Who said there is no free lunch in Wall Street ?

" Most banks are trading lower with the notable exception of JPMorgan. Current increase in market cap after the Bear deal: around $11 billion I will add that this number happens to be very close to Bear Stearns book value."It is actually more like 13B by the end of the...

Fed Announces New Initiatives

"""The Federal Reserve on Sunday announced two initiatives designed to bolster market liquidity and promote orderly market functioning. Liquid, well-functioning markets are essential for the promotion of economic...

Pink iPhone - for geeky gals

To all geeky gals! The biggest question of the day is:WOULD YOU PAY AN EXTRA $300 FOR THE PINK iPHONE?   for the full story

"Stiletto Run": the annual fashionistas workout

"Some of us run in stilettos every morning, so there is nothing really unusual in this fact, but Amsterdam fashionistas once a year get a chance to run in their stilettos for cash! About $15,000 are on the line...

Fury over Northern Rock nationalisation

I can not see how this trend will be coming to the US but then again no one saw it coming to GB."Alistair Darling on Sunday announced the first nationalisation of a sizeable British bank in a quarter of a century as he put Northern Rock into public ownership, infuriating...

Hank Paulson "The Worst is Just Beginning" in Housing

check out the video This guy was the head of Goldman Sachs?  I thought these types had some public speaking skills. I guess he found it very hard to tell us with a straight face that the worst is yet coming but the US can avoid recession... Mortgage Crisis Spreads...

Latest Walk-Away: Toll Brother Family Member

"One of the Toll family members decided to walkaway from a condo purchase: "Luxury builder Toll Brothers Inc (TOL), hurt as many buyers to try to get out of contracts for new homes amid falling prices, says a member of its founding family is trying to walk away from an...

Angelina Jolie in Iraq

"ngelina Jolie arrives by plane and makes her way into the Green Zone in Baghdad, Iraq on Thursday.  As goodwill ambassador for the U.N. High Commissioner for Refugees, the 32-year-old do-gooder was on a...

Anna Wintour, Giving Clinton the cold shoulder ???

Vouge's editor in chief of American Vogue, Anna Wintour, is said to be anything but impressed with the woman of the political hour (Hillary Clinton) as a result of being a NO - SHOW to a Vogue, (yes Vogue,...

Thumbs Race as Japan’s Best Sellers Go Cellular

"“Love Sky,” a debut novel by a young woman named Mika, was read by 20 million people on cellphones or on computers, according to Maho no i-rando, where it was first uploaded. A tear-jerker featuring adolescent sex, rape, pregnancy and a fatal disease — the genre’s...

CNBC's Gasparino: Citigroup Writedown Could be $24B

"Charlie Gasparino reported on CNBC that sources inside the firm have told him the Citigroup write downs could be $24 billion when earnings are announced next Tuesday.  Usually I wouldn't post every discussion of possible future write downs, but these whisper numbers are...

Nicole Richie and Christina Aguilera give birth on the same day!

"MSNBC reports that Christina Aguilera’s baby has been born.  They talked to Jim H. Fogel, a friend of Aguilera’s father-in-law. “He’s so thrilled to be a grandfather again,” Fogel said. No report...
 

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