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Daily Archives: August 6, 2008

Data

Banking’s Next Big Tempest: Auction-Rates

Posted: August 6, 2008 at 4:46 am

Misery acquaints a man with strange bedfellows.—Shakespeare, “The Tempest”Auction-rate securities were one of the great inventions of modern banking. By taking long-term bonds and putting them together into a stew, ...
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Newspaper

Media Digest 8/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: August 6, 2008 at 2:42 am

According to Reuters, a new tally of votes for the Yahoo! (YHOO) board election shows a high percentage of protest votes.Reuters reports that the Fed held rates steady and indicated ...
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Asia Markets 8/6/2008 (HMC)

Posted: August 6, 2008 at 2:18 am

Markets in Asia were higher with Hong Kong closed due to bad weather.The Nikkei rose 2.6% to 13,255. Canon was up 5% to 5090. Honda (HMC) was up 3.9% to ...
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