Elsewhere on Friday,
- Facts of (yester)day, from Alea: All 30 stocks in the DLIA closed down, 98 out of 100 stocks in the S&P100 closed lower, 476 out of 500 S&P500 closed lower.
- A couple of other indices to bear in mind.
- Resurgent liquidity fears.
- EL MORGANGATE
- “Splashed across four pages is a list of 200 or so JP Morgan private-banking clients, complete with account numbers and the amount of money in their accounts.”
- “It appears that the Delaware LLC holding Bear’s toxic waste will be consolidated on the books of the New York Fed.”
- “WOW! We have a referral from Angelo Mozilo. I just wanted to let you know. I have asked him to keep me updated on this one and to handle it like it’s his mom’s loan and his life depends on it.”
- “Countrywide’s balance sheet is not pretty.”
- The ratings racket.
- “unpersuasive…self-serving…unbelievable…Mr. Paulson was not a credible witness.”
- “China is being flooded by the biggest wave of speculative capital ever to hit an emerging economy.”
- Citi says credit market doesn’t work.
- Market says Citi doesn’t work.
- Friday Schadenfreude, arriviste edition: “8 bedrooms, 9 ½ baths, a pond, elevator and “flower-cutting room,” all set on 4-acres, has just seen its asking price reduced from $27 million to $19.5 million.”