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Monthly Archives: December 2011
Time names “The protestor” as 2011 person of the year
“Is there a global tipping point for frustration? Everywhere, it seems, people said they’d had enough,” Time Editor Rick Stengel said in a statement. “They dissented; they demanded; they did not despair, even when the answers came back in a … Continue reading
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Europe needs to restructure debt
The markets have already told us that Europe currently has a broken monetary system, according to Kyle Bass, Hayman Capital Management managing partner. An important point is reiterated in this interview: bond write downs will mean losses to the bank … Continue reading
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If you have a margin account you better read this
The MF Global bankruptcy has brought to light a very reckless, insane practice that has become common with deal-brokers over the past few years. It is called re-hypothecation. The word hypothecation is the legal term for when a borrower pledges collateral to … Continue reading
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