It’s Friday and the madness must come to an end. I don’t have a lot on the table so I’ll leave you with just the usual links. I would say the Madoff stuff is pretty unbelievable. See the first four articles to see what I mean. Other news stories can be found at our newsfeed. The newsfeed is also available via RSS.
Have a good weekend.
Don’t Ask, Don’t Tell – Barrons.com (This one is from 2001)
NakedShorts: If it sounds too good to be true… (this is a good one on the $50 billion hedge fund fraud – hat tip Barry Ritholtz)
8 really, really scary predictions – FORTUNE (these are some pretty scary predictions. Read them and see what I mean)
Bloomberg.com: Dollar Slumps Below 90 Yen as U.S. Auto Bailout Fails in Senate (If you forgot about currencies, the dollar is tanking against the Yen and the Euro, just s you know)
Bloomberg.com: Pound Sinks to Record Versus Euro as HBOS Says Economy Worsens (The Pound is tanking too)
HBOS takes $11.9 billion hit as UK economy worsens | Reuters (Get ready for more of the same – massive writedowns coming to a theater near you)