Category Credit crisis

More broadly, this isn’t a big surprise, but the timing of this coming after Bill Gross’s missive yesterday really rankles. Does everyone have to hop every time Gross complains? Is he the bond market incarnate, or just channeling its animal…

FDIC announcement. John McCain’s son resigned from the board of the holding company of July 28 citing “personal reasons.” Yeah, right.

PIMCO’s Bill Gross explains why the markets for houses, stocks, and bonds are all crashing at once–and why they all have much farther to go. In a sentence? The global economy is in the process of delevering (reducing debt by…

The government will also be pumping in billions and billions of dollars in attempts to keep Frannie and Freddie afloat. This happened one day after Bill Gross of Pimco said the government must do something now or risk a “financial…

Even with good news, a big rally fizzled and the DOW ended down 25. Which seems odd, except a major commodities hedge fund blew up and, you guessed, beleaguered Lehman Brothers owns 20% of it. Just what they needed while…