Hints and tips:
...During Tim’s tenure as CEO, Fannie Mae has been profitable on an annual basis, paid the Treasury approximately $167 billion in dividends, and reduced risk to taxpayers,” Egbert L.J....
...The deal follows Ferrero’s acquisition last October of Ferrara Candy, maker of Lemonheads and RedHots, from private equity firm L Catterton for about $1.3bn....
...He is the author of High Rollers: Inside the S&L Debacle, Practical Handbook for Bank Directors, Debt Spiral: How Credit Failed Capitalism, and InStAbILItY: Booms, Busts, the Fragility of Banks, And What...
...Fannie and Freddie might require government support once again....
...For further reading on the paradoxical consequences of surplus mania, be sure to check out L. Randall Wray’s famous 1999 piece for the The Levy Economics Institute....
...From Dr Bernard L Weinstein....
...gillian.tett@ft.com ——————————————- Letter in response to this column: Flaws in mortgage reform legislation / From Dr Bernard L Weinstein...
...The other big strategic question hanging over the company is what it will do with its stake in L’Oréal. A shareholder agreement requires Nestle to give L’Oréal first refusal should it decide to sell....
...Annette L. Nazareth is a partner and Gabriel D. Rosenberg is an associate at Davis Polk & Wardwell, a global law firm...
...In brief, banks can hold this slice pretty much however they want: “vertically”, “horizontally”, heck, even “L-shaped”. (We anticipated this in a post back in October.)...
...The administration delivered its plan to Congress last month, including three options to replace Fannie Mae and Freddie Mac, the quasi-government entities that securitise and guarantee most of the nation...
...Meanwhile, shares in Fannie Mae and Freddie Mac surged from penny stock levels....
...- Modelling Fannie Mae and Freddie Mac – part II. - Rogoff: “The fault lies not in Lehman, but in ourselves…” - V-shaped revenue recovery combined with L-shaped capex growth....
...Think Fannie, Freddie, FDIC, FHA....
...Separately, federal investigators have opened inquiries into at least 25 companies, including Lehman, AIG, Fannie Mae, Freddie Mac and Wamu....
...Related links: Fannie, Freddie, now FHLBs? – FT Alphaville Home-loan banks struggle to maintain capital – WSJ...
...Related links: For FHLB’s sake – FT Alphaville FHLB, the ‘L’ stands for Libor – FT Alphaville Fannie, Freddie, now FHLBs? – FT Alphaville...
...The bailout is potentially huge, although probably not America’s biggest: the public cost of the S&L crisis was $300bn in today’s money....
...Hank Paulson, having already emptied his bazooka on Fannie Mae and Freddie Mac, is now preparing to deploy his weapon of last resort....
...Below, Fannie and Freddie spreads to US Treasury bonds have hit their highest levels EVER today....
...Santander, which bought Abbey – the fourth-largest UK bank – in 2005, was 0.1 per cent higher at €11.24, while A&L shares jumped more than 50 per cent....
...Politicians, regulators, think-tankers, editorial writers, and other members of the overhead line in the world’s p&l statement are all demanding an end to over-leverage, speculation, complexity, and derivative...
...The final cost of the S&L crisis between 1986 and 1995 was $153bn, or about 3 per cent of 1989 gross domestic product, of which taxpayers had to pay $124bn....
...A&L closed up 52.8 per cent to 335p – pushed just above Santander’s offer including a due dividend as dealers scrambled to cover short positions....
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