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All you can eat re: financial meltdown
This makes fascinating reading. It could lead to a new order, but will it be better?
This should keep agile minds busy for several hours
Many of the distressed companies have been on a diet of toxic debts, off balance sheet accounting, dubious asset values and questionable business models. Yet the auditors did not notice any of the red flags.
6% doesn't sound THAT bad but it's a nervy market out there
No kidding? So where is the Fat Lady in all of this?
"The politicians have to take responsibility in this very difficult situation, but those who have caused the damage must contribute to the solution" - too frickin' right.
More jobs for the ex-Goldman boys. amazing isn't it?
More war storiesw from the debacle on Wall Street - this time it is Lehmans who clearly spent a lot of time hawking themselves in the face of massive losses. No-one was buying and, as it turns out, that was probably the right thing to do.
Interesting insider insights into relations between Fannie, regulators and Wall Street
So now does the fat lady get on stage?
Some you win, some you lose. EY lost out in NYC, now gains a fat insolvency job.
A new effect - but one that should have been obvious. I'm thinking the fat lady has poked a leg out onto the stage.
Negotiating these waters is going to be tricky. If lareg comanies stall then the trickle down will be a thundering waterfall effect. Right now (but isn't it always?) cash is king.
Wisdom of Crowds or something else. Of course everyone has an opinion but they are of dubious value in circumstances like these.
Aaaah yes - the blame game. So predictable.
This guy comes across as barking mad but there's a lot of truth in what he says.
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