Quantcast

Daily Archives: August 9, 2008

Data

Banks Buying Back Auction-Rate Securities: More Write-Downs? (C)(WB)(UBS)(MER)(MS)

Posted: August 9, 2008 at 11:29 am

Now that Citigroup (C), UBS (UBS), and Merrill Lynch (MER) have agreed to buy back a total of about $40 billion in auction-rate securities, Wall St. will have to hazard ...
Read Full Story »
Mbia

MBIA (MBI) And Ackman: Killing The Messenger

Posted: August 9, 2008 at 8:34 am

MBIA's (MBI) corporate slogan "Wisdom In Action" presents a monumental irony. Management's gamble that derivatives were a good way to pop earnings nearly ruined the company. The firm was, after ...
Read Full Story »
House

Bank of America (BAC) Acquires SEC Investigation As Part Of Countrywide Deal

Posted: August 9, 2008 at 5:49 am

The SEC informal investigation of Bank of America's (BAC) recently acquired Countrywide Financial has been in progress for months and now there's a new development. And it's not good for ...
Read Full Story »