Why is it every time Sarah Palin opens her mouth, the stock market tanks?l SHUT UP, SARAH! SHUT THE FUCK UP!
------------ On Sep 12, 12:40 pm, Frank <[EMAIL PROTECTED]> wrote: > Bank of America Leads Lehman Bidders; Treasury Balks > By Yalman Onaran > > Sept. 12 (Bloomberg) -- Bank of America Corp. leads a list of > potential bidders for Lehman Brothers Holdings Inc., a person with > knowledge of the talks said, even as the U.S. Treasury opposed funding > a deal and the structure of any transaction remained in flux. > Chief Executive Officer Richard Fuld, who built Lehman into the > biggest U.S. underwriter of mortgage securities during his four > decades at the investment bank, was pushed toward a forced sale after > talks about a cash infusion from Korea Development Bank ended, > sparking a drop of more than 75 percent in the firm's market value in > the past four > days.http://www.bloomberg.com/apps/news?pid=20601087&sid=airWpYw5k9Vw&refe... > > Alt-A Mortgages Next Risk for Housing Market as Defaults Surge > By Dan Levy and Bob Ivry > Sept. 12 (Bloomberg > > Homeowners lured by low introductory rates to Alt-A mortgages, which > typically require little or no proof of a borrower's income, may fuel > the next wave of foreclosures and further delay a recovery from the > worst housing decline since the 1930s. Almost 16 percent of > securitized Alt-A loans issued since January 2006 are at least 60 days > late, data compiled by Bloomberg show. Defaults will accelerate next > year and continue through 2011 as these loans hit their three- and > five-year reset periods, according to RealtyTrac Inc., an Irvine, > California-based foreclosure data > provider.http://www.bloomberg.com/apps/news?pid=20601109&sid=arb3xM3SHBVk&refe... > > Paulson Adamant No Money for Lehman, Fed Against It > By Craig Torres and Rebecca Christie > > Sept. 12 (Bloomberg) -- Treasury Secretary Henry Paulson is adamantly > opposed to using government funds to aid Lehman Brothers Holdings > Inc., and Federal Reserve officials are inclined to agree. > A person familiar with Paulson's thinking said Wall Street has been > aware of Lehman's troubles for a long time and had time to prepare for > any crisis at the company. The access Lehman has to loans from the > central bank will allow an orderly process, the person said. Fed > officials are aligned with the Treasury > ahttp://www.bloomberg.com/apps/news?pid=20601068&sid=azMNL.tm5ckk&refe... > > AIG May Announce Its Turnaround Plan Before Sept. 25 Deadline > By Hugh Son > > Sept. 12 (Bloomberg) -- American International Group Inc., the largest > U.S. insurer by assets, may announce a turnaround plan before the > previous deadline of Sept. 25, a person familiar with the company > said. > The plan may include selling assets, raising capital and restructuring > the company, said the person, who declined to be named because New > York-based AIG hadn't made an official announcement. > To contact the reporter on this story: Hugh Son in New York at > [EMAIL > PROTECTED]://www.bloomberg.com/apps/news?pid=20601087&sid=a6r6t3k8uX4A&refe... > > Washington Mutual Sees $4.5 Billion Loan-Loss Provision in Quarter > > Sept. 11 (Bloomberg) -- Washington Mutual Inc., the savings and loan > that lost a third of its value this week, said that it is ``well > capitalized'' and forecast a third-quarter loan-loss provision of $4.5 > billion. > Net charge-offs may increase by less than 20 percent in the third > quarter, compared with 60 percent in the previous period, the Seattle- > based lender said today in a statement. WaMu said it has $50 billion > in > liquidity.http://www.bloomberg.com/apps/news?pid=20601087&sid=aeWYL8tllp7s&refe... --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
