Tag Archives: reins


Craigslist: Fall Guy For Your Hedge Fund

The Consumerist – Humor – If you need a scapegoat for your financial ponzi scheme, there’s a guy on Craigslist who’s looking for a job: Is your hedge fund in dire financial straits? Are you totally screwed and now realizing […]

UBS Writes Down Another Subprime-Related $6 Billion

New York (HedgeCo.Net) – Writedowns from major banks have reached the $500 billion mark, only one year after the subprime fallout forced mortgage-backed securities to plummet in value.  And it’s not over.  Some economists estimate that number will ascend upwards […]

Cuomo Pressing Major Banks in ARS Probe

New York (HedgeCo.Net) – Less than one week after UBS and Citigroup were called upon to buy back over $30 billion in bad auction-rate securities, New York Attorney General Andrew Cuomo is forcing JPMorgan, Morgan Stanley and Wachovia to follow […]

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