Tag Archives: federal-deposit-insurance-corp
Obama: Small Business Loans and Refinancing are Keys to Economic Recovery
New York (HedgeCo.Net) – President Obama met with Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner on Friday, after which he told reporters there are “glimmers of hope across the economy.” The meeting, which was also attended by […]
Bair pitches hedge funds and pensions on US bank plan
Reuters – Sheila Bair, chairman of the Federal Deposit Insurance Corp, is in New York on Friday to meet with hedge funds, private equity funds and pension groups to promote the government’s plan to cleanse banks’ balance sheets of toxic […]
Obama Seeks Investors in Plan to Buy Illiquid Assets
Bloomberg – The Obama administration will announce details of a plan today to expand the $700 billion rescue of the financial system that will rely on enticing private investors to buy the troubled assets clogging banks’ balance sheets. Treasury Secretary […]
Bank of America Receives $138 Billion of Rescue Funds
Bloomberg – Bank of America Corp., the largest U.S. bank by assets, received a $138 billion emergency lifeline from the government to support its acquisition of Merrill Lynch & Co. and prevent the global financial crisis from deepening. The U.S. […]
Seven investor group to buy IndyMac at $13.9b
Saudi Gazette – A seven-member investor group including billionaire George Soros and Dell Inc. founder Michael Dell have agreed to purchase failed lender IndyMac Bank, one of the largest casualties of the housing bust, for $13.9 billion. IndyMac, which specialized […]
Pacificor Hedge Fund Faces Lawsuit
New York (HedgeCo.Net) – The hedge fund formerly run by the late Michael Klein has been sued by two individuals who owned a mortgage lending business in which the fund had a stake. John and Kitty Gaiser are suing California-based […]
