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Governors Against State Bailouts - Wall Street JournalAs governors and citizens, we've grown increasingly concerned over the past weeks as Washington has thrown bailout after bailout at the national economy with little to show for it. In the process, the federal government is not only burying future ...
Rubicon founder coy on earnings - The Australian"I haven't added it up," he says. Mr Fell also said investors seeking high returns were partly to blame for Rubicon's failure and that lending banks were "all equally enthusiastic about enjoying the good times while the sun was shining". Mr Fell has ...
Lavish lifestyle of an Allco exec - The AustralianGORDON Fell raised $870 million from investors, invested it in high-risk property trusts, then lost almost everything in the gamble. Everything, that is, except more than $50 million which Mr Fell -- also chair of Opera Australia -- personally ...
Rubicon ticked and crossed - The AgeApologies to readers for last week's expose on Rubicon and the ill-fated decision by the board of Allco to acquire the financial engineer late last year for $260 million. (It had been priced at $320 million-plus before Allco shares fell.) We erred in ...
The Fed and Financial Madness: Crossing the Rubicon (Again) - Lewrockwell.comIn two recent columns about the rise of the paramilitary police , the inestimable Will Grigg wrote that in the area of "law enforcement" becoming a virtual occupying army, that Rubicon was crossed a while ago, and we must bear the consequences for it ...
ABC Learning Owes Australian Banks A$762 Million (Update2) - BloombergNov. 7 (Bloomberg) -- ABC Learning Centres Ltd. , seized by lenders after the credit crisis forced up interest payments, owes Australia's four biggest banks A$762 million ($507 million). Commonwealth Bank of Australia , the nation's largest mortgage ...
Banks must reveal full exposure to sub-prime - Daily TelegraphRather than relying on hope, though, or even delusion, what we really need is hard talk. Only no-nonsense discussion will close the myth-reality gap. And until it does close, our policy actions will be too weak and this crisis will roll on and on. We ...
How Government, Bankers, Poor People Screwed Up - The State JournalColumnist Rob Cornelius believes West Virginia is bound to feel the effects of the recent meltdown on Wall Street. Story By Rob Cornelius The biggest issue for the election of 2010 already is set. I'm bored with the one in 2008, which is too late to ...
Cash (minus 35%) - New Zealand Herald BlogsThe age of the financial engineer is over. We are now entering the era of the financial restructurer. Everywhere you look, complex financial products are being stripped down, retooled and repackaged. Often it's the same people dismantling these ...
Editorial: Facing up to the hard economic realities in state - San Jose Mercury NewsCalifornia's projected revenue from capital gains and other taxes looks like a plunge off Half Dome: straight down with no end in sight. Until now, Gov. Arnold Schwarzenegger insisted that the state has a spending, not a revenue, problem. No longer ...
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