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At The Altar: YHOO MSFT Part 2?
Submitted by Tyler Durden on 01/16/2009 18:08 -0400Bloomberg, citing the uber-dependant "person", reports that Microsoft's manic-depressive boss Ballmer has met with Yahoo's Chairman Roy Bostock in New York. Preamble to new marriage bells? We will keep you posted.
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Citi Files Summary Terms of Its US Government Joint Loss Sharing Program
Submitted by Tyler Durden on 01/16/2009 22:32 -0400For the full link to the 8-K, look here.
At this point on Friday we are too drunk to read thru this garbage.
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Death Watch: NYT About to Get George Romero Treatment
Submitted by Tyler Durden on 01/19/2009 05:37 -0400
I guess the expression "throwing good money after bad" hasn't quite made it to Tijuana yet. NYT reports that Carlos Slim is about to invest $250 million of 10 year 10% convertible preferred stock and that the New York Times board is meeting on Monday to formalize his investment.
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Real-Estate Values in Bastion of Hedgefundery Plummet
Submitted by Tyler Durden on 01/20/2009 01:03 -0400Yes, we all know median home prices are down, nobody is buying or selling anything, 30 year mortgages are the cheapest they have ever been but nobody can get one, yada yada... However, this is all for California, Nevada and Detroit, right? Wrong.
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One Third of Middle Market LBOs To Set Up Appointment with Cryptkeeper
Submitted by Tyler Durden on 01/20/2009 17:06 -0400
Jon Moulton, head of the cool sounding Alchemy Partners (I thought that was reserved for Paulson and Bernanke's upcoming hedge fund), has said that nearly one-third of mid-market buyouts could fall into receivership (UK equivalent of bankruptcy).
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Schrenker Gimmicks Put Bernie the Ponzasaur to Shame
Submitted by Tyler Durden on 01/14/2009 00:55 -0400
As the media whirlwind over the latest Ponzmaster becomes more and more acute, the disclosures about his past keep mounting to a point where what Madoff has done in comparison will likely soon seem tame.
Ponzasaur About to be Carted Off...
Submitted by Tyler Durden on 01/14/2009 18:23 -0400...in a Kia Sorrento???? oh the indignity... in what will probably be his last trip in a non Department of Corrections vehicle, Bernie will have to indulge in all the comfort of this Korean creem of the crop...
On the other hand it could have been this.
************ UPDATE ***********
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Chris Whalen: Bankruptcy Inevitable "End Game" for Citi
Submitted by Tyler Durden on 01/15/2009 17:19 -0400In a Bloomberg TV telephonic interview, Christopher Whalen, managing director of Institutional Risk Analytics, discusses the possibility that Citi may file for bankruptcy, which according to him is "inevitable". Our advice to Vikram regardless of what he does - don't hire Lazard if you need a DIP.
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Allocations of $825 Billion Stimulus Package Disclosed
Submitted by Tyler Durden on 01/16/2009 00:31 -0400
A Bill introduced today by House Democrats, highlights the $825 billion stimulus plan that is supposed to lead America out of its current deplorable state.
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U.S. Renaissance Late, Ted-Spread Blamed
Submitted by Tyler Durden on 01/13/2009 17:25 -0400Is anyone else tired of hearing Larry Kudlow's claims that the "Ted Spread is down" (which we assume is the new way of saying a spread is tighter, or alternatively the CNBC grammer nazis could be on strike, as evidenced by such pearls from Trish Regan as "Retail consumer spending changing for the good") will be the reason for the next American golden age?
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Schrenker Gimmicks Put Bernie the Ponzasaur to Shame
Submitted by Tyler Durden on 01/14/2009 00:55 -0400
As the media whirlwind over the latest Ponzmaster becomes more and more acute, the disclosures about his past keep mounting to a point where what Madoff has done in comparison will likely soon seem tame.
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740 Park Resident Angry That Other Members of Firm Also Greedy
Submitted by Tyler Durden on 01/14/2009 18:34 -0400Message from Steve Schwarzman
Issued: January 13, 2009
I am both saddened and outraged to have to tell you that the SEC has brought a civil complaint today against Ramesh Chakrapani in our Corporate Advisory Services Group, charging him with passing on inside information three years ago about a pending transaction on which he worked as a 30 year old vice president.
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Turkey Central Bank Rate Cut To 13%
Submitted by Tyler Durden on 01/15/2009 18:02 -0400Now that's some aggressive rate cutting
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Private Equity to Sift For Cement Shoes
Submitted by Tyler Durden on 01/16/2009 01:47 -0400
The Wall Street Journal reports that HeidelbergCement, whose CDS jumped by about 300 bps since when we wrote about the brewing troubles at the German cement maker, may be bailed out by Goldman Sachs and TPG who are allegedly considering buying
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Former NYT Editor To Control Car Industry
Submitted by Tyler Durden on 01/13/2009 19:06 -0400
In an article today, Bloomberg picks up on a theme that we commented on yesterday regarding Steve Rattner's imminent appointment to the throne of all things auto.
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