“Public assistance enables the world’s largest 15 financial firms to return to the capitalization they had in September 2008,” the article continues. The largest of the largest, HSBC, is now judged to be worth $186 billion, according to the stock market.
September 2nd, 2009 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "freddie mac"
A National Mortgage Bubble
This brings us to a quick point about the Aussie property market. A frequent complaint in the e-mail box is that house prices are a local and not national phenomenon. If that’s right, then it doesn’t make any sense to talk about a national property bubble…because there can’t be one, can there!?
August 11th, 2009 | Dan Denning | 2 comments | Continued
Fed Willing to Print Money to Buy More Bonds to Keep U.S. Interest Low
Meanwhile all sorts of mischief is afoot in financial markets and the Australian energy market. U.S. stocks fell over 1.5% in Thursday trading. The minutes of the Federal Reserve’s April meeting were published. The notes said there were “significant downside risks” to the U.S. economy and that the global financial system remains “vulnerable to further shocks.”
May 22nd, 2009 | Dan Denning | 0 comments | Continued
Federal Reserve Has Destroyed the Economy
Neil Irwin at the Washington Post reported, with that subtle-yet-unmistakable hint of panic, “The Federal Reserve yesterday escalated its massive campaign to stabilize the economy, saying it would flood the financial system with an additional $1.2 trillion.”
March 31st, 2009 | Mogambo Guru | 8 comments | Continued
Selective Socialism
Unless you have been sleeping under a tree over the past month or so, I am sure you have heard about the demise of the five largest investment banks: Bear Stearns, Lehman Brothers, Merrill Lynch, Goldman and Morgan Stanley.
November 7th, 2008 | Puru Saxena | 2 comments | Continued
Freddie Mac’s Main Man is in the News
Richard F. Syron, in 2004 received a memo from Freddie Mac’s chief risk officer warning him that the firm was financing questionable loans that threatened its financial health…
August 7th, 2008 | Bill Bonner | 2 comments | Continued