the Epitome weekly- Newsletter

Issue: 0812| Tuesday, March 18, 2008

HFs to gain from SWF expansion

Corporates largely positive on HF, PE influence

More HF controls needed: Investors

Gains amid challenges for European FoHFs

Mortgage writedowns: light at the end of the tunnel

SEC likely to widen range for asset valuations: WSJ

Tranche ratings: BIS advises caution

Money from Repo finance shrinks

Words of Wisdom		Know Us
You are never given a dream without also being given the power to make it true. You may have to work for it, however.		To know more about Epitome Global Services visit us at:
Richard Bach		http://www.epitomeglobalservices.com/

Fed set for big rate cut amid market turmoil

The U.S. Federal Reserve is expected to slash interest rates by as much as a whole percentage point at its policy meeting on Tuesday as investors warily await investment bank results that could aggravate fears of a full-blown markets crisis.

Traders expect the Fed to cut rates by a full percentage point in an effort to stop hemorrhaging in financial markets and boost the flagging economy. The Fed is expected to announce its decision around 2:15 p.m. EDT.

The Fed has cut overnight rates by 2.25 percentage points to 3 percent since mid-September as a rise in defaults on subprime mortgages has escalated into a financial crisis that this weekend claimed one of Wall Street's most venerable firms, investment bank Bear Stearns, as a victim.…(Read more..)

Source : Reuters

Disclaimer:
Information provided in this newsletter is from sources believed by Epitome Global Services to be accurate and reliable. This newsletter is intended to reach only the addressee of this email. If you are not the intended recipient, you are not authorized to read, print, retain, copy, disseminate, distribute, or use this message or any part thereof. If you receive this message in error, please notify us immediately and delete all copies of this message. Epitome Global Services makes no representations and disclaims all express, implied, and statutory warranties of any kind to any user and/or any third party including warranties as to accuracy, timeliness, completeness, merchantability, or fitness of information for any particular purpose. In no event shall Epitome Global Services be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever arising from the contents of this website / newsletter, or the use thereof or for any actions taken in reliance thereon. Users are responsible for seeking the advice of professionals, as appropriate, regarding the information, opinions, advice or content available at this website or in the newsletter.