links for 2007-11-15

November 15th, 2007 12:17am
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May as well put this guy in charge of the banks

November 14th, 2007 7:32pm

Another day, another subprime-related fiasco. Today GE Asset Management announced that one of its not-quite-money-market short bond funds, the Enhanced Cash Trust, took a loss from subprime holdings, and is offering customer redemptions at 96 cents on the dollar. Normally these funds are considered to be a higher-yielding version of a money market fund. This would make you pretty unhappy if you were looking for 5%-ish stable returns while waiting for the stock market to settle down.

Along these lines, here are British comedians John Fortune & John Bird chatting about the state of the banking system, Northern Rock, and subprime in another interview of “George Parr, investment banker” from last month.


See also: Subprime crisis explained, by British comedians

links for 2007-11-08

November 8th, 2007 12:17am
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links for 2007-11-05

November 5th, 2007 12:17am
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links for 2007-11-04

November 4th, 2007 12:17am
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links for 2007-11-03

November 3rd, 2007 12:17am
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links for 2007-11-02

November 2nd, 2007 12:17am
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links for 2007-11-01

November 1st, 2007 12:17am
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