Expected losses of $3.9 billion, or $5.92 a share, in the third quarter after $5.6 billion in write-downs. Now selling best assets to raise capital. read more »
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Title says it all really. Its not just the Fed that cant afford to let Bear Stearns go read more »
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Commentary on Bernanke report on monetary policy, particularly "I don't anticipate stagflation read more »
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Announcement that Fed will make $30 billion available to banks with problems due to the credit crisis. Auctions will be continued every two weeks "f read more »
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In an interview for the FT, PIMCO's Bill Gross said the US recession has started, interest rates would have to come down to 3 percent next year read more »
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Article argues that thers no point in selling dollar short now that "now that much of the explicit costs have already been exposed by the banking read more »
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Wachovia has announced that it lost $1.1 billion on collateralized debt obligations (CDOs) invested in asset-backed securities in October. The bank s read more »
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The International Organization of Securities Commissions has created a Task Force on the subprime crisis to review issues facing securities regulators read more »
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