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666 Fifth About to Go To Its Rightful Owner
Submitted by Tyler Durden on 01/16/2009 03:16 -0400
Looks like the commercial mortgage apocalypse is about to claim its next victim, this time in the form of the appropriately numbered 666 Fifth Avenue building, home to such previously flourishing tenants as
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Zimbabwe Raised to AAA+ by S&P, Geithner Celebrates Thru Innocent Mistakes
Submitted by Tyler Durden on 01/13/2009 20:30 -0400
To celebrate their new credit rating, insane dictator Robert Mugabe releases new 50 billion note, which is roughly equal to one US dollar.
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Wait Is Over - Nortel Files for Bankruptcy
Submitted by Tyler Durden on 01/14/2009 15:17 -0400
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.
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Vikram Memo to Employees
Submitted by Tyler Durden on 01/14/2009 22:20 -0400January 14, 2009
From: Vikram Pandit
Dear Citi Colleagues,
I want to make sure you know that we’ve moved up our Q4 2008 earnings announcement to this coming Friday, January 16. Since we are ready to release 4th quarter earnings and talk about 2009 and the future, we saw no need to wait.
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Breaking News: Governator About to Hire Lazard to Find DIP
Submitted by Tyler Durden on 01/15/2009 19:20 -0400*SCHWARZENEGGER SAYS CALIFORNIA IS IN `STATE OF EMERGENCY'
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Kappa Beta Phi Exposed
Submitted by Tyler Durden on 01/16/2009 03:58 -0400A long, long time ago...
I can still remember
How the Dow Jones used to make me smile.
And I learned my trade and had my chance
The music played I did my dance
And I made seven figures for a while.
I can't remember if I cried
when they pulled the plug on Countrywide...
It sucks that Iceland is out of ice....
Bye, Bye to my piece of the pie...
Now I travel coach whenever I fly...
Maybe this will be the day that I die.
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- 1312 reads
Zimbabwe Raised to AAA+ by S&P, Geithner Celebrates Thru Innocent Mistakes
Submitted by Tyler Durden on 01/13/2009 20:30 -0400
To celebrate their new credit rating, insane dictator Robert Mugabe releases new 50 billion note, which is roughly equal to one US dollar.
»
- Read more
- 1183 reads
Wait Is Over - Nortel Files for Bankruptcy
Submitted by Tyler Durden on 01/14/2009 15:17 -0400
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.
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- 981 reads
Meredith Whitney: Sell Financials (You Were Expecting?)
Submitted by Tyler Durden on 01/14/2009 22:23 -0400Diplomacy 101:
Maria Bartiromo: "Should people be shorting Citi at $4.53?"
Meredith Whitney: "I would diversify out of financials here."
There is a glimmer of hope: "I would be buyer of American Express.... at $15"
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GM - The Plane Has Crashed Into The Mountain
Submitted by Tyler Durden on 01/15/2009 19:23 -0400Conference call with slides in progress...
DETROIT, Jan. 15 /PRNewswire/ -- General Motors today provided an update on company restructuring efforts included in the viability plan submitted to the federal government last month, and announced more conservative industry volume planning assumptions to ensure the viability plan is successful even in the most challenging of markets.
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- 822 reads
Kappa Beta Phi Exposed
Submitted by Tyler Durden on 01/16/2009 03:58 -0400A long, long time ago...
I can still remember
How the Dow Jones used to make me smile.
And I learned my trade and had my chance
The music played I did my dance
And I made seven figures for a while.
I can't remember if I cried
when they pulled the plug on Countrywide...
It sucks that Iceland is out of ice....
Bye, Bye to my piece of the pie...
Now I travel coach whenever I fly...
Maybe this will be the day that I die.
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- 1432 reads
Breaking News: WSJ Reports Citi on Way to Dismantle Itself
Submitted by Tyler Durden on 01/13/2009 21:01 -0400
Whoa, busy day for breaking news
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- 813 reads
Market in Free Fall
Submitted by Tyler Durden on 01/14/2009 15:32 -0400After news such as retail sales, Deustche Bank earnings, HSBC earnings, bad tiffany's news combined with a cut in guidance, a couple of ba
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- 902 reads
And The Hits Keep on Coming
Submitted by Tyler Durden on 01/14/2009 22:27 -0400According to TrimTabs, record $148 Billion in Hedge Fund outflows in December.
Deleveraging may have a day or two to go.
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- 835 reads
Death List Update: Six Flags On Defibrilator Alert
Submitted by Tyler Durden on 01/15/2009 19:44 -0400
According to sources, the indenture trustee on Six Flags' 12.25% Notes due 2016 has confirmed that a $24.5 million interest payment on the notes was made. This buys the company a whopping two weeks before it has to make its February 1 coupon payment on its 8.875% Notes due February 2010.
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- 1117 reads