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Sunday, May 20, 2012 - 9:53am
Barron's Recap (5/19/12): Dalio's World and the Einhorn Effect
This weekend in Barron's online: Hedge-fund manager Ray Dalio's thoughts on the troubles in Europe, the effect of comments made by David Einhorn, and the consequences of the Facebook IPO flop. Cover Story "Ray Dalio's World" by Sandra Ward. Ray Dalio, fabled hedge-fund manager, is the head of...
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David Einhorn Strikes Down Herbalife - For Now
Thursday, May 3, 2012 - 1:43pm
Questions posed on an earnings conference call with Herbalife's (NYSE: HLF) management by famous value investor and noted short-seller David Einhorn have spooked HLF shareholders in a major way. The stock is in free-fall for a third straight day on Thursday, and the one-time high-flier is now down...
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JP Morgan to Pay $20 Million in Lehman Case
Wednesday, April 4, 2012 - 11:38am
It was revealed on Wednesday that JP Morgan Chase has agreed to pay a fine of $20 million following allegations that the bank mishandled Lehman Brothers funds over 22 months until the broker filed for bankruptcy. According to the Financial Times, the Commodity Futures Trading Commission alleged...
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Lehman Bankruptcy Ended
Tuesday, March 6, 2012 - 2:06pm
It was revealed on Tuesday that Lehman Brothers Holding's $639 billion bankruptcy, a U.S. record, has ended. The company is clear from April 17 to begin the process of distributing approximately $65 billion to creditors. According to Reuters, Lehman expects the first group of payments to total at...
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Lehman Brothers Ready for a Fight with Geithner
Friday, February 17, 2012 - 2:23pmLehman Brothers Holdings and its creditors said late on Thursday that between them they intend to subpoena Treasury Secretary Timothy Geithner. Theyb wish to question Geithner under oath over allegations that J.P. Morgan (NYSE: JPM) illegally took billions of dollars from the doomed investment bank...
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Monday, December 26, 2011 - 9:39pm
Fannie and Freddie Fantasies
An important but fundamentally flawed debate about Fannie and Freddie's role in the ongoing crisis has raged since the SEC sued the former senior managers of both entities for securities fraud. The Wall Street Journal and Peter Wallison (in the WSJ) have claimed that the suit vindicates their...
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Monday, September 12, 2011 - 3:12pm
Why Is Gold So Weak Today?
Normally when stocks are getting crushed, as they are today, gold is a safe haven. Right now, however, gold is plunging, down another $50 an ounce today, hovering just above $1,800 an ounce. This begs the question - why? There are two schools of thought on this. One is that investors are...
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Thursday, July 7, 2011 - 5:26pm
Where Is the Justice? Another Slap on the Wrist for J.P. Morgan
For the second time in the past month, J.P. Morgan (NYSE: JPM) has reached a settlement with the Justice Department and Securites and Exchange Commission for “alleged” misconduct. Notice the quotes around “alleged.” In the first settlement, and perhaps the most unjust, J.P. Morgan agreed to pay $...
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A Brief History of the 08 Financial Crisis [INFOGRAPHIC]
Friday, July 1, 2011 - 10:59amAt this point, presumably every worker in the developed world is at least somewhat familiar with the realities of the recent financial crisis. With economic growth sluggish, and unemployment remaining persistently high, the economic effects of the bursting of the housing bubble have yet to subside...
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Monday, June 20, 2011 - 9:25am
A Greece (Grease) Fire Of Epic Proportions
It looks as if it is all but certain that Greece will eventually default on its debt, whether it receives the next tranche of its bailout package or not. Just look at the spreads on Greek debt over comparable German debt. The spreads are astronomic. Late Friday before the bell, Moody's hit us...
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