In three parts (all about 10 minutes each).
"Our economy and our markets will not recover until the bulk of this housing correction is behind us."
Treasury Secretary Hank Paulson, Sept...
From the WSJ: Washington Mutual Forces Out CEO [CEO Kerry] Killinger's departure after 18 years of running the nation's largest savings and loan is scheduled to be announced Monday morning before t...
When the Paulson Plan was announced in mid-July, my initial reaction was: It seems the plan is bad for equity holders, but good for debt holders ... and potentially bad for taxpayers ...Nothing has...
From the FDIC: The Federal Banking Agencies React to Takeover of Fannie Mae and Freddie Mac The federal banking agencies have been assessing the exposures of banks and thrifts to Fannie Mae and Fre...
From Treasury: Statement by Secretary Henry M. Paulson, Jr. on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers
Conservatorship
Preferred Stock Purcha...
From WSJ: Treasury to Outline Fan-Fred Plan U.S. Treasury Secretary Henry Paulson and Federal Housing Finance Agency Director James Lockhart are expected to release details of the planned conservat...
While we wait for more on Hurricanes Fannie and Freddie, here is an update on Hurricane Ike.
Ike is now a category 4 hurricane on the Saffir-Simpson Scale and has already caused extensive damage i...
First, several people sent me this article from the NY Times. I'm skeptical of the accusation of accounting issues causing the deal to be rushed. Notice the phrase "not necessarily in violat...
From the WSJ: Frank Confirms Treasury Intervention To Shore Up Fannie Mae, Freddie Mac Rep. Barney Frank (D., Mass.) [chairman of the House Financial Services Committee] said in a statement Saturda...
More details will leak out today, but the plan will probably be announced Sunday afternoon a few hours before the Asian markets open. (like with Bear Stearns). I wonder if the Fed will make some so...
Toggle "Feature"
Delete this story
Email this story
Share this story
Stop sharing this story
Save this story
Join this blog
By registering, you agree to abide by the
Terms of Service.
