Reuters: Business News AP Top Business News At 7:47 a.m. ESTNo sooner had I posted on the pending destruction of money market funds than news of the bailout hit.
According to a number of traders, a total collapse of the DOW was immanent.
Almost Armegeddon
The market was 500 trades away from Armageddon on Thursday, traders inside two large custodial banks tell The Post.
Had the Treasury and [...]
Filed under: Uncategorized | Tagged: financial meltdown, mfsw, money market funds | Leave a Comment »
With a Presidential election in sight, this week’s financial crisis has exacerbated pundits’ unsavory inclination to point fingers. Here is an article that shines a light on the outrageous behavior of investment bankers without rushing to judgement about which political party is more to blame.
In fact, the article, written by a hedge fund manager and [...]
Filed under: Securities & Exchange Commission, Uncategorized | Tagged: Eric D. Hovde, greenspan, hedge fund, Hovde Capital, investment bank scandal, mfsw, sec, us congress, Wall Street | Leave a Comment »
