Archive - Oct 5, 2009 - Blog entry
Money Under the Mattress?
Submitted by Leo Kolivakis on 10/05/2009 21:52 -0500Unlike those employees at Simmons who lost their jobs, private equity pension fund managers and the GPs they invest and co-invest with are sleeping easy, counting the millions they collect in bonuses and fees as they profit by loading up the debt of companies they acquire.
September - Another Stinker for SSTF
Submitted by Bruce Krasting on 10/05/2009 19:49 -0500The SSTF shortfall for September came to $4.13 billion. A $10 billion swing from 2007. This is the third month in a row of this red ink.The day of reckoning is coming sooner than is forecast. Japan is in trouble over the same problem. We are following them down the same path.
Gold: Off The Launching Pad
Submitted by thetechnicaltake on 10/05/2009 18:10 -0500What we do know is this: compressed prices can lead to explosive moves in either direction.
The Largest U.S. Banks Have Repeatedly Gone Bankrupt Due to Wild Speculation, and the Fed Blessed the Speculation and then Helped Cover Up Their Bankruptcies
Submitted by George Washington on 10/05/2009 11:40 -0500Fed Economist Says American Banks Went Bankrupt in 1982, The Fed Hid Their Insolvency, Supported Mexican Dictator, and Nursed Banks on "Fat Spread" . . .
Good morning, worker drones: This Week In Mayhem
Submitted by Project Mayhem on 10/05/2009 08:01 -0500Project Mayhem reviews the most important financial and geopolitical news of the past week and takes a look at the week ahead.
