Post by sweetredfl on Nov 5, 2007 18:18:16 GMT -5
www.nypost.com/seven/11032007/business/more_bad_merrill_news_747063.htm
MORE BAD MERRILL NEWS
Shares nose-dived nearly 12 percent for the worst trading drop in 18 years following a report that the feds are probing Merrill for allegedly parking worthless junk mortgage paper in secretive hedge funds in order to buy time to conceal the mess from prying eyes of investors and others.
www.sharewatch.com/story.php?storynumber=81260
U.S. stock futures fell sharply Monday as concerns about soured debt mounted after Citigroup Inc. warned it plans to book $8 billion to $11 billion in additional losses.
______
FRAUD
Jury convicts Lay in fraud of state funds
www.toledoblade.com/apps/pbcs.dll/article?AID=/20071031/NEWS02/71031008
_________
BANKS
Citigroup CEO resigns; interim named
real-us.news.yahoo.com/s/ap/20071105/ap_on_bi_ge/citigroup_ceo
www.sharewatch.com/story.php?storynumber=81260
U.S. stock futures fell sharply Monday as concerns about soured debt mounted after Citigroup Inc. warned it plans to book $8 billion to $11 billion in additional losses
CITI HAS OVER $100 BILLION IN LEVEL 3 ASSETS (OFF BALANCE SHEET) WHICH CAN'T BE SOLD TO A COUNTERPARTY !!! NO TAKERS AND THEY CITI HAS NO IDEA AS TO HOW TO VALUE THEM !! JIM ROGERS !!
www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/voBprW46FMUo.asf !
HE WAS REFERRING TO JUST CITI'S LEVEL 3 ASSETS !!! MULTIPLY THAT BY THE NUMBER OF INVESTMENT BANKS, BROKERS, INSURERS, AND OVER 1,000 HEDGE FUNDS (CONSERVATIVE), AND YOU HAVE A COLOSSAL TSUNAMI WIPING OUT THE FINANCIAL SECTOR PARTICIPANT'S PROFIT IN THE FORESEEABLE FUTURE ! IMO
www.accountancyage.com/accountancyage/news/2202750/citi-face-siv-accounting-probe
Citigroup faces SEC accounting probe - Misery at world's largest bank compounded by SEC probe into its accounting for Structured Investment Vehicles
The banking giant also recently announced a write-down of between $8bn (£3.8bn) and $11bn in the fair value of its $55bn pot of sub-prime related direct exposures held in its Securities and Banking business.
www.nypost.com/seven/10282007/business/grasso___wasps_out_to_get_me.htm
GRASSO: WASPS OUT TO GET ME - BEHIND THE NYSE'S PALACE COUP 10/28/07
www.ameinfo.com/137152.html
The latest report looking at the UAE financial system stability assessment, by the International Monetary Fund (IMF) and the World Bank, found that the country's banking sector is in a strong position, but warned that it faces some challenges ahead.
money.cnn.com/2007/11/05/news/newsmakers/Citi_Prince.fortune/index.htm?eref=ib_topstories
After Prince, more problems for Citi Chief executive Charles Prince is out, and the troubled banking giant said it expects more writedowns. So what's next for Citigroup? Fortune's Peter Eavis takes a look.
www.ft.com/cms/s/0/74655a40-8bdb-11dc-af4d-0000779fd2ac.html?nclick_check=1
Reluctant Rubin in the chair - Being appointed chairman of Citigroup would be cause for celebration for most people. But not for Robert Rubin.
In the eight years since he arrived at Citi, the former Treasury secretary has made clear he has no wish to have a large, formal role in the company.
With a seat on a board and an office next to Mr Prince, Mr Rubin has been a very powerful influence within the company, without having to attend too many meetings. For doing what he described as “the best job in the world” Mr Rubin received a package that in some years has topped $17m
________
WALLSTREET
www.malaysia-today.net/nuc2006/report07.php?itemid=58 05/11
Level 3 storm about to hit Wall Street
www.marketwatch.com/news/story/hedge-fund-industry-floats-new/story.aspx?guid=%7BC95B0E85-3474-4053-8324-6B5BB6E555A2%7D
Hedge fund industry floats new guidance
The Securities and Exchange Commission has proposed increasing the minimum investment to $2.5 million from the current $1 million.
www.reuters.com/article/bondsNews/idUSN0525037520071105 US SEC revises view on loan commitment accounting
The SEC said the bulletin specifically revises the staff's views on including expected net future cash flows related to loan servicing activities in the fair value measurement of a written loan commitment.
ipo.nasdaq.com/Fundamentals.asp?cikid=754608&fnid=55793&coname=CHIMERA+INVESTMENT+CORP&selected=CIM&market=New+York+Stock+Exchange
CHIMERA INVESTMENT CORP New York Stock Exchange
FINRA panels violate a founding principle
www.investmentnews.com/apps/pbcs.dll/article?AID=/20071105/FREE/711050307/1006/INIssueAlert01&template=printart
The current makeup of arbitration panels under the Financial Industry Regulatory Authority Inc. of New York and Washington they must include an industry member is in direct violation of this founding principle of our justice system
___________
MINING
biz.yahoo.com/cnw/071105/shore_gold_valuation.html?.v=1
Shore Gold: Complete star diamond valuation: Increases by 26 percent
is pleased to announce that modeled prices ranging between US$97 and US$300 per carat have been determined for the diamond populations of the major kimberlite lithologies that make up the Star Kimberlite.
This valuation was determined on underground diamond parcels totaling 10,309.07 carats, which includes a 4,359.19 carat parcel of newly valued goods, in addition to formerly valued parcels weighing 5,949.88 carats to which October 2007 diamond prices have been applied.
biz.yahoo.com/cnw/071105/shore_gold_valuation.html?.v=1
Complete star diamond valuation: Increases by 26 percent
www.bloomberg.com/apps/news?pid=20601080&sid=aMNtykrSrD1o
PetroChina's Value Tops $1 Trillion, Surpassing Exxon (Update5)
biz.yahoo.com/iw/071105/0324407.html
Denison Mines Corp. Third Quarter Conference Call Friday, November 9, 2007 - Telephone Conference to be held on November 9 at 11:00 AM Eastern Time (ET)
news.rgj.com/apps/pbcs.dll/article?AID=/20071105/NEWS04/711050338
Reid seen as pivotal in debate about updating mining rules
Reid, whose late father was a gold miner, is expected to play an active role in crafting legislation that would govern modern-day mining. While he said he favors some reform, he is critical of imposing a royalty on existing mines.
___________
ACCA
ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=620885
pelican simply the jig is up now, we who knew
what was going on on these boards have known this for years, and bigtime in the last year.
Those that called the consiparcy websites a joke and still do, well they nailed almost everything if you take out the bs.
It is the end of the line no more buying of the funny money, it was only bought strategically any way to use in the art of war. This update from fulford looks right on the money to me, lets hope the end is near without war and we will be ok:
____________
OF INTEREST
www.nypost.com/seven/10282007/business/grasso___wasps_out_to_get_me.htm
GRASSO: WASPS OUT TO GET ME - BEHIND THE NYSE'S PALACE COUP 10/28/07
Suspected Mafia Supremo Held
www.reuters.com/news/video?videoId=70234&feedType=VideoRSS&feedName=TopNews&rpc=23&sp=true
camrhon.proboards102.com/index.cgi?board=safe&action=display&thread=1193672965
Fortress Financial Group Shareholders - 11/04/07
www.law.com/jsp/ihc/PubArticleIHC.jsp?id=1193994243659&rss=newswire
Daring and Controversial Legal Structures Help Fortress and Blackstone Avoid Tax and SEC Scrutiny - It was ingenious and audacious, and officials at the Internal Revenue Service were upset.
November 2006 Fortress Investment Group LLC filed its first documents with the Securities and Exchange Commission in advance of going public. Fortress is a fabulously profitable investment vehicle that is part hedge fund and part private equity firm, with roughly $43 billion in assets under management.
_
OVERSTOCK
biz.yahoo.com/cc/1/87411.html
Overstock Com Inc Call
MORE BAD MERRILL NEWS
Shares nose-dived nearly 12 percent for the worst trading drop in 18 years following a report that the feds are probing Merrill for allegedly parking worthless junk mortgage paper in secretive hedge funds in order to buy time to conceal the mess from prying eyes of investors and others.
www.sharewatch.com/story.php?storynumber=81260
U.S. stock futures fell sharply Monday as concerns about soured debt mounted after Citigroup Inc. warned it plans to book $8 billion to $11 billion in additional losses.
______
FRAUD
Jury convicts Lay in fraud of state funds
www.toledoblade.com/apps/pbcs.dll/article?AID=/20071031/NEWS02/71031008
_________
BANKS
Citigroup CEO resigns; interim named
real-us.news.yahoo.com/s/ap/20071105/ap_on_bi_ge/citigroup_ceo
www.sharewatch.com/story.php?storynumber=81260
U.S. stock futures fell sharply Monday as concerns about soured debt mounted after Citigroup Inc. warned it plans to book $8 billion to $11 billion in additional losses
CITI HAS OVER $100 BILLION IN LEVEL 3 ASSETS (OFF BALANCE SHEET) WHICH CAN'T BE SOLD TO A COUNTERPARTY !!! NO TAKERS AND THEY CITI HAS NO IDEA AS TO HOW TO VALUE THEM !! JIM ROGERS !!
www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/voBprW46FMUo.asf !
