Archive for November, 2007
Unloading Toxic Waste Mortgage Backed Securities: “We Americans Were Very Clever”
November 2nd, 2007We’ll see how clever they are when the Good Fellas show up to collect. At some point, this thing is going to start looking less like a financial crisis and more like a mob war. How do I know? Because I got a job that resulted from a decapitation strike against the computer systems of […]
New York Attorney General Sues First American Corp. for Allegedly Colluding with Washington Mutual Inc. to Use a List of Preferred Appraisers to Inflate Mortgage Appraisals
November 2nd, 2007Note this passage from the story below: Washington Mutual isn’t listed as a defendant. At the press conference, Cuomo said his office chose not to pursue Washington Mutual as a defendant because of jurisdictional issues since the company is a chartered federal financial institution. Washington Mutual executives should expect a visit from the feds at […]
LARGEST FED INTERVENTION IN FINANCIAL SYSTEM SINCE 9/11 AFTERMATH
November 2nd, 2007Who needs trading curbs with the Plunge Protection Team on the job? I wonder if They’re going to run out of zeros in the computers that “print” the “money”? Via: AP: The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through […]
Loonie at All Time High vs. Dollar
November 1st, 2007Ay? Via: Globe and Mail: The seemingly unstoppable Canadian dollar surged to its highest level yet Wednesday, topping 106.17 cents (U.S.). The record came just after 4 p.m., when official trading ended for the day. Officially, the dollar closed at 105.85 cents, up nearly a cent from Tuesday’s close, but trading continues virtually around the […]
Gold Rises on Fed Rate Cut
November 1st, 2007Here’s my take on this from several days ago. If any of you were waiting to hedge with some put options at higher strikes… Here they are. Thank you. I’ll be here all week. Tip your waitress. To those of you who trade options on futures (not options on equities), which firms are good these […]
NYC’s ‘Realtor to the Stars’ Found Murdered
November 1st, 2007Fuggetaboutit. Via: CBS News: CBS 2 News has learned that Linda Stein, the former manager of the Ramones and “realtor to the stars,” was found dead, lying in a pool of blood in her multi-million-dollar Fifth Ave. apartment on Manhattans’ Upper East Side. Police confirm she suffered blunt impact trauma to the head and neck. […]
China: Birth Defects Soar Due to Pollution
November 1st, 2007These are just the numbers released by the diabolical Chinese regime. What are the real numbers!? Via: Guardian / Reuters: Birth defects in Chinese infants have soared nearly 40 percent since 2001, a government report said, and officials linked the rise to China’s worsening environmental degradation. The rate of defects had risen from 104.9 per […]
