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Goldman Sachs has already agreed to buy back about $1.5 billion in auction rate securities held by customers and pay a $22.5 million fine. But the New York Attorney General is still looking into the... Read more...
The New York Times says this about the Muni market: "It's hard to believe that a market this big remains such a disclosure backwater." While we take disclosures about corporate bond issues for... Read more...
There was a time when an investment firm's disclosure that it had purchased more than 5 percent of company's stock was big news. It often suggested that a company might be in play. But hedge funds... Read more...
Don't think it's almost over. Delinquencies for subprimes extended in 2005 to 2007 are still rising, according to Standard & Poor's. For 2005 and 2006, the increases have been boosted to the 35... Read more...
We mentioned previously that there is a bill in the California assembly that would effectively prevent California pensions from investing in Read more...
The issue of consultants who advise institutions on where to invest and whether they should receive fees from money managers has lingered long in the industry. More seem to be cognizant of the... Read more...