Archive - Jan 15, 2009
Turkey Central Bank Rate Cut To 13%
Submitted by Tyler Durden on 01/15/2009 17:02 -0500Now that's some aggressive rate cutting
Chris Whalen: Bankruptcy Inevitable "End Game" for Citi
Submitted by Tyler Durden on 01/15/2009 16:19 -0500In a Bloomberg TV telephonic interview, Christopher Whalen, managing director of Institutional Risk Analytics, discusses the possibility that Citi may file for bankruptcy, which according to him is "inevitable". Our advice to Vikram regardless of what he does - don't hire Lazard if you need a DIP.
Ezra Merkin's 6/7B Duplex at 740 Park About to Go For Sale
Submitted by Tyler Durden on 01/15/2009 15:08 -0500According to CNBC sources, NY AG Cuomo has issued a subpoena to Merkin to explain his relationship to Madoff, some charities, and encompasses Ezra's Ascot and Ariel funds.
********UPDATE********
"At least 10 prosecutors are involved in the investigation"..... uh oh, they really are regrouping forces on this one
Moody's Lowers JPM to Aa3 from AA2
Submitted by Tyler Durden on 01/15/2009 15:05 -0500Buffett's cronies finally waking up
Despite Huge Cash Hoard, Potential DIP Lenders Say Throw To Lions
Submitted by Tyler Durden on 01/15/2009 14:45 -0500
According the the Globe and Mail, the main reason Nortel decided to file for bankruptcy was Lazard's pathetic inability to raise even a dollar of Debtor In Possession financing....
Death List Keeps Growing
Submitted by Tyler Durden on 01/15/2009 14:23 -0500We made some predictions yesterday about the bankruptcies to hit dockets today.... and they are starting to roll in:
