financial news

Wall Street Plans On Securitizing Life Insurance Policies | But Then What Those lovable Wall Street ghouls have cooked up a new asset class to securitize — life insurance policies. I am not kidding you, they’re going into the business…

There Is Another Shoe To Drop In The Global Economic and Financial Crisis - And The Focus Will Be On Europe’s Perifery | Edward Hugh A number of countries in Eastern Europe immediately come to mind - not only the Baltics, but also Russia,…

iPhone makes worldwide loss, says report While Orange and T-Mobile compete with O2 to sell the iPhone in Britain, a report by Denmark's Strand Consult reveals how it makes a loss for providers and struggles against other phones…

Troubles For 'Prime' Borrowers Intensify - WSJ.com The mortgage-delinquency rate among so-called subprime borrowers reached 25% in the first quarter but appears to be leveling off, rising only slightly in the second quarter. The pace of…

Putting the ‘change’ back in “change you can believe in”: The two faces of Barack Obama – Marshall Auerback Is this the Warren Christopher Presidency writ large? Roosevelt Institute Braintruster Marshall Auerback argues that the…

Boeing Set for Victory Over Airbus in Illegal Subsidy Case - WSJ.com "The World Trade Organization is expected to rule Friday that European governments illegally subsidized Airbus aircraft, in the first significant ruling in a…

Light posting this morning.  But I may be back later this afternoon. Let’s see what markets do today. Right now, it’s not looking good as Europe and Asia sold off and U.S. futures point to a selloff stateside. So, if you need a…

Since I have a ton of links, I am making an extra night time reading version today.  Expect more tomorrow, but posting may be light as I will be away. American Casino, The Most Dangerous Man in America review : The New Yorker…

Beijing's derivative default stance rattles banks | Reuters Hat tip aitrader. A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among…

On this last day of August, I haven’t had any time to post as yet.  However, I do expect to post later in the day.  In the meantime, here are a number of stories making the rounds on the web. Enjoy. Edward Baker Hughes to Buy…