Elsewhere on Tuesday,
- “Twelve hours after agreeing to sell Bear Stearns Cos. for $2 a share, Alan Schwartz wearily made his way to the company gym for a much-needed workout.”
- “Hope you had a relaxing 3 day weekend. Mine was filled with disturbing signs of economic malaise.”
- “Metrovacesa, the Spanish property group that bought the tower from HSBC for £1.1bn last year, is believed to be struggling to raise the extra equity to refinance the £810m short-term loan HSBC underwrote to finance the deal.”
- Mortgaging up to buy a car. (via Calculated Risk.)
- Back to the 70s, reasons to be miserable or cheerful.
-Hedge funds: “the inconvenient truth is that the “non-top 100″ added zero dollars of assets for the second year in a row.”
- “Over time, the inefficiency of the OTC market will cause it to take a back seat to the exchanges, and this is a trend that will build momentum over time.”
- The rules of engagement.
- Middle Eastern SWFs set for threefold surge to $5,000bn.
- “For the monolines… a realistic assessment of eventual credit losses.”
- Alice-in-Wonderland accounting.
- Baruch does Eurovision: “You Americans should try it. Have a geopolitical song contest with North Korea and Iran.”
- …”I will never again be greeted by that grand and gaudy art deco facade, those indomitable pink lights, that sense of a vanished world miraculously conjured on a roundabout in northeast London.”
—
