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Hypo shares crash after loan deal - BBC NewsShares in German lender Hypo Real Estate plunged after it struck a loan deal with a consortium of German banks. Its shares lost three-quarters of their value, falling to 3.39 euros, before a slight revival to 63% down at 5 euros. The firm did not ...
The Washington Panic - Wall Street JournalThursday night's negotiated sale of Washington Mutual to J.P. Morgan Chase was a nifty bit of financial plumbing that minimized the damage to taxpayers while putting a banking zombie in sounder hands. Hats off to Jamie Dimon at Morgan and Sheila Bair ...
Site Presented By - SalonWithout much obvious help from either John McCain or Barack Obama but a whole lot of politicking, congressional leaders appear to have crafted a bailout deal. A substantive analysis will have to wait until an actual bill appears, but for now, what we ...
Hank Paulson has turned a drama into a crisis - Times OnlineIt looks as if the prophets of doom may have been right after all. With the demise of Lehman Brothers and Merrill Lynch - and the threatened collapse of the world's largest insurance company, American International Group - we are now unquestionably ...
Lancelot, Landsbanki, Clearstream, Siemens, SGL in Court News - BloombergOct. 9 (Bloomberg) -- Lancelot Investment Management and its hedge funds were sued by investors and a Royal Bank of Scotland Group Plc unit for loaning about $1 billion to a company run by Thomas Petters , who is charged with fraud. The lawsuits ...
Bailout or no bailout, taxpayers will pay - SalonTwo hours after trading began on the U.S. stock market on Tuesday, the Dow was up 250 points, on "hopes for a new plan," according to the Wall Street Journal. Why investors would suddenly turn optimistic after Monday's rout is a puzzler. President ...
September 2008 - Meganmcardle.theatlantic.comContra Julian , I think it's fair to blame her handlers on the extent of her disaster on Katie Couric; she would have done better answering the questions off the cuff and admitting genuine ignorance. Instead they tried to cram her with answers to ...