The Entity

  • The Entity

    The Super Siv Is Shrinking, Possibly Dying?

    The Super Siv is not working out. According to Robin Sidel’s article in today’s Wall Street Journal, expected investors are balking. “The nation’s three biggest banks have started to formally ask other financial institutions to join the fund, but some firms that were expected to sign up are now not as interested,” Sidel reports. “As […]

    / Dec 13, 2007 at 2:14 PM
  • The Entity

    Downsizing The Super-SIV

    The so-called Super-SIV is looking a little less super. The Wall Street Journal reported this morning that the SIVs sponsors are scaling back plains and now predict it might be cut down to half its intended size. Investor appetite has been scant, raising the possibility that the bailout SIV might not have enough assets to […]

    / Dec 6, 2007 at 10:57 AM
  • Blackrock Group, The Entity

    The Guy Who was Supposed to Save Merrill Lynch Will End Up Saving Citigroup
    But It’s Not What You Think

    So is this why Larry Fink, the chief executive of BlackRock, either passed up or was passed over for John Thain? Everyone absolutely knew Fink was the number one pick to run Merrill Lynch after Stan O’Neal’s ouster but some how the job went to New York Stock Exchange boss Thain. And know we know […]

    / Nov 21, 2007 at 10:23 AM
  • Banks, Citicorp, Regulators, The Entity, Treasury

    Too Big To Be Deregulated?
    As Big Banks Teeter On Edge Of Abyss, Government Regulation May Rise Again

    The Treasury’s Entity is seen as a Citigroup bailout by lot of people for the very simple reason that it is a Citigroup bailout. That might not be the only thing it is, but stupid is as stupid does, and one thing this stupid thing does (or will do, if it ever gets off the […]

    / Nov 5, 2007 at 1:02 PM
  • The Entity

    Party Pooping Free Market Rebels Still Fighting The Entity

    We’re totally surprised that there has been so much negative reaction to the plan by the Treasury Department, Citigroup, JP Morgan Chase and Bank of America to create a $100 billion fund to buy bad credit products that no-one else wants with money from investors who wouldn’t buy those credit products directly. Doesn’t everybody understand […]

    / Oct 16, 2007 at 3:18 PM
  • The Entity

    Critics of ‘The Entity’ Arise

    News broke only yesterday that a consortium of banks led by Citigroup was putting together a $100 billion “master” structured investment vehicle to bail our faltering structured investment vehicles and prop up the market for asset backed securities. David Gaffen of MarketBeat has christened the new Super SIV with the name “the Entity” and we […]

    / Oct 16, 2007 at 11:44 AM

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