Архив Форумов Its My Page

[JustVisiting]

Цитата: Bank of America Said to Reach $44 Billion Deal to Buy Merrill

By Jonathan Keehner and Bradley Keoun

Sept. 14 (Bloomberg) -- Bank of America Corp. reached a deal to acquire Merrill Lynch & Co. for about $44 billion, the Wall Street Journal reported, after shares of the third-biggest U.S. securities firm fell by more than 35 percent last week and smaller rival Lehman Brothers Holdings Inc. neared bankruptcy.

The boards of Merrill and Bank of America approved the transaction this evening, the Journal reported, citing unnamed people familiar with the matter...

http://www.bloomberg.com/apps/news?pid=20601087&sid=alGoI3fTq1Us&refer=home

[JustVisiting]

Цитата: AIG planning big spinoff
Nation's largest insurer will unveil restructuring effort on Monday - may sell aircraft-leasing arm, according to Wall Street Journal.

NEW YORK (CNNMoney.com) -- American International Group, the nation's largest insurer, plans to unveil a restructuring plan as soon as Monday morning that will include selling off part of its business to raise cash and boost investors' confidence, according to a published report.

It is likely to sell its annuities unit and shed its domestic automotive business, the Wall Street Journal reported Sunday. It may also look to dispose of its aircraft-leasing arm, International Lease Finance Corp., which has a fleet of more than 900 airplanes valued at more than $50 billion...

http://money.cnn.com/2008/09/14/news/companies/AIG/?postversion=2008091420

[dude]

http://money.cnn.com/2008/09/14/news/economy/source_of_the_crisis.fortune/?postversion=2008091423

Wall Street's troubles are yours, too
Lehman, Merrill - even Goldman - got levered up to their eyeballs during the boom. Now they, and the rest of us, are paying the price.
By Colin Barr, senior writer
September 14, 2008: 11:07 PM EDT

NEW YORK (Fortune) -- In the end, the weight of the housing collapse was too much for the weaker players in an over-leveraged U.S. financial sector to bear.

Sunday evening brought ominous tidings. Lehman Brothers is likely to be liquidated after officials at the Federal Reserve and Treasury failed to line up a buyer. But what's likely to be more distressing for investors around the globe are the reports that Lehman is far from the only U.S. financial titan that stands in need of help.

Bank of America (BAC, Fortune 500) - an early favorite in the bidding for Lehman, before the Charlotte-based bank pulled out of that competition - is poised to purchase Merrill Lynch (MER, Fortune 500), the No. 3 U.S. brokerage firm.

And struggling insurer AIG (AIG, Fortune 500) is reportedly preparing to announce on Monday a deep restructuring that will result in the sale or spinoff of lucrative businesses such as International Lease Finance, the aircraft-leasing firm AIG bought a decade ago under the rein of former chief Hank Greenberg.

The sale of Merrill and demise of Lehman would reduce the number of independent firms on Wall Street to two - Goldman Sachs (GS, Fortune 500) and Morgan Stanley (MS, Fortune 500) - from five at the beginning of the year. Bear Stearns collapsed in March and was sold at a token price to JPMorgan Chase (JPM, Fortune 500).

The news that Lehman is near dissolution, and that Merrill and AIG are on the verge of big changes as well, sent the futures markets tumbling. Futures on the Dow Jones Industrial Average tumbled more than 300 points Sunday evening.

Even as shares in the U.S. banking sector tumbled last week, the broader market has remained fairly resilient. The S&P 500 rose modestly last week, in spite of the plunges in AIG, Merrill and Lehman and the nationalization of two onetime index constituents, Fannie Mae and Freddie Mac. That resiliency seems likely to fade.

The common threads among Lehman, Merrill and AIG - and at dozens of other financial firms across the nation - start with their dealing in securities tied to the U.S. mortgage market, and their rapid expansion in recent years via the use of leverage.

