
Clever Chris Whalen scopes the nations bank solvency crisis… and he can see in the distance the potential need for the federal government to nationalize C, JPM and maybe BAC…
~~~~ ” …Like the heavy surf following a tropical storm, the next several quarters promise to reveal some truly ugly problems and also a considerable number of [...]
Just a note for the files… $125 billion…
Near the end of the Civil War Union forces beseiged Petersburg, VA for 9 months. Confederate forces could barely find food to eat. Starving, with their numbers dwindling due to desertions, and with Sherman’s forces approaching from the south, Lee attempted a break out.
It failed miserably, and on April 2nd, Union forces soon assaulted the Confederate lines. The [...]
Filed in Liquidity, Pricing, Regulatory
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Also tagged accounting, Bear, Goldman Sachs, Lehman, Liquidity, Merrill, Moodys, Morgan Stanley, NRSRO, ratings, S&P, SEC
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Tuesday, September 16, 2008
Standard and Poor’s creates podcasts of credit market analysis… they’ve published one on their views of their rating actions on Lehman, Bank of America and Merrill Lynch… (running time = 12:58 minutes)