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Fed News Flow & Wrap Up

Tuesday, September 16, 2008 | 07:30 PM

in Bailouts | Federal Reserve | Psychology/Sentiment

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)

• Parsing 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