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It's no secret that hedge funds both large and small are having a rough year. Is the pain about to spread to retail customers? Business Week certainly thinks so. "In the coming months, hundreds of... Read more...
AIG survives, but it will be a shell of its former self. Which may not be a bad thing. In agreeing to to an $85 billion bridge loan from the government, the insurer basically gave up operational... Read more...
The bitter medicine is still going down at the Carlyle Group. It is still talking with major banks to avoid a fire sale of about $16 billion in securities, mainly mortgage-backed securities. Read more...
Business Week Online notes an ominous sign: more hedge funds shutting down redemptions. You can sense that the temperature is rising on... Read more...