Do not be too worried as it is only a 1/4 billion dollar hit…but it begs the question of why now when the company is supposedly in a “good” cash position?
Comments »Did Bill Ackman Make a Blunder Trade ?
Check Out How El-Erian Measures the Health of a Bank
EU Ministers Consider More Firepower On Debt Problems Given Global Equity Meltdown
Really they just noticed there was a problem in the market place.
Who hired the Euro trash ?
The Santelli Job Creation Rant
EU Regulator: Mid Tier Banks Will Not Be Pushed To Raise Capital Any Sooner Than the Current Time Table
Today’s FT headline that made the market rally was all conjecture and mis direction out of Europe.
Comments »Geithner Says He is Sure the EU Will Boost the Bailout Funds For the Sovereign Debt Crisis
“They recognize that if you let, as the United States did in the early part of 2008, the momentum of these concerns build, they’re very hard to arrest, much more expensive to arrest,” Geithner said.
“So you’re going to see them act with more force in the coming weeks and months,” he said.
“I am very confident they’re going to move in the direction of expanding the effective financial capacity of that set of financial ring fences because they have no alternative and they recognize that and they’re going to do it,” Geithner said.
Comments »FLASH: John Paulson’s Nuts Were Cut Off Today
No. Ticker Inst. Holdr. (% outstanding) Institutional Holder % Change
1 LNG 4.05 PAULSON & COMPANY, INC. -13.98
2 ANR 9.93 PAULSON & COMPANY, INC. -10.99
3 FCH 4.58 PAULSON & COMPANY, INC. -8.55
4 DEXO 7.33 PAULSON & COMPANY, INC. -8.22
5 MTN 6.21 PAULSON & COMPANY, INC. -7.72
6 RIG 5.87 PAULSON & COMPANY, INC. -7.50
7 HHC 4.88 PAULSON & COMPANY, INC. -7.34
8 NG 8.47 PAULSON & COMPANY, INC. -7.18
9 GFI 3.42 PAULSON & COMPANY, INC. -7.15
10 C 1.15 PAULSON & COMPANY, INC. -6.27
11 BPOP 6.55 PAULSON & COMPANY, INC. -6.12
12 AU 10.47 PAULSON & COMPANY, INC. -5.90
13 BZH 7.66 PAULSON & COMPANY, INC. -5.85
14 MYL 3.50 PAULSON & COMPANY, INC. -5.67
15 APC 3.36 PAULSON & COMPANY, INC. -5.67
16 WY 5.57 PAULSON & COMPANY, INC. -5.62
17 RF 1.54 PAULSON & COMPANY, INC. -5.52
18 BEE 4.31 PAULSON & COMPANY, INC. -5.52
19 BSX 5.26 PAULSON & COMPANY, INC. -5.40
20 RKT 6.23 PAULSON & COMPANY, INC. -5.27
21 BAC 1.22 PAULSON & COMPANY, INC. -5.02
22 IP 2.29 PAULSON & COMPANY, INC. -4.97
23 MGM 8.53 PAULSON & COMPANY, INC. -4.90
24 PMI 3.09 PAULSON & COMPANY, INC. -4.76
25 BZ 6.59 PAULSON & COMPANY, INC. -4.33
26 WHR 3.27 PAULSON & COMPANY, INC. -4.08
27 GEN 6.69 PAULSON & COMPANY, INC. -4.07
28 SNI 2.35 PAULSON & COMPANY, INC. -4.07
29 STI 5.99 PAULSON & COMPANY, INC. -3.58
30 LEA 4.04 PAULSON & COMPANY, INC. -3.58
31 HIG 9.10 PAULSON & COMPANY, INC. -3.50
32 SHO 3.13 PAULSON & COMPANY, INC. -3.48
33 CBG 4.15 PAULSON & COMPANY, INC. -3.33
34 BAX 1.40 PAULSON & COMPANY, INC. -3.06
35 XL 0.00 PAULSON & COMPANY, INC. -3.00
36 LIFE 4.17 PAULSON & COMPANY, INC. -2.96
37 BYD 4.64 PAULSON & COMPANY, INC. -2.88
38 GGP 2.07 PAULSON & COMPANY, INC. -2.61
39 THC 4.22 PAULSON & COMPANY, INC. -2.58
40 ACAS 12.36 PAULSON & COMPANY, INC. -2.48
41 ARG 1.78 PAULSON & COMPANY, INC. -2.22
42 NVS 0.27 PAULSON & COMPANY, INC. -1.73
43 AON 2.81 PAULSON & COMPANY, INC. -1.63
44 RAH 6.70 PAULSON & COMPANY, INC. -1.62
45 BLK 1.04 PAULSON & COMPANY, INC. -1.59
46 COF 4.59 PAULSON & COMPANY, INC. -1.50
47 SLXP 2.54 PAULSON & COMPANY, INC. -1.43
48 RLJ 2.59 PAULSON & COMPANY, INC. -1.43
49 FHN 2.91 PAULSON & COMPANY, INC. -1.38
50 FDO 2.87 PAULSON & COMPANY, INC. -1.17
BRICS Get Publicly Sketchy on Bailing Out Europe
G20 meeting reveals some apprehension on BRIC nations bailing out European banks and sovereign debt issues.
Comments »
Lunch Break: Ignore The Talking Heads
Thankfully, we are not alone @ iBC
[youtube:http://www.youtube.com/watch?v=EHJmPcILfg8 450 300] Comments »Global Ponzi Scheme Crumbles
Rogue Trader Losses @ UBS May Now Exceed $2.3 Billion as Fraud Has Been Ongoing Since 2008
G20 Worries Over Contagion
Europe must have taken stupid pills as they have still not made any decisive actions to get ahead of the curb. G20 nations freak out over contagion writing a letter pleading for some sense of leadership.
Comments »Citigroup Funds Analytic and Predictive Software Company Silver Tail Systems
It Can Be Expensive to be Poor
EL-ERIAN WARNS: “These Are All The Signs Of An Institutional Run On French Banks”
DICK bove: Moody’s ‘Out of Its Mind,’ Ratings Action ‘Absurd’
ECB Increases Italian Bond Purchases
Greece Commits to Budget Cuts to Ensure Next Support Tranche
The global problems are now extending well beyond Greece; which was the primary focus for downside in equities the past month or so…
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