Super bear David Tice sells out

David Tice of the Prudent Bear has sold out to Federated Investors. I caught this via Paul Kedrosky's site Infectious Greed. Federated Investors Inc., the Pittsburgh-based investment management firm, said Tuesday it has reached a…

First auction of assets by an SIV

Remember the money center banks' ludicrous attempt to pretty up those off-balance sheet vehicles via the 'Super SIV?' Well, that was a clear bust. But, the toxic waste in those vehicles is still there. Some of these vehicles have been…

The crash is happening!

The bear is growling and things are looking grim. Hold on for dear life. Today is going to be ugly. Let's just hope we don't start seeing folks lining up at their local ATM just in case.Where are my gun and kruggerands?

Financials: catching a falling knife

Back in June, I wrote about financial investors in bank shares having lost $10 billion. Then, I predicted that losses would mount and bank shares will fall. It seems that one part of that equation is true already as bank shares have…

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