Wednesday links: synthetic shorting

24Sep08

Warren Buffett bolsters confidence and gets a sweet deal to by putting $5 billion into Goldman Sachs (GS).  (WSJ.com, NYTimes.com, ClusterStock.com)

Some skepticism on the Buffett investment. (Big Picture, Curious Capitalist, 24/7 Wall St.)

“(H)ow is it that Warren Buffett can cut a better deal with the best-run financial company in America than the U.S. Treasury can ask from the worst-run financial companies in America?”  (Jeff Matthews)

The accuracy of Libor is coming under scrutiny once again.  (WSJ.com also MarketBeat)

The commercial paper market is in trouble.  (FT Alphaville)

The twin problems of illiquidity and insolvency.  (Infectious Greed)

How did projections of the cost of the original RTC pan out?  (macroblog)

Speaking of the RTC how did it turnout for the stock market that time around?  (ClusterStock.com)

“The last thing we need in the mortgage market is another large, inexperienced player.”  (EconLog)

Maybe we don’t need a bailout after all.  (Aleph Blog)

“As an economy, and as a country, we will suffer losses. Sacrifices will have to be made. And, like in any war, it should be the soldiers on the front line who bear the brunt of the damage.”  (Epicurean Dealmaker)

Boutiques, though, aren’t the perfect home for all unemployed bankers.”  (breakingviews/NYTimes.com also BusinessWeek.com)

Private equity firms are looking to deploy capital in “downtrodden community and regional banks.”  (NYTimes.com)

Not a good day to be a UK bank.  John Paulson is short and the markets expect dividend cuts.  (FT.com also Financial Crookery)

The Fed is stretched thin. (Alea)

Corporate America sits on its cash.  (naked capitalism also Marginal Revolution)

The vast majority of OTC derivatives trades can be moved to an exchange.  (Information Arbitrage)

Synthetic shorting comes to the forefront.  (MarketBeat, Daily Options Report)

Some one actually wants to get off the short sale restricted list.  (NakedShorts, DealBreaker.com)

Bringing back the uptick rule will no effect on the crisis.  (NakedShorts)

The ETN model is now under question.  (Market Movers)

Emerging market infrastructure gets its own ETF.  (IndexUniverse.com)

Would a securities transaction tax actually create better investment decisions?  (Odd Numbers)

How have the short sell-restricted stocks performed of late?  (Bespoke Investment Group)

The credit crisis has created an opportunity in junk bonds.  (Capital Spectator)

Public policy advocate and hedge fund manager T. Boone Pickens is looking at some big losses this year as energy prices reversed.  (WSJ.com, DealBreaker.com)

Different personality traits and various trading methods.  (TraderFeed)

Google’s G1 is the “anti-iPhone.”  (Newsweek.com also Silicon Alley Insider)

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