Tag Archives: billions of dollars


Blackstone marks down D Bank debt

March 4, 2009 : Permalink

Financial Times – Blackstone marked down the value of billions of dollars worth of debt it bought at a discount from Deutsche Bank to zero, demonstrating that the group bet too early on a recovery. Blackstone bought the debt in […]

UBS to Pay $200 Million to Settle SEC Charges

February 19, 2009 : Permalink

New York (HedgeCo.Net) – UBS AG will pay $200 million to settle the SEC charges that the Swiss Bank acted as an unregistered broker-dealer and investment adviser. According to the original compliant, UBS helped certain U.S. individuals to set up […]

Burning hedges blow smoke on Busson

January 9, 2009 : Permalink

The Australian – ARPAD Busson is angry. He has just looked at the returns of a hedge fund he used to invest in and they’re down more than 60 per cent in the past nine months. "That a-hole!" Busson says […]

Speculators and Our Food: E-I-E-I-O!

January 8, 2009 : Permalink

The Austin Chronicle – Oh, this is just dandy! Hedge-fund schemers and Wall Street manipulators – the very characters who brought us the Great American Housing Collapse – have a new target for their fast-buck profiteering: farming. E-I-E-I-O! Speculators have […]

Madoff scandal doesn’t justify clampdown

December 30, 2008 : Permalink

UnionLeader.com – For sheer toe-curling embarrassment, it may be a while before Wall Street does better than the Bernard Madoff scandal. Here was a rogue who practically telegraphed his unreliability by hiring a tiny, no-name audit firm, by reporting monthly […]