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Wall Street Rallies on Geithner Pick and Citigroup Bailout

Nov 24, 2008 @ 03:32 PM By Ivy Schmerken,

Wall Street is reacting positively to the government’s latest bailout of Citigroup and President-Elect Barack Obama’s pick of New York Fed Chief Timothy Geithner as his Treasury Secretary.

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Mandatory Clearing for CDS, No Surprise

Nov 24, 2008 @ 10:24 AM By Ivy Schmerken,

It was reported last week that dealers are backing a mandatory central clearing counterparty or CCP model for credit derivatives to avoid an alternative plan to move trades onto an exchange.

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AIG's Bailout Spend: Parties and Seminars, Okay?

Nov 12, 2008 @ 12:12 PM By Ivy Schmerken,

Controversy is swirling again over whether American International Group used some of the bailout money it received from Congress to entertain and conduct seminars for financial advisors that sell its insurance products.

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AIG's New Bailout Package: Banks Can Unload CDOs

Nov 12, 2008 @ 11:03 AM By Ivy Schmerken,

Banks that bought credit default swaps from the American International Group are emerging as the winners in the Treasury Department’s revamped bailout plan for the insurance giant, reports today’s Wall Street Journal.

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Risk Models Missed the Human Factor

Nov 5, 2008 @ 12:50 PM By Ivy Schmerken,

While many of us are marvelling this morning on the results of this historic U.S. presidential election, there’s another story that deserves your attention and one that Senator Barack Obama ought to read before he appoints his cabinet of regulatory czars to fix the financial mess.

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