All three firms have taken billions of dollars of mortgage-related writedowns: Lehman recently announced a nearly $4 billion third-quarter loss, while Merrill has taken tens of billions of dollars in losses on collateralized debt obligations, the risky debt Wall Street was peddling during the height of the housing boom.

Over the past three quarters, AIG has recognized some $25 billion in writedowns tied to the firm's promises to guarantee the mortgage-backed debt issued by others.

But if the firms made bad bets on mortgage-related securities - and all three made lots of them - something else that's striking is the degree to which the companies simply expanded their balance sheets in a bid to grab lush profits without taking precautions to make sure they could shoulder any losses that arose.
This diet will hurt

In a sense, the firms got fat during the housing bubble that sprung up in the early part of this decade, by trading debt tied to the massive expansion of consumer indebtedness in America, and they - and pretty much everyone else in this country - are now paying the price for it.

"The problem that has overcome the economy has its most recent roots in the creation of nearly $7 trillion of new residential real estate and consumer debt during the first 6 years of this decade," Daniel Alpert, managing director at investment bank Westwood Capital in New York, wrote in March. "Simply put, this level of debt creation was unprecedented - more than doubling the amount of homeowner and consumer (credit card and auto loan debt, for the most part) debt that existing at the end of 1999."

The brokers enjoyed the fruits of the debt explosion during the housing boom, posting record profits and strong growth as investors around the globe snapped up mortgage-backed securities that promised Treasury-like safety and better yields.

But the debt Wall Street was selling turned out to be less than safe - hundreds of bond issues have been downgraded as U.S. house prices began tumbling after a years-long runup - and it soon became apparent the firms had, like the investors in their mortgage-backed bonds, failed to take adequate precautions.

The expansion of leverage at all the Wall Street firms has been startling. At the end of 2003, Lehman had $13 billion in shareholder equity - a measure of net worth - and $312 billion in assets, which meant the firm had about $24 in assets for every dollar of equity on its balance sheet.

By the end of last year, Lehman's shareholder equity had risen to $22.5 billion, a 73% increase. But assets soared to $691 billion, a 121% increase - giving it nearly $31 for every dollar of equity.

Lehman's rising leverage has been much discussed as the firm's shares plunged into the teens and then into the single digits this year. But the same story has played out at Merrill, where assets doubled to $1.02 trillion in 2007 from $480 billion in 2003, even as shareholder equity only crept higher, to $32 billion from $29 billion.

And while Goldman Sachs especially, and Morgan Stanley to a lesser degree, have stood out as better-managed during the turmoil of the last year, it's not clear those firms will be able to avoid investors' wrath. Assets on Goldman's balance sheet nearly tripled over the past five years, hitting $1.12 trillion in assets at the end of 2007 against $403 billion in 2003, while shareholder equity merely doubled, to $42.8 billion from $21.6 billion.

While the turmoil in U.S. financial markets could turn frightening this week the good news - such as it is - is that no one can say the U.S. is repeating the Japan experience, in which recovery from a painful bust in the property and stock markets was deferred as the banking system failed to quickly write down bad loans and consolidate.

"Let's not make Japan's mistakes: No zombie banks, please," Westwood Capital banker Len Blum wrote in July. "When assets are overvalued, write 'em down."

Now if only recovery were that simple.

[gekkarp]

неужто наконец то кирдык? дождались? :kalbasa: :kalbasa: :kalbasa: :kalbasa:

[cusip]

все идет по плану. на Уолл Стрит про Мерила и Лемана говорили с весны. и про Фани с Фреди. странно что ФФ упали раньше первых двух.

немного удивляет AIG, и то не всех. у них дела шли не очень хорошо давно и многие подозревали что с капиталом не в порядке. CEO же вытурили.

WaMu себя плохо чувствует из больших. Wachovia колбасица, но у них с капиталом нормально, наверно переживут. у ФФ было плохо с капиталом. Мерил оч оч плохо купил кое-что в прошлом году.

