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Daily Archives: October 10, 2008

Sad_clown

Dow 7,000 May Make Sense

Posted: October 10, 2008 at 5:21 am

While no one would have imagined several weeks ago that the Dow could drop to 7,000, it may make sense and could build a base from which the markets might ...
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Angrybear

Merrill Lynch (MER), Wachovia (WB), And Morgan Stanley (MS) Deals Could Fail

Posted: October 10, 2008 at 4:10 am

A few days ago, it would have been nearly impossible to believe that the deals for Bank of America (BAC) to buy Merrill Lynch (MER), for Mitsubishi UFJ to buy ...
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Aig

Borrowing By Banks And AIG (AIG) Hits Extraordinary Levels

Posted: October 10, 2008 at 3:34 am

AIG (AIG) moved rapidly to sell assets and borrowed heavily from it US government loan. According to The Wall Street Journal, "The insurer has now borrowed $70.3 billion from the ...
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Treasury

Government May Back US Bank Debt And Deposits: Too Little, Too Late

Posted: October 10, 2008 at 3:04 am

In a move which may end up trying to save the US banking system, the Treasury is considering backing all bank deposits and guaranteeing billions of dollars in bank debt.The ...
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Newspaper

Media Digest 10/10/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 10, 2008 at 2:54 am

According to Reuters, the US is looking at guaranteeing billions of dollars of bank debt and temporarily insuring all bank deposits.Reuters reports that Citigroup (C) has ended talks about taking ...
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China

Asia Markets 10/10/2008 Indexes Collapse

Posted: October 10, 2008 at 2:15 am

Asia markets were very sharply lower.The Nikkei was off 9.6% to 8,276. The Hang Seng was down 7.3% to 14,694.The Shanghai Composite dropped 3.5% to 2,001.The German DAX fell 10%. ...
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