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Blogs about MER

Blogs	Description	Date Updated
It's Citi and Wachovia & Ken Lewis Overpaid	CNBC's Charlie Gasparino this morning called the merger "like two ugly girls kissing". Press ReleaseThe WSJ ReportsCitigroup Inc. agreed to acquire Wachovia Corp.'s banking operations in another deal orchestrated by the federal government -- this time by the Federal Deposit Insurance Corporation and one in which the agency could be on the hook for loan losses.The Federal Reserve and Treasury Department were also part of the effort, another sign of how proactive the government has been in preven...	September 29, 2008
Wow....Bye, Bye Lehman and I (to American Pie Music)	This is a classic... From the FT:Click here for music to go along with wordsA long, long time ago,I can still remember,How much wealth there was in the Square Mile,And I knew that if I had my chance,I could make it in finance,And maybe I’d have money for a while.But subprime assets made me shiver,With every product I’d deliver,Bad news in the press(es),Just look at those CDSs.I can’t remember if I cried,When my salary was pushed aside,But something resounded worldwide,The week the IB died....	September 20, 2008
Kass Defends the Short Sellers	Doug Kass must annoy those who attack short sellers. He uses these annoying things like facts to prove them wrong. Kass discusses Lehman (LEH), Merrill (MER), Morgan Stanley (MS) Disclosure ("none" means no position):NoneVisit the ValuePlays Bookstore for Great Investing Books Enter your Email Preview \| Powered by FeedBlitz...	September 20, 2008
SEC Bans Short Sales....For Now	Yes, stock will rise but it is a bit like celebrating a touchdown when the other team is not allowed to play defense. The SEC has banned short sales in 799 institutions from midnight Friday, until Oct. 2nd (unless extended).Said the order:As a result of these recent developments, the Commission has concluded that there continues to exist the potential of sudden and excessive fluctuations of securities prices generally and disruption in the functioning of the securities markets that could threate...	September 19, 2008
In Case You Haven't Heard	With all the myopic focus on Merrill (MER), Lehman (LEH), AIG (AIG), Fannie (FNM), Freddie (FRE) the last 2 weeks days, there are some other things going on.. - Did you hear about Ike? Can't help but notice the apathy in the media towards those affected- Oil looks to fall below $90- ABC's Brian Ross appears to think Sarah Palin is the only candidate in the election.- The NFL Season has started (Thank God).....- The Yankees season is officially over..... - Housing? Still sucks...Disclosure ("none...	September 17, 2008
AIG Lives Another Day, Shareholders, Not So Much	It's official, AIG (AIG) will not go under. Here are the details... Fed ReleaseThe Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under section 13(3) of the Federal Reserve Act. The secured loan has terms and conditions designed to protect the interests of the U.S. government and taxpayers.The Board determined that, in current circumstances, a d...	September 16, 2008
Goldman Reports: Good/Bad News	So, the "King of the Hill" for investment banks reported this morning and Goldman Sachs (GS), is still at the top of the heap, it is at the top of a much smaller heap. Goldman reported "net revenues of $6.04 billion and net earnings of $845 million for its third quarter ended August 29, 2008. Diluted earnings per common share were $1.81 compared with $6.13 for the third quarter of 2007 and $4.58 for the second quarter of 2008. Annualized return on average tangible common shareholders' equity (1)...	September 16, 2008
Cramer’s Take On Finanicals	Jim Cramer told viewers of his “Mad Money” TV show that the demise of Lehman Brothers (LEH), Merrill Lynch (MER) and American International Group (AIG) shows the need for market transparency and the problems of CEOs with arrogance and denial. Cramer explained that had Lehman or AIG been more transparent their situations might have had a different outcome. He pointed out that both CEOS, Dick Fuld and Robert Willumstad didn’t disclose how bad their mortgage exposure was and both ...	September 16, 2008
Fed Rate Cut Tomorrow? Why?	What would a rate cut solve? MarketWatch Reports:The Federal Reserve will cut its target overnight borrowing rate by a half percentage point to 1.50% at its meeting tomorrow, said Merrill Lynch economists David Rosenberg and Drew Matus in a note Monday. "In the current environment, the Fed may feel the need to get in front of the situation with a more aggressive move" instead of the standard quarter-point reduction, they said. Merrill (MER 19.30), one of the 19 primary security dealers that trad...	September 15, 2008
Ross Says 1,000 Banks Go Under (video)	Wilbur Ross on Sunday talking Lehman (LEH), Merrill (MER) and Bank of America (BAC). Disclosure ("none" means no position):NoneVisit the ValuePlays Bookstore for Great Investing Books Enter your Email Preview \| Powered by FeedBlitz...	September 15, 2008

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