Archive for September 17th, 2008
“Panic” sets in to the debt markets part 2
17 September 2008In July 2007, I thought I knew what panic looked like (see prior post “‘Panic’ sets in to the debt markets” July 29-07). But today, institutions decided that they were done with the “paper” they had come to love over the years. A utiliiy’s commercial paper? Take it back. Banks? [...]
Wacky times present unique opportunities
17 September 2008If it is good enough for Bank of America’s (BAC:NYSE) Ken Lewis, it is good enough for Canada’s CEOs. I know the last “Big Idea” didn’t get any traction (see prior post “Put Citigroup out of its misery” June 26-08), but it is time to put the thinking caps on again. To whit:
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U.S. Fed sets the new standard for bridge loan pricing
17 September 2008From time to time, lenders hear a complaint or two about the cost of a loan. Compared to the price of equity, debt is always quite inexpensive, mind you, but consumers would always prefer to pay less than more.
Context is always important, however, when trying to size up your choices. Citibank’s last big [...]
Economic Times falls for fake Fuld letter to Buffett
17 September 2008It seems that a journalist at India’s Economic Times is convinced that our “artistic licence” Fuld blog (see prior post “From the desk of Dick Fuld, Lehman Brothers CEO” July 17-08) might have been for real:
NEW DELHI: Failed US investment banker Lehman Brothers, voted the best in the business many times, is rumoured to have [...]