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Richard Sachs Cycles

Big Mack Attack

Shorts face big Mack attack- Sep. 17, 2008

The Morgan Stanley chief goes on the offensive after a solid earnings report fails to halt the stock’s collapse.

FORTUNE (New York) — For Morgan Stanley and Goldman Sachs, the two remaining standalone investment banks, the world has become an ugly place.

So ugly, in fact, that [...]

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 [...]