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Thread: In the news

  1. #1
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    Default In the news

    Washington Mutual Forces Out CEO
    http://online.wsj.com/article/SB1220..._us_whats_news

    Mish on the GSE buyout
    http://globaleconomicanalysis.blogsp...r-expense.html

    Wonder what will have happened in the US by tommorrow
    WASHINGTON (MarketWatch) - In the biggest government bailout in U.S. history, the Treasury said Sunday that regulators are seizing control of home mortgage giants Fannie Mae and Freddie Mac.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    McGoldrick, who famously earned $70m a year ($200,000 a day), but resigned because it was not enough, has asked his old firm to raise money for a super hedge fund that will concentrate on special situations.
    http://hf-implode.com/viewnews/2008-...hedgefund.html

    Not only is the commentary in the blogosphere on the Freddie and Fannie bailout program pretty skeptical, but even some normally staid MSM commentators have an eyebrow cocked.
    http://www.nakedcapitalism.com/2008/...ts-mainly.html

    Dollar mixed after Fannie, Freddie rescue
    Treasurys tumble on supply worries, returning risk appetite
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    LONDON - World stock markets soared Monday after Washington announced a bailout of mortgage giants Fannie Mae and Freddie Mac — a move that could help bolster a shaky U.S. housing market and renew global investor confidence.
    http://news.yahoo.com/s/ap/20080908/.../world_markets
    Last edited by person; 09-08-2008 at 04:18 AM.
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    Banned Melonie's Avatar
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    Default Re: In the news

    ^^^ essentially the US government just printed $200 BILLION dollars and injected it into the US economy ... in exchange for newly printed Fannie and Freddie super-preferred stock shares that may be worth zero in the future !

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    Default Re: In the news

    Monday was a crazy trading day.
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: In the news

    And they lost it all today.

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    Default Re: In the news

    Today and yesterday were pretty quiet, really, in AU banks at least. LEH's rescue package falling through caused a bit of action in the US, though

    Sold at 1c at one stage I hear:
    Six-Year-Old News Story Causes United Airlines Stock to Plummet -- UPDATE Google Placed Wrong Date on Story
    http://blog.wired.com/27bstroke6/200...ar-old-st.html
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    Default Re: In the news

    I believe there've been developments since this:
    WASHINGTON (MarketWatch) -- Shares of Lehman Brothers suffered another sell-off on Thursday on growing anxiety about its exposure to mortgages, but the broader financial sector managed to post a gain in volatile trading.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    The Central Bank of New Zealand Cut Benchmark Lending Rate 50 Basis Points and announced "We have room to move".
    http://globaleconomicanalysis.blogsp...continues.html

    U.S. Government Assisting in Sale of Lehman Brothers
    http://www.washingtonpost.com/wp-dyn...referrer=email

    Saudi Arabia walked out on OPEC yesterday, saying it would not honor the cartel's production cut. It was tired of rants from Hugo Chavez of Venezuela and the well-dressed oil minister from Iran.
    http://blogs.moneycentral.msn.com/to...h-of-opec.aspx

    Tens of thousand of furious British travelers were stranded Friday when the country's third-largest tour operator went bust under pressure from high fuel prices and a sagging economy.
    http://www.welt.de/english-news/arti...es.html#reqRSS
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
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