Archive - Jun 7, 2009

The Indiana Pensioners' Supreme Court Stay Appeal presented below. Oddly, on page 6 the Indiana Pension Funds have for the first time noted that their first lien holdings are $100 million, whereas in all prior disclosures they noted it was $42 million. Does this number include the Oppenheimer face holdings? Otherwise it seems like a rookie clerical error that will not help their case. Alternatively, Indiana Pensioners have been purchasing Chrysler first lien debt in the open market.

• Gordon Brown repeats vow not to go away (Telegraph)
• Airline execs say industry outlook still grim (Reuters)
• Extreme dumb money bullish sentiment (Technical Take)
• Blackrock set to become largest quant fund in th
  

The last time I discussed dark pools, it was in the context of SEC regulation due to the increasing sense of opacity of what happens in this subset of the stock market.

WSJ reporting that the White & Case windmill chase is to be finally decided, likely in less than 48 hours, and by none other than Bill Clinton nominee and recent cancer survivor Justice Ruth Bader Ginsburg.