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So far, 62 banks have been approved (some on a preliminary basis) to receive about $173 billion from the Troubled Asset Relief Program; another 48 have applied for $6.5 billion. More banks likely met... Read more...
Not to gloat, but I have been suggesting for a while that the government might not go forward with its plans to buy up troubled securities--originally the centerpiece of bailout ambitions. The... Read more...
The credit markets are not quite seizing up, but there is a lot of nervousness evidence by a big move into short-term Treasuries. The costs of capital are certainly rising for Corporate America.... Read more...
Last year was a sweet comeback year for George Soros. His fund was on fire. And he seemed to really understand the credit markets and the effect the temblors would have on Wall Street firms. This... Read more...
"The most influential magazine you've never heard of," according to Portfolio, is Wilmott, named for its editor Paul Wilmott. Apparently the magazine, which is... Read more...
The emergence of sovereign wealth funds on the global stage has sparked a lot of fear. Here's one way to view them: a good source of added liquidity at a decent time. I doubt they'll be bailing out... Read more...