Tag Archives: allocations


Government provides record aid package to AIG

The Times and Democrat – In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership. The action, announced […]

Stocks point higher as global shares jump

WBT – U.S. stocks appeared headed for a rebound Tuesday as investors awaited the start of a two-day meeting of the Federal Reserve that is widely expected to bring another reduction in interest rates. The sharp rise in stock market […]

Citadel hedge fund denies Fed probe

Business Day South Africa – Examiners with the US Federal Reserve have questioned Wall Street counterparties about their exposure to debt and other holdings of Citadel Investment Group, The Wall Street Journal reported at the weekend. Citadel denied the report. […]

‘Armageddon’ Loan, Bond Prices Keep Debt Investors on Sidelines

Bloomberg – Credit markets have fallen so far that they are providing a "once in a lifetime opportunity," and investors are still selling. Prices of loans rated below investment grade declined to a record low 66.1 cents on the dollar, […]

Another horrible day for the major markets

The Times of Trenton – Stocks prices fell sharply again yesterday, ending the Standard & Poor’s 500 Index below 1,000 for the first time since 2003 on speculation banks and real-estate companies are running short of money as the credit […]

They Just Don’t Get It

Washington Post – That is the technical economic term that best sums up a day in which the House of Representatives refuses to pass a $700 billion rescue plan pushed by the White House and congressional leaders from both parties, […]

Central banks may expand range of collateral

Washington Post – Central banks in the United States, Europe and Japan will consider taking foreign-denominated assets as collateral in an effort to provide liquidity for battered financial markets, the Nikkei newspaper said on Sunday. Currently most central banks only […]

The End of Wall Street as We Know It

Gotham Gazette – The turbulent financial market events of recent days demonstrably signal the end of Wall Street as we know it. More uncertainty lies ahead, on Wall Street but also for the national economy. How is this affecting New […]

Stocks stabilize; government bails out AIG

Portsmouth Herald News – The Federal Reserve resisted a cut in interest rates Tuesday and then forged a plan to take over American International Group Inc. and rescue the insurance giant from the brink of bankruptcy with an extraordinary $85 […]

Bernanke: ‘We have lost control’: Economist recounts talk with Feds Chairman

TMCnet – Several months ago, economist David Hale had a private meeting with Federal Reserve Chairman Ben Bernanke, who was trying to ward off a recession by lowering interest rates and increasing the money supply in the economy. The problem […]

JGBs jump on safe-haven bids after Lehman collapse

Reuters Tokyo – Japanese government bond futures soared by their daily limit of 3 full points on Tuesday and 10-year yields hit a five-month low on safe-haven buying in the wake of the collapse of Lehman Brothers. Global stock markets […]

Federal Reserve investigated Lehman rumors

Reuters – The Federal Reserve acted on rumors last month and called Credit Suisse Group to see if it had pulled a credit line from Lehman Brothers Holdings Inc, The Wall Street Journal said citing people familiar with the matter. […]

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