Wall Street Folly

After massive redemptions, Cerberus is looking for new blood to keep its fee machine going; Lehman’s European Administrator may claim $100B against parent; Barney Frank said to be in favor of broader audits of the Fed; Health bill longer odds now that Kennedy is gone?; Fed $14B bailout profit so far; Flash trading vs NYSE

Posted by WSF On August - 31 - 2009
  • Cerberus to Raise New Funds After Investors Pull $4.77 Billion
  • Lehman’s Europe Administrator May Claim $100 Billion
  • Frank Said to Back Broader Fed Audits
  • Kennedy Death Cuts Broad Health Bill Odds, Hatch Says
  • Raft of Deals for Failed Banks Puts U.S. on Hook for Billions
  • Fed makes $14bn profit on loans provided during financial turmoil
  • The Flash-Trading Thorn in NYSE’s Side Read the rest of this entry »

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