JP Morgan Archive

Re: Harvard University to Sell Bonds to Repay Debt

[Skip to the end] (email exchange) >   >  On 12/6/08, Jason wrote: >   >  This will be a bellweather for the muni cash market. Harvard is one of the best credits in >  muni space outside the AAA state GOs. They plan to bring 500mm deal. if market can >  not absorb this, it does not ...Read More

The $30 billion of Bear Stearns secs were sold to the Fed

[Skip to the end] Doesn’t look like a funding operation. Looks like JPM sold the Bear Stearns securities to the Fed and retained a first loss piece: Text in JP Morgan’s 10Q: “Concurrent with the closing of the merger, the Federal Reserve Bank of New York (the “FRBNY”) will take control, through ...Read More