Dutch Pension Giant Sues Bank of America

Posted by: Leo Kolivakis

Post date: 03/17/2010 - 19:38

One of the world's largest pension funds is suing Bank of America for more than $90m over its 2008 takeover of Merrill Lynch, claiming the banking giant failed to disclose the full extent of losses at the US investment bank. It's about time pensions got tough, but is it too little, too late?

More Evidence that Banks Create Credit Out of Thin Air

Posted by: George Washington

Post date: 03/17/2010 - 17:25

I recently provided evidence that banks create credit out of thin air.I've just found two more pieces of evidence ...

Germany Finally Comes Out and Says, "We're Not Touching Greece" - Well, Sort of...

Posted by: Reggie Middleton

Post date: 03/17/2010 - 15:35

Germany is openly saying what we all really know, Greece is probably !@#!$%. The problem is, how can Greece go down without pulling half the Euro zone with it? The Greek tragedy saga is much worse than the mainstream media is making it out to be. Reference my annotation on today's Bloomberg article...

Nodes of term John Paulson

"Not A Time To Chase This Market To A Bubble Peak" (31 comments)

An Unbelievable Opportunity in Gold (64 comments)

Betting on Big Rise in Yields? (40 comments)

Debugging Gold for the Gold Bugs (78 comments)
Do Blogs Compete at a Level that Threatens Mainstream Media? (4 comments)
Doug Kass Predicts 2010's Big Colored Swans And Turkeys (76 comments)

Early February 26 Headlines

Fred Hickey On Gold (70 comments)
From The Man Behind The Paulson ABX Trade, Paolo Pellegrini, Comes The First Investor Letter And A 81% Return YTD (51 comments)
Frontrunning: February 19 (10 comments)
Frontrunning: June 10

Gold and Economic Freedom: Did Greenspan Know What He Was Doing? (158 comments)
Gold and Euro: A New Tango For 2010 (23 comments)
Gold To Skyrocket As Paulson Personally Invests $250 Million In New Gold Fund (138 comments)
Gold: It’s All about the Dollar…and Yes, Dr. Roubini, Inflation (30 comments)
Gold: Technical Correction Before the Final Frontier (87 comments)
Gold? (33 comments)
Goldman Sachs exotic housing bet; was it illegal ? (59 comments)
Greek Spies Hot On The Trail Of CDS "Speculators" Who Singlehandedly Destroyed Greece (50 comments)
Guest Post: The CDOs That Destroyed AIG: The Big Short Doesn't Quite Reveal What They Knew And When They Knew It (17 comments)

Hedge Fund Heave-Ho? (16 comments)
Hot Hedge Fund Trades of 2010? (12 comments)

IG 13 Constituent Spread Update (9 comments)
In defense of the TBTFs, or the true originators of moral hazard (65 comments)

Jim Cramer's Recommendation On CIT From Yesterday: "Primed For Upside. I Would Buy" (124 comments)
John Paulson Caught In Bidding War Over Bankrupt Telephone Directory Maker (20 comments)
John Paulson's ABX Oracle Paolo Pellegrini Discusses Anemic Real Stock Returns, Blasts Federal Reserve (25 comments)

New York State Common Retirement Fund (Dumbest Money Imaginable) Does Not Participate In Q3 Stock Rally (37 comments)

Paulson & Co's Q3 Letter (7 comments)
Paulson Adds $1.5 Billion Of Citi Stock, Sells Entire Goldman Stake And Some Bank Of America (72 comments)
Paulson Buys 9.9% Of Insurer Conseco (9 comments)
Paulson's Gold Fund Loses 14% In One Month (86 comments)

The $700 Billion U.S. Funding Hole; Desperately Seeking A Very Indiscriminate Treasury Buyer (194 comments)
The Big Thinkers: The Brainy Awards (30 comments)
The Enduring Lessons of the Last Ten Years (13 comments)
Two Cents about the Squid, Banks, Gold and Monetary Criminals (101 comments)

Whither Gold, That Barbarous Relic (48 comments)

Yet Another Rushed Transaction Makes Paulson $50 Million Richer

2009: Why It Will Affect Everyone's Future For Generations To Come (116 comments)

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