Results tagged “Treasury Department” from Dealbreaker
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Full Faith And Credit Ratings
Aug 05, 2009, 2:37pm
Posted by Equity Private
How excited are you by the prospect that the Treasury might regulate credit ratings? Us either. And, as it happens, even the Treasury isn't so keen on the idea. To wit: The Obama administration is resisting calls to get involved...
Where Do Those Laid Off Bankers End Up?
Dec 03, 2008, 11:24am
Posted by Equity Private
Treasury Official: "Man is paying these debt instruments off painful." New Analyst: "Well, you know I used to work with new homeowners to get their payments down to levels they could afford." TO: "Oh?" NA: "Yes, you know lots of...
Legg Mason: Treasury's BFF?
Oct 14, 2008, 11:52am
Posted by Equity Private
Remember what everyone's favorite boy-wonder and cash carrier said yesterday? Taking aggressive steps to manage potential conflicts of interest is essential because firms with the relevant financial expertise may also hold assets that become eligible for sale into the TARP....
That's A Relief. For A Second I Thought They Were Going To Spend Some Money
Oct 13, 2008, 12:58pm
Posted by Equity Private
Neel Kashkari, the U.S. Treasury official overseeing the $700 billion rescue of the financial system, said government equity injections will be aimed at ``healthy'' firms. ``We are designing a standardized program to purchase equity in a broad array of financial...
Paulson To Use Superpowers Sooner Than Expected
Oct 10, 2008, 12:49pm
Posted by Equity Private
In a raft of measures, that aren't desperate (no really, we swear) Hank Paulson is set to issue what looks to be a general "term sheet" in the next few days for all financial institutions needing an thick injection of...
Buffett On Bailout
Sep 08, 2008, 10:18am
Posted by Bess Levin
Whatever your thoughts on the matter of the this little mortgage rescue are, you cannot ignore the toll it's taking on Warren Buffett. CNBC had him on this morning in a phone interview with Becky Quick, who called in from...
Who Owns Fannie and Freddie's Common Stock?
Sep 07, 2008, 7:24pm
Posted by John Carney
The common stock of Fannie Mae and Freddie Mac is almost exclusively held by large financial institutions. The top ten largest institutional holders control over half of the stock of each companies. Details on Fannie Mae's ownership can be found...
No Capital Injected Into Fannie and Freddie
Sep 07, 2008, 5:33pm
Posted by John Carney
Despite the new lending facilities and a commitment to maintain a positive net worth in Fannie Mae and Freddie Mac, the Treasury has avoided actually injecting capital into the two companies. The consideration for the $1 billion in preferred stock...
A Frantic Weekend Of Putting Together The Fannie and Freddie Rescue Plan
Sep 07, 2008, 11:52am
Posted by John Carney
So now we know that the Treasury is rescuing Fannie Mae and Freddie Mac by placing them into a conservatorship. The news that something was brewing had been bubbling up since Friday, when the Wall Street Journal first reported that...
Government Takes Over Fannie And Freddie!
DealBreaker Weekend Edition
Sep 07, 2008, 11:39am
Posted by John Carney
The Federal Housing Finance Authority will take over as conservator Fannie Mae and Freddie Mac, the government announced as part of its breathtaking rescue of the two housing giants. Under the plan, the current common stocks shareholders will be nearly...
Take A Load Off Fannie: Treasury Rescue Coming This Weekend?
Sep 05, 2008, 4:49pm
Posted by John Carney
So it looks like Fannie Day is finally approaching. The Wall Street Journal is reporting that a plan to shore up Fannie Mae and Freddie Mac could be announced as early as this weekend. No details of the plan are...
The Fed-Fred Trade, Preferred Stock Edition
Aug 26, 2008, 3:02pm
Posted by John Carney
Banks who bought short-term bonds sold yesterday by the government chartered mortgage giant Freddie Mac may have also boosted their own balance sheets by strengthening Freddie's preferred stock....
Hank Paulson: Supporting Fannie and Freddie In Their Current Form
Jul 11, 2008, 10:28am
Posted by John Carney
Treasury Secretary Hank Paulson has now spoken up about the story in the New York Times regarding "contingency planning" for Fannie Mae and Freddie Mac. The official statement makes no mention of a possible bailout or taking them into conservatorship....
Cox to Bernanke and Paulson: "How Come You Guys Don't Call Anymore?"
Posted in Politics, Jun 23, 2008, 1:21pm
Posted by Dealbreaker
SEC chair Christopher Cox missed the 5am conference call when Ben Bernanke and Hank Paulson decided that the Fed would lend funds to rescue Bear Stearns from bankruptcy, the Wall Street Journal reports on today's front page. The call's time...
