...MarketBeat feels it necessary to point out that in the span of 48 hours, the nation’s largest brokerage has been sold, another large brokerage went bankrupt and sold its U.S. assets to a British firm, a third moved up its earnings announcement, and the largest insurer is considering a conservatorship.Thanks David.
Smart-ass
Continuing our recon of the WSJ's blog empire, Deal Journal:
Today in Government Rescues
The U.S. government seized control of AIG — one of the world’s biggest insurers — in an $85 billion deal that signaled the intensity of its concerns about the danger a collapse could pose to the financial system. [WSJ]
Related: As the empire he built teetered near collapse, former AIG CEO Maurice R. “Hank” Greenberg offered to help. He got the cold shoulder. [WSJ]
Related: The new CEO of AIG is reportedly Edward Liddy, private equity maven. [Bloomberg]
Related: The government’s move to rescue AIG is a reminder that for all the talk of a free-market system where failure is the flip side of success, the government deems some institutions too big to fail. [WSJ]
Related: John McCain is all of a sudden a big fan of financial regulation. [Washington Post]Related: The Fed has again come to the rescue of the global financial system. But then again, some would say that, given the Fed caused the problem in the first place, it should provide the answers, writes John Durie. [The Australian]
Related: Deal Journal had the news first yesterday. This is why you should bookmark us at http://blogs.wsj.com/deals. [Deal Journal]
Barclays to the Rescue
Lehman’s Workers win a reprieve: Barclays will buy the U.S. investment bank...MORE
This is why you should bookmark us...hmmm...I may purloin that line (after bookmarking, of course)
