Tag:
SuperFund
Latest Headlines
Latest Headlines
Rescue plans, not bailouts
There's a lot of rescue effort underway right now. The new mortgage rescue plan will freeze some variable subprime mortgages at their "low introductory rates." That's good news for a lot of people who overextended themselves, and the cries of moral hazard are already being heard
ALSO NOTED: Merrill Lynch cuts ratings on Goldman Sachs and Morgan Stanley; 4Q ends for top banks, bearishness abounds; and muc
Company News: > Merrill Lynch cuts ratings on Goldman Sachs and Morgan Stanley. Article > Blackrock to manage Superfund. Article > BlackRock counsel sells stock. Article > SunTrust to sponsor high-priced seats at Turner Field. Article
Industry News: &g
Credit crisis to worsen
Hang on, folks. It's going to get bumpy. According to the Financial Times , Standard & Poor's and Moody's have issued 'technical' default notices for $5 billion worth of CDOs, which means that holders of the senior debt now have the right to sell assets. And that is prompting fears of a fir
What to make of SuperFund?
There are lots of criticisms being levied at the work-in-progress SuperFund right now. I think their general sense is that people need a lot more information before forming a hard-and-fast opinion. While you often hear analogies to the LTCM situation, the circumstances seem a bit different. But th
