Archive for September, 2007
NORTHERN ROCK SHARES HALTED
September 17th, 2007Can’t sell your Northern Rock shares? Try again later. Via: Reuters: Shares of Northern Rock PLC, one of Britain’s largest mortgage lenders, tumbled another 30 percent Monday as customers, driven by fears of insolvency, made a run on the bank and withdrew billions. Treasury Secretary Alistair Darling sought to assure depositors that their money was […]
More Than One Million Iraqis Killed Since U.S. Invasion
September 17th, 2007I see that O.J. is top news again. Via: ORB: In the week in which General Patraeus reports back to US Congress on the impact the recent ‘surge’ is having in Iraq, a new poll reveals that more than 1,000,000 Iraqi citizens have been murdered since the invasion took place in 2003. Previous estimates, most […]
Australia: Mobile Phone and Internet Surveillance Without a Warrant, Even for Non Terror Investigations
September 17th, 2007No worries, mate! Via: Sydney Morning Herald: SECURITY agencies would be able to secretly track people via their mobile phones and monitor their internet browsing for up to three months without obtaining a warrant under new laws due to go before the Senate this week. The powers could be used in a range of even […]
Northern Rock Online Clients Can’t Access Funds
September 17th, 2007No money today, try again later… Let’s see, off the top of my head, I like these related posts: Wells Fargo: WTF? Barclays Admits Borrowing Hundreds of Millions at the Bank’s Emergency Rate Waiting for Clarity on the Brink of Oblivion Via: Guardian: As thousands of customers queued up outside branches in a bid to […]
American Home Mortgage Bouncing Property Tax Payment Checks
September 17th, 2007Via: Baltimore Sun: Checks sent out by the troubled American Home Mortgage Investment Corp. to pay the property taxes of more than 70 homeowners in the Baltimore metropolitan area have bounced, local officials said yesterday. Baltimore City received bad checks for 53 properties – a total of about $63,500. Baltimore County said American Home Mortgage […]
Kick Em’ When They’re Down: Miners Spend Billions to Wipe Out Bad Gold Hedges
September 16th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. This might indicate that speculators will enter the market to bring the hammer down upon the big players who got caught short, squeezing prices much higher. If you’ve ever seen a nature documentary that shows how lions move in to attack […]
World’s Banks Hit for $30 Billion in Credit Crunch
September 16th, 2007Via: Times Online: THE world’s investment banks are to reveal a $30 billion (£14.9 billion) hit from bad debts as they unveil results that give the first real insight into the impact of the debt crisis. City analysts predict the banks will have to write down as much as 10% of the $300 billion of […]
Alan Greenspan Claims Iraq War Was Really for Oil
September 16th, 2007If the diabolical old prick had claimed that the War in Afghanistan was really about opium, I’d be be mildly impressed. Alas, no joy. Via: Times Online: AMERICA’s elder statesman of finance, Alan Greenspan, has shaken the White House by declaring that the prime motive for the war in Iraq was oil. In his long-awaited […]
Product Not Available: 2007 American Eagle Gold Uncirculated One Ounce Coin
September 14th, 2007HAHA! No gold today, please try again later. Via: U.S. Mint: Due to the increasing market value of gold, the American Eagle Gold Uncirculated Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time. We expect products to be available with adjusted pricing on […]
Northern Rock Shares Crash as Customers Queue
September 14th, 2007UPDATE: Police Called to Disperse “Panicked Crowds” of Northern Rock Customers Trying to Withdraw Money – – – – – Remember that number I told you to watch for on gold? $721. It reached $718 today. Via: Telegraph: Thousands of panicked Northern Rock customers have rushed to withdraw millions of pounds out of their accounts, […]
