Showtime Articles

Bush - in answer to how high unemployment will go - "too high; anybody unemployed is too much"
::
NY FED Offers $50bln via TSLF Options Program
::
Bush - ...And I can't guarantee that we'll get all our money back, but it's conceivable we could"
::
Bush sat in room 4-5wks after AIG bailout Paulson, Bernanke urged action to avoid "depression greater than the Great Depression"
::
LEH's Neuberger sale getting less likely as bond issuance dries up
::
Citi will issue FDIC backed bonds; Proceeds for "corporate purposes"
::
Dow Futures Testing 8200
::
Equities Continue to Make New Lows, S&P Down 7.5% to 829
::
Shoppertrak Sees Further Slowing of Sales Levels This Week
::
Black Saturday Sales Fell 0.8% Compared to Black Saturday Last Year-- Shoppertrak
::
Combined Black Friday/Saturday Sales Increased 1.9% vs. Last Year
::
Paulson - Only if we have freedom to fail can we have freedom to suceed; need full suite of authority; need updated infrastructure to deal with CDS
::
Shoppertrak's Retail Traffic Index Fell 18% on Black Friday Compared to Black Friday Last Year
::
Paulson - we need to get to the place where no institution is too big to fail
::
Paulson - some of the things I have been part of have been very, very objectionable but necessary
::
Paulson - We don't want to rush to quick conclusion on changes; need to get thru the problems first
::
Paulson - so much of the mortgage product was poorly underwritten was done at state level
::
Paulson - globally architecture is woefully outdated; more needs to be done there; need to understand global imbalances, huge flows of capital
::
Paulson - FED should have macro-stability role; ability to look at hedge funds; there would need to be some charter for hedge funds
::
Paulson - very clear U.S. regulatory system outmoded, outdated; lack of authorities to deal w/ non-banking institutions
::

Showtime Articles from Automated Trader