[gekkarp]

главное чтоб холфудс и вегманс не закрылись.
всё остальное фигня по большому счёту

[cusip]

whole foods не в лучшем состоянии, у них продажи упали. еше был какой-то скандал с шпионажем, колбасит их

[JustVisiting]

cusip писал(а): whole foods не в лучшем состоянии, у них продажи упали. еше был какой-то скандал с шпионажем, колбасит их
:kalbasa:
Цитата:
Did Whole Foods CEO Blog Illegally?
Experts wonder whether his anonymous online postings deriding a smaller rival constitute a crime
...

http://www.cfo.com/article.cfm/9498129/

[gekkarp]

нет, только не холфудс!!!!
вот это будет катастрофа и вообще пипецъ

[ES]

gekkarp писал(а): нет, только не холфудс!!!!
вот это будет катастрофа и вообще пипецъ

да ладно, инфосеки-нищеебы тарятся в шоперсе :lol:

[gekkarp]

ES писал(а): gekkarp писал(а): нет, только не холфудс!!!!
вот это будет катастрофа и вообще пипецъ

да ладно, инфосеки-нищеебы тарятся в шоперсе :lol:
ну вот этого хотелось бы избежать

[ES]

а пилльмени в хол фудзе? как же так Гека, разве ты не инфосек?

[gekkarp]

ES писал(а): а пилльмени в хол фудзе? как же так Гека, разве ты не инфосек?
с когда это я стал инфосеком?
у меня ни айфона, ни гаджетов правильных, ни кружга ни дивана в оффисе.
я уже молчу о том что не командую мощным тимом из 2ух индусов (тут же прошу прощения у форумской общественности)

[ES]

а как же состояние души? :umnik: :hm:

[gekkarp]

ES писал(а): а как же состояние души? :umnik: :hm:
дом купилъ - состояния нету больше, есть тока долги :)

[dude]

gekkarp писал(а): ES писал(а): а пилльмени в хол фудзе? как же так Гека, разве ты не инфосек?
с когда это я стал инфосеком?
у меня ни айфона, ни гаджетов правильных, ни кружга ни дивана в оффисе.
я уже молчу о том что не командую мощным тимом из 2ух индусов (тут же прошу прощения у форумской общественности)
ну ты хотябы видел мозерати? или совсем так плохи дела?

[gekkarp]

кемря онли.
ну цыфффика еще

[ES]

Гека, а как же Нокиа? у тебя есть Нокиа, и ПС3 тоже :lol:

[gekkarp]

ES писал(а): ПС3 тоже :lol:
Это для ребёнка типа

[ES]

gekkarp писал(а): ES писал(а): ПС3 тоже :lol:
Это для ребёнка типа

хехе левая отмазка ;)

[gekkarp]

ES писал(а): gekkarp писал(а): ES писал(а): ПС3 тоже :lol:
Это для ребёнка типа

хехе левая отмазка ;)
та правда для ребенка.

[cusip]

смех смехом, а ситуация весьма печальная. есть сценарии такие что все ето выхлестнеца за пределы финансового сектора. и так капитал негде брать, а тут еше жестче станет

[dude]

cusip писал(а): смех смехом, а ситуация весьма печальная. есть сценарии такие что все ето выхлестнеца за пределы финансового сектора. и так капитал негде брать, а тут еше жестче станет

тоже мне проблема. будут использовать тулип балб как в далёком надцатом году :)

http://en.wikipedia.org/wiki/Tulip_mania

Goods allegedly exchanged for a single bulb of the Viceroy

Two lasts of wheat 448ƒ
Four lasts of rye 558ƒ
Four fat oxen 480ƒ
Eight fat swine 240ƒ
Twelve fat sheep 120ƒ
Two hogsheads of wine 70ƒ
Four tuns of beer 32ƒ
Two tons of butter 192ƒ
1,000 lbs. of cheese 120ƒ
A complete bed 100ƒ
A suit of clothes 80ƒ
A silver drinking cup 60ƒ
Total 2500ƒ

