| Sendedatum | 2007-12-24 07:51:38 |
|---|---|
| Ausgabe | 20 |
hier eine weitere Ausgabe des beliebten Newsletters für Masochisten und Weltuntergangssekten. Je nach Newsreader kann die Darstellung weniger als perfekt befriedigend sein, daher könnte sich ein Blick auf die Onlineversion lohnen, die außerdem verschlagwortet ist.
Inhalt:
http://money.cnn.com/2007/12/21/news/companies/chrysler/index.htm?section=money_topstories
NEW YORK (CNNMoney.com) -- Chrysler Corp., the troubled automaker
bought by private equity just four months ago, is scrambling to sell
assets amid indications of huge losses, as access to cash becomes
increasingly scarce, according to a published report Friday.
"Someone asked me, 'Are we bankrupt?'" the Wall Street Journal
quoted Chrysler boss Robert Nardelli telling employees at a meeting
earlier this month. "Technically, no. Operationally, yes. The only
thing that keeps us from going into bankruptcy is the $10 billion
investors entrusted us with."
To raise money, Chrysler is looking to sell over $1 billion in land,
old factories, and other holdings, even if it has to let those
properties go for under book value, the Journal said.
Naja, Cerberus braucht auch Geld...
Chrysler's owner, Cerberus Capital Management, is now facing serious
subprime-related losses from GMAC Financial Services, which it bought
from General Motors (GM, Fortune 500) for $12 billion, and is also
trying to walk away from a now pricey deal to buy United Rentals Inc.,
(URI) the Journal said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSt9mAsai4Mw&refer=home
Dec. 21 (Bloomberg) -- State and local borrowers are discovering that buying municipal bond insurance from MBIA Inc. and Ambac Financial Group Inc. is a waste of money.
Spät merken sie es, aber sie merken es
http://www.portfolio.com/views/columns/wall-street/2007/12/17/Commercial-Real-Estate-Crisis#page1
Insgesamt netter Artikel über Geschäftsimmobilien in Amiland.
securities were issued. Through the third quarter of 2007, $196.9
billion was issued, according to Commercial Mortgage Alert, a
trade publication. That amount means 2007 will be a record year,
even though issuance collapsed in the fourth quarter as investors
panicked over the credit crunch. Right now, there is about $730
billion in commercial-mortgage-backed securities outstanding.
730 Mrd. Dollar CDS offen. Naja. Wer's mag. Wer zu viel Geld hat.
What's more, it used to be that banks made loans for no more than
80 percent of the value of a property to ensure a healthy cushion
of protection, but by the early part of 2007, loans were sometimes
made for 120 percent of a property's value.
Kredite von 120% des Werts. Wer zu viel Geld hat...
Harry Macklowe, a famed New York real estate buccaneer, leveraged
himself to the gills to buy seven New York office buildings from
E.O.P., a side agreement to the Blackstone purchase. He borrowed
$7.6 billion, based on stratospheric valuations, while putting a
minuscule $50 million of his own equity into the deal, financing
much of the purchase with short-term debt.
Die Zahlen: 7.6 Mrd geliehen, 50 Mio eigenes Kapital eingesetzt.
http://news.yahoo.com/s/ap/20071223/ap_on_bi_ge/credit_card_crunch
percent to $17.3 billion in October from a year earlier at 17 large
credit card trusts examined by the AP.
Na, wer hätte das gedacht: die Kreditkartenschulden steigen um 26%.
of ever being repaid and write off the debt - rose 18 percent to
almost $961 million in October, according to filings made by the
trusts with the Securities and Exchange Commission.
Serious delinquencies also are up sharply: Some of the nation's
biggest lenders - including Advanta, GE Money Bank and HSBC -
reported increases of 50 percent or more in the value of accounts
that were at least 90 days delinquent when compared with the same
period a year ago.
http://www.federalreserve.gov/releases/cp/
Die Graphik "Discount rate spread" ist interessant. Scheint als wären
die 500 Mrd. EZB-Dollar noch weniger wirkungsvoll als gedacht.
Ok, die Auflösung der Graphik ist nicht so besonders, aber wenn die
Milliarden gewirkt hätten, hätte der spread unter den 5-tages-spread
fallen müssen.
Apropos FED:
http://www.federalreserve.gov/newsevents/press/monetary/20071212a.htm
Da sprachen sie von 4 Auktionen a 20 Mrd. Dollar. Zugegeben, da steht nicht drin, daß es nur 4 sein sollen, aber immerhin ist für 4 Auktionen das Datum angegeben worden, und Markt/Presse/Ich/AlleAnderen haben das so verstanden, daß das auf 4 Auktionen beschränkt ist. "temporary Term Auction Facility" macht so ja auch etwas Sinn.
http://www.federalreserve.gov/newsevents/press/monetary/20071221b.htm
Release Date: December 21, 2007
The Federal Reserve intends to conduct biweekly Term Auction Facility
(TAF) auctions for as long as necessary to address elevated pressures
in short-term funding markets. The Board of Governors will announce
the sizes of the January 14 and January 28 TAF auctions at noon on
January 4.
Wir machen das also weiter.
Hm, der Laden hat Glaubwürdigkeit? Wirklich?
Gruß, Uwe
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