Stock Investment Blog|Journal of Stock Investments|Portfolio

By Maya Jackson Randall
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–Anxiety over a possible U.S. government bailout of Fannie
Mae (FNM) and Freddie Mac (FRE) is unwarranted, according to Goldman Sachs
economists, who say rescuing the struggling mortgage finance giants would be an
“entirely manageable event.”
Taxpayers will face “some cost” if the Treasury Department [...]

3rd UPDATE: Three Banks Agree To Buy Back Billions Of ARS
Last Update: 8/21/2008 8:18:38 PM
(Updates with SEC comment on settlement with Merrill Lynch in the works in
paragraphs 13 and 14, Goldman Sachs statement in paragraph 17, and Bank of
America declining to comment in paragraph 23.)
By Chad Bray
Of DOW JONES [...]

Goldman sees more pain for banks, brokers
Analysts cut profit estimates and warn of more write-downs, asset sales
By John Spence, MarketWatch
Last Update: 8/20/2008 3:13:00 PM
BOSTON (MarketWatch) — Goldman Sachs analysts became the latest to chop their
profit estimates on bank and brokerage stocks on the expectation of more ugly
write-downs triggered by the ongoing tumult in credit markets.
“We [...]

By Matthias Rieker
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–In banking circles, convergence talk is back.
Mergers between investment banks and commercial banks had become rare until
JPMorgan Chase & Co. (JPM) bought Bear Stearns, but falling profits and tougher
funding have hurt Lehman Brothers Holdings Inc. (LEH), Morgan Stanley (MS),
Merrill Lynch & [...]

US HOT STOCKS: Forest Oil, Lowe’s, Perrigo, Teppco -2-
Last Update: 8/18/2008 10:11:53 AM
Among the companies whose shares are actively trading in Monday’s session are
UnionBanCal Corp. (UB), First Marblehead Corp. (FMD) and Hershey Co. (HSY).
UnionBanCal ($73.24, $7.75, 11.83%) agreed to a sweetened offer from controlling
shareholder Mitsubishi UFJ Financial Group Inc. (8306.TO) to buy the 35% stake [...]