Archive for March, 2009
Roubini Looks at Insolvency Regime for Non-Banks and Holding Companies
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Major financial institutions, like Bear Stearns and AIG are demostrating their enormous potential impact on the US and even global economies. However, there is little or no coordinated supervision or insolvency path should they begin to fail.
US Treasury Secretary Timothy Geithner begin revealing his plan for a “new era of [...]
Are We in an Economy Where Low Mortgage Rates Don’t Matter?
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24/7 Wall Street presents and interesting angle on the role of mortgage rates in recovering the housing market. Are we in an economy where factors and anxiety around unemployment and investment make it such that mortgage rates are too much at any cost?
While some data shows that housing may be finding a bottom, [...]
Roubini Still Predicting Rough Road Ahead for Stock Market and Banks
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Roubini, professor at NYU’s Stern School of Business and the chairman of consulting firm Roubini Global Economics, tells Bloomberg that banks are not out of the woods yet. The infamous doomsdayer of the impending mortgage crisis in 2004, is cautioning investors and economist on reveilling in the euphoria of optimist [...]
GM Banruptcy-Good for the Economy, but Bad for Management?
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An interesting opinion piece in the Wall Street Journal, penned by Harvard Law School professor Mark J. Roe, argues that putting GM into Chapter 11 bankruptcy may not be as scary as GM management might want you to think:
General Motors Corp. is back in Washington, this time asking for $12 billion to add [...]
