An Austrian Nightmare…
Every morning my Blackberry starts blowing up at about 5:45 am with overnight headlines and every morning I feel like I am having a continual nightmare. Luckily I usually don’t have any actual nightmares while my body enjoys the the peace and quiet that is known as REM.
This mornings nightmare listed below.
US stocks sink to lowest since 1997
Feb 23 2009 22:00
US stocks hit their lowest level since 1997 as investors took scant comfort from the prospect that Washington would increase stakes in key lenders without nationalising the institutions outright
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http://link.ft.com/r/M2ZOXX/JOUL7/102FY/AN6Z9/V4WAM/AZ/t
AIG wants new loan terms, again. Sources say AIG (AIG) is looking to overhaul its $150B government bailout to reduce its financial burden, and in the process would further expose taxpayers to the troubled insurer’s balance sheet. The new plan would have $60B of the government’s loan repaid with a combination of debt, equity, cash and operating businesses (The Wall St. Breakfast).
Hedge funds face off on more regulation. One of the world’s largest hedge fund groups is ready to propose new measures that would push money managers to open up their businesses. The Alternative Investment Management Association, a U.K. group with members in the U.S. and many other countries, could release a proposal as early as today suggesting hedge fund managers take such steps as registering with regulators and having regular contact with authorities about their businesses.
UBS casts a long cloud over bourses
Feb 23 2009 23:46
UBS fell sharply on Monday as questions continued to be raised over the long-term future of Swiss private banking
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http://link.ft.com/r/M2ZOXX/JOUL7/102FY/AN6Z9/2EQX4/AZ/t
Japan’s buyer of last resort
Government mulls share-buying spree.
Email when ready
http://link.ft.com/r/EB8122/S5O6Z/QPLX2/DU0MK/1IEXM/6C/t?a1=QPLX2
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