Fed News Flow & Wrap Up

Tuesday, September 16, 2008 | 07:30 PM

Got back long after the FOMC news was released. As we expected yesterday, the Fed disappointed the perma-bulls and left rates unchanged. Here's what grabbed my eye between meeting. While I am gorging on yet another slab of marbled red meat, I won't leave you with nothing to read.

Here is some interesting news flow surrounding the Fed decision, AIG and other, behind the scenes actions:

Surprise! Fed stays on hold, keeps neutral bias (MarketWatch)

Infofedparse0809_2Parsing the Fed: New Risks, Same Rate (WSJ)

Fed to futures market: Thanks but no thanks (Rosenberg/Merrill Lynch)

• Bloomberg headline: US Considering AIG "Conservatorship"

Fed Said to Reverse Stance, Consider AIG Loan Package (Bloomberg) 

Today's WTF headline: JPMorgan Gave Lehman $138 Billion After Bankruptcy (Bloomberg)

The Crisis of Confidence and the Banks (The Institutional Risk Analyst )

Geithner Skips FOMC Meeting to Stay in New York  (for AIG ?) (Real Time Economics) 

The End of Dissent: Fisher Joins the Majority  (WSJ)

Barclays to acquire Lehman capital markets (MarketWatch)

AIG-LEH-Federal Reserve and asymmetric information (Kotok/Cumberland)

Money fund breaks a buck: Reserve Primary Money Fund Falls Below $1 a Share  (Bloomberg)   

Shattering the Glass-Steagall: The rise of the commercial banks. (Slate)   

•  Greenspan: Economy in 'once-in-a-century' crisis (CNN/Money)

Why the Fed couldn’t lower rates (iTulip)

A Sense That Wall St.’s Boom Times Are Over (NYT)   Do ya think ?

Bail-out or bust?  (Economist)

McCain Calls Wall Street Reckless, Obama Hits McCain (Bloomberg) 

Investment Banks, By the Numbers (Marketbeat)

•  Any notice? Russia fell 20% overnight


Lastly, the always objective, neutral and disinterested Hank Greenberg:

It is in America’s interest to save AIG (Real Time Economics) 

Tuesday, September 16, 2008 | 07:30 PM | Permalink | Comments (46) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Fed News Flow & Wrap Up:


Bloomberg just reported that the Fed is offering an $85B bridge loan to AIG and taking an 80% stake in it.

Posted by: KJ Foehr | Sep 16, 2008 7:33:56 PM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™