A tática que o Lehman quer aplicar chama-se Bear Corner. Só a título de curiosidade: Uma tentativa de Bear Corner foi o estopim da crise de 1907.
By SUSANNE CRAIG
April 1, 2008
Lehman Brothers Holdings Inc. has unveiled its latest attempt to try to shake the shorts.
On Monday, the firm announced it plans to issue $3 billion [...]
(from www.wallstreetfolly.com)
Embarrassingly bad due diligence by a supposedly sophisticated investment banking firm?: As if Lehman Brothers isn’t already up to its eyeballs in problems, now they’re claiming that they were scammed out of $350 million in an elaborately staged swindle. They thought they were ultimately lending cash to a partnership backed by Japanese trading house [...]
By Sarah Jones
March 31 (Bloomberg) — UBS AG, Europe’s biggest bank by assets, may write down a further $11 billion in the first quarter and post a loss in 2008, according to Merrill Lynch & Co.
The brokerage also slashed its full-year earnings-per-share estimate for Credit Suisse Group, Switzerland’s second-largest bank, by 13 percent.
“We expect the [...]
Crise, que crise?
Estou preparando uma séria de posts sobre crises, tentando colocar o que aprendi sobre booms econômicos e “slumps”, sobre a forma como ocorrem etc. Estou tentando ser teoricamente consistente, evitando o “acho”. Então, leva tempo, que também é consumido pelo trabalho, pelos negócios paralelos em desenvolvimento, pela família - que é a melhor [...]
Mar 27th 2008
From The Economist print edition
A fund manager’s career has lessons for today’s investors
IF THE recent credit boom has taught us anything, it is that investors can be persuaded to forget about the risks when the returns look attractive. Sure enough, they are now paying the price.It is a lesson that Tony Dye, a [...]
LTCM Founder Has Tough Time
Stemming Losses at New Funds;
A Withdrawal Deadline Nears
By JENNY STRASBURG
March 27, 2008; Page C1
Ten years after overseeing a hedge-fund collapse that buckled the world’s financial markets, John Meriwether again is scrambling to stem losses and keep investors from jumping ship.
Mr. Meriwether is best known as a founder of Long-Term Capital Management, which in [...]
Officials Improvised
To Rescue Markets;
Will It Be Enough?
March 27, 2008; Page A1
The past 10 days will be remembered as the time the U.S. government discarded a half-century of rules to save American financial capitalism from collapse.
On the Richter scale of government activism, the government’s recent actions don’t (yet) register at FDR levels. They are shrouded in technicalities and [...]
Popular ‘Reverse Convertibles’
Offer Lucrative Payouts
But Could Cause Steep Losses
By ELEANOR LAISE
March 26, 2008; Page D1
Wall Street is luring income-hungry investors with complex securities that come with big risks as well as extravagant yields.
The products — called “reverse convertibles” — are typically linked to the performance of a single stock like Apple Inc. or AT&T Inc. and often [...]
Posted by Deal Journal
Who says book publishing is a slow-poke business? Only a few days after the meltdown at Bear Stearns, Bertelsmann AG’s Doubleday imprint has signed up a new book about the investment bank’s collapse and the troubles on Wall Street. “I was looking at my 401(k) plan on Friday and thinking there must [...]
By Whitney Tilson
Published: February 16 2008 02:52 | Last updated: February 16 2008 02:52
function floatContent(){var paraNum = “3″ paraNum = paraNum - 1;var tb = document.getElementById(’floating-con’);var nl = document.getElementById(’floating-target’);if(tb.getElementsByTagName(”div”).length> 0){if (nl.getElementsByTagName(”p”).length>= paraNum){nl.insertBefore(tb,nl.getElementsByTagName(”p”)[paraNum]);}else {if (nl.getElementsByTagName(”p”).length == 3){nl.insertBefore(tb,nl.getElementsByTagName(”p”)[2]);}else {nl.insertBefore(tb,nl.getElementsByTagName(”p”)[0]);}}}}
Dealing with uncertainty is always a key challenge for investors. But dealing with uncertainty doesn’t mean [...]