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FT Attacked For Posting Soros' Anti-CDS Propaganda
Submitted by Tyler Durden on 02/02/2009 21:50 -0400Luis Arenzana has written an open letter to the FT in which he claims that the old man may have finally lost a screw in the "risk assessment" category.
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More On Homeowner and Renter Vacancy Rates
Submitted by Tyler Durden on 02/03/2009 18:46 -0400
This is the summarized data on the troubling vacancy rates:
Homeowner Vacancy Rate 2.9% (in Q4)
Rental Vacancy Rate 10.1% (in Q4)
Pending Home Sales +6.3% (in Dec) vs. consensus flat
Some analysis from Goldman on this data. None of it is good:
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Russia Downgraded By Fitch To BBB
Submitted by Tyler Durden on 02/04/2009 14:29 -0400Russia was downgraded by Fitch this morning from BBB+ to BBB, the second lowest investment grade level. Both the MICEX and the rubble get additional pounding as a result.
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Goldman and Morgan Stanley Bankers To Stay in Cold New York
Submitted by Tyler Durden on 02/04/2009 18:04 -0400
As populist anger spreads and "investment" banks finally realize that the president is for real on this one, financial firms are actually starting to act appropriately.
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Full Madoff Client List Released, Published Here
Submitted by Tyler Durden on 02/05/2009 03:43 -0400Late Wednesday, Manhattan Bankruptcy Court released the full list of Madoff "clients" who have lost money with the ponz. List can be downloaded here. The list, prepared by AlixPartners, has 162 pages of 84 single-space lines identifying all the victims. We won't disclose any names for privacy reasons (which is probably counter intuitive as this list is public domain now), but readers will be surprised by some curious revelations.
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Overview Of The Travails At Norway's Sovereign Wealth Fund
Submitted by Tyler Durden on 02/03/2009 00:27 -0400Bloomberg has done a good (and lengthy) analysis of the worst year ever of the world's third largest sovereign wealth fund, the $300 billion Norway Government Pension Fund.
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Daschle Withdraws Nomination To Be Health and Human Services Secretary
Submitted by Tyler Durden on 02/03/2009 18:50 -0400
From Daschle's statement:
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Lehman Advisors to Pocket $1.4 Billion
Submitted by Tyler Durden on 02/04/2009 14:34 -0400
As we have pointed out before (here and here), the free-for-all that is the Lehman bankruptcy case is a gold mine for a whole lot of scavengers.
Cement Industry Really Stuck To Bottom Of River
Submitted by Tyler Durden on 02/04/2009 18:42 -0400
First HeidelbergCement, now Cemex.
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Late Wednesday Headlines
Submitted by Tyler Durden on 02/05/2009 04:32 -0400Brief headlines here as we go thru the Madoff list and try to determine if Kim Kardashian is now trustfundless:
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Eric Holder To Be Sworn In As U.S. Attorney General
Submitted by Tyler Durden on 02/03/2009 01:04 -0400
In other tax evading news (just kidding) Eric Holder won the Senate vote to be U.S. Attorney General with a 75-21 total vote. While nobody has found any irregularities with Eric's 1040 forms (yet), he has had his share of notoriety for pardoning fugitive financier Marc Rich when he was deputy AG under Bill Clinton.
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Daschle Withdraws Nomination To Be Health and Human Services Secretary
Submitted by Tyler Durden on 02/03/2009 18:50 -0400
From Daschle's statement:
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Lehman Advisors to Pocket $1.4 Billion
Submitted by Tyler Durden on 02/04/2009 14:34 -0400
As we have pointed out before (here and here), the free-for-all that is the Lehman bankruptcy case is a gold mine for a whole lot of scavengers.
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- 1154 reads
Melissa Francis v. Gasparino Round 1
Submitted by Tyler Durden on 02/04/2009 19:04 -0400Extra, Extra, Gasparino threatens to quit! Read all about it!
This exciting exchange just on CNBC:
Gasparino: Let me finish!
Melissa Francis: But you never finish!
Gasparino: Really? I could do this for some other place.... Please don't go down that road.
Bill Griffeth and MC Cabrera: [awkward laughter and shifty glances]
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Early Feb 5 Headlines
Submitted by Tyler Durden on 02/05/2009 13:58 -0400- Second-biggest reinsurer Swiss Re asks for $2.6 billion from Warren to keep rating (Bloomberg)
- Russia in Asia - we wrote about this, but WSJ thinks it is serious enough to bear repeating (WSJ)
- Not Ken Lewis' fault? Blame Bernanke - U.S.
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