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Dean Baker Explains It All to You

…The most obvious question: is how will paying market price for near worthless assets prevent the collapse of zombie institutions like Bear Stearns, Lehman Brothers and AIG? These institutions needed…

McCain and Obama and Lehman Brothers

…our housing markets followed by the collapse of Bear Stearns, Fannie Mae, Freddie Mac and now Lehman Brothers. I am glad to see that the Federal Reserve and the Treasury…

Will we see the guarantees?

Barclay’s walks, BofA may buy….what are the guarantees involved with tax money? How did Bear Stearns and others work out in costs?…

Trickle-Down in Action?

…operating costs and business risk.” Tom Marano—who knows mortgages and the mortgage market inside and out—was, prior to his moving to ResCap, the head of mortgage origination at Bear Stearns….

"Yours!"

Fed values Bear Stearns assets at a level where it has only cost them $100,000nothing—so far. (Indeed, there’s a $50,000 “buffer” left.) Strangely, the scuttlebutt in the market yesterday was…

Credit is scarce but not capital

…market liquid. Investors may feel they can’t lose by putting money into financial companies. The Federal Reserve — by engineering the takeover of Bear Stearns Cos. by JPMorgan Chase &…

Index funds and commodities 2

…ability to meet margin calls, al la Bear Stearns. Complete at Commitments of Traders. Also corrected link to Gene Epstein’s Barron’s cover story Commodities: Who’s Behind the Boom? Next, the…

Auto Loan and credit card debt bonds?

…between the remaining demand for unsecured term funding in the bank market and the latest decline in supply following the run on Bear Stearns,” wrote Lou Crandall, chief economist for…

After the Recession: What then?

…of “business consultants” have been a bit too innovative of late. All of them—Bear Stearns, Merrill Lynch, CitiGroup, et al—were our great money makers: What we had to trade. It…