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...powers, should Congress grant them, would come on top of authority Paulson was quietly granted earlier this summer to resolve the Fannie Mae and Freddie Mac messes. And the federal fire sale may not be limited to problem portfolios at home; there are reports that some of those entities subject to Treasury's purchase-and-resale powers may be foreign...
...investment that occurred about a nanosecond before the so-called subprime crisis began annihilating value on Wall Street and beyond. Fairly or not, the Blackstone stake has since become the symbol in China of a naive bunch of foreigners getting hooped by Wall Street sharpies. It's been the subject of withering public scorn in China and has drawn pointed private criticism from the highest levels of the Communist Party, banking sources in Beijing and Hong Kong have said. The message: Never again. All of which makes CIC's critics in China wonder why Gao, a soft-spoken graduate...
...Committee and I are taking every step possible to stop this irresponsible action in the market. We have talked to Secretary [Hank] Paulson and the Treasury. We have talked to Chairman [Chris] Cox and the SEC." Cox is listening, and is reportedly proposing a temporary ban on short selling, subject to approval by the SEC's commissioners. If short sellers could be rounded up and roasted as heretics to the true bull market religion, there'd be a rush of people from Lehman and Merrill fighting to add wood to the fire. And Mack would bring the gasoline...
...there's less reason than ever to care about the dramedies and quirky cases of sexy doctors at a ritzy "wellness center," and the return episode trudges along like a 44-min. chore (even if there is some resonance, in this pregnancy-besotted election season, to the reproductive-medicine subject matter...
...Traditions and Transformations” this semester with colleague Peter K. Bol, was reluctant to ascribe attendance at his class—students filled the aisles at the first meeting—to this summer’s international sporting spectacle. But Kirby did not shy away from the subject while teaching—opening the class with 20 minutes of clips from the Olympics’ opening ceremonies...