by mark000 https://en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008 The Economic Stimulus Act of 2008 (enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or …
by dbc13543 Back in 2008 the first massive sign of distress appeared in mid-March with the fall of Bear Stearns. While many other dominoes fell in 2008 after the failure of Bear Stearns, there wasn’t a full-blown crash and crisis …
by kindred_asura In March 2008, the New York Federal Reserve provided an emergency loan to try to avert a sudden collapse of Bear Stearns. The company could not be saved, however, and was sold to JPMorgan Chase for $10 per share, a price far below its pre-crisis …
CREDIT SUISSE IS EXAMINING WAYS TO ACCELERATE COST CUTS AS REVENUE OUTLOOK DETERIORATES, LIKELY TO INCLUDE MORE JOBS THAN PREVIOUSLY ANNOUNCED FOR FIRST WAVE – SOURCES. $CS — FinancialJuice Stocks (@FJ_Stocks) December 1, 2022 Meanwhile credit suisse… pic.twitter.com/AXJEFn07Am — Alessio …
by Martin Armstrong https://youtu.be/V9EbPxTm5_s This is a reminder of why I warn against listening to the talking heads. Unlike advanced AI software, these mouthpieces speak from a biased perspective. On March 11, 2008, Jim Cramer told his audience on CNBC’s …
by laflammaster https://www.fitchratings.com/research/structured-finance/fitch-takes-various-actions-on-already-distressed-bonds-in-two-us-cmbs-transactions-21-01-2022 https://www.fitchratings.com/research/structured-finance/fitch-takes-various-actions-on-already-distressed-bonds-in-two-us-cmbs-transactions-21-01-2022
The gap or spread between high yield debt (junk bonds) and investment grade corporate bonds is now the most narrow it has been since 2007. And what happened in 2007? A number of hedge funds owned by former famous investment …