by Calculated Risk on 4/24/2009 04:00:00 PM

Update: C-SPAN is showing the Geithner press conference at 4:45 PM ET:

Here is the CNBC feed.

And a live feed from C-SPAN.

Here is something to discuss while we wait for Treasury Secretary Geithner's press conference and the FDIC ... (although a significant credit union was already seized today).

Click on graph for larger image in new window.

This graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears".

These are the four worst S&P 500 / DOW bear market in the U.S.

Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.

For a comparison to the Nikkei, and NASDAQ crashes, see Doug's: "The Mega-Bear Quartet and L-Shaped Recoveries".

And here is another update on the Chrysler first lien negotiations. Note: I have no idea why this is so public.

The diagram shows the offers and counteroffers from the banks.

From the WSJ: Chrysler's Lenders to Make New Offer on Debt

The lending group has proposed cutting the $6.9 billion Chrysler owes them down to $3.75 billion, according to a person familiar with the offer.
...
The lenders decided not to lower the 40% equity stake in Chrysler they are seeking ... The creditors also dropped their request for $1 billion of preferred stock in Chrysler and that Fiat SpA put $1 billion of cash into Chrysler

Just 6 days to go ...