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commercial paper

Federal Reserve Out of Firepower

by MorganNovember 19, 2008 Economy

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money matters and his adventures in self employment.
Thus far, all indications seem [...]

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Some video from the meltdown on Wall Street

by MorganOctober 6, 2008 Wall Street

Jim Cramer says take your money out of the market now:

Lehman Brothers Testimony:

CBS 60 Minutes on the Shadow Market on Wall Street:
Watch CBS Videos Online

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CEO’s beg: “Protect our commercial paper”

by MorganOctober 1, 2008 Economy

Valleywag has the story on Honeywell CEO Dave Cote’s email to all 122,000 employees encouraging them to support the housing bail out.  Why you ask?  Because Honeywell, like many other large firms, leverage the short-term commercial paper market to manage cash flow and operation expenses.  This market has effectively stopped working and CEO’s like Cote (and [...]

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