Archive - Jan 2009 - Story

We have not seen this level of unpatriotic shorting since last September...

What are our options? Keep in mind this critical decision has to be made in less than 15 minutes to pass senate muster.

a) Short selling ban part deux
b) Throw all hedge fund managers in the tower of London
c) Keep Obama inaugural address on constant loop on every major TV channel, especially the part about how we get better
d) Invade Canada
e) All of the above

Debtwire's secret spies reiterate the rumor we initially picked up almost two weeks ago.

Debtwire's secret spies reiterate the rumor we initially picked up almost two weeks ago.

Financials all over the world received the Friend-O treatment today....repeatedly. XLF financial index hits all time low.

Financials all over the world received the Friend-O treatment today....repeatedly. XLF financial index hits all time low.

Whirlpool debt downgraded to BBB- from BBB, while Jefferies goes to BBB from BBB+. S'n'P now only 10 steps behind the back of the bus.

Anton Valukas, a Jenner and Block lawyer who specializes in criminal law and business litigation, was appointed the role of examiner in Lehman's bankruptcy case.

REITs are in trouble. Let me paraphrase that - REITs are in very big trouble. These companies whose very existence presumes significant equity value in their underlying investments are feeling a lot of pain these days with commercial mortgages on the verge of a default tsunami.

REITs are in trouble. Let me paraphrase that - REITs are in very big trouble. These companies whose very existence presumes significant equity value in their underlying investments are feeling a lot of pain these days with commercial mortgages on the verge of a default tsunami.

REITs are in trouble. Let me paraphrase that - REITs are in very big trouble. These companies whose very existence presumes significant equity value in their underlying investments are feeling a lot of pain these days with commercial mortgages on the verge of a default tsunami.

JC Penney just issued a great PR titled "JCPenney Clarifies Unfounded Market Concerns Regarding Its Revolving Credit Facility."

Bloomberg's chart of the day (below), and the accompanying article is somewhat troubling. For what seems like the first time in mainstream media, someone acknowledges the truth: "The U.K. Government may lose its top AAA credit rating after taking a 70% stake in Royal Bank of Scotland, credit-default swaps show."

Oh wait, not yet... S&P down -27.45 pts (-3.23%). But lovely speech there... Click here for transcript

For all your presidential hopefuls, this is how you move out of the White House. All class all the way. (meanwhile Oath of Office countdown ticker: 18:33)

For all your presidential hopefuls, this is how you move out of the White House. All class all the way. (meanwhile Oath of Office countdown ticker: 18:33)