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REITs Next To Receive Bail-Out Funding?
Submitted by Tyler Durden on 01/20/2009 20:46 -0400REITs 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.
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Breaking News: Steve Jobs Considering Liver Transplant
Submitted by Tyler Durden on 01/16/2009 21:30 -0400After incessant media bugging, Jobs break down "Why don’t you guys leave me alone -- why is this important?”
Poor guy, all joking aside, this is pretty horrible and again our thoughts go with him
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Saturday Afternoon Ponzi: Now in Idaho, And Totally Organic
Submitted by Tyler Durden on 01/17/2009 21:04 -0400WSJ reports ($$$ here) of another one. Seriously now, they have hedge funds in Idaho? I think we have reached our saturation point - one a day now, soon to be dozens: 34 of the 1,684 hedge funds reporting quarterly results have never had a down quarter (you listening SEC, you may want to do something here proactively).
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Death Watch: Greece, and What Its Default Could Mean
Submitted by Tyler Durden on 01/19/2009 20:35 -0400
The biggest threat to the U.S. Obama rally and the miracle recovery proposed by Democrats in the $825 billion bail out package may possibly reside about 6,000 miles away in Greece.
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Death Watch: Banking System
Submitted by Tyler Durden on 01/20/2009 14:33 -0400
Or at least according to Nouriel Roubini. The NYU professor and longtime pessimist fired the latest shot across the bow of the financial house of cards. His claim: financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is "effectively insolvent."
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- 1315 reads
HeidelbergCement Trying to Avoid The Cement Shoes
Submitted by Tyler Durden on 01/13/2009 21:30 -0400
HeidelbergCement, the world leader in aggregate production which over the past year has lost over 60% of its equity value, and one of the main holdings of recently deceased Adolf Merckle who got caught shorting Volkswagen (for a brief period of time the wo
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- 1366 reads
Galloway and Rattner Joining Forces to Make Sure All Well At NYT
Submitted by Tyler Durden on 01/14/2009 15:41 -0400
In a rather edgy back and forth between Michael Hirschorn of the Atlantic and Catherine Mathis, SVP Corporate Communications at the NYT, each one blames the other for calling the kettle black.
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Breaking News: Steve Jobs to take Medical Leave Until End of June
Submitted by Tyler Durden on 01/14/2009 22:36 -0400"Team, I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family,but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.
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- 750 reads
Market Not Sure Why It Is Rallying But Doing So Anyway
Submitted by Tyler Durden on 01/15/2009 20:06 -0400S&P posting a 20 point rally in past hour. Talking heads speculating this is due to expections of more taxpayer money about to come and bail everyone out via TARP 2 any second. This obviously did miracles last time around.
- 697 reads
More On The Secretive Frank and Charlie
Submitted by Tyler Durden on 01/16/2009 15:16 -0400
Good to see we are on to something. In our breaking expose from Wednesday we presumed that there is more than meets the eye with Frank DiPascali and Charlie Wiener, the other, heretofore secretive Lipstick building 17th floorites.
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- 1037 reads
HeidelbergCement Trying to Avoid The Cement Shoes
Submitted by Tyler Durden on 01/13/2009 21:30 -0400
HeidelbergCement, the world leader in aggregate production which over the past year has lost over 60% of its equity value, and one of the main holdings of recently deceased Adolf Merckle who got caught shorting Volkswagen (for a brief period of time the w
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- 1612 reads
Nortel Fiasco Causing Ripples
Submitted by Tyler Durden on 01/14/2009 15:52 -0400In an example of what we will be seeing a whole lot more of in the next few days, Flextronics issued a press release, claiming "it has been proactively engaged in executing a risk mitigation plan with respect to its relationship with Nortel for a period of several months. In December 2008, Flex engaged The Blackstone Group as it financial advisor to assist with evaluating the Nortel relationship and planning for any Nortel restructuring strategy." In addition, Flextronics will provide more specific financial details associated with today's news on its January 28, 2PM earnings call.
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- 890 reads
Breaking Expose: So... Where are Frank and Charlie?
Submitted by Tyler Durden on 01/15/2009 00:53 -0400With the public's attention having been exclusively focused on Bernie, his sons Marc and Andrew, and Bernie's "three-man accountant company" lead by David Friehling, a question that is intriguing more and more people is who/what/where are Frank DiPascali, the 51 year old CFO of Bernard L Madoff, and Charles Wiener, Bernie's 50 year old nephew, listed as Director of Administration, who were the only other tenants on floor 17 of 885 Third Avenue.
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- 1482 reads
Step-By-Step Guide to Near-Term Budget Deficit Funding
Submitted by Tyler Durden on 01/15/2009 20:23 -0400- Read more
- 975 reads
Nortel Upping The Suspense To Fever Pitch
Submitted by Tyler Durden on 01/13/2009 22:11 -0400
Our readers at Reuters picked up today where we left off yesterday, and apparently had more luck in getting through to someone at the company than just the switchboard...However, not much information was gleaned: "It is our policy to not co
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