Recent Fully Deluded News
Fed To Pay Interest on Required and Excess Reserves
Posted from Alea 6 hours ago
Fully Deluded : Hedgie
The Federal Reserve Board announced that it will begin to pay interest on depository institutions’ required and excess reserve balances. The payment of interest on excess reserve balances will give the Federal Reserve greater scope to use its lending programs to address conditions in credit markets while also maintaining the federal funds rate close to [...] (original story)
Cramer: Dow Could Drop Another 14%, Oil's Going to $50
Posted from Jim Cramer's Stock Picks fr... 6 hours ago
Fully Deluded : Market
From Jim Cramer in New York magazine (emphasis added):What will New York look like a year from now? The answer: bad and probably worse, and perhaps downright catastrophic. Three degrees of awful. The first step was passing the bank-bailout legislation. Now that it’s done—and if it didn&r... (original story)
Nitpicking
Posted from Dealbreaker 6 hours ago
Fully Deluded : Hedgie
I know it's a lot to ask but I think Waxman's argument would be made a bit stronger if, when listing all the shit the Fulds bought with "other people's money," he didn't include toys that Dick's wife is in the process of selling off, like the millions of dollars worth of art. One of the points that... (original story)
The Main Event
Posted from Dealbreaker 7 hours ago
Fully Deluded : Hedgie
Waxman, having waxed poetic and having sharpened his disemboweling cutlasses, calls a three minute recess, and then calls for His Fuldness. Stay tuned. Fuld after the jump. (original story)
Dick Fuld TV Today
Posted from Paul Kedrosky's Infectious ... 7 hours ago
Fully Deluded : Techno
In about 10 minutes you'll be able to watch Dick Fuld of Lehman at Congressional hearings at this C-Span link. Should be amusing, and possibly market-moving. (original story)
Citi Still Not Over Wachovia-Wells Deal
Posted from Dealbreaker 7 hours ago
Fully Deluded : Hedgie
Citi has officially filed a complaint against Wachovia, Wells Fargo, and the heads of both companies. Count Vikula is seeking more than $20 billion in compensatory damages and more than $40 billion in punitive damages from WFC for "tortious interference" with Citi's contract with Wachovia, as well ... (original story)
Podcast: Origins of the Housing & Credit Crisis
Posted from The Big Picture 7 hours ago
Fully Deluded : Market
> I did a podcast with James Reese of Radio Economics James and I had three prior interviews between September 2005 and February 2007. You can listen to them here or at the iTunes Music Store. How accurate were these forecasts -- about markets, the economy, housing, lending and credit? Sources: Barr... (original story)
Where The Hell Is Dick Fuld?
Posted from Dealbreaker 7 hours ago
Fully Deluded : Hedgie
As previously stated, today is Dick Fuld's official coming out day, and no one is more excited than us. And yet, The Gorilla is nowhere to be found. Sure, he'll show his face eventually when the opening act of Nell Minow and the Minowettes get finished but as anyone who's ever taken part in (or heard of) a roast knows, you don't wait in the wings while various individuals denigrate you in public, you sit front and center and take it. Honestly, I'm actually mad about this. Rep. John Sarbanes (D-MD) just asked "If you are Richard Fuld, how do you lose all common sense?" and we should have see... (original story)
Bush: "Nice To Be Here In San Antonio"
Posted from Dealbreaker 7 hours ago
Fully Deluded : Hedgie
Bushie just addressed the press re: bailout, from a San Antonio car dealership. He said the above, and added that it will take "a while" for the bailout to take effect. (original story)
Dow (below) 10,000: Stock investors continue to discover that there's a financial crisis
Posted from TIME.com: The Curious Capit... 7 hours ago
Fully Deluded : Market
For the last few weeks the U.S. stock market has been a haven of relative calm in global financial markets. Seriously. I know it doesn't look calm, what with drops (and occasional increases) of 5+% becoming the order of the day. But instead of freezing up like credit markets, the stock market been f... (original story)
Jim Cramer: "I Don't Want To Yell Fire In A Crowded Room But...FIRE!"
Posted from Dealbreaker 8 hours ago
Fully Deluded : Hedgie
Jim Cramer was on the Today Show this morning, talkin' money. His advice, which he prefaced by saying, "I thought about this all weekend...I do not want to say these things on TV," and then did? "Whatever money you may need for the next five years, please take it out of the stock market right now... (original story)
An interesting distinction
Posted from Over the Counter 9 hours ago
Fully Deluded : Market
Sunday: German chancellor Angela Merkel says "we want to tell savers that their money is safe - the government guarantees that". Did she really mean it? The BBC has been investigating, and, apparently, she did not. It was just a... (original story)
Unfounded September Performance Rumors
Posted from Dealbreaker 9 hours ago
Fully Deluded : Hedgie
Unfounded, and yet totally plausible, and not even really that bad, relative to the ass bleeding months their friends have been having. Icahn LP: -9.27%, Perry: -7.95 %. (original story)
Contrary Cramer Buy Call ?
Posted from The Big Picture 9 hours ago
Fully Deluded : Market
> As I have said in the past, I don't like to harp on any one person. I also don't want to be a Cramer stalker. But DAMN if that headline doesn't smell like a giant buy signal. The market down 30%, the VIX spiking to 56, and Cramer giving a panicky SELL on TV this morning. We have a 9,500 downside t... (original story)
Fannie/Freddie CDS Auctions: Initial Results
Posted from Alea 9 hours ago
Fully Deluded : Hedgie
Fannie Mae Senior CDS: 92.4 with Net Open interest:$12 million to buy Fannie Mae Subordinated CDS: 92.65 with Net Open interest:$608 million to buy Freddie Mac Senior CDS: 93.75 with Net Open interest:$79 million to buy Freddie Mac Subordinated CDS: 93.80 with Net Open interest:$542 million to buy Source Creditex/Markit Add: Fannie, Freddie swaps may recover 92-94 pct area Email [...] (original story)
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