Analysis Topic: Companies Analysis
The analysis published under this topic are as follows.
Tuesday, September 23, 2008
Bank of America Says "Paulson Bailout Plan Benefits Mostly Goldman, Morgan" / Companies / Credit Crisis Bailouts
By: Mike_Shedlock
Surprise, surprise, surprise. Guess who the Paulson plan benefits?Bank of America's top credit strategy analyst says Paulson Debt Plan May Benefit Mostly Goldman, Morgan .
Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of the $700 billion U.S. plan to buy assets from financial companies while many banks see limited aid, according to Bank of America Corp.
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Sunday, September 21, 2008
Lehman's Bankruptcy and the Hidden $138 Billion Bailout of JP Morgan / Companies / Derivatives
By: Rob_Kirby
We are living in heady times. On Monday morning, something VERY strange occurred:
$138 Billion Post-Bankruptcy JP Morgan Advance to Lehman; At Least $87 B Repaid by Fed
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Saturday, September 20, 2008
The Collapse of Ambac Financial As Moody's Downgrades / Companies / Credit Crisis 2008
By: Mike_Shedlock
In what would have been major news nearly any other week this year, MarketWatch is reporting Ambac warns downgrade would put unit under pressure .
Ambac Financial said late Friday that a downgrade by ratings agency Moody's Investors Service would leave its guaranteed investment contract business short of collateral to meet liabilities.
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Saturday, September 20, 2008
Institutional Greed Responsible for Financial Collapse / Companies / Credit Crisis 2008
By: Money_Morning
Keith Fitz-Gerald writes: There's nothing like greed and avarice to bring the entire U.S. financial system to the brink of collapse.
With the demise of Merrill Lynch & Co. Inc. ( MER ), the thundering herd has galloped off the cliff – taking 94 years of history with it. Same, too, with Lehman Brothers Holdings Inc. (OTC: LEHMQ ). Lehman's bankruptcy filing last week caps 158 years of solid history. No doubt they'll be others with American International Group Inc . ( AIG ) spreading the credit-default-swap contagion like a financial Typhoid Mary .
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Friday, September 19, 2008
AIG Insurer Nationalization Analysis / Companies / Nationalization
By: Christopher_Laird
Now that we got past the latest mega financial storm, I was thinking about what caused the mess. And if there is anything anyone can do about it. After all, my site is called the PrudentSquirrel.
They key problem in this ongoing credit crisis
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Thursday, September 18, 2008
Morgan Stanley, Wachovia- Dumbest Merger Proposal In History / Companies / Credit Crisis 2008
By: Mike_Shedlock
This evening, a merger proposal rumored to be under discussion involves Wachovia (WB) and Morgan Stanley (MS). Inquiring minds are considering As Fears Grow, Wall St. Titans See Shares Fall .
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Thursday, September 18, 2008
Lloyds TSB Takeover of HBOS for £12 billion, £2.32 per share / Companies / Mergers & Acquisitions
By: Nadeem_Walayat
In a morning press statement Lloyds TSB confirmed its accepted bid for Halifax Bank of Scotland (HBOS) formerly Britain's biggest mortgage bank for £12 billion ($21 billion) or £2.32 pence per share in a all stock deal, following yesterday morning near collapse in the share price of HBOS which had witnessed a sustained assault by hedge fund speculators over 3 days that had wiped out more than 66% of the banks value from £2.85 last Friday to just 90p Wednesday morning, following on from the weekends Lehman's bankruptcy and AIG nationalisation.Read full article... Read full article...
Wednesday, September 17, 2008
Hedge Funds Crash Halifax, HBOS Rescued by Lloyds TSB / Companies / Credit Crisis 2008
By: Nadeem_Walayat
Hedge funds over the last 3 days have been in relentless pursuit of Britain's biggest mortgage bank, Halifax Bank of Scotland (HBOS) as the next bank to be pushed over the credit crisis and housing bear market cliff, amidst an atmosphere of global defaults in the wake of Lehman's collapse on Sunday. In emergency action both sanctioned and sponsored by the Bank of England saw Lloyds TSB step in to buy the Bank before the Government was forced to step in and rescue the bank much as happened following the Northern Rock bust in September 2007. Only at that time the Bank of England in a huge unforgivable blunder that destroyed much of the central banks credibility, PREVENTED Lloyds TSB from taking over Northern Rock.Read full article... Read full article...
Wednesday, September 17, 2008
AIG Bailout and Federal Reserve Act Loophole 13.3 / Companies / Nationalization
By: Mike_Shedlock
In light of the Fed sponsorship of AIG to the tune of $85 billion or more at taxpayer risk (See Nationalization of AIG: Treasury to get 80% stake in return for $85 billion ), inquiring minds just might be asking "By what authority can the Fed lend to insurance companies?" It's a good question given that the Fed is widely thought to be authorized to lend only to banks. It turns out the Fed can lend to pizza parlors if it wants to, with a questionable interpretation of the Federal Reserve Act.
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Wednesday, September 17, 2008
Nationalization of AIG, US Treasury Get 80% Stake for $85 billion / Companies / Nationalization
By: Mike_Shedlock
Why don't we just do it all now and get it done with? Why piece by piece? Let's have the government run insurance companies, auto companies, banks, mortgage companies, home builders, brokerages, gas stations, and for good measure let's throw in pizza parlors.
