Pertinent Press
Shaken at the Core: MBIA Rattled By $18.16/Share Loss, Warburg Steps in With $500mln WSJ
Isn’t Anything Enough? FOMC Delivers 2nd Aggressive Cut, Markets Already Expect Another 25bps in March WSJ, FT, NYT
Fed Gradualism is Dead: 125bps in 8 Days Signals New, Incremental Approach FT
Sweeping Bail-Out Isn’t Possible for Monoliners –Merrill’s Thain FT
Doomsday-Forecaster Ackman Tries to Make Own Bets Come True NYT
Senate Committee Tees Up Stimulus Showdown In Passing Its Own Package WP, FT
New Buying Class — The Mainstream — Drives Gold To Another High on Inflation, Recession Fears WSJ
S&P Puts Hurt on 8k More Mortgage Investments, Predicts $265bln in Further Subprime Write-Downs WSJ
Banks’ Failure to Write Down Is Blocking Buyouts; Institutional Loan Market Still “Frozen” WP
First the US, Then Europe … Now Japanese Banks are Feeling Subprime Heat, Too WSJ
Dems May Block Re-Nomination of “Lightning Rod” Kroszner; Dodd on the Offensive WSJ
Edwards, Giuliani Bow Out, Narrowing Horse Race to 4 WSJ, FT