SEC Intends to Temporarily Ban Short-Selling
September 18, 2008 | Posted by Jorge More to come…
Categories: Alerts, Features | 
Tags: Alerts, Features, SEC | 
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Posts belonging to Category 'Alerts'
September 18, 2008 | Posted by Jorge Lehman Brothers Filing For Bankruptcy; Bank of America Purchases Merrill Lynch
September 14, 2008 | Posted by Jorge Oh boy.. could the past week get any wilder? First, Lehman Brothers reportedly will be filing bankruptcy sometime in the next 12 hours due to failed talks between LEH and suitors. The Fed tried to broker a deal between LEH and Bank of America / Barclays, but talks fell through at the end due to [...]
Categories: Alerts, Equities, Features, Futures | Tags: BAC, LEH, MER | Comments
Treasury and Fed Engineering Lehman Sale
September 11, 2008 | Posted by Jorge Well whatdya know? Seems like another one bites the dust. As of 17:30 today, the Treasury Department and the Fed are brokering a deal to have Lehman taken private by Sunday. Here’s the article from the Washington Post. At least it’s another shot in the arm. Let’s see how long this rally lasts? 4 hours [...]
Categories: Alerts, Features | Tags: Bailout, LEH | Comments
Washington Mutual CEO Ousted: WSJ Report
September 7, 2008 | Posted by Jorge Another one bites the dust! Reports from the Wall Street Journal indicate that Washington Mutual (WM) are ousting their CEO, Kerry Killinger, this evening. Seems like as the government is doing some housekeeping, some of the other financial instituions are as well. Tomorrow’s going to be extremely interesting in terms of market action. Now I’m [...]
Fannie Mae, Freddie Mac Taken over by Regulators
September 7, 2008 | Posted by Jorge Ooooh boy. Let the fun begin. I’m watching the 11am news conference by Hank Paulson. More info once its released.
Update: Here’s the shortened version of the story as I see it. The government’s taking over Fannie and Freddie, removing the CEOs of both companies, and eliminating both preferred and common dividend. By eliminating the dividends, [...]
Categories: Alerts, Features | Tags: Features, FNM, FRE | Comments