Salomon Brothers

Fitch Affirms FMC Real Estate CDO 2005-1; Assigns Outlooks

Fitch Ratings affirms and assigns Rating Outlooks to FMC Real Estate CDO 2005-1 Ltd. (FMC 2005-1) as follows: --$131,825,000 class A-1 at 'AAA'; Outlook Stable; --$43,941,000 class A-2 at 'AAA'; Outlook Stable; --$43,941,000...

Banks: Beyond the Citi Carnage

The firm has announced massive layoff —and other big houses may follow suit. Losses in financial results have only mounted and key players—including Bear Stearns, Lehman Brothers, and Washington Mutual—have folded or been...

Who will define America?

The more Americans believe that our future depends on politicians, political fixes, and bailouts, the bleaker our future will be I retrieve and open a large envelope from today's pile of mail. I discover that Chick-fil-A...

COMMENTARY -- Does Cathy Define America?

By Star Parker -- I retrieve and open a large envelope from today's pile of mail. Inside is a press release announcing "Chik-fil-A Founder to Receive 2008 William E. Simon Prize for Philanthropic Leadership." I discover that...

The End

The era that defined Wall Street is finally, officially over. Michael Lewis, who chronicled its excess in Liar's Poker, returns to his old haunt to figure out what went wrong. To this day, the willingness of a Wall Street...

Bear Stearns risk manager to guard new henhouse

Let's say you were the chief risk officer of the former Bear Stearns Cos. in the two years preceding the bank's collapse in March. Following the acquisition of Bear Stearns by JPMorgan, you would expect said chief risk officer...

Paulson's Shocking Change of Heart

Joe Rotger submits: I guess everybody is as shocked at Paulson's change of heart...Instead of the 3 pager proposal to request $700 billion, 1 page for the title, 1 for the thank you and goodbye, and 1 single page with the gravy...

Ranieri's Franklin Bank files Chapter 7 bankruptcy

NEW YORK (Reuters) - Franklin Bank Corp , the lender founded by mortgage securities pioneer Lewis Ranieri, filed for bankruptcy protection and plans to liquidate, after federal regulators seized its banking unit.

What would Warren Buffett do?

Warren Buffett has already told the world what he's doing in this frightful market. After sitting on piles of cash for several years and lamenting the lack of attractive opportunities, Buffett has made several key acquisitions...

American International Group has become a money pit for the U.S. government

As American as a money pit American International Group has become a money pit for the U.S. government. The new $150 billion bailout of the insurance giant is bigger, and looks easier on AIG, than its previous two Federal...

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