Tag:
PPIP
Latest Headlines
Latest Headlines
Latest CBMS deal shows value of government's public-private plan
When it comes to grappling with toxic securities, the government got off to rocky start, generating lots of criticism. But it may have found its stride when it comes to commercial mortgage-backed securities. Recall that in March 2009 the Treasury, in conjunction with the Fed and the FDIC, launch
PPIP update: Market recovery complicates starts
We've gotten used to some government-run programs getting off to a slow start. So we shouldn't be shocked that the PPIP, the public private investment program, isn't exactly storming out of the gate. That doesn't mean it will not eventually be successful.
The issue seems to be the recovering
Bill Gross's star still rising
Bill Gross has always been a star in the financial services industry. The credit crisis has elevated his status to a whole new tier. And that has the New York Times doing a big profile of the 65-year-old bond manager. There's lots of color here: How he gets ideas standing on his head in yoga a
Turning bullish on asset managers?
Obviously, the market carnage toward the end of last year was pretty devastating for asset managers. As assets sank, so did their stocks. But it also prompted some cost-cutting and a renewed drive toward efficiency, all of which helped lay the groundwork for an eventual recovery--which may or may
Ex-Countrywide execs look to distressed securities
Some might find this almost ironic. A group of former Countrywide executives, led by former CFO Stanford Kurland, have formed a new firm PennyMac, which aims to profit from distressed mortgage securities. PennyMac aims to raise $750 million in a stock offering.
Presumably, the funds will be us
Can hedge funds game the PPIP?
Business Week reports that hedge funds and investment banks are scouring the proposed PPIP for ways to "exploit" the partnership and auctions. One expert tells the magazine the system is highly "gameable." The basic problem is that "everyone gets to play. Banks selling dubious assets can finan
Should TARP banks be buying toxic assets?
Big banks accepted TARP funds to help them deal with the losses stemming from their illiquid portfolios of toxic assets. Now, some of them also want to buy some of those very same assets via the taxpayer-funded PPIP program. To some politicians, this amounts to raw absurdity. One senator, Spencer
