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GMAC gets a helping hand

This e-mail came to my inbox from the FDIC last night: The Federal Deposit Insurance Corporation (FDIC) announced today the approval of GMAC Financial Services to participate in the Temporary Liquidity Guarantee Program (TLGP) allowing the company to issue up to $7.4 billion in new FDIC-guaranteed debt. GMAC will pay […]

Treasurys are getting killed again

Treasurys are getting killed again

You have probably seen stocks down today.  The dow is off nearly 200 points and the Nasda is down 50.  But, everything American is getting whacked today. The U.S. dollar, stocks, and bonds.  Look at the chart on Treasurys here – especially the long end. Something is happening in terms […]

Links: 2009-05-18

I will be out for most of the day, but plan to return for osting by tomorrow.  Here are the links. The Destructive Implications of the Bailout – Understanding Equilibrium – John Hussman “One of the features that has enabled the bureaucratic abuse of the public during the past year […]

Links: 2009-05-16

Taipei Times – CLSA strategist warns of long-term asset bubble “A two-month global equity rally that has added US$8.8 trillion to stocks may continue in the short term as risk aversion declines and investors overreact to improving economic data, CLSA Ltd’s Christopher Wood said. In the longer term, buyers of […]

Sheila Bair talking to Bloomberg’s Al Hunt

Yesterday, I mentioned an e-mail from the FDIC clarifying statements on replacing bank executives by Chairperson Sheila Bair on Bloomberg’s “Political Capital with Al Hunt”. Below is the video which will allow you to see exactly what Sheila Bair has to say. The video starts automatically. Enjoy. Sources Bair Says […]