FDIC urges temporary hike in insured deposit limit: Financial News - Yahoo! Finance

FDIC urges temporary hike in insured deposit limit: Financial News - Yahoo! Finance: "The agency that protects U.S. bank deposits is asking Congress for temporary authority to boost deposit insurance limits as the government works to contain the financial crisis.Federal Deposit Insurance Corp. Chairwoman Sheila Bair on Tuesday asked for unspecified authority to raise insurance limits on the very

Looking around at the market

Even as most US markets opened higher (was it over reaction or a new push for a bail out?), the news was still dominated by yesterday's news of the House blocking the bail out bill and the resulting market sell off. All of the major news providers covered the stock market drop. For instance from Business Week:Another Black Monday for Wall Street - BusinessWeek: "The ugliness was widespread,

Three Weeks of Financial Turmoil - Interactive Feature - NYTimes.com

In class this afternoon (after the collapse) I said that finance classes will be studying this past month for the next fifty years. So I guess there is no time like the present to begin. Three Weeks of Financial Turmoil - Interactive Feature - NYTimes.com--It is an interactive look at three weeks of news stories, from the Freddie and Fannie to today's sell off. EXCELLENT!!! Videos, news

What do we know about Warren Buffett?

I am continually reminded in class how many college students know next to nothing about arguably the world's most famous investor. So when the WSJ's Wallet blog reported a few items on his personal finances, I jumped at the opportunity to send readers in that direction:The Wallet: "...what are Buffett’s personal finances like? Our esteemed colleagues at Deal Journal have been tirelessly

Congressional leaders say bailout deal is near - CNN.com

Congressional leaders say bailout deal is near - CNN.com: "Under the tentative deal being finalized, the rescue program would be overseen by a board including the treasury secretary, secretary of commerce, head of the Securities and Exchange Commission and chairman of the Federal Reserve, said Sen. Kent Conrad, R-North Dakota, who heads the Senate Budget Committee.According to Conrad, $700

Thomas Friedman "Hot, Flat and Crowded" | Salon

We can argue how much pure finance this is, but Thomas Friedman has a new book out. I have not even seen it, but was profiled in Salon. In it he suggests the industries and fields in which we should be investing. Now I have trouble with anyone telling me where people should be investing (the market will usually get it), but the interview is interesting and I am fairly sure I will be buying the

The end of investment banking as we know it?

Do you remember the old REM song "It's the end of the world as we know it"? Well they could have been singing about this past week in finance (except the feeling fine part maybe...). The latest manifestation is the news of yesterday that Morgan Stanley and Goldman Sachs begun the process to convert to a bank holding company. The move will bring them under the protection, but also the

From SSRN, The Financial Economics Network, and the American Finance Association

Free is too good of price to pass up!In cooperation with the American Finance Association (AFA), the Financial Economics Network (FEN) is pleased to announce the American Finance Association 2009 Meetings Abstracting eJournal. This abstracting eJournal is available to all subscribers at no charge and contains abstracts of the meeting papers with links to the full text within the SSRN

Why no posts...

ok, thanks for the concern folks, I am fine...just been on the road for a finance club trip, then a weekend in NYC (yes I saw a Yankee game), plus busy with BonaResponds local weekends weekends--we are building two homes--and a local wind storm downed trees and gave us some chain saw work. Which is a long way of saying, I am back and ready to begin blogging again. In class today we reviewed

2002's News, Yesterday's Sell-Off - washingtonpost.com

2002's News, Yesterday's Sell-Off - washingtonpost.com: "A six-year-old article mistakenly seen by Bloomberg financial news users ....reported the bankruptcy of United Airlines and triggered a massive sell-off that nearly obliterated the company's stock in a matter of minutes.The light-speed wipeout is a powerful reminder of how quickly bad information can spread via the Internet to a

Why It's Wrong to Hold Too Much of One Stock - WSJ.com

Why It's Wrong to Hold Too Much of One Stock - WSJ.com: "hey think they're reducing risk and optimizing gains by following the adage, 'Invest in what you know.' Yet too much concentration in one stock actually increases risk...David Hirshleifer, a finance professor at the Paul Merage School of Business at the University of California, Irvine, says people have a natural tendency to like things

Mini-case on Cerberus from NY Times

Investments Are Faltering in Chrysler and GMAC - NYTimes.com: "...for Cerberus, named after the mythological three-headed dog who guards the gates of hell, the news keeps getting worse.On Wednesday, Chrysler, which owns the Jeep and Dodge brands, said its sales in the United States fell by a third in August ....The same day, GMAC, in which Cerberus holds a 51 percent stake, said it was trying to

Big commodities hedge fund shuts down - Daily Briefing

Big commodities hedge fund shuts down - Daily Briefing: "Tumbling commodities prices have claimed a big victim. Ospraie Management is shuttering its biggest hedge fund after a 27% plunge last month, The Wall Street Journal reports, following a series of wrong-way bets on oil and natural gas, among others. The fund, run by Julian Robertson disciple Dwight Anderson has been selling off its holdings

Fed Official Says Institutions Must Be Allowed to Fail - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

Fed Official Says Institutions Must Be Allowed to Fail - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times: "The president of the Federal Reserve Bank of Kansas City, Thomas M. Hoenig, said on Monday that for economies to work best, institutions must be allowed to fail.Economies must “find a balance between financial stability and a stable price environment and in

A Cool August for I.P.O.s - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

The number and size of Initial Public Offerings (IPOs) vary a great deal from month to month. Last month was not a good one for IPOs across the globe.A Cool August for I.P.O.s - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times: "The Wall Street Journal noted that the global I.P.O market saw the lowest number of deals in August since Dealogic began compiling the