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Case study: How cities and states ended up being hedge funds

The New York Times offers an interesting story of how cities and state entities ended up ensnared in the global credit crisis. We've noted that many of them face some severe financing hardships, even... Read more...

Citigroup anlayst gets it wrong--really wrong

Shannon Cowherd, bank analyst at Citigroup, raised eyebrows last week when she put out a note to clients estimating that the Royal Bank of... Read more...

ALSO NOTED: Countrywide posts surprising, massive loss; Analysts upgrade Wachovia;and much more...

Company News: > HSBC, Lone Star extends deal date. Article > S&P credit markets hits McGraw-Hill earnings. Read more...