Hints and tips:
...One reporter described Freeman’s arrival as “feeling like we’re falling off the edge of a cliff”. Freeman tells the FT that everyone has got the story wrong....
...(Wonkblog, Financial Times) JPMorgan sued over Bear Stearns securities: “The US credit union regulator has sued JPMorgan Chase over $3.6bn worth of “faulty” mortgage securities created by Bear Stearns at...
...“Since then, Lehman Brothers went bankrupt and Bear Stearns and Merrill Lynch were sold to banks. The industry is also smaller, with 10 per cent fewer jobs in New York City.”...
...Cliff Stearns, who recently left Congress after a 24-year career in which he chaired the Transatlantic Dialogue between US and EU legislators, saw little support in the House of Representatives....
...“I think Cliff Stearns got caught napping and I think John Mica blew Sandy Adams out of the water because she had no money and he nuked her. She’s not one of our people,” the person said....
...After both sides have crossed their red lines on tax rises, it would be seriously daft for US politicians to fail to reach a deal on the fiscal cliff....
...Fiscal cliff talks advance: President Obama made a counter offer to John Boehner’s tax cuts proposal, according to a source close to the talks....
...The result of another contest pitting veteran lawmaker Cliff Stearns of Florida against newcomer Ted Yoho in a Republican House primary was not yet clear, although the initial results showed Mr Stearns down...
...But it could drag the economy over a fiscal cliff and into recession next year if politicians cannot agree long-term deficit cuts....
...Fred Upton and Cliff Stearns, leading Republicans on the energy committee of the House of Representatives, said they had “smelled a rat from the onset”, and called for full disclosure of how the guarantee...
...Mr Lasala added: “Interest rates are another issue entirely – the spectre of interest rates rising fast and far could nudge the commercial property sector over the cliff.”...
...From a Thursday speech by the Monetary Policy Committee member: During early 2008, following the collapse of Bear Stearns, and with the continued closure of the securitisation markets making mortgage-backed...
...Cliff Stearns, a Republican from Florida, is also in the running....
...Cliff Stearns of Florida said he was fed up with the chief executive saying he did not know the answer to their questions. “Let me ask you this: Is today Thursday?” Mr Stearns asked....
...- The perils of corporate email, Bear Stearns edition. - Cash-crunched, scandal-hit Dubai....
...The critical point is that, like Bear Stearns, Lehman was just an extreme case of a general phenomenon....
...A year of disasters in financial services, starting with the collapse of Bear Stearns and reaching a nadir with the revelation of Bernie Madoff’s Ponzi scheme, has led insurers dealing with fund managers...
...In 1998, margins and profits reached an all-time high, but, within months, the company’s sales and reputation fell off a cliff....
...- Annals of risk management, Bear Stearns edition - Dollar *danger* ahead - 104,034 investment banking jobs on the line - I say, where’s Britain’s money gone?...
...I also like the commodity related stocks that Tontine, one of the best hedge funds ever (until this year) has been selling: Freeport-McMoRan Copper & Gold; Cliffs Natural Resources; KBR Inc....
...Since the collapse of Lehman Brothers, the near failure of Bear Stearns and AIG, and the market panic of September and October, US businesses are having to reassess their exposures to risks that until recently...
...Yet, even if RCM’s future performance turns out to be poor, it won’t be because it followed the herd over the cliff edge. Mr Utermann’s management style ensures this....
...“And that is why everything fell off a cliff in the global economy. It was a complete paradigm shift that will take us years to live out.”...
...However, Mr Mendelson said that the Bear Stearns intervention was “a very very important fork in the road, and we hate to think what that other road would have looked like …it could have led off a cliff,...
International Edition