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 | Blogs > mrex > Yet Another Blog > What is happening? |
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These names were much discussed this year. Is the US and the rest of the world facing turbulent times going forward? Bear Stearns: The Bear Stearns Companies, Inc., based in New York City, was one of the largest global investment banks and securities trading and brokerage firms prior to its collapse in 2008.... Bear Stearns was founded as an equity trading house in 1923 by Joseph Bear, Robert Stearns, and Harold Mayer with $500,000 in capital. The firm survived the stock market crash of 1929 without laying off any employees... Freddie Mac & Fannie Mae : As of 2008, Fannie Mae and Freddie Mac own or guarantee about half of the U.S.'s $12 trillion mortgage market.. On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were being placed into conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action is "one of the most sweeping government interventions in private financial markets in decades".. Lehman Brothers: ? The Silver State Bank of Nevada: ? (The text in italics were taken from wikipedia.) VASHALAN |
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9/13/2008 3:53 am |
good information....  
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9/13/2008 9:09 am |
US$12Trillion  Only those with an open mind Will embrace changes in their life
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9/13/2008 11:02 am |
good information.... Kautilya would see the complete picture and not bits of information  VASHALAN
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9/13/2008 11:20 am |
US$12Trillion VASHALAN
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9/15/2008 10:24 pm |
Merryl Lynch, AIG.. Now there is talk of Fed cutting rates even by 50 bps. It might give some consolation to the markets if it is not already factored in. But that is only going to buy some more time. Such an action is likely to make matters worse in the medium to long term. Someone who knows about these things may be able to tell better. My ideas are essentially collected from different news items. VASHALAN
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10/13/2008 10:30 am |
Paul Krugman wins Nobel prize in Economics. He is a US economist and a celebrated New York Times Op-Ed columnist. He is one of those who predicted the collapse of the housing bubble in the past. I used to read his column in the past. Much happened after I posted this initially. I am adding the small part about Paul Krugman in this blog. His column got me interested in this topic sometime back in the past. VASHALAN
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