All Posts Tagged With: "Wall Street"

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US Fed and Treasury Put Wall Street on Notice

The financial media and Wall Street insiders have already dubbed it “Black Sunday”, and with good reason.

After a full weekend of emergency meetings meeting between Federal Reserve, US Treasury, and financial industry big shots the fourth largest investment bank in America, the 158 year old Lehman , was left to its own devices. The US government finally drew that line in the sand. No bailout for Lehman. This morning Lehman filed for chapter 11 bankruptcy.

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15Sep2008 | taipan | 0 comments | Continued
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General Electric Earnings Disappoint and Scare Wall Street

General Electic issued an earnings report for the first quarter on Friday which scared Wall Street and helped to send the DOW 252 points lower.

“Today’s announcement from GE is not typical of the company. It rarely lowers guidance and rarely misses its forecasts. But not this time. That is what is so scary.” - Andrew Snyder

By: Andrew Snyder

Baltimore (TFN)– You do not think the credit crisis is over just like that? A few weeks of ups and downs, some presses releases, and some rule changes and the economy is fixed. Get real. This mess is just getting started.

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12Apr2008 | taipan | 0 comments | Continued
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Hammering Hank Paulson Wall Street Reformer

The former CEO of Wall Street’s largest investment bank, Goldman Sachs, now US Secretary of the Treasury, has proposed new legislation that would be the greatest Wall Street reform act since the Great Depression.

The short take on Mr. Paulson’s bank bailout plan is that the Federal Reserve Bank would become an extremely powerful entity, not that it’s not already, but it would become even more powerful with almost unlimited powers to regulate the nations financial affairs, banks, brokerage firms, hedge fund industry, you name it.

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3Apr2008 | taipan | 0 comments | Continued
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Masters of Wall Street Universe Exposed

These days the masters of the Wall Street universe are exposed for what they really are, grossly overpaid overly aggressive master salesmen who usually make bad managers.

But never worry for their future. The top people who brought to the world the securitization of mortgages and all sorts of wild derivative instruments may be out of work for the moment, or barely hanging on, but most will go on to other positions taking a considerable amount of their plunder with them. One thing that they know very well is how to take care of themselves.

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30Mar2008 | taipan | 2 comments | Continued

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