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Breaking News: NYT Bailed Out (For Now); It's Official
Submitted by Tyler Durden on 01/20/2009 04:17 -0400
Holy Jeebus: 14.053% interest!!! And of course Goldman Sachs.
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We Have A New President - Obama Rally in Full Force
Submitted by Tyler Durden on 01/20/2009 18:31 -0400Oh wait, not yet... S&P down -27.45 pts (-3.23%). But lovely speech there... Click here for transcript
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From: Treasury; To: Taxpayer...
Submitted by Tyler Durden on 01/16/2009 19:30 -0400
We are happy to inform you that Chrysler Financial (aka Stephen Schwarzman of Apt. 15/16B at 740 Park) is now the proud recipient of your money.
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GM To Become Next $$$ Bottomless Pit; Rattner to Play Next Joker
Submitted by Tyler Durden on 01/17/2009 17:59 -0400
"Bankrupt but not really" carmaker, General Motors, which has already likely burned thru the $13.4 billion in taxpayer money it received a couple of weeks ago, is poised to keep the fire going a whole lot longer.
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RBS Stock Down Over 60% in Europe Trading
Submitted by Tyler Durden on 01/19/2009 15:23 -0400Probably not that surprising after posting the "biggest ever loss reported by a U.K. company" of $41 billion. Biggest shareholder, the United Kingdom Government with 22.8 billion shares, can not be happy with an $8 billion + loss in 6 hours of trading. Paulson, with 142 million shares short, is very happy.
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Putin Can Teach West A Thing Or Two About Capitalism
Submitted by Tyler Durden on 01/20/2009 04:45 -0400
CEO of Russia in Perpetuity, Vladimir Putin, was faced Monday with the tough truth of plummeting oil prices. Oil, of course, has been the lifeblood of Russia's renaissance in recent years.
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Bloomberg Makes Bold Assumption S&P is Competent
Submitted by Tyler Durden on 01/20/2009 18:51 -0400Bloomberg'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."
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Risk-Free Profit Idea of the Day
Submitted by Tyler Durden on 01/16/2009 19:47 -0400Buy: Barrels of Oil (we do not have a position in this "security" so we hope the SEC does not bust our front door in an hour for position peddling)
Why? You pocket $25 RISK FREE per barrel for just holding on to it for 11 months
What is the Catch? U need a place to store a couple of barrels of oil...
Death Watch: New Entrant - New York Times
Submitted by Tyler Durden on 01/17/2009 19:39 -0400
The WSJ reports ($$$ link) that Mexican billionaire (or is that millionaire now, we need to double check) Carlos Slim Helu may bail out the New York Times.
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Sentinel Management Trader Was Paid With Lap Dances To "Bring Firm Down"
Submitted by Tyler Durden on 01/19/2009 19:02 -0400In an update to the lawsuit filed by trustee Fred Grede against bankrupt cash management firm Sentinel Management Group, head trader Charles Mosley has been accused of accepting bribes including lap dances, expensive dinners and 2006 Orange Bowl tickets from Cohen & Co. and Keefe Bruyette & Woods (the original case description can be found here).
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Putin Can Teach West A Thing Or Two About Capitalism
Submitted by Tyler Durden on 01/20/2009 04:45 -0400
CEO of Russia in Perpetuity, Vladimir Putin, was faced Monday with the tough truth of plummeting oil prices. Oil, of course, has been the lifeblood of Russia's renaissance in recent years.
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JC Penney Firmly Denies It Should be On Death Watch
Submitted by Tyler Durden on 01/20/2009 19:50 -0400JC Penney just issued a great PR titled "JCPenney Clarifies Unfounded Market Concerns Regarding Its Revolving Credit Facility."
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Risk-Free Profit Idea of the Day
Submitted by Tyler Durden on 01/16/2009 19:47 -0400Buy: Barrels of Oil (we do not have a position in this "security" so we hope the SEC does not bust our front door in an hour for position peddling)
Why? You pocket $25 RISK FREE per barrel for just holding on to it for 11 months
What is the Catch? U need a place to store a couple of barrels of oil...
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- 756 reads
Death Watch: New Entrant - New York Times
Submitted by Tyler Durden on 01/17/2009 19:39 -0400
The WSJ reports ($$$ link) that Mexican billionaire (or is that millionaire now, we need to double check) Carlos Slim Helu may bail out the New York Times.
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Attention Steve Rattner: Please Check This Out
Submitted by Tyler Durden on 01/19/2009 20:02 -0400As the clock ticks on labor and creditor negotiations for the Detroit 3 (it seems like only yesterday that people called them the Big 3) ahead of the March 31 deadline for the thumbs up/down decision, it might be prudent to look at this. All over the world millions of brand new unsold cars are piling up in vacant lots.
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