September 10, 2008
Some wise-ass comments just write themselves: Employees of the federal agency in charge of collecting royalties from oil and gas companies accepted gifts from industry representatives, engaged in "sexual relationships with industry contacts" and engaged in "alcohol abuse" while socializing...
From my inbox, the subprime spam du jour: FAITH-BASED EARLY WARNING SYSTEM FOR INVESTORS: “PROPHETIC” RELIGIOUS GROUPS SOUNDED SUBPRIME LOAN ALARM 15 YEARS AGO Gosh, it turns out there were two faith-based early warning systems in debt markets. The credit...
The more I listen to the non-business media, the more I think the President needs to get on TV and explain what's happening in financial markets. It would be nice if he took some responsibility too, but I'll settle for...
Interesting that all of a sudden chatter has moved from Sovereign Wealth Funds buying broken U.S. financials, over to Canadian banks doing same. This strikes me as more casting about for plausible balance sheets, but it's not impossible. More seriously,...
I just realized ... wasn't the first test of the Large Hadron Collider around the same time as the Lehman announcement this morning? Dick Fuld is a brave man....
From the oil speculators are evil file, a new report makes all kinds of loop suggestions about how to save us all from commodities markets: Washington lawmakers and a money manager, stepping up an attack on commodities investors, will unveil...
