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Should hedge funds be required to report their short positions, daily?
Where there was dread, there's now a ray of hope: At least that's how some traders were talking at the end of the day Thursday, after the stock market rocketed 300 points in the final hour, the mirror opposite of Wednesday's frightening performance. Going into Friday, traders say there may be some positive follow-through, based on the course of news from Washington overnight.
(That's Balance Sheet, of course.) As Morgan Stanley, Genworth, State Street, WaMu and others are feeling the squeeze, I feel the need to dispel some myths that are crippling Wall St. and arguably the world.
Now everyone has a plan! We've gone from no ideas to plenty of ideas on how to deal with the current crisis. No less than TWO plans appear to be in the works, and there may be more:
Stocks whipsawed back into positive territory after regulators in the US and Europe took aim at short sellers and progress continued toward resurrecting the Resolution Trust Corporation to dispose of bad bank assets.
The Dow rallied 250 points shortly after 1 pm ET when the UK government announced they were banning short selling in financial stocks until January, and would require hedge funds to reveal their short positions.
Treasury Secretary Henry Paulson is working on a plan that would set up a government facility to take on bad debts from financial institutions, preventing a worsening of the global credit crisis, Wall Street sources have told CNBC.
If the usual suspects aren't responsible for hurting Goldman Sachs and Morgan Stanley, then who is?
As investors bail out of stocks and other types of "paper" assets, they're pouring into tangible investments—namely oil, gold and other metals.
Crises: Lehman, Merrill, AIG, Goldman Sachs and Morgan Stanley. What does it all add up to? Possibly the death of capitalism, says Paul Donovan, senior international economist at UBS.
The experts have their say on whether any investment banks can go it alone.
Wall Street has a had a wild ride this week, from the bankruptcy filing of Lehman Brothers Holdings to the government rescue of American International Group , investors have had plenty of news to digest.
Many investors are wondering what’s next for Goldman Sachs, a firm some on Wall Street consider to be in a league of its own...
Morgan Stanley -- one of the two last independent, U.S.-based investment banks -- is in advanced merger talks with Wachovia Bank, according to sources close to the company.
The Lehman bankruptcy sent waves of asset sales and capital raises throughout the system. One of the early casualties was the "Breaking-Of-The-Buck" at the Primary Reserve money market fund. However, there are numerous other ripples.
Seeking to avoid the kind of fate that led Lehman Brothers and Bear Stearns to collapse, John J. Mack, Morgan Stanley’s chief executive, made an unsuccessful effort to persuade Citigroup’s chief executive, Vikram S. Pandit, to enter into a combination, The New York Times reported.
The Fed, the European Central Bank, Bank of England, Bank of Japan, Bank of Canada, and the Swiss National Bank are all pumping dollars into the global system. Fed made an additional $180 billion available to central banks to lend out.
The SEC is attempting to throw a curve at short sellers. Chairman Cox is asking the Commission to CONSIDER a disclosure rule that will require hedge funds and other large investors to disclose their short positions.
The U.S. government can't let Washington Mutual fail, according to Dick Bove of Dick Bove, Ladenburg Thalmann.
Crazy bets on market volatility and a big move in Morgan Stanley ... That's what the options market seems to be looking for, according to Rebecca Darst of Interactive Brokers.