An entire system of leveraged assets polluted with worthless loan-backed securities is in the process of violent unwinding. Bear Stearn's bond rating has just been lowered, guaranteeing that they cannot secure further financing to hemorrhage trying to repair irreparable insolvency. Being "too-big-to-fail," the bank must now be bought out by Monday.
read more | digg story
In this Blog I will discuss Life the Universe and Everything, and maybe even Prairie Home Companion.
Subscribe to:
Post Comments (Atom)
4-24-2024
Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids The Russian Hacker Group Sandworm is Back: New Kapeka ...
-
FLASHBACK: Kremlin to Pitch New Currency... BEIJING TO PITCH NEW GLOBAL CURRENCY; DUMP DOLLAR OBAMA TO THE RESCUE! PLAYS HIS $1 ...
-
"Multiple indications of vote fraud are beginning to pop up regarding the New Hampshire primary elections. Roughly 80% of New Hampshire...
-
They're saying F-U to Congress, essentially read more | digg story
No comments:
Post a Comment