Video footage this week centered around the G20 meeting, the FASB’s decision to relax mark-to-market accounting rules, the Detroit drama, the Geithner plan to remove toxic assets from banks’ balance sheets, and the staying power of the nascent stock market rally.
As investors’ start regaining their risk appetite and increasingly look past the “valley”, the Dow Jones Industrial Average seems to be on track to record its best four-week winning streak since 1933.
Commentators featured on camera in this post include Timothy Geithner, Nouriel Roubini, Nassim Taleb, Wilbur Ross, Bill Gross, Rob Arnott and Frank Holmes.
The selection below kicks off with a real gem, “Geithner Plan II – let’s go to the chalkboard”, and ends with another of Paddy Hirsch’s “back-to-basics” lectures, this time on leveraging and deleveraging.
YouTube: Geithner Plan II – let’s go to the chalkboard
“Khan Academy, a ‘not-for-profit organization with the mission of providing a high quality education to anyone, anywhere’, has posted a great ‘chalkboard’ commentary on YouTube covering the latest Treasury Department rescue plan and how banks could use it to scam the taxpayers.”
Source: Charleston Voice (via YouTube), March 23, 2009.
Bloomberg: Geithner sees “encouraging signs” in financial markets
“US Treasury Secretary Timothy Geithner talks with Bloomberg’s Peter Cook about the prospects for financial markets and the response of global policy makers to the current crisis. Geithner, speaking in London, also discusses the outlook for consensus among leaders attending the G-20 summit on economic stimulus and global financial standards, restructuring of General Motors and Chrysler, and new programs designed to attract private investment to help clean up banks’ balance sheets.”
Source: Bloomberg, April 1, 2009.
Yahoo Finance: Geithner plan good for some banks, says Roubini
“Tim Geithner’s plan to get toxic assets off bank balance sheets should help strengthen solvent financial institutions, Nouriel Roubini of RGE Monitor says. But banks that fail stress tests (a.k.a. insolvent ones) should be seized, restructured, and sold.”
Source: Yahoo Finance, March 31, 2009.
Bloomberg: Taleb says Geithner bank plan is too limited, will fail
“Nassim Nicholas Taleb, author of the best-selling finance book ‘The Black Swan: The Impact of the Highly Improbable’, talks with Bloomberg’s Erik Schatzker about US Treasury Secretary Timothy Geithner’s plan to remove toxic assets from bank balance sheets. Taleb, who also advises Universa Investments, also comments on the Group of 20 nations meeting in London and the outlook for financial regulation.”
Source: Bloomberg, April 1, 2009.
CNBC: Obama’s auto viablity plan
“President Barack Obama announces his administration’s plan to aid the automakers.”
Source: CNBC, March 30, 2009.
The Wall Street Journal: Dissecting GM’s press conference
“Dow Jones Newswires automotive reporters Jeff Bennett and Sharon Terlep discuss incoming GM CEO Fritz Henderson’s press conference.”
Source: The Wall Street Journal, March 31, 2008.
CNBC: Wilbur Ross’ forecast – the future of Detroit
“Fritz Henderson is a good choice to lead GM and the financing of dealers has yet to be addressed, says Wilbur Ross, WL Ross & Co. chairman/CEO, with Mike Jackson, AutoNation CEO.
Source: CNBC, April 1, 2009.
