Realcyclist.com. High End Road Gear. Free Shipping Over $50.
 

Lijit Search

Richard Sachs Cycles

Summary of the Draft Proposal – WSJ.com

This sounds promising.

Summary of the Draft Proposal To Rescue U.S. Financial Markets – WSJ.com

IMPROVING THE FINANCIAL RESCUE LEGISLATION

Significant bipartisan work has built consensus around dramatic improvements to the original Bush-Paulson plan to stabilize American financial markets — including cutting in half the Administration’s initial request for $700 billion and requiring Congressional review [...]

Congress has a plan

Congress has a plan

Lawmakers agree on bailout principles to protect taxpayers and ensure oversight.

NEW YORK (CNNMoney.com) — Lawmakers have reached agreement on a bipartisan counterproposal to the Bush administration’s $700 billion financial bailout plan.

Both parties and both houses agreed Thursday to a set of principles on revisions to the rescue plan, which [...]

Rescue Me

Rescue Me: A Fed Bailout Crosses a Line

WHAT are the consequences of a world in which regulators rescue even the financial institutions whose recklessness and greed helped create the titanic credit mess we are in? Will the consequences be an even weaker currency, rampant inflation, a continuation of the slow bleed that we have [...]

Bear Stearns Buy-Out

JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount – New York Times March 16, 2008 By ANDREW ROSS SORKIN and LANDON THOMAS Jr.

Bear Stearns, pushed to the brink of bankruptcy by what amounted to a run on the bank, agreed late Sunday to sell itself to JPMorgan Chase for a mere $2 [...]

More Bear Woes

Wall Street Ponders Extent Of the Woes At Other Firms By SERENA NG and JENNY STRASBURG March 15, 2008

Behind the swift decline of Bear Stearns Cos. is a deepening worry on Wall Street that some financial institutions might not be able to make good on their commitments.

Such angst about the health of an [...]

Bear Stearns

Bear Stearns to Get Backing From J.P. Morgan, N.Y. Fed – WSJ.com Firm’s Shares Sink Amid Liquidity Fears By KEVIN KINGSBURY, ANDREW DOWELL and SERENA NG March 14, 2008 1:22 p.m.

NEW YORK — In a dramatic move Friday, JPMorgan Chase Co. and the Federal Reserve Bank of New York stepped in with emergency funds [...]

More pain!

Margin Calls Throttle Thornburg By DONNA KARDOS March 7, 2008 2:08 p.m.

In the latest sign of how badly firms have been hurt by the credit crunch Thornburg Mortgage Inc. Friday said there is “substantial doubt” about its ability to continue as a going concern, citing deterioration of prices of mortgage-backed collateral and a liquidity [...]

PAIN!

Mounting Liquidation Fears Squeeze U.S. Stock Market March 6, 2008 5:40 p.m.

Worry about the health of the credit markets made a noisy comeback Thursday, leveling financial stocks and sending many investors scampering for the safety of government debt.

Revelations that two large investors had missed recent margin calls raised fears that more investors could [...]

Finally …

… one of the PMs at my office gave notice this week, to move to a similar role at another investment bank, but this time in North Carolina.

… his colleague will be moving into the senior PM role, and a job posting for the junior PM role should be posted early next week.

I [...]