Hedge Funds, LBOs and Banksters, oh my!
The other day many of us were exposed to a BBC interview where a business reporter kept repeating the tired old mantra that hedge funds had no involvement with the global economic meltdown.Oh...
View ArticleDecline and fall (maybe) … Nov 27, 2010
A purely subjective look at our chances to survive those who rule usMichael CollinsIt will be months if ever before trials to start for the targets of the FBI raids. In the meantime, Congress failed to...
View ArticleObama Gets His Groove On
It's the Math! If only that was more often declared in Washington D.C., a basic arithmetic test required of all elected representatives, we wouldn't be in the mess we're in today.
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Saturday Reads Around the Internets - Little White Lies
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
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When Hedge Funds Trump Governments
While Greece suffers to the point of revolution and suicide, hedge funds made out like bandits on Greek sovereign debt. Greece had reached its target of buying back enough bonds at a discount to retire...
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There Goes Detroit!
Detroit just filed for bankruptcy. This is the largest city bankruptcy in U.S. history and much of it has to do with the banks.Legions have fled Detroit over the last decade.Detroit lost a...
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The Missing Cohen Criminal Charges on SAC Capital Insider Trading Indictment
The headlines blaze criminal charges for SAC Capital Advisors, a wayward hedge fund. Yet if one reads the Southern district of New York indictment, it is fairly obvious the owner is getting off the hook.
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Brewing Signs of Housing Trouble
We've all been wondering how home prices could be soaring when wages are so low and an estimated 10 million foreclosures have been completed. Now a wave of reports are pointing to more trouble in...
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Safeway Skewered for Throwing 6,000 Workers Under the Bus in Video Parody
Safeway closed a whopping 72 Dominick's grocery stores resulting in 6,000 jobs lost. They acquired Dominck's grocery chain, engaged a hedge fund, hyped up the stock price and then promptly shuttered...
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Wall Street Players and Pianos
The Baldwin Piano Company was once the largest US-based manufacturer of pianos. The company can trace its origins back to 1857 by Dwight Hamilton Baldwin. By 1913, business had become brisk, with...
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