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Greenberg scoffs at Bear liquidity crunch rumors
On CNBC today, Alan "Ace" Greenberg scoffed at the notion that Bear Stearns (NYSE:BSC)was on the brink of a liquidity crisis. But the protestation wasn't enough to stem the fall of the stock price to $62.21, its lowest level since March 2003, ...
SEC makes toothless speech about disclosing capital, liquidity
Bloomberg News reports that Securities and Exchange Commission (SEC) Chair Christopher Cox made a speech about requiring investment banks to disclose their capital and liquidity. (I was interviewed this morning on Marketplace radio about it.) He ...
Liquidity does not work, jobs are the answer
The federal government has done virtually everything it can to solve the current credit and liquidity crisis. But even today's decision by the Federal Reserve to buy commercial paper did not get much reaction.
Going through the list, the Treasury is ...
Lehman liquidates money-losing funds
AP reports that Lehman Brothers Holdings (NYSE: LEH) liquidated three investment funds worth about $1 billion last quarter after their assets declined in value amid the larger credit crisis. The funds -- not unlike troubled Structured Investment ...
Short-term interest rates fall again Friday, capping week of liquidity improvement
The global financial crisis will not be resolved in a week, or a month, or even a quarter, economists generally agree. Nevertheless, notch an impressive week of liquidity improvement for the credit markets. The initiative by major central banks to ...
Ex-IMF chief economist: Emerging markets may need $1 trillion to deal with crisis
A former chief economist for the International Monetary Fund is dispelling any notion that the global financial crisis will not have significant ripples for the developing world.
Simon Johnson, former IMF chief economist, said emerging market ...
President Obama says that financial crisis is not over
President Obama was in Cincinnati yesterday, where he spoke to a group of union members at a picnic. While he was on his way here, the White House released a statement noting that "working Americans will help our nation emerge from this crisis." ...
'CoCos' are a new way to protect banks
The Federal Reserve and Wall Street executives are discussing a new way to provide bank capital in times of crisis. They want to issue a new security called a contingent convertible (CoCo).
What is a CoCos and how does it work? CoCos are hybrid ...
Technical trade #4: Bank of America (BAC)
Bank of America (NYSE: BAC) traded above $50 a share in December 2006, but the international financial crisis drove the sector to extreme lows, and BAC fell to below $3 in March.
With the crisis abated and recent management changes to take effect ...
Europe in need of 'a more aggressive, coordinated effort'
So far, there's little indication the financial crisis is subsiding. The euro and British pound fell against the dollar, and money market rates climbed early Monday in Europe as banks hoarded cash. The euro and British pound fell about 1 cent versus ...
Hyatt and Ancestry.com IPOs: Beginners' luck?
The IPO market has been pretty slow for the past two years due to the effects of a subprime mortgage crisis that turned into a credit crisis that turned into a worldwide financial crisis and recession. Nonetheless, two companies made their debuts ...
Would suspending mark-to-market rule solve the financial crisis?
Newt Gingrich has gone on the record with a solution to the crisis that is the best I have seen so far. Rather than pass a $700 billion bailout, suspend the accounting rules that are causing the liquidity crisis to begin with.
In the past few years, ...
BIDding down for Sotheby's, but high hopes for Q4
Sotheby's (NYSE: BID) had a great night this week, tripling the performance of competitor Christie's (OTC: CRUPF). But, it didn't come soon enough to help the company's third quarter results.
The auction house suffered from the art market slump ...
Reason #8: Uncle Sam can't bail us out
In the past, the government has increased spending and cut taxes to spur spending during times of economic crisis.
However, Uncle Sam is now in so much debt that this is no longer a serious option. And it looks like we are going to spend another ...
Obama says banks should lend more to small businesses: Please God, no
Terrifying talking points out of the White House this week: President Obama called on bailed-out banks to lend more money to small businesses.
Speaking on his weekly radio address, Obama said that "These are the very taxpayers who stood by America's ...
Will JPMorgan chief Jamie Dimon be our next Treasury Secretary?
Gold surges to another new high of $1167 per ounce
Cramer on BloggingStocks: Sanofi has lots of upside catalysts 
