Word: maes
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...company was the victim of shorts such as David Einhorn, of Greenlight Capital, for badmouthing the company's accounting. Einhorn was unapologetic. Fuld got some action after the SEC sought to stop naked shorting with a do-not-mess-with" list of 18 financial institutions such as Fannie Mae, Freddie Mac and investment banks. On July 15, the SEC issued an emergency order temporarily mandating that anyone who wants to short a stock "must borrow or arrange to borrow the security or otherwise have the security available to borrow in its inventory prior to effecting the short sale...
...been a turbulent few weeks for U.S. Secretary of the Treasury Henry Paulson, Jr. As a principal architect of America's economic policy, Paulson (known as Hank) helped orchestrate the Sept. 7 government takeover of mortgage institutions Fannie Mae and Freddie Mac and the $85 billion bailout of insurance giant American International Group (AIG) on Sept. 16. By the close of business two days later, he was reportedly looking to find a long-term solution to the nation's ongoing credit crisis, buoying markets on rumors that the Treasury would create some sort of government agency to absorb banks...
...midst of it all, a number of Wall Street’s most venerable institutions are disintegrating. No matter the cost to American taxpayers, and no matter what the path of one’s economic thinking, it is clear that in the case of Fannie Mae and Freddie Mac, and, now, American International Group (AIG), the Federal Reserve did what it needed to do to protect everyday Americans from serious financial trouble. Beginning last spring with its facilitation of the sale of Bear Stearns, which left taxpayers in the hole for $29 billion, to the August bailout of Fannie...
...where to assign blame for the ongoing market turmoil, the economists named the usual suspects: reckless mortgage lenders, government mortgage bond insurers Fannie Mae and Freddie Mac, bond rating agencies, the investment bankers who bought securitized home loans, and the government for failing to properly regulate investment banks and other less transparent securities markets...
...past couple weeks, a bad investment climate has turned into the worst financial crises in decades, forcing the bankruptcy of a major investment bank, the merger of one more, and a government bailout of Fannie Mae, Freddie Mac, and the American Insurance Group—pillars of American financial markets that have been teetering on the brink of collapse...