Archive - Apr 10, 2009 - Story

The list is enough to provide enjoyable weekend long reading. Easily some of the funniest stuff seen in a long time, yet somehow it makes its way straight to the FDIC's website. One wonders if all these entities were aware their e-mails would end up for public viewing and amusement, and if so whether they would have submitted them in the first place.

Among the more serious funds/companies/individuals are:

"Anyone who is doing anything sensible right now is either losing money or is out of the market entirely." These are the words of a quant trader, who is seeing something scary in the capital markets. Scary enough to merit a warning that we could be on the verge of another October 87, August 2007, or January 2008.

The Treasury is looking to hire BCG to assist with the plan for GM and Chrysler going forward. This is bound to spark outrage mostly because of the fees (up to $7MM) and also the feeling that the government is once again looking to pad the pockets of those capitalist fatcats.

• Fed tells banks not to divulge results of "stress test" ahead of earnings (Bloomberg)[question: which exactly SEC regulation is being trampled by this directive?]
• Surprise, surprise: Goldman to seek multi-billion stock offering (WSJ) [how many more banks will offer equity ahead of earnings, and ahead of stress test results?]
• Game of credit cost smoke and mirrors at wells fargo (