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According to Reuters, Warren Buffett invested $5 billion in Goldman Sachs (GS). Reuters says that the Paulson bailout plan is being attacked in Congress. Reuters reports that Japanese banks, in...
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According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments. Reuters writes that the National Retail Federation says that this will be...
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Most Americans think that closing the markets for a day or two is the action of socialists and not an appropriate way to deal with the current credit debacle. Nevertheless, the Russians like the idea...
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The Fed and a number of other large central banks will put $180 billion into the markets to improve liquidity. Policy makers “continue to work together closely and will take appropriate steps to...
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Leaving aside the fact that the federal government has a nearly endless supply of money, especially if the Chinese continue to buy its bonds, the capital being pushed into the market is going to the...
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Hank Paulson and Ben Bernanke proved that they were not anarchists, willing to risk the financial system burning itself into a pile of ashes. Zeus-like, the Fed will bail out AIG (AIG) at the same...
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No one could quite get to the crash victim, and now it seems certain AIG (AIG) will not make it out of the wreck. After staging a rally during the day, AIG’s shares closed down 21% at $3.75. After...
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According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive. Reuters report that the Fed will probably hold interest rates steady and signal a cut for...
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According to Reuters, Lehman (LEH) will seek Chapter 11 protection. Reuters reports that Bank of America (BAC) will buy Merrill Lynch (MER) for $50 billion. Reuters reports that AIG (AIG) is facing a...
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No one likes a sore loser and there will be plenty of those among the executives at banks and brokerage firms that will fail or be sold. A gloating winner is harder to take. The inner pride and...
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In the next day or two, the financial markets could hit their tipping point. It is certainly not beyond the realm of the possible that Lehman (LEH) and Washington Mutual (WM) could fail. Merrill...
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With Bear Stearns, Fannie Mae (FNM), and Freddie Mac (FNM) fundamentally gone as independent institutions, the Treasury and Fed have turned their attention to Lehman (LEH) and Washington Mutual (WM)....
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Short interest in a number of financial stocks moved up very sharply for the period ending August 29. Shares short in Washington Mutual (WM) rose 12% to 383 million. Short interest in Fannie Mae...
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According to Reuters, Washington Mutual (WM) fell 30% to a 17-year low. Reuters reports that billionaire Carlos Slim has bought 6% of The New York Times (NYT). Reuters writes that Northrop Grumman...
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Citigroup Inc. (NYSE: C) has just filed with the SEC information about its perceived total exposure to Fannie Mae and Freddie Mac securities in an effort to fend off any over-exposure concerns. As...
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