Archive - 2009
January 14th
Market in Free Fall
Submitted by Tyler Durden on 01/14/2009 14:32 -0500After news such as retail sales, Deustche Bank earnings, HSBC earnings, bad tiffany's news combined with a cut in guidance, a couple of ba
Wait Is Over - Nortel Files for Bankruptcy
Submitted by Tyler Durden on 01/14/2009 14:17 -0500
Despite our assumption that this would be a Southern New York Case, and in fact was a Delaware filing, the overall parameters turned out right.
Wait Is Over - Nortel Files for Bankruptcy
Submitted by Tyler Durden on 01/14/2009 14:17 -0500
Despite our assumption that this would be a Southern New York Case, and in fact was a Delaware filing, the overall parameters turned out right.
Schrenker Captured!
Submitted by Tyler Durden on 01/14/2009 04:01 -0500WSJ, and CNN report that Schrenker is in the custody of the Gadsden County Sheriff's Office. Lt. Jim Corder says Marcus is alive and well. Schrenker managed to traverse a distance of 275 miles, from the house he showed up at on Sunday night in Childersburg, Ala, to his current location at Tallahassee Memorial Hosptial as apparently he had slit his wrists shortly before being captured.
Schrenker Captured!
Submitted by Tyler Durden on 01/14/2009 04:01 -0500WSJ, and CNN report that Schrenker is in the custody of the Gadsden County Sheriff's Office. Lt. Jim Corder says Marcus is alive and well. Schrenker managed to traverse a distance of 275 miles, from the house he showed up at on Sunday night in Childersburg, Ala, to his current location at Tallahassee Memorial Hosptial as apparently he had slit his wrists shortly before being captured.
Have You Seen This Man?
Submitted by Tyler Durden on 01/14/2009 03:36 -0500
And the list is growing... First Schrenker and now Raoul Weil, Former Chairman and CEO of Global Wealth Management at UBS. In the order attached below, Judge James Cohn of the Southern District of Florida announced that Raoul is now a fugitive. The UBS bigman, had been previously charged with tax fraud conspiracy.
Have You Seen This Man?
Submitted by Tyler Durden on 01/14/2009 03:36 -0500
And the list is growing... First Schrenker and now Raoul Weil, Former Chairman and CEO of Global Wealth Management at UBS. In the order attached below, Judge James Cohn of the Southern District of Florida announced that Raoul is now a fugitive. The UBS bigman, had been previously charged with tax fraud conspiracy.
January 13th
Schrenker Gimmicks Put Bernie the Ponzasaur to Shame
Submitted by Tyler Durden on 01/13/2009 23:55 -0500
As the media whirlwind over the latest Ponzmaster becomes more and more acute, the disclosures about his past keep mounting to a point where what Madoff has done in comparison will likely soon seem tame.
Schrenker Gimmicks Put Bernie the Ponzasaur to Shame
Submitted by Tyler Durden on 01/13/2009 23:55 -0500
As the media whirlwind over the latest Ponzmaster becomes more and more acute, the disclosures about his past keep mounting to a point where what Madoff has done in comparison will likely soon seem tame.
GM: If Our Cars Keep Sucking, Suckers Keep Paying
Submitted by Tyler Durden on 01/13/2009 22:35 -0500
According to GM COO Fritz Henderson, if the worst case scenario that the company has put together which calls for 10.5 million annual car sales (which is higher than recent market data shows for an annualized run-rate around 10 million), then the company will simply have to
GM: If Our Cars Keep Sucking, Suckers Keep Paying
Submitted by Tyler Durden on 01/13/2009 22:35 -0500
According to GM COO Fritz Henderson, if the worst case scenario that the company has put together which calls for 10.5 million annual car sales (which is higher than recent market data shows for an annualized run-rate around 10 million), then the company will simply have to
Breaking News: This is Your New Morgan Stanley Smith Barney Broker Calling
Submitted by Tyler Durden on 01/13/2009 21:52 -0500Summary as disclosed in C press release:
- More than 20,000 high-quality financial advisors;
- $1.7 trillion in client assets;
- $14.9 billion in pro-forma combined revenues;
- $2.8 billion in pro-forma combined pre-tax profit;
- 6.8 million client households globally – with a strong presence in the critically important
- high-net-worth client segment; and,
- A footprint of more than 1,000 offices around the globe.
Lead -> Gold
Nortel Upping The Suspense To Fever Pitch
Submitted by Tyler Durden on 01/13/2009 21:11 -0500
Our readers at Reuters picked up today where we left off yesterday, and apparently had more luck in getting through to someone at the company than just the switchboard...However, not much information was gleaned: "It is our policy to not
Nortel Upping The Suspense To Fever Pitch
Submitted by Tyler Durden on 01/13/2009 21:11 -0500
Our readers at Reuters picked up today where we left off yesterday, and apparently had more luck in getting through to someone at the company than just the switchboard...However, not much information was gleaned: "It is our policy to not co
HeidelbergCement Trying to Avoid The Cement Shoes
Submitted by Tyler Durden on 01/13/2009 20:30 -0500
HeidelbergCement, the world leader in aggregate production which over the past year has lost over 60% of its equity value, and one of the main holdings of recently deceased Adolf Merckle who got caught shorting Volkswagen (for a brief period of time the w


