Tag Archives: interest-rate-hikes
Congress to Hear Automakers Amended Rescue Plan Today
New York (HedgeCo.Net) – Board members of General Motors met this past weekend to go over a proposal that will be presented to Congress today in hopes of securing up to $12 billion in emergency funding. The money is part […]
Paulson To Hedge Funds “No Soup For You”
In an interview on Bloomberg TV, Treasury Secretary Henry Paulson, when asked whether hedge funds might be eligible for the U.S. plan injecting capital into financial companies he said, "the program right now is for banks and thrifts." On Monday, […]
Christine Lagarde warned Hank Paulson to bail out Lehman Brothers
Telegraph.com.UK – Sources close to Mrs Lagarde said that she had called the US Treasury Secretary – a close personal friend – well before the ailing bank’s collapse imploring him to act, but he chose not to. Lehman Brothers’ demise […]
A bailout to some, a hedge fund to others
Globe and Mail – Daniel Gross, writing on Slate, makes an interesting point about the latest version of the U.S. government’s bailout plan: The plan, officially known as the Emergency Economic Stabilization Act of 2008, looks a lot like the […]
Rep Frank vows more financial policing
Reuters – Blaming lax regulation for what turn into the worst U.S. financial crisis since the Great Depression, Rep. Barney Frank vowed on Monday to police banks and hedge funds more actively to avoid future financial meltdowns. Frank, the powerful […]
Wachovia Hoping to Strike a Deal with Wells Fargo for $15 Billion
New York (HedgeCo.Net) – In an emergency hearing yesterday, U.S. District Judge John Koeltl left the door open for Wachovia to consider better offers, saying the law “appears” to permit bids from other potential buyers. This decision comes at a […]
Stocks rally as Bush pushes revived bailout
KTAK – U.S. lawmakers and President George W. Bush eased pressure on financial markets on Tuesday by starting work to revive a $700 billion bailout plan to stem a credit crisis that has spread beyond Wall Street to claim more […]
Wall Street Finance “Banking” On Hollywood?
CNBC – The Wall Street fallout is having aftershocks throughout the economy, but believe it or not, the entertainment industry is having no problem securing bank-financed credit. Sure, it’s not boom time, but the fact that media companies are able […]
Hedge funds shy from Bush’s Wall St. bailout
Reuters – Hedge funds are unlikely to be among financial institutions clamoring to unload their bad debts under a proposed $700 billion Wall Street bailout plan, the chief of the funds’ lobbying group said on Tuesday. "I think it’s unlikely […]
A Hedge Fund Like No Other
Washington Post – Given the panic in Washington over the financial markets, it is virtually certain that Congress will soon pass some form of the bailout plan the Treasury put forward last week. This is not an ideal proposal, particularly […]
