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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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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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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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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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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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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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- 836 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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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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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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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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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.
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- 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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- Read more
- 1037 reads