Truemors
is reporting from
Member
NP Rank:
NP Rank:
The Collapse of the Shadow Banking System
NYU Professor, Nouriel Roubini called the sub prime collapse and more recently the Lehman collapse months before it happened. He speculated over the weekend what a failure of Lehman might mean. The... "Let Them Eat Cake" - Washington & Wall Street Loot the Banks
"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you,... Behind Insurer’s Crisis: Caught in a Web of Risk
The article below discusses the fragile nature of the existing credit system, though maybe it's too early for a post-mortem when the patient is still thrashing on the operating table. While the mortgage crisis... Why Warren Buffett invested in Goldman Sachs?
Smartest investor of world beting on his billion Dollor Plan " When Warren Buffett's Berkshire Hathaway invested $5 billion in Goldman Sachs, it came as a major surprise. Since the billionaire's massive investment comes at a time when the... America Must Rescue the Bonuses at Goldman Sachs
"America Must Rescue the Bonuses at Goldman Sachs: Michael Lewis Commentary by Michael Lewis Sept. 24 (Bloomberg) -- Anyone who caught even a sliver of yesterday's hearings in the U.S. Senate on the proposed Treasury bailout of the mortgage-backed securities market knows that... $521,000: The average pay of Goldman Sachs employees and that includes sec...
Just in case you thought you were paid enough for what you do...... " They call it Goldmine Sachs. And well they might. Because the Wall Street giant has become the first major investment bank to see its average salary top half a million dollars. ... Leading American Insurer AIG close to bankruptcy
Leading American Insurance company American International Group Inc. is in the bad shape and likely to file for bankruptcy. However they have been allowed to use $20 billion of assets held by its subsidiaries... Simpson's Past Back in Spotlight As New Trial Opens
Jury members at O.J. Simpson's criminal trial in Las Vegas were given a stark reminder of the football star's controversial past. During the first day of the trial, Chief Deputy District Attorney Chris Owens referred to the civil judgment against Simpson in the murder of...RBS Shareholders Take 95.1% of Stock in Rights Offer
In the biggest European share sale and the first one in the UK sinc ethe economic turmoil began, RBS has seen shareholders buy 95 percent of stock, giving it an additional 11.6 billion pounds."Royal Bank of Scotland Group Plc saidshareholders bought 95.1 percent, or 11.6...Report: GE getting out of appliance business
"General Electric Co. plans to auction off its appliances business, The Wall Street Journal reported Wednesday.GE has hired Goldman Sachs Group Inc. to run an auction for the appliance division, according to the newspaper, which quoted unidentified sources. The sale could...Goldman: Wall Street Faces $460 Billion in Debt Writedowns
Is a trillion the new size 6? This gets us half the way there:"Goldman Sachs forecasts global credit losses stemming from the current market turmoil will reach $1.2 trillion, with Wall Street accounting for nearly 40 percent of the losses.U.S. leveraged institutions,... Is Citigroup Solvent?
There are some very disturbing questions bouncing around today about whether Citigroup could go belly up."Citigroup, which has incurred $22.1 billion in losses from the subprime crisis, has $320 billion in... Goldman Sachs--a Higher Intelligence?
"What's odd about the subprime crash is Goldman Sachs Group Inc. A single firm took a position contrary to the rest of Wall Street. Giant Wall Street firms are designed for many things, but not, typically, to express highly idiosyncratic views in the market...By the end of...Getty Images May Sell For More Than $1.5 billion, Report
This will be a substantial acquisition for whomever ends up acquiring Getty Images, at a projected price tag of more than $1.5 billion."Getty Images Inc, the world's biggest supplier of pictures and video to media and advertising companies, has put itself on the auction block...Israeli journalists under investigation
"Three Israeli journalists who traveled to Lebanon and Syria are under investigation by the Israeli police for travel to "enemy" countries. One of them, Lisa Goldman, has been part of the informal We Media community for some time. She participated in the 2006 We Media Global...
Recent Comments
Top Members Today
Top Rookies
Top Veterans
527
pointsShankarlal
Jodhpur, Rajasthan, India
261
pointsfrancisrivera
Santa Rosa, Philippines
127
pointstravel_photography
Calgary, Canada
