Posts belonging to Category 'Features'

Art *&@(#& Cashin

SEC Intends to Temporarily Ban Short-Selling

More to come…

Lehman Brothers Filing For Bankruptcy; Bank of America Purchases Merrill Lynch

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 [...]

Treasury and Fed Engineering Lehman Sale

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 [...]

Washington Mutual CEO Ousted: WSJ Report

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 [...]