Unprecedented Times?

Posted by Mark on Sep 29th, 2008 | No Comments

We’ve Been Here Before.
“Unprecedented” is the word we continue to hear about the current financial situation.  Yet, if you know - and understand - the history of the capital markets, you would also know that the word “unprecedented” has been used time and again to describe the financial ”crisis du jour.”
The following link (www.aubryeustice.com/podcasts/) will take [...]

AIG Press Release - September 16, 2008

Posted by Mark on Sep 16th, 2008 | No Comments

Below is a copy of the text from an official statement issued by AIG today in response to the company’s current financial situation and the press coverage of that situation.
  

We know there have been an increasing number of negative media stories on the financial services front and the volatility of stock prices over the past several weeks.  [...]

Is Lehman Brothers the Armadillo?

Posted by Mark on Sep 15th, 2008 | No Comments

On September 8, 2008, we posted about the speculation as to which company would be the next one bailed out by the United States Government. Would it be an airline or would it be a Detroit automaker? After watching the stock market drop today, many may be wondering why Lehman Brothers did not get the [...]

Banks Are Businesses Too!

Posted by Mark on Sep 10th, 2008 | No Comments

There is still concern that the government did not do the right thing in its bailout of Fannie Mae and Freddie Mac. The Aubry & Eustice team believes that what was done was a necessary, short-term fix. However, many questions remain as to what the next presidential administration will do after the election or [...]

. . . but not the Hippopotamus

Posted by Mark on Sep 8th, 2008 | No Comments

Over the weekend it was announced that Uncle Sam – the Treasury Department – was seizing mortgage giants Freddie Mac and Fannie Mae.  This is the latest effort of the government to speed up the recovery of the housing and credit markets, and the decision has been met with mixed reactions.  The move is considered [...]