Archive - Jan 17, 2009
Saturday Afternoon Ponzi: Now in Idaho, And Totally Organic
Submitted by Tyler Durden on 01/17/2009 20:04 -0500WSJ reports ($$$ here) of another one. Seriously now, they have hedge funds in Idaho? I think we have reached our saturation point - one a day now, soon to be dozens: 34 of the 1,684 hedge funds reporting quarterly results have never had a down quarter (you listening SEC, you may want to do something here proactively).
$100 Trillion Note Unveiled in Zimbabwe
Submitted by Tyler Durden on 01/17/2009 19:43 -0500
It has been 4 days since we demonstrated Zimbabwe's recently issued $50 billion note...
Death Watch: New Entrant - New York Times
Submitted by Tyler Durden on 01/17/2009 18:39 -0500
The WSJ reports ($$$ link) that Mexican billionaire (or is that millionaire now, we need to double check) Carlos Slim Helu may bail out the New York Times.
Death Watch: New Entrant - New York Times
Submitted by Tyler Durden on 01/17/2009 18:39 -0500
The WSJ reports ($$$ link) that Mexican billionaire (or is that millionaire now, we need to double check) Carlos Slim Helu may bail out the New York Times.
GM To Become Next $$$ Bottomless Pit; Rattner to Play Next Joker
Submitted by Tyler Durden on 01/17/2009 16:59 -0500
"Bankrupt but not really" carmaker, General Motors, which has already likely burned thru the $13.4 billion in taxpayer money it received a couple of weeks ago, is poised to keep the fire going a whole lot longer.
GM To Become Next $$$ Bottomless Pit; Rattner to Play Next Joker
Submitted by Tyler Durden on 01/17/2009 16:59 -0500
"Bankrupt but not really" carmaker, General Motors, which has already likely burned thru the $13.4 billion in taxpayer money it received a couple of weeks ago, is poised to keep the fire going a whole lot longer.
Friday Night Ponzi: Another One on the Loose; Getting Silly Now
Submitted by Tyler Durden on 01/17/2009 02:48 -0500
While this is not quite as dramatic as Schrenker's insane plane-crash stunt, or at least not yet, the new Ponzi runaway story is all over the news.
Friday Night Ponzi: Another One on the Loose; Getting Silly Now
Submitted by Tyler Durden on 01/17/2009 02:48 -0500
While this is not quite as dramatic as Schrenker's insane plane-crash stunt, or at least not yet, the new Ponzi runaway story is all over the news.
Charter Has Not Learned from Nortel Lessons
Submitted by Tyler Durden on 01/17/2009 01:14 -0500
Bloomberg reports that Charter Communications, which as we noted, did not pay its Jan. 15 interest payment and has hired Rick Cieri and his mega-bankruptcy law firm Kirkland and Ellis...


