Tag archive for ‘Leverage’
Reserve Money Market Fund Collapses as Lehman default spreads through the market’s balance sheets.
The “Reserve Primary Fund”, just saw its shares fall below $1 a share. For all intensive purposes - this means that the money market fund has collapsed. This is the first, and perhaps most cataclysmic implosion following the wake of Lehman Brother’s collapse Monday morning.
Home Mortgage and Financial Turmoil Continues, is the end in sight?
Is this the end? Only time will tell - but it seems we’re in for another round of government intervention, emergency lines of credit, and Fed acrobatics.
Politico: How to end a Presidential Campaign
Washington, D.C. (Politico.com) by Ben Smith: There are 50 ways to leave your lover, 13 ways of looking at a blackbird, and at least six ways to drop out of a presidential race. With Hillary Rodham Clinton’s campaign running on empty with little hope of victory, the New York senator’s allies and independent observers alike [...]
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