Archive - Jun 21, 2009
On The Uselessness Of LIBOR
Submitted by Tyler Durden on 06/21/2009 16:54 -0500Most financial experts are aware that the only reason the economy has not yet collapsed entirely, is due to the trillions in governmental safeguards and industrial subsidies. Zero Hedge has written extensively on the topic, and it is nowhere more obvious than here, that virtually the entire financial system is backstopped by explicit and implicit guarantees.
On The Uselessness Of LIBOR
Submitted by Tyler Durden on 06/21/2009 16:54 -0500Most financial experts are aware that the only reason the economy has not yet collapsed entirely, is due to the trillions in governmental safeguards and industrial subsidies. Zero Hedge has written extensively on the topic, and it is nowhere more obvious than here, that virtually the entire financial system is backstopped by explicit and implicit guarantees.
On The Uselessness Of LIBOR
Submitted by Tyler Durden on 06/21/2009 16:54 -0500Most financial experts are aware that the only reason the economy has not yet collapsed entirely, is due to the trillions in governmental safeguards and industrial subsidies. Zero Hedge has written extensively on the topic, and it is nowhere more obvious than here, that virtually the entire financial system is backstopped by explicit and implicit guarantees.
On The Uselessness Of LIBOR
Submitted by Tyler Durden on 06/21/2009 16:54 -0500Most financial experts are aware that the only reason the economy has not yet collapsed entirely, is due to the trillions in governmental safeguards and industrial subsidies. Zero Hedge has written extensively on the topic, and it is nowhere more obvious than here, that virtually the entire financial system is backstopped by explicit and implicit guarantees.
Sunday Readings
Submitted by Tyler Durden on 06/21/2009 14:52 -0500- What low bond recovery rates mean: 45-55% cumulative defaults (Vanguard, hat tip Richard) [HY12 at 81? haha]
Sunday Readings
Submitted by Tyler Durden on 06/21/2009 14:52 -0500- What low bond recovery rates mean: 45-55% cumulative defaults (Vanguard, hat tip Richard) [HY12 at 81? haha]
Absolute Priority Saturday
Submitted by Tyler Durden on 06/21/2009 02:42 -0500Creditors' rights at midnight. Absolute Priority Saturday on Radio Zero.
Exercise absolute priority and get your slot now (supplies are limited). Live from 12:00am on.
Priority claims, pre-petition requests, 363 sale objections, etc: AIM: marla@zerohedge.com


