Today September 15, 2008, 42 minutes ago | firstname.lastname@example.org (Jesse)
Breaking news off the Bloomberg.... details to follow. But as we've said, a hard failure at AIG is not an option for the financial system.Lehman was bad enough, but AIG would be an ELE: Extinction Level Event.
Today September 15, 2008, 1 hour ago | email@example.com (Jesse)
Many firms are holding hurried meetings today over these losses, to assess the impacts with respoect to money market funds, mutual funds, and pension plans. Legg Mason, Fidelity, Axa SA, Franklin Advisers, Vanguard and Pimco are among the largest stakholders. This is minor compared to what some other failures might look like such as Goldman, Morgan Stanley, AIG, or a major bank like
Today September 15, 2008, 5 hours ago | firstname.lastname@example.org (Jesse)
From Chris Gaffney in The Daily Pfennig: The best performers over the weekend were the Japanese yen and Swiss franc, both traditional funding currencies of the carry trade. As Chuck [Butler] has explained several times in the past, when market volatility increases, traders typically start to exit the carry trades which are only profitable during times of relative calm in the markets. The
Today September 15, 2008, 6 hours ago | email@example.com (Jesse)
CyclePro has updated his list of banks and thrifts which he feels are most likely to fail. You can view his methodology here: CyclePro The inclusion of Bank of America and Goldman Sachs among the big banks is surely a gutsy call. But remember this list is ex-bailouts and Federal support. Both banks seem to have reserved place settings at the public trough. His analysis is always interesting,
Today September 15, 2008, 7 hours ago | firstname.lastname@example.org (Jesse)
Kumbaya My Lord, Kumbaya Someone's cratered Lord, Kumbaya Need a Rate Cut Lord, Kumbaya Oh Lord Kumbaya ECB, Bank of England Join Fed in Soothing Markets After Lehman By John Fraher Sept. 15 (Bloomberg) -- The European Central Bank and the Bank of England joined the Federal Reserve in taking action to sooth financial markets spooked by Lehman Brothers Holdings Inc.'s bankruptcy filing.