Category Archives: Comments on News

John Fredriksen double down on the battered oil tanker business

JF is doubling down on oil tanker business, even as his offshore drilling business sinks in debt. Seadrill is facing July 31 deadline to restructure some $10 billion of debt. “It’s hard to answer if it will come out of restructuring, but … Continue reading

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To split Fannie-Freddie, no wind down as they said before?

It sounds like senators Corker and Warner are now considering splitting Fannie-Freddie, not winding them down any more. Is it a good sign?

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Paulson is double down on Valeant

This is great news for Valeant. Since Ackman sold his 8% stake in VRX, ValueAct sigificantly increased their stakes, now Paulson became the board member. Good sign for VRX.

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BAC is down on lower second-quarter expectations

BAC is down on lower second-quarter expectations due to a drop in trading revenue, lower-than-expected interest rates and the sale or shuttering of certain assets (Reuters). However, expected rate hikes, the idea of deregulation, and proposed easing of the Comprehensive Capital Analysis and Review … Continue reading

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Treasury Secretary Steven Mnuchin on C-SPAN

Domestic and International Fiscal Policy Update Treasury Secretary Steven Mnuchin provided members of the Senate Banking, Housing and Urban Affairs Committee with an update on Trump administration. domestic and international fiscal policies.

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Morfit, who is the board member of Valeant, will serve as ValueAct’s chief investment officer

According to WSJ, Morfit, who is the board member of Valeant since 2007, will serve as ValueAct’s chief investment officer. Should Morfit help turn around this company? Very possible! 

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Mel Watt testified at a hearing on housing finance policy; Mnuchin will testify on May 18 on GSE

Mel Watt testified at a hearing on housing finance policy. He reiterated his concerns over long-term conservatorship of Fannie Mae and Freddie Mac and stressed that it is Congress’ job to chart a path out of it, and urged lawmakers to … Continue reading

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Watt on GSE – can we have the conservatorship end before the end of this year?

Watt warns that “By the end of the year “neither enterprise will have the ability to weather any loss it experiences in any quarter without drawing further on taxpayer support,”” so we are going to see the end of tunnal … Continue reading

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Can he become the second Bob Benmosche for AIG?

Can he become the second Bob Benmosche for AIG? – from WSJ

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Read as much as I can like two Ts

Read as much as I can like two Ts

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