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Bankers still aim for inconspicuous consumption (relatively)

Why are Bentleys in vogue on Wall Street? It could be that they are slightly less expensive than other traditionally in-vogue cars, say a Rolls Royce. But they are also assumed to attract less... Read more...

Ross to tap PPIP, why not others?

Here's a tangible sign that businesses remain wary of government when it comes to financial reform. The government's PPIP offers, on the surface, some very sweet terms for asset management companies... Read more...

Conflicts when PE firms start trading debt?

Private equity firms have made no secret that they have little choice but to dabble in distressed debt. The deal business has stalled, and on the surface trading debt seems like a logical move. But... Read more...

Administration launches mortgage plan

The next wave of home owner relief comes in the form of mortgage modification. The Obama Administration kicked off a plan that it hopes will help up to 9 million Americans. The program has two parts:... Read more...

D-day for the hedge fund industry

Some people in the hedge fund industry have taken to calling Saturday, Nov. 15, D-Day--the last day for investors to make a redemption request for the year. There is some fear that a flood of such... Read more...

Credit card debt starting to creak

There's about $365 billion market in credit-card debt-backed securities out there. And there is fear that it will go the way of its subprime-backed cousin. The card not nearly as large, but as the... Read more...

World struggles to contain crisis

Did anyone really think it would get to this: a world recession? If you did, I hope you had the courage of your convictions, like John Paulson, and bet big. The fact is that the world is teetering at... Read more...

Money funds and the credit crunch--whew!

There were a few scenarios out there that were really, really nasty. It's one thing when accredited investors take their lumps on hedge funds. But what if Ma and Pa started taking losses on their... Read more...

The big picture: Will tremors spread?

The great fear is that the run on liquidity at Bear Stearns will spread to other tottering institutions. Read more...

Hedge fund worries spread debt markets

There still are a lot of worries over hedge funds, and whether a few big ones will lead to further meltdowns in various markets.... Read more...