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  • Wall Street Breakfast: Must-Know News [View article]
    If you're looking for a job, I think the best place to work nowadays is for head hunters. This is bad, but at least Lehman didn't get bailed out by the Fed...
    Sep 15 09:23 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    SEC is investigating 'false rumors' -- isn't that an oxymoron? Besides, rumors are inherently dubious, and should not be taken at face value.

    Still, it's a common fact that Bear Stearns collapsed because it was a horrible counter party that refused and negotiated liquidity requests. As a result of their subpar business practices, no one wanted to do business with them and demanded their money, which was the final nail in the coffin.
    Jul 15 09:24 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Ishortyou,

    "Ambac and MBIA have asked Fitch to stop assigning them a financial-strength rating." Why do you think that is? With the downgrade from thier AAA credit rating, they can kiss new business goodbye. Just wait until the muni bonds they insure start going belly-up. These companies are facing a perfect storm of problems -- anyone going long on these stocks are speculators at best, and gamblers at worst.
    Jun 19 09:00 am |Rating: 0 0 |Link to Comment
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