[JustVisiting]

dude писал(а): cusip писал(а): смех смехом, а ситуация весьма печальная. есть сценарии такие что все ето выхлестнеца за пределы финансового сектора. и так капитал негде брать, а тут еше жестче станет

тоже мне проблема. будут использовать тулип балб как в далёком надцатом году :)

http://en.wikipedia.org/wiki/Tulip_mania

Goods allegedly exchanged for a single bulb of the Viceroy

Two lasts of wheat 448ƒ
Four lasts of rye 558ƒ
Four fat oxen 480ƒ
Eight fat swine 240ƒ
Twelve fat sheep 120ƒ
Two hogsheads of wine 70ƒ
Four tuns of beer 32ƒ
Two tons of butter 192ƒ
1,000 lbs. of cheese 120ƒ
A complete bed 100ƒ
A suit of clothes 80ƒ
A silver drinking cup 60ƒ
Total 2500ƒ
А как так у тебя тока 158 сообщений? :shock:

[ES]

JustVisiting писал(а): А как так у тебя тока 158 сообщений? :shock:

Dude hit the top and his counter was reset :emotlol:

[dude]

JustVisiting писал(а): А как так у тебя тока 158 сообщений? :shock:
это наверное из-за коллайдера. что-то не нак столкнулось, цифры попадали :emotlol:

[Сто четыре с половиной]

Хм. Похоже у Дюда случился мессидж-бабл-коллапс ...

[Gastelllo]

у геки есть нокиа н800 и пс3, сомсунк - это явные признаки инфосега.

[ES]

Gastelllo писал(а): у геки есть нокиа н800 и пс3, сомсунк - это явные признаки инфосега.

+211 :umnik:

[gekkarp]

мааалчите нищасные. шо вы понимаете в нужных домашних гаджетах. это всё необходимо для домохозяйства

[Сто четыре с половиной]

Нехилo маркет просел сегодня.

Dow > 500 points down ...

[gekkarp]

а будет еще хуже :)

[Сто четыре с половиной]

Срочно нужен новый бубель.

[ES]

The Dow Jones Industrial Average fell 504.48 points, or 4.42% to 10917.51, the Standard & Poor’s 500 lost 58.17 points, or 4.65%, to 1193.53 and the Nasdaq Composite slid 81.36 points, or 3.60%, to 2179.91. The FOX 50 dropped 39.47 points, or 4.37%, to 863.37.

[Сто четыре с половиной]

А главное - совета спросить больше не у кого.
Кусип себя полностью дискредитировал.
Тупой - почти не появляется ..

Что делать ... ?

[ES]

Сто четыре с половиной писал(а): А главное - совета спросить больше не у кого.
Кусип себя полностью дискредитировал.
Тупой - почти не появляется ..

Что делать ... ?

ну у нас еще есть пара спецов, так что не все так плохо

[Сто четыре с половиной]

ES писал(а): Сто четыре с половиной писал(а): А главное - совета спросить больше не у кого.
Кусип себя полностью дискредитировал.
Тупой - почти не появляется ..

Что делать ... ?

ну у нас еще есть пара спецов, так что не все так плохо
Кто это ... ?

[gekkarp]

да есть один куркуль но он не палится

[cusip]

Сто четыре с половиной писал(а):
Кусип себя полностью дискредитировал.


чем? я уже давно советов не даю

[dude]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aCbDcNYTh_cI&refer=home

WaMu Rating Lowered to Junk by S&P on Mortgage Losses (Update3)

By Ari Levy

Sept. 15 (Bloomberg) -- Washington Mutual Inc., the biggest U.S. savings and loan, had its credit rating cut to junk by Standard & Poor's because of the deteriorating housing market.

[Hashish]

Merrill Lynch, Merrill Lynch... Херня из-под ногтей. Тут Century Pool Management обанкротился, город наводнен толпами студентов, которых кинули на месячную зарплату, и они всех ненавидят, готовы убивать и насиловать - вот это я понимаю, проблема.

