Tuesday, April 27, 2010
Goldman defend their business model (dealbreaker)
Buying old is the new black (fa)
Side pockets to be split at the seams (washington post)
Obama's new Wall Street for Dummies (times)
Cheap holidays in the sun (telegraph)
Dangerous man to be executed (mail)
We are all doomed Mr Heath(cityam)
When Goldman shit becomes shixxy (telegraph)
As predicted Greece is nearing the end of its love affair with the Euro and Italy, Ireland and Portugal are next. Banks can be bailed out but countries can only bail themselves out and like Argentina end up at the back of the class.
Those old CRAs that pumped up the subprime products are now pushing down sovereign countries. As much as we hate the CRAs, we actually love them because they create lots of volatility and uncertainty.
What do I do? Have a puff on my favourite cigars; Cuban of course.
Greece will become first country ever to be taken over without knowing it.