| 1. Fed Rate Cuts |
| Helpful and need to be increased (cut rates further) |
|
29% |
| Helpful and appropriate in size and scope |
|
37% |
| Neither helpful nor harmful |
|
27% |
| Harmful and should be reduced (rates should be raised) |
|
7% |
|
|
|
|
|
|
| 2. Liquidity Provisions (e.g. TAF Auctions) |
| Helpful and need to be increased |
|
38% |
| Helpful and appropriate in size and scope |
|
48% |
| Neither helpful nor harmful |
|
7% |
| Harmful and should be reduced |
|
7% |
|
|
|
|
|
|
| 3. Economic Stimulus Packages |
| Helpful, and need to be increased |
|
32% |
| Helpful and appropriate in size and scope |
|
27% |
| Neither helpful nor harmful |
|
21% |
| Harmful and should be reduced |
|
20% |
|
|
|
|
|
|
| 4. Mortgage Market Support (e.g. Agency Programs, Foreclosure Restrictions) |
| Helpful, and need to be increased |
|
33% |
| Helpful and appropriate in size and scope |
|
30% |
| Neither helpful nor harmful |
|
10% |
| Harmful and should be reduced |
|
26% |
|
|
|
|
|
|
| 5. Backing workouts (e.g. Bear Stearns) |
| Helpful and need to be increased |
|
26% |
| Helpful and appropriate in size and scope |
|
40% |
| Neither helpful nor harmful |
|
7% |
| Harmful and should be reduced |
|
26% |
|
|
|
|
|
|
| 6. Guarantees (FDIC, Money Market Funds) |
| Helpful and need to be increased |
|
50% |
| Helpful and appropriate in size and scope |
|
41% |
| Neither helpful nor harmful |
|
4% |
| Harmful and should be reduced |
|
5% |
|
|
|
|
|
|
| 7. Enforcement Actions (e.g. SEC, State Regulators) |
| Helpful, and need to be increased |
|
53% |
| Helpful and appropriate in size and scope |
|
19% |
| Neither helpful nor harmful |
|
17% |
| Harmful and should be reduced |
|
11% |
|
|
|
| 8. Market Rules (e.g. Short Sale Restrictions) |
| Helpful, and need to be increased |
|
23% |
| Helpful and appropriate in size and scope |
|
15% |
| Neither helpful nor harmful |
|
13% |
| Harmful and should be reduced |
|
49% |
|
|
|
|
|
|
| 9. The SEC is considering exemptions to these rules for investors who have an economic net long position (e.g. convertible arbitrage). Assuming that the rules are extended, do you believe that these exemptions should be put in place? |
| Yes |
|
52% |
| No Opinion |
|
29% |
| No |
|
19% |
|
|
|
| 10. The current Treasury Rescue Plan TARP (purchasing distressed securities) will be: |
| Helpful but insufficient by itself to start an economic recovery |
|
63% |
| Helpful and sufficient to start an economic recovery |
|
14% |
| Neither helpful nor harmful |
|
6% |
| Harmful to the economy |
|
16% |
|
|
|
| 12. Are companies that you follow (outside of distressed financial firms) having trouble raising bank loans? |
| Yes |
|
51% |
| No |
|
8% |
| N/A |
|
41% |
|
|
|
|
|
|
| 13. Having trouble raising corporate debt? |
| Yes |
|
55% |
| No |
|
7% |
| N/A |
|
38% |
|
|
|
| 14. Having trouble accessing commercial paper market? |
| Yes |
|
49% |
| No |
|
7% |
| N/A |
|
44% |
|
|
|
| 16. Within your own organization, is the capital available for investment: |
| Increasing |
|
7% |
| Stable |
|
49% |
| Decreasing |
|
44% |
|
|
|
|
|
|
| 17. Within your own organization, is the willingness to make additional investments: |
| Increasing |
|
14% |
| Stable |
|
38% |
| Decreasing |
|
48% |
|
|
|
|
|
|
| 18. In making investments decisions or advice (either adding or reducing investment), is your group favoring: |
| U.S. Corporations |
|
29% |
| Indifferent |
|
31% |
| Non-U.S. Corporations |
|
8% |
| N/A |
|
31% |
|
|
|
|
|
|
| 19. Thinking about the next twelve months, what are your largest concerns for the economy? Please indicate your top three concerns: |
| House Prices/Foreclosures |
|
36% |
| Broader U.S. Economic Deterioration (retail, spending, jobs) |
|
76% |
| Developed Country (Europe and Asia) Economic Deterioration |
|
17% |
| Emerging Market Distress |
|
6% |
| Bank/Financial Company Failures |
|
41% |
| Corporate Default Rates Rising |
|
21% |
| Hedge Fund Liquidations |
|
15% |
| Short Term Liquidity (e.g. Inter-Bank Lending/Commercial Paper) |
|
37% |
| Financial Market Stability |
|
42% |
| Commodity Prices |
|
3% |
| U.S. confidence in Overseas Investors |
|
6% |
| Other |
|
6% |
|
|
|
| 21. Please describe your company: |
| Bank/Investment Bank |
|
23% |
| Broker/Dealer |
|
9% |
| Independent Research Firm |
|
8% |
| Investment Manager/Hedge Fund |
|
30% |
| Private Equity Firm |
|
2% |
| Insurance Company |
|
6% |
| Service Provider |
|
6% |
| Real Estate Firm |
|
1% |
| Other, please specify |
|
15% |
|
|
|
