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  The end of lightly regulated finance has come far closer - Martin Wolf - FT

  These are dramatic times. By Monday of this week, three of Wall Street’s top five investment banks – Bear Stearns, Lehman and Merrill Lynch – had disappeared as independent entities. The insurance group AIG is in serious trouble. What was, until recently, the brave new US financial system is ...

  Giorgio Bertini added 14 months ago

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  If Lehman collapses expect a run on all of the other broker dealers and the collapse of the shadow banking system - Nouriel Roubini's Global EconoMonitor

  It is now clear that we are again – as we were in mid- March at the time of the Bear Stearns collapse – an epsilon away from a generalized run on most of the shadow banking system, especially the other major independent broker dealers (Lehman, Merrill Lynch, Morgan Stanley, Goldman Sachs). If ...

  Giorgio Bertini added 14 months ago

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  Euro Pacific Capital

  In the latest example of financial market madness, the recent government “bailout” of Freddie Mac and Fannie Mae has perversely resulted in a sharp rise in the value of the U.S. dollar. If the markets were functioning rationally, the transference of staggering new liabilities to the U.S. ...

  Giorgio Bertini added 14 months ago

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  No Deal Reached Yet to Decide Lehman's Fate - WSJ, 13 sept

  A sense of optimism that a rescue could be arranged today dimmed as a growing sense of gloom descended on Wall Street. Executives from top banks in the U.S. and Europe huddled with federal regulators in an attempt to come up with plans to either buy pieces of Lehman or prepare for an orderly ...

  Giorgio Bertini added 14 months ago

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  Doubts on Lehman’s ability to reach deal - FT

  When Bear Stearns was rescued by JPMorgan Chase in March, bankers and regulators believed they had stopped the financial crisis from engulfing the rest of Wall Street. Exactly six months later, however, senior executives at Lehman Brothers are preparing for another frantic weekend of ...

  Giorgio Bertini added 14 months ago

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