Results tagged “Treasury” from Dealbreaker

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$2 Trillion Debt Is "Manageable"

The Acting Assistant Secretary for Financial Markets, Karthik Ramanathan, gave a bit of a pep talk yesterday regarding US debt issuance for 2009 and 2010. People should take comfort knowing that the US has funded nearly 80% of its total...

Possible, Partial Salvation For The Commercial Real Estate Market

It is almost a foregone conclusion that the CMBS market is headed for some real pain over the next couple of years. The problem is so glaring that even the Treasury is aware of it and looking for ways to...

Payback Time Not Looking So Good For The US Taxpayer

Now that 10 firms have the green light to pay back the TARP, the question is what is going to happen with the stock warrants the Treasury owns. Publicly traded TARP firms have the option of either negotiating the repurchase...

Treasury Porn, Pt. II

Jeb Mason, the Treasury's liaison to businesses. [NYT] Earlier: Treasury Porn...

When Is "Price Discovery" Not Price Discovery?

Hidden in the middle of a Wall Street Journal article on vulture investors is a small observation that suggests, perhaps unwittingly, that the Treasury might be on the eve of complicity in one of the largest cases of accounting fraud...

Bazooka Strategy Seems To Be Working, For Today

The plan to bolster Fannie Mae and Freddie Mac by talking up the Treasury's ability to bailout their debt while talking down the possibility that the two government sponsored mortgage companies could nationalized seems to be working. Reuters reported early...

Fed Pressures Treasury Not To Wipe Out Fannie Mae Preferreds

The Federal Reserve has been quietly pressuring the Treasury Department not to adopt a rescue plan for Fannie Mae and Freddie Mac that would wipe out the value of their preferred shares, according to a source familiar with the matter....

Merrill: Treasury Looking To Keep GSE's Shareholder Owned

The supporters of the current structure of Fannie Mae and Freddie Mac appear to be winning the debate at Treasury. "Merrill Lynch is telling its that a source within Treasury says they want to keep the GSEs in their current...

As Fannie and Freddie Rescue Debated At Treasury, Insider Trading Accusations Fly

As investors continue to dump shares of Fannie Mae and Freddie Mac, the debate over a possibly government bailout of the two mortgage giants is raging inside the Beltway. One camp of free market oriented Fed officials is arguing that...

Fed and SEC to Compare Notes, Hank Paulson Blesses Union

Today the Federal Reserve and the SEC signed the memorandum of understanding that would expand their information-sharing and cooperation along the lines of Henry Paulson's "Blueprint" for regulatory reform. The agreement is designed to bridge the gaps currently in the...

Treasury's Brave New World Of Financial Innovation

We’re going to have a lot to say about the costs of Treasury Secretary Hank Paulson’s Blueprint for a Modernized Financial Regulatory Structure. Before that, however, it’s worth noting that there is little to admire about our current financial regulatory...