Analysis Topic: Companies Analysis
The analysis published under this topic are as follows.
Wednesday, March 17, 2010
Lehman's Bankruptcy Report, Evidence of a Financial Coup in America / Companies / Credit Crisis 2008
By: David_DeGraw
“The ideas of economists… are more powerful than is commonly understood. Indeed, the world is ruled by little else.” — John Maynard Keynes
How much more evidence of a financial coup and the THEFT of TRILLIONS of DOLLARS do we need before the media and our politicians do something, anything, to restore a rule of law in this nation? What is it going to take?
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Friday, March 12, 2010
Lehman’s Contribution to the Financial Meltdown! / Companies / Credit Crisis 2008
By: Sy_Harding
Sometimes things that seem too disappointing to be true do turn out to be true. Unfortunately over the decades that has happened too often in the financial industry.
Tuesday, November 10, 2009
Goldman’s Undisclosed Role in AIG’s Distress / Companies / Credit Crisis 2008
By: Janet_Tavakoli
Goldman wasn’t the only contributor to the systemic risk that nearly toppled the global financial markets, but it was the key contributor to the systemic risk posed by AIG’s near bankruptcy. When it came to the credit derivatives American International Group, Inc. (AIG) was required to mark‐to‐market, Goldman was the 800‐pound gorilla. Calls for billions of dollars in collateral pushed AIG to the edge of disaster. The entire financial system was imperiled, and Goldman Sachs would have been exposed to billions in devastating losses.1
Wednesday, October 28, 2009
Goldman’s Lies of Omission on AIG Implosion / Companies / Credit Crisis 2008
By: Janet_Tavakoli
In my opinion, David Viniar’s (CFO of Goldman Sachs) comments in the fall of 2008 were a lie (see endnote), and for that matter, Lloyd Blankfein’s (CEO of Goldman Sachs) later comments to the Wall Street Journal were disingenuous. In the context of what was happening near the time of AIG’s implosion, the key question was “What is going on between Goldman and AIG?” Their rhetoric surrounding this issue is a deft dodge. They may claim they didn’t “technically” lie, but Goldman’s business exposure to AIG posed both credit risk and reputation risk. They seem to overlook elements of the former and put insufficient value on the latter.
Monday, December 01, 2008
London Scottish Bank Goes Bust, FSA States Savings Protected / Companies / Credit Crisis 2008
By: Nadeem_Walayat
London Scottish bank which was actually based in Manchester with some 10,000 savers and about 2000 employees effectively went bust on Friday after the FSA stopped the bank from accepting customer deposits due to the capital shortfall, the bank went into administration and a statement on the LSB website states that the company continues to operate so as to seek the best long-term solution for customers and creditors.Read full article... Read full article...
Wednesday, November 12, 2008
Your FDIC Backed Bank Could Fail, Discover the Safest U.S. Banks / Companies / Credit Crisis 2008
By: EWI
With big bank bailouts dominating the news, there's no better time to get the truth about bank safety.
This informative article has been excerpted from Bob Prechter's New York Times bestseller Conquer the Crash . Unlike recent news articles that are responding to the banking crisis, it was published in 2002 before anyone was even talking about bank safety. However, you may find the information even more valuable today than ever before.
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Thursday, October 02, 2008
Major Insurance Company On Verge Of Bankruptcy: Senator Reid / Companies / Credit Crisis 2008
By: Mike_Shedlock
Bloomberg is reporting Hartford, Prudential, MetLife Credit Swaps Widen to Records .
The cost to protect against a default by Hartford Financial Services Group Inc., Prudential Financial Inc. and MetLife Inc. rose to record levels on speculation that the turmoil in financial markets may be spreading to insurers.
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Thursday, October 02, 2008
UK Company Business Bank and Savings Account Guaranteed? / Companies / Credit Crisis 2008
By: Nadeem_Walayat
Whilst individual savers continue to adjust to yesterdays announcement by the Prime Minister, Gordon Brown to extend the 100% guarantee to the first £50,000 for individual savers. However this is an apt reminder that the guarantee does NOT extend much of the business sector, the consequences of which are that corporate runs on banks occur as corporate depositors which amount to some £1.2 trillion seek to immediately withdraw funds from potentially failing banks.Read full article... Read full article...
Wednesday, October 01, 2008
Corporations Implodes, GE Credit Default Swaps Soar, Ford Sales Plummet / Companies / Credit Crisis 2008
By: Mike_Shedlock
MarketWatch is reporting U.S. Sept. ISM manufacturing index plunges to 43.5%
WASHINGTON - The nation's manufacturers cut back production at a much faster pace than expected in September, the Institute for Supply Management reported Wednesday. This is the lowest level since October 2001. The ISM index plunged to 43.5% in September from 49.9% in August. This is the biggest drop in the index since 1984. The drop surprised economists. The consensus forecast of estimates collected by Marketwatch was for the index to slip only a bit to 49.6%. Readings below 50 indicate contraction. The ISM index has been holding near 50 since the summer. The previous low this year was 48.3 in February. Economists said the ISM index was near recessionary levels.
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Wednesday, October 01, 2008
HBOS Risk on Speculation of Lloyds TSB Takeover Bid Resistance / Companies / Credit Crisis 2008
By: Nadeem_Walayat
The shotgun wedding at the behest of the FSA for the rescue of Halifax Bank of Scotland (HBOS) by Lloyds TSB less than 2 weeks ago for £12 billion at a price of £2.32 per share is coming under pressure as speculation grows that Lloyds shareholders are not happy with the price being paid for a near bankrupt mortgage bank. The current HBOS market price of £1.34 is near half of the original Lloyds TSB bid price. .
The news has not gone down well with HBOS customers who appear to have been inundating the HBOS online service which has been showing signs of cracking under the strain, an unknown number of customers which includes yours truly are being met by the following page when attempting to log-in:
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Sunday, September 28, 2008
US Banking Crisis Explained / Companies / Credit Crisis 2008
By: Money_Morning
Shah Gilani writes: How Complex Securities, Wall Street Protectionism and Myopic Regulation Caused a Near-Meltdown of the U.S. Banking System - [ In Part III of his three-story investigation of the credit crisis,Money MorningContributing Editor Shah Gilani details how the very complexity of the global financial system brought us to the brink of a total meltdown. In a special addendum tomorrow (Thursday), the former professional trader and hedge-fund manager will detail a banking-system overhaul that would immediately end the credit crisis - possibly without a single penny of taxpayer money.] Read full article... Read full article...
Saturday, September 27, 2008
Credit Crisis Truth: The Real Story Behind the Collapse of AIG / Companies / Credit Crisis 2008
By: Money_Morning
Shah Gilani: In Part II of his three-story investigation of the credit crisis, Money Morning Contributing Editor Shah Gilani shows us how American International Group, a perfectly sound company that's survived for 89 years, was destroyed by some errant bets on a derivative security called a “credit default swap,” or CDS. It's
a story you'll read nowhere else . Editor
There's nothing fundamentally wrong with the core insurance business units of American International Group Inc. ( AIG ). Nothing at all. What imploded the venerable insurance giant was an accumulation of misplaced bets on credit default swaps.
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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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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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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
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...
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
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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