Frontrunning: January 7
Secret and Lies of the Bailout (Rolling Stone)Banks Win 4-Year Delay as Basel Liquidity Rule Loosened (BBG)Hedge Funds Squeezed With Shorts Beating S&P 500 (BBG)Bankruptcy regime for nations urged...
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AIG Has Every Right & Responsibility To Sue The US For Excessive Interest...
Maurice Greenberg, the ousted CEO, Chairman, and founder of AIG who remains a major investor in the company, filed suit in 2011 on behalf of fellow shareholders against the government. He has urged...
View ArticleWe Are Still Going Sideways
Here are slides of my updated/revised presentation on sideways markets. Over the last three months I’ve given talks on sideways markets three times, to CFA Societies in South Florida, New Zealand,...
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What Really Goes On In China
Authored by Edward Chancellor and Mike Monnelly of GMO,Feeding the Dragon: Why China's Credit System Looks VulnerablePrologueFor GMO's asset allocation team, valuations are our first protection against...
View ArticleIceCap Asset Management: "The Queen"
From IceCap Asset Management, January 2013The QueenShe adores hats. She is always very polite and respectful of others. She waves to everyone, and consistently avoids conflict. She is a lady; she is...
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Italian Regulator Responds To Plunging Saipem Stock: Bans Shorting
Yesterday the stock of Italian offshore oil services company Saipem SpA imploded nearly 40% after the company said it expected 2013 net profits to be, oh, just around 50% below current consensus. In...
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Delta Airlines Got an Oil Refinery: The Math Does Not Work
By EconMattersExxon Mobil Corp. (XOM), the world’s biggest energy company by market cap, said its 4Q profit rose to a five-year high boosted by its refining arm from growing supplies of cheap U.S. oil....
View ArticleDELL Deal Done
With a modest premium over yesterday's closing price (and 25% premium to Jan 11th price), and thanks to a big hand from Microsoft (with a bridge not an equity participation), Michael Dell (and Silver...
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Subprime ABS Securitizations Are Back As Absolute Worst Of The Credit Bubble...
Back in 2007, at the peak of the credit and housing bubble, Wall Street knew very well the securitization (and every other) party was ending, which is why the internal names used for most of the...
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Europe's Fixed Just Like Wall Street Was "Fixed" in May 2008, How'd That Turn...
In 2008, as the financial crisis picked up steam, one by one the big bank Wall Street CEOs came forward to assure everyone that “everything is fine” and that their banks were “well capitalized.”Anyone...
View ArticleHeinz Confirms It Will Be Acquired By Buffett In $28 Billion Transaction At...
Just released by Heinz. Luckily, the brand new US Secretary of State has a full conflict of interest release.H.J. Heinz Company Enters Into Agreement to Be Acquired by Berkshire Hathaway and 3G...
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More Layoffs Coming in Financial Markets
By EconMatters Trading: State of the Union I was visiting a large Oil trading floor last year, and they were having their big state of the union town hall on the floor and the CEO of the group that...
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Guest Post: Visualizing Bob Farrell's 10 Investing Rules
Via Lance Roberts of Street Talk Live blog,As the markets once again approach historic highs - the overly exuberant tone, extreme complacency and weakness in the economic data, bring to mind Bob...
View ArticleDEMOLISHING the Justifications for the Too Big Banks
When Internationally-Accepted Accounting Methods Are Used, American Banks Are the World’s LargestWe have extensively documented that failing to break up the big banks is destroying America because:The...
View ArticleGuest Post: Meet Mary Jo White: The Next SEC Chief And A Guaranteed Wall...
Submitted by Michael Krieger of Liberty Blitzkrieg blog,Obama’s nominee to head the SEC, Mary Jo White, is just another gatekeeper appointed to make sure no one ever goes after the Wall Street crime...
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Guest Post: Corporatism - State-Controlled Capitalism
Submitted by Michael Snyder of The Economic Collapse blog,Corporatism: A System Of Control Designed By The Monopoly Men Of The Global EliteThe Dow is at a record high and so are corporate profits - so...
View ArticleFed Lies On The Record To Protect Bank Of America, Pulls Testimony
In late 2010, in a superficially stunning move, Bank of America was sued by, among many others, the New York Fed over the biggest bogeyman for the bank's balance sheet - its legacy portfolio of super...
View ArticleOnly a Tiny Percentage of Americans Opposed to Breaking Up Big Banks
A new Huffington Post/YouGov poll finds:Sixty-one percent of respondents said that banks and other financial institutions have become too large and powerful ....A Rasmussen poll conducted last month...
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Witches Brew: Part 4 - Reality Bites, The Specter of Things to Come
Send to A Friend | View as PDF | View Newsletter Archives | Subscribe to TedBits.comA New Issue of the TedBits Newsletter, written by Ty Andros, is Available!Click here to read the newest TedBits...
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Why Is Gold Crashing?
Gold Crashes Most in 30 Years … What Does It Really Mean?Gold has fallen off a cliff. It has fallen faster than at any time in the last 30 years.Zero Hedge notes:Adding insult to injury, the Shanghai...
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