Collateral news from FierceFinance

We've noted before that there is a fine line between hedging and speculating. Harvard University--Harvard!--has learned that in a painful way. Bloomberg offers an eye-opening look at the mess the... Read more...

The private-sector led bailout of CIT will cost the ailing lender. CIT agreed to pay the bondholders who are financing its rescue a 5 percent fee and annual interest of at least 13 percent, according... Read more...

Merrill Lynch has raised brows recently by seeking business in untraditional areas. It financed United Artists to the tune of $500 million to produce the Tom Cruise movie "Valkyrie." It also lent... Read more...

When it was revealed that Goldman Sachs was one of the big counterparties that AIG made whole recently, some wondered why AIG felt like it had to pay full value. The thinking was that they should... Read more...

It was big news when AIG finally released the list of CDS trade counterparties that it had paid off with taxpayer funds. At the top of the list was none other than Goldman Sachs, which received $13... Read more...

According to Standard & Poor's, more than $700 billion in corporate debt will come due in 2009--at the worst possible time. Southwest Airlines may have been among the lucky ones when it went to... Read more...

AllAboutAlpha.com notes an interesting study--by Michael King of the Bank for International Settlements and Philipp Maier of the Bank of Canada--that suggests the best way to regulate hedge funds is... Read more...

People awoke this morning to the news that the government is investing another $40 million, via TARP, in troubled AIG. That brings the total bailout to $150 million, far more then the government has... Read more...

For AIG, the hits just keep coming. The latest: the Fed has agreed to make another $38 billion available to the disgraced insurer to keep its troubled lending securities business alive. That unit... Read more...

Lehman Brothers had a plan to save itself, not unlike Goldman Sachs and Morgan Stanley, but they just couldn't convince regulators. According to the Financial Times, Lehman also wanted to convert to... Read more...