If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Mortgage Insider - Fed buys net $30 billion in mortgage bonds
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Huffington Post - Socialization Is A Bridge Over Troubled Waters
WSJ Developments - Bankruptcy Filing Stalls ‘Extreme Makeover’ Home’s Foreclosure
Mish’s Global Economic Trend Analysis - Frank Monstrosities
Huffington Post - [...]
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.
An often used saying when it comes to value investing is that you don’t want to ?catch a falling knife.? Many [...]
Breaking (more as it develops):
AIG will turn over control of the company to the US government in exchange for an $85 billion loan to avoid bankruptcy tomorrow.
From Bloomberg:
American International Group Inc., the biggest U.S. insurer by assets, has accepted a deal to turn over control in exchange for an $85 billion loan from [...]
Updated: Read these chilling words from Paul Kedrosky’s Infectious Greed to get a sense of the enormity of the AIG problem. You can read the rest of his post here.
Take your second deep breath of the week. We are at a cusp tonight, with a Treasury deal apparently on the table to provide [...]
AIG continues to get hammered as they face continued credit rating downgrades. The stock is off another 15% today. The recent downgrades mean that the battered company may need an additional $14.5 billion in collateral to meet its obligations. Additionally, the $20 billion promised to the company by the NY Deptartment of Insurance won’t be [...]
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