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Wednesday, September 17, 2008
Surviving the Credit Crisis Chaos / Companies / Credit Crisis 2008
By: Kurt_Kasun
Last week when I wrote, “ Extraordinary Measures Today, a Financial Funeral Tomorrow ,” I didn't literally think that the funeral would actually occur ‘tomorrow'. Someone started the financial Armageddon clock when the ratings agencies downgraded AIG this evening and the Fed told AIG that they were on their own to raise capital. It was reported on CNBC that they have until Wednesday to secure $75 billion or risk being forced to declare bankruptcy--setting off the most nightmarish of scenarios. Read full article... Read full article...
Wednesday, September 17, 2008
The Billion Dollar Domain Name Babies / Companies / Tech Stocks
By: Naseem_Javed
The latest ICANN plan to allow the global populace to assemble an entire domain name like www.yourname.yourname as their free-choice is a revolutionary and timely decision. This now open doors to cyber-brands like my.ibm, hotel.dubai, it.jobs, play.poker, fly.gulf or go.dell and applicants will submit a non-refundable fee of $100-500K USD for each name idea and the businesses are already jumping to get started. Read full article... Read full article...
Tuesday, September 16, 2008
Fed Plans $200 Billion Bailout of AIG To Prevent Financial Collapse / Companies / Nationalization
By: Mike_Shedlock
The Fed held firm today as noted in Bernanke Breaks From Greenspan Fed: No Change . Futures sold off on the news then came roaring back when the Fed decided to consider to extend its moral hazard policy on a case by case basis.
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Tuesday, September 16, 2008
Wall Street Bargains Amongst Decimated and Bankrupt Banks / Companies / Banking Stocks
By: Money_Morning
William Patalon III writes: In one of its wildest and weirdest stretches ever, Wall Street entered a weekend awaiting a government bailout of Lehman Brothers Holdings Inc. ( LEH ) and exited with Merrill Lynch & Co. Inc. ( MER ) agreeing to sell itself to Bank of America Corp. ( BAC ) for nearly $50 billion – and Lehman announcing it will seek bankruptcy in a bid to avoid a total liquidation after it was unable to find a buyer. Read full article... Read full article...
Tuesday, September 16, 2008
AIG Insurer Flirting with Bankruptcy Seeks Bailout Cash / Companies / Financial Crash
By: Mike_Shedlock
American International Group (AIG) is on the verge of bankruptcy. It needs to raise $75 billion dollars quickly. That is a tough task in any market and a Herculean task in this one. Fitch compounded AIG's woes on Monday with a downgrade of AIG to "A" .
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Monday, September 15, 2008
The Fall of Lehman and the Terrible Lessons of Bear Stearns / Companies / Credit Crisis 2008
By: John_Mauldin
The weekend has brought us events that can only be described in large, over-the-top terms. The Fed agreeing to take equity on its balance sheet? How bad can things really be? Clearly much worse than most people thought last Friday. Moral Hazard has been re-introduced as Lehman is allowed to go down. I will admit to being surprised. I thought Paulson and Bernanke would put it in the too big too fail category. I think they did the right thing by refusing taxpayer money for a bailout, but it is clearly going to roil the credit markets for weeks and months. It will be interesting to see how long it lasts. Read full article... Read full article...
Monday, September 15, 2008
Hedge Funds Target Halifax, HBOS as Shares Crash 30% / Companies / UK Banking
By: Nadeem_Walayat
Following on from the collapse of Lehman Brothers during the weekend, the financial sector was expected to be hit hard and to drag the overall market lower by some 5%. Whilst most of the big UK banks experienced falls in the order of 15%, Britain's biggest mortgage bank, Halifax Bank of Scotland (HBOS) crashed by over 30% as clearly hedge funds targeted the bank as a candidate for financial collapse, along the lines of Northern Rocks bank bust in Sept 07.Read full article... Read full article...
Monday, September 15, 2008
Bank of America, Merrill Bailout Disguised as Buyout? / Companies / Credit Crisis 2008
By: Mike_Stathis
Bank of America's buyout of Merrill Lynch seemed laughable to me - that is until I realized the full picture. With a $50 billion all-stock deal valued at $29 per share, at first glance it might appear that Bank of America doesn't stand to lose much considering its stock is at least 50% overvalued by my analysis. However, even at an adjusted price of $25 billion, Bank of America will be responsible for absorbing all of Merrill's losses. Good luck. But wait. They don't need luck, they have the Fed. Read full article... Read full article...
Monday, September 15, 2008
Bank of America and Merrill Lynch: Another Fed Sponsored Shotgun Marriage / Companies / Credit Crisis 2008
By: Mike_Shedlock
It's all over for Lehman. Action in the main poker room action has stopped. None of the players wants to bet a penny on the Lehman pot. Indeed, Lehman Prepare For Bankruptcy as Buyers Withdraw .This is a realization the pot is worthless. Nonetheless, expect to hear clowns screaming about "naked shorts" wrecking Lehman just as they screamed the same nonsense about Bear Stearns.
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Monday, September 15, 2008
AIG Insurer Struggling To Stay Alive, Begs Fed For Bailout Cash / Companies / Credit Crisis 2008
By: Mike_Shedlock
The high stakes poker game has shifted to another side room. This room has AIG one on one with the Fed begging for assistance. Here is the background: Battered insurer AIG's $20bn asset sale .
AIG, the world's largest insurer, is planning a $20 billion (£11 billion) asset sell-off as it fights to correct a record slump in its share price and braces for the impact of Hurricane Ike.
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