Posts Tagged ‘ Bear Stearns ’

Financial Bank Bear Market

May 28th, 2008 | By | Category: Macro Economics
Since the rescue of Bear Stearns on March 17, the Amex Securities Broker/Dealer Index has rallied 20%. The shares of Lehman Brothers have rocketed more than 30%. These dramatic rallies support the popular thesis that “the worst is over” for the financial sector. But these dramatic rallies also provide attractive ...read more

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Who Pays for the Bailout

Apr 4th, 2008 | By | Category: Macro Economics
IF YOU’RE GAME FOR A LAUGH, I’d like you — in reading the following quotes — to imagine the words “tax-payers’ cash” wherever you see the words “government” or “central bank.” Better still, imagine they spell out the words “your savings” instead. Here’s goes... “We need concerted action by governments, central banks ...read more

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The Problem with Bailouts

Apr 1st, 2008 | By | Category: Macro Economics
“Just like natural organisms, the financial system must have death to evolve into a better form...” NOW THAT HE’S WEARING some sort of do-good government hat, even Hank Paulson is not thinking straight. Regulate in New York and finance goes to Toronto. Regulate in London, it goes to Frankfurt or Paris — ...read more

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Bear Sales

Mar 24th, 2008 | By | Category: Macro Economics
In law, it is often difficult to prove intent, and particularly difficult to prove criminal intent. The bear raids on Bear Stearns and, in the London market, on HBOS, the bank which used to be the Halifax Building Society, have created a prima facie suspicion that speculators were deliberately creating ...read more

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