Tag:
SIVs
Latest Headlines
Latest Headlines
Wave of short term bank debt coming due
The New York Times notes some Barclays research which shows that roughly $172 billion in debt will mature later this year, while $245 billion will mature next year. That amounts to about $25 billion a month. So the big question is, how will this debt be retired, rolled over or somehow dealt wi
Jamie Dimon on top
For the past year, virtually everyone agreed that Goldman Sachs was the Teflon bank of Wall Street. People still rave about its winning hedges that allowed it to beat the subprime-related credit mess. But more recently, people have also been raving about JPMorgan Chase, and how it too was able
Money funds and the credit crunch--whew!
There were a few scenarios out there that were really, really nasty. It's one thing when accredited investors take their lumps on hedge funds. But what if Ma and Pa started taking losses on their money market funds? Many money funds, which most people equate with cash, invested in SIVs. The fear
