Bailout news from FierceFinance
News
Freddie auction fares well...So what?
Freddie Mac's $3 billion auction of short-term securities went well. Of course it took news of a massive potential government bailout to undergird market confidence. This is decent news, but the Read more...
Lehman Brothers can't catch a break
Lehman Brothers' stock took another massive beating from investors this week, as its CDS spreads have soared. Some people might have felt that the shorts, after some Read more...
ALSO NOTED: UBS slashes equity sales jobs; E*Trade to quite mortgage origination business; and much more...
Company News:> E*Trade to quit mortgage origination business. Read more...
ALSO NOTED: Richard Bove bullish on many banks; Court aproves gender suit settlement at Citigroup; and much more...
Company News: > Citi Investment Research analyst bullish on Lehman Brothers. Article > Microsoft to announce Read more...
ALSO NOTED: Countrywide posts surprising, massive loss; Analysts upgrade Wachovia;and much more...
Company News: > HSBC, Lone Star extends deal date. Article > S&P credit markets hits McGraw-Hill earnings. Read more...
Fed's action under the microscope
The Fed's decisive action initially was lauded. Now it's facing some second guessing. Business Week Online notes "Although the Fed insists that it isn't technically buying any (Read more...
BlackRock affected by crisis?
We haven't heard a lot about BlackRock in all the financial turmoil, apart from CEO Larry Fink's candidacy for the top jobs at Merrill Lynch and Citigroup. But now, it Read more...
Did Bear Stearns executives lie?
Bear Stearns just can't win. The humiliation of the Fed-backed, JP Morgan Chase bailout was rank enough. Now comes word from Financial Read more...
Repo market starting to strain? Lehman an issue?
Repurchase deals, of course, have added lots of liquidity to the system over the years. They've become an indispensable source of cash for many market participants. But the problems at various hedge Read more...
ALSO NOTED: UBS downgrades financial firms; Chanos tied to Spitzer scandal; and much more...
Company News: > UBS considering 8,000 layoffs. Article > Chanos tied to Spitzer scandal. Read more...