New York State Attorney General Andrew Cuomo is none too happy with $4 billion in recent Merrill Lynch bonuses!
Enjoy:
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In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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February 12th, 2009 at 3:48 pm
If your hedge fund has collapsed, the bank foreclosed on your mansion and the Bentley’s been repossessed, don’t worry, you can still toast the new year with caviar.
Well, fake caviar. Waitrose supermarket chain in Britain is selling something it calls Arenkha MSC with a similar texture and taste to the much-prized sturgeon roe but at a fraction of the price. It says it combines “smoked herring with squid ink, lemon juice and spices.
LOL
February 12th, 2009 at 3:48 pm
How soon before he launches his bid for governor?
February 12th, 2009 at 3:49 pm
I’ll care when I see holds put on their personal accounts. Until then, it’s all smoke and mirrors.
February 12th, 2009 at 3:52 pm
Kinda makes the “Quote of the day” ( and Keynes in particular ), look ridiculous.
February 12th, 2009 at 4:50 pm
Get it back, put them in jail and he should be governor.
February 12th, 2009 at 7:07 pm
Spitz can come back as AG, if he’s had enough candy….