Interfluidity
Friday, September 19th, 2008This blogger writes intermittently but it is always provocative. Read his most recent piece on the bailout.
Archive for September, 2008
This blogger writes intermittently but it is always provocative. Read his most recent piece on the bailout.
Treasury Statement on Money Funds
Friday, September 19th, 2008Here is the text of the Treasury statement on Money Funds. It relies on a Depression era law for the funding of the enterprise.
Treasury Sells Put Option to Moneyfund Depositors
Friday, September 19th, 20087:29 *U.S. TREASURY TO INSURE MONEY-MARKET MUTUAL FUND HOLDINGS 7:29 *TREASURY SAYS PLAN TO GUARANTEE HOLDINGS `FOR THE NEXT YEAR' 6:56 *OVERNIGHT DOLLAR LIBOR ...
Administrative Note
Friday, September 19th, 2008On the side panel under the blogroll I have added a poll question. It is not an advertisement and it will not collect any information from you other than what you provide when you check a box. I am trying to aid and assist a friend who is doing some research ...
Some Thoughts For September 19 2008
Friday, September 19th, 2008Prices of Treasury coupon securities are, for the most part plummeting in response to the deus ex machina action by the Congress, the Administration and the Federal Reserve to confront the credit crisis with direct, forceful and radical action. As stitched together from various media reports, which I will link ...
Ban on Short Sales
Thursday, September 18th, 2008The Wall Street Journal is reporting that the SEC will propose a temporary ban on short sales. I want to know why there was not a ban on long purchases in 1999 and 2000.
CNBC Story on Bipartisan Agreement
Thursday, September 18th, 2008This is the CNBC story with some more direct quotes than I had in my previous post. There are still no details of any plan.
Bipartisnship Agreement to Deal Expeditiously With Credit Crunch
Thursday, September 18th, 2008CNBC just carried the statements of the bipartisan leadership of Congress as well as Chairman Bernanke and Secretary Paulson in which all sides pledged to work together to solve the housing crisis and associated credit crunch which has threatened the world financial system. Secretary Paulson indicated that the plan would deal ...
Closing Comments September 18 2008
Thursday, September 18th, 2008Prices of Treasury coupon securities are registering chunky losses today in a session that was truly one of the most volatile that I have ever observed. The yield on the benchmark 2 year note has jumped 15 basis points today to a yield of 1.78 percent. The yield on the ...
Agency Close
Thursday, September 18th, 2008Agency spreads are wider by 3 basis points to 4 basis points in the 2 year sector and unchanged in the 5 year and 10 year sectors.Apparently, Secretary of the Treasury Paulson just uttered the acronym RTC somewhere and that has triggered a gigantic rally in stocks and a rush ...