bonds news from FierceFinance
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Wachovia's life insurance policies lead to huge loss
We've all been talking about writedowns for leveraged loans, subprime-related securities, and heck even plain loan losses. But life insurance policies? Huh? About $315 million of Read more...
ALSO NOTED: Merrill Lynch estimates cut again; Financial stocks soar after Bear Stearns-JP Morgan deal; and much more...
Company News: > Merrill Lynch estimates cut again. Article > Soros: More products should be regulated. Read more...
Are Alt-As next to blow up?
The Financial Times notes that the many rumors that UBS had sold its entire portfolio of Alt-A related bonds to Pimco may well have been true, given the big UBS writedown this week. Some think the Read more...
Lehman Brothers still faces antsy markets
For all the talk abut how Lehman Brothers no longer is just a bond shop, when the Bear Stearns news went down, the fear spread directly to Lehman Brothers. The sense Read more...
The paradox of a mortgage fund collapse
You would think that the Tequesta Mortgage fund would be seen as one of the more safe hedge funds. After it all, it specialized in Read more...
Irony: Risk aversion making things worse
The abuse of risk strikes many as a leading cause of the credit meltdown. But now, as the New York Times notes, the discomfort with risk and the need for "absolute safety" may be prolonging the Read more...
The death of bond insurers?
When you think about it, this is stunning news: The state of California has just sold $1.7 billion in bonds to retail investors-sans bond insurance. Of course, they had to offer some of the highest Read more...
Credit rating agencies hit on muni ratings
Now seems to be a good time to criticize credit ratings agencies. Their much-debated role in the on-going credit crunch may have made them more vulnerable on other fronts. The New York Times notes Read more...
Leon Black suffers most among PE kings
We all know the big boys of the private equity world are hurting. But who is suffering the most? Well, the buyout shop that has Read more...
Goldman Sachs' ghoulish death bonds
Goldman Sachs had big plans to create a market for so-called death bonds. These are securitized life insurance policies that were sold by Read more...