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S&P, which lately seems to be paying its credit "analysts" at a rate of $1/word and has imposed a minimum quota of 10 downgrades a week, whacked LBO titan Freescale late on Friday with a downgrade of its corporate rating from B+ to B-, its secured loans from BB to B- and bonds from B- to CCC.

S&P, which lately seems to be paying its credit "analysts" at a rate of $1/word and has imposed a minimum quota of 10 downgrades a week, whacked LBO titan Freescale late on Friday with a downgrade of its corporate rating from B+ to B-, its secured loans from BB to B- and bonds from B- to CCC.

Florida, Indiana, Georgia, even Idaho, ponzis seem to pop up in the strangest of places. Next up: Philadelphia, where Joseph Forte, 53, was charged by U.S.

Florida, Indiana, Georgia, even Idaho, ponzis seem to pop up in the strangest of places. Next up: Philadelphia, where Joseph Forte, 53, was charged by U.S.

Thank you Fast Money for pushing our other ETF pick and holding - double negative on treasuries but no negative carry: you get a dividend if you care about that kind of stuff. Cheap entry point at $40.33, with historical average $61.03. Thesis: the sell off in treasuries once people go back to risky assets, or once everyone stops buying them. China, Russia, Japan and Europe will have massive internal budget deficits to fund to care about buying treasuries, and the US can only print so much money to buy its own paper.

Or, if not that, then something else. Citi has announced Vik will present at Citi's 2009 Financial Services Conference in NY on January 27 at 12.45pm... If anyone cares they can listen to webcast here: http://www.citigroup.com/citigroup/fin

INTEL MAY HAVE LOSS IN FIRST QUARTER, CEO TELLS EMPLOYEES

probably big news. market will be too busy selling stuff to care ah rekkun

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.