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Will Week of Controversy Undermine Financial System Overhaul That Calls for Broad Expansion of Central Bank’s Power?

Posted on June 29th, 2009 in Apple, BAC, Bed Bath & Beyond, Ben Bernanke, Bernanke, Bloomberg, Boeing, BofA, Congress, Federal Reserve, Merrill, Merrill Lynch, Obama, Oracle, Sinopec, US Congress , , , , , , , , , , , , , , ,

Documents brought to light by key by congressional investigators hightlight real disagreement between top-level U.S. Federal Reserve officials about how it should address the Bank of America Corp.(NYSE: BAC) acquisition of Merrill Lynch & Co. Inc. are almost certain to fuel the ongoing congressional debate over the central bank’s push to expand its authority over the U.S. financial system.

More on this topic (What's this?)
JIM GRANT SAYS THE FED KNOWS NOTHING (THE PRAGMATIC CAPITALIST, 7/18/10)
Is the Fed Happy with the Crappy Economy? (naked capitalism, 7/9/10)
Summer Rerun: The Fed: The Need for a Paradigm Shift (naked capitalism, 7/25/10)
Read more on Federal Reserve at Wikinvest
Published by Bapcha Murty // Comment now »

Merrill Lynch – smart or stupid ?

Posted on July 29th, 2008 in CDO's., John Thain, MER, Merrill Lynch, Temasek

Merrill Lynch unloaded some $30.6 Billion in distressed CDO’s for 22c/$ to Lone Star, and issued $8.5 Billion in equity. The biggest buyer was Singapore’s Sovereign wealth fund – to the tune of $3.4 Billion. I think that while John Thain wanted to get Merrill on track as quickly as possible, twenty two [...]

Published by Bapcha Murty // Comment now »

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