Toro's Running of the Bulls Market Blog
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"Hedge Funds are Next" - Nouriel Roubini
First it was the shadow banks. Then it was the broker dealers. Next it was the highly leveraged lenders such as the GSEs. Following that it was the money market funds. And now, it will be the hedge funds, followed by private equity.
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Wisdom from ... Nick Leeson?!
Yes, apparently Nick Leeson is wiser than the investment banks.
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Paulson Out to Screw Taxpayers
Henry Paulson comes from Wall Street. Now he is siding with Wall Street at the expense of the taxpayer.
I wrote that RTC II as proposed is an affront to democracy and the market. Naked Capitalism does a better job of articulating this position than I.
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Quote of the Day
- Casey Serin, Internet blogging superstar and mortgage fraudster.
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Krugman on RTC II
Economist and liberal columnist Paul Krugman opposes RTC II as planned.
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Loan Delinquencies Jump
This has to start getting better. Otherwise, the downward spiral of the markets will continue.
The mortgage problems behind the havoc in financial markets climbed back last month, as delinquencies jumped at the fastest pace since last year for many loan categories.
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RTC II an Affront to the Market and to Democracy
When you think of the Bush administration, the words that generally do not pop to mind are "competency," "transparency," and "non-cronyism." (Is that a word? - ed.)
So why would the bailout of the financial system be any different?
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RTC II, $800 Billion? Then What?
It is too early to know what RTC II will look like, but $800 billion is the number being bandied about. The projected design raises some questions.
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Market Action, September 19 2008 - Sorry to Rain on the Parade, But...
A 7%-8% move in the markets over 9 trading hours is quite the move, especially when it is on heavy volume. Yesterday, NYSE Composite volume was 10.2 billion shares, a record. Today, we hit an otherwise massive 9.2 billion shares.
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