Moreover, changes to the bankruptcy code mean that counterparties to Lehmanâs credit-default swaps can seize their collateral at any time, posing an enormous potential risk to the entire financial markets.
Fed, Street Draft Deal To Buy Lehman's Bad Assets
Topics:Henry Paulson | Banking
Sectors:Financial Services | Banks
Companies:Morgan Stanley | JPMorgan Chase and Co | Lehman Brothers Holdings Inc
By Charlie Gasparino On-Air Editor | 13 Sep 2008 | 06:58 PM ET
A deal has been drafted to...
Lehman Deal Might Not Be Resolved This Weekend
Topics:Banking | Stock Market
Sectors:Banks
Companies:Merrill Lynch & Co Inc | Washington Mutual Inc | JPMorgan Chase and Co | Lehman Brothers Holdings Inc
By Steve Liesman and Jeff Cox , CNBC.com | 12 Sep 2008 | 02:05 PM ET
A high-level...
check out ABH. Worlds largest newsprint producers. Looks like its on the ropes. Lots of debt to be rolled over with few takers.
Probably alot more non-financials out there with heavy debt loads waiting to get crushed.
Daal nice call on fnm fre btw!
Cheers!
"This is worse than the...
it depends....
if secondary mortgage market rebounds so will the common.
if the secondary mrtgage mkt fades on the back of continually weaker housing THEN the common/preferred are diluted to zero by Treasury preferred issuance.
I think we see ALOT of volatility in the short term until...
1)decision to place both enterprises in conservatorship
2)Treasury and FHFA have established Preferred Stock Purchase Agreements, contractual agreements between the Treasury and the conserved entities. Under these agreements, Treasury will ensure that each company maintains a positive net...
MBIA Rises Most in 4 Weeks on Dinallo-Brokered Reinsurance Deal
By Christine Richard
Aug. 28 (Bloomberg) -- MBIA Inc. rose the most in four weeks after New York State Insurance Superintendent Eric Dinallo helped broker an agreement for the company to reinsure $184 billion in municipal...