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67So What Is a Structured Investment Vehicle (SIV) Anyway?
Structured Investment Vehicles, or SIVs have received much attention in the news lately as financial crisis continues to widen. Unfortunately, that attention hasn't included any kind of explanation as to...
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71Subprime Home Mortgage Crisis
"We forgot there was a lot more risk in the strategy," said one State Street executive." The State Street Corporation which manages $2 trillion for pension funds and insurance companies fired a senior...
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71CROOK ALERT 6--THE FORECLOSURE FACTORY IN THE MORTGAGE SERVICING RACKET 12-06
Harvard Law professor Elizabeth Warren makes the case for credit regulation. http://harvardmagazine.com/2008/05/making-credit-safer.html Mortgage Market Spirals Downward Storm Clouds Over Risky...
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56Guesstimates Won't Cut It Anymore--Gretchen Morgenson in the NYT 10-28-07
Excerpts from Morgenson article; The $30 billion in losses and write-downs taken by big brokerage firms in the third quarter are not likely to be the last. After last week it was no longer plausible to deny...
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55Straws in the Wind 11-3-07
In a special meeting tomorrow (Sunday) Citigroup's board of directors is expected to fire the bank's CEO, Charles O. Prince. Prince will follow Stanley O'Neal Merrill Lynch's CEO who was fired last week in...
53Stock Market Analysis for Sophisticated Investors Only
Hedge Fund Blues Merle Hazard Meets Arthur Laffer and Sings "In the Hamptons."
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