Take for example the time period from 1929 - 1933. Gold was the only asset class that appreciated in any serious way shape or form to any significant degree. The country was insolvent, fiscal stimulus programs did not work to revive the economic system and the benefactor of this gargantuan mess made worse by the [...]
NEW YORK (MarketWatch) - Standard & Poor’s said Monday it will begin offering indices for international government bonds to create a benchmark for sovereign debt excluding U.S. Treasurys. The S&P/Citigroup International Treasury Bond Series will include two indices: one for debt maturing in more than one year and one for debt maturing in one to [...]
Another BAILOUT or a $ 1.8 trillion LOOPHOLE
What is the real market value of ABCP’s assets?
Fed creates commercial paper-buying facility
http://www.federalreserve.gov/newsevents/press/monetary/20081007c.htm
The asset backed commercial paper (ABCP) had helped to fuel the housing boom?
The Federal Reserve on Tuesday announced it would create a special-purpose facility, with the Treasury Department’s blessing, to begin buying [...]
Over the weekend I posted that the SPX should be expected to retrace 50% of the recent decline back to former support at 1,261 where resistance should be considerable and if 1,261 is bettered then 1,270 to 1,275 wont be.
Well it looks like 1,261 has been totally by-passed but SPX does have a support/resistance [...]
NEW YORK (MarketWatch) — Lehman Bros. Holdings Inc. said Monday that its gross
assets fell by $147 billion in its fiscal 2008 second quarter. That’s a bit
higher than the amount the firm said the figure was last week when it
preannounced results for the period and said it cut about $130 billion in assets.
It said its gross [...]
Ambac Responds to Article Related to Its Second Lien RMBS Exposure
NEW YORK, May 22, 2008 (BUSINESS WIRE) — Ambac Financial Group, Inc. (ABK)
(Ambac) today responded to a Credit Sights article published on May 21, 2008 that
calls into question the current level of Ambac’s loss reserves on its second lien
RMBS exposure. In the article Credit Sights [...]
Moody’s warns on bond-insurer ratings again
This time, second-lien mortgage securities may test ratings, agency says
By Alistair Barr, MarketWatch
Last Update: 4:16 PM ET May 13, 2008
SAN FRANCISCO (MarketWatch) — Poor performance of second-lien residential
mortgage-backed securities could put pressure on the credit ratings of bond
insurers, Moody’s Investors Service said Tuesday.
Bond insurers have significant exposure to second-lien residential
mortgage-backed [...]
SAN FRANCISCO (MarketWatch) — Poor performance of second lien residential
mortgage-backed securities (RMBS) could impact the credit ratings of bond
insurers, Moody’s Investors Service said on Tuesday. Bond insurers have
significant exposure to second lien RMBS, mainly through guaranties on the
securities and, to a lesser extent, through exposure to collateralized debt
obligations backed by such assets, the rating agency [...]
2008 Venture Capital Fundraising Activity Slows in First Quarter
Follow-On Funds Dominate Fundraising Activity
NEW YORK, April 14, 2008 /PRNewswire-FirstCall via COMTEX/ — Fifty-seven venture
capital firms raised $6.3 billion in the first quarter of 2008 according to
Thomson Financial and the National Venture Capital Association (NVCA). The number
of funds raised in the first quarter of 2008 decreased by [...]
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