Archive - Jul 8, 2010 - Blog entry
Fed to GSEs – Put it on the Balance Sheet!
Submitted by Bruce Krasting on 07/08/2010 19:59 -0500I have no clue what this is about. But it is interesting.
Pensions Drinking Themselves Silly?
Submitted by Leo Kolivakis on 07/08/2010 18:16 -0500In what is surely one of the more unusual approaches to a pensions shortfall, Diageo, the drinks group, has offered up a veritable lake of its whisky as collateral for the growing shortfall in its benefits scheme. In my opinion, this is a bad idea. If pensions want to drink themselves silly, they should be focusing on the liquidity tsunami driving risk assets higher.
In Trying To Cover It's Own Behind, BP Has Lowballed the Amount of Oil ... Which Has Made Everything Worse
Submitted by George Washington on 07/08/2010 13:20 -0500BP's attempt to hide the amount of oil gushing from the sea floor led to months of counterproductive shenanigans like Top Hat and Top Kill ...
The Buyers Pour Into BP
Submitted by madhedgefundtrader on 07/08/2010 08:59 -0500All of a sudden, the world wants to buy this company while there is blood in the street and oil on the water. Sovereign buyers from China to Singapore to Saudi Arabia have been lining up. That well known value stock player, Libya, is in play. Cap that sucker, and the next stop is $40 or more.