[JustVisiting]

Станет ли спонсор Зенита спонсором МЮ, когда AIG умрет? :D



Цитата: AIG's Collapse Would Have Impact Around the Globe (Update1)
By Erik Holm and Christine Richard

Sept. 16 (Bloomberg) -- A collapse of American International Group Inc., the insurer seeking to raise as much as $80 billion, would have consequences for financial firms around the globe, analysts and investors said

Wall Street's top firms, and the biggest companies in Europe and Asia, have bought protection on $441 billion of fixed-income assets from AIG to guard their investments against potential bankruptcies. A failure by New York-based AIG may cause those protections to vanish. AIG also insures some of the largest assets in the world, doing business in more than 100 countries...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aP5rm0.62wqo&refer=home

http://money.cnn.com/2008/09/16/news/companies/aig_questions/?postversion=2008091612

[dude]

http://money.cnn.com/2008/09/16/news/companies/AIG/?postversion=2008091621

Fed in AIG rescue - $85B loan
Federal officials will take 80% stake in the nation's largest insurer in an $85 billion rescue plan to prevent financial chaos worldwide.

NEW YORK (CNNMoney.com) -- In a stunning turn, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening.

The Fed authorized the Federal Reserve Bank of New York to lend AIG (AIG, Fortune 500) up to $85 billion. In return, the federal government will receive a 79.9% stake in the company.

[Сто четыре с половиной]

Всех национализировать, к чертям собачим ... :twisted:

[dude]

тут "the big three" уже начали скулить "дайте денюх", интересно - дадут или нет? Будет забавно если GM купят китайцы :)

http://en.wikipedia.org/wiki/Robert_Lutz

[JustVisiting]

Цитата: ...
The ``punitive'' interest rate on the two-year loan ``makes it extremely clear that this is not a subsidy extended to keep the company afloat but rather a stranglehold that makes AIG unviable while ensuring that its obligations will be met,'' said Marco Annunziata, an analyst at UniCredit SpA, in a note to clients. ``This is to all extents and purposes a controlled bankruptcy.''
...
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6QAz6YiyRAI&refer=home

[Serg1]

http://www.nytimes.com/2008/09/26/business/26wamu.html?ref=us
Government Seizes WaMu and Sells Some Assets

[dude]

Withdrawals by customers ultimately sank WaMu: OTS
http://www.marketwatch.com/news/story/withdrawals-customers-ultimately-sank-wamu/story.aspx?guid={7F09D20B-7B91-48F1-98D6-E92F47C73FA7}&dist=hpts


ну что, кто там следующий на очереди?

[Сто четыре с половиной]

dude писал(а): Withdrawals by customers ultimately sank WaMu: OTS
http://www.marketwatch.com/news/story/withdrawals-customers-ultimately-sank-wamu/story.aspx?guid={7F09D20B-7B91-48F1-98D6-E92F47C73FA7}&dist=hpts


ну что, кто там следующий на очереди?
Надо было запретить withdrawals указом президента и неебет ...

[JustVisiting]

dude писал(а): Withdrawals by customers ultimately sank WaMu: OTS
http://www.marketwatch.com/news/story/withdrawals-customers-ultimately-sank-wamu/story.aspx?guid={7F09D20B-7B91-48F1-98D6-E92F47C73FA7}&dist=hpts


ну что, кто там следующий на очереди?
Wachovia?
Цитата:
Wachovia Slumps After WaMu's Seizure, Bailout Impasse (Update3)

By Linda Shen and David Mildenberg

Sept. 26 (Bloomberg) -- Wachovia Corp. and National City Corp. slumped after negotiations on the government's financial bailout stalled and Washington Mutual Inc. was seized by regulators and sold to JPMorgan Chase & Co.
...

http://www.bloomberg.com/apps/news?pid=20601087&sid=a06k7mrKNJUU&refer=home