HE WAS REFERRING TO JUST CITI'S LEVEL 3 ASSETS !!! MULTIPLY THAT BY THE NUMBER OF INVESTMENT BANKS, BROKERS, INSURERS, AND OVER 1,000 HEDGE FUNDS (CONSERVATIVE), AND YOU HAVE A COLOSSAL TSUNAMI WIPING OUT THE FINANCIAL SECTOR PARTICIPANT'S PROFIT IN THE FORESEEABLE FUTURE ! IMO
www.accountancyage.com/accountancyage/news/2202750/citi-face-siv-accounting-probe
Citigroup faces SEC accounting probe - Misery at world's largest bank compounded by SEC probe into its accounting for Structured Investment Vehicles
The banking giant also recently announced a write-down of between $8bn (£3.8bn) and $11bn in the fair value of its $55bn pot of sub-prime related direct exposures held in its Securities and Banking business.
www.nypost.com/seven/10282007/business/grasso___wasps_out_to_get_me.htm
GRASSO: WASPS OUT TO GET ME - BEHIND THE NYSE'S PALACE COUP 10/28/07
www.ameinfo.com/137152.html
The latest report looking at the UAE financial system stability assessment, by the International Monetary Fund (IMF) and the World Bank, found that the country's banking sector is in a strong position, but warned that it faces some challenges ahead.
money.cnn.com/2007/11/05/news/newsmakers/Citi_Prince.fortune/index.htm?eref=ib_topstories
After Prince, more problems for Citi Chief executive Charles Prince is out, and the troubled banking giant said it expects more writedowns. So what's next for Citigroup? Fortune's Peter Eavis takes a look.
www.ft.com/cms/s/0/74655a40-8bdb-11dc-af4d-0000779fd2ac.html?nclick_check=1
Reluctant Rubin in the chair - Being appointed chairman of Citigroup would be cause for celebration for most people. But not for Robert Rubin.
In the eight years since he arrived at Citi, the former Treasury secretary has made clear he has no wish to have a large, formal role in the company.
With a seat on a board and an office next to Mr Prince, Mr Rubin has been a very powerful influence within the company, without having to attend too many meetings. For doing what he described as “the best job in the world” Mr Rubin received a package that in some years has topped $17m
________
WALLSTREET
www.malaysia-today.net/nuc2006/report07.php?itemid=58 05/11
Level 3 storm about to hit Wall Street
www.marketwatch.com/news/story/hedge-fund-industry-floats-new/story.aspx?guid=%7BC95B0E85-3474-4053-8324-6B5BB6E555A2%7D
Hedge fund industry floats new guidance
The Securities and Exchange Commission has proposed increasing the minimum investment to $2.5 million from the current $1 million.
www.reuters.com/article/bondsNews/idUSN0525037520071105 US SEC revises view on loan commitment accounting
The SEC said the bulletin specifically revises the staff's views on including expected net future cash flows related to loan servicing activities in the fair value measurement of a written loan commitment.
ipo.nasdaq.com/Fundamentals.asp?cikid=754608&fnid=55793&coname=CHIMERA+INVESTMENT+CORP&selected=CIM&market=New+York+Stock+Exchange
CHIMERA INVESTMENT CORP New York Stock Exchange
FINRA panels violate a founding principle
www.investmentnews.com/apps/pbcs.dll/article?AID=/20071105/FREE/711050307/1006/INIssueAlert01&template=printart
The current makeup of arbitration panels under the Financial Industry Regulatory Authority Inc. of New York and Washington they must include an industry member is in direct violation of this founding principle of our justice system
___________
MINING
biz.yahoo.com/cnw/071105/shore_gold_valuation.html?.v=1
Shore Gold: Complete star diamond valuation: Increases by 26 percent
is pleased to announce that modeled prices ranging between US$97 and US$300 per carat have been determined for the diamond populations of the major kimberlite lithologies that make up the Star Kimberlite.
This valuation was determined on underground diamond parcels totaling 10,309.07 carats, which includes a 4,359.19 carat parcel of newly valued goods, in addition to formerly valued parcels weighing 5,949.88 carats to which October 2007 diamond prices have been applied.
biz.yahoo.com/cnw/071105/shore_gold_valuation.html?.v=1
Complete star diamond valuation: Increases by 26 percent
www.bloomberg.com/apps/news?pid=20601080&sid=aMNtykrSrD1o
PetroChina's Value Tops $1 Trillion, Surpassing Exxon (Update5)
biz.yahoo.com/iw/071105/0324407.html
Denison Mines Corp. Third Quarter Conference Call Friday, November 9, 2007 - Telephone Conference to be held on November 9 at 11:00 AM Eastern Time (ET)
news.rgj.com/apps/pbcs.dll/article?AID=/20071105/NEWS04/711050338
Reid seen as pivotal in debate about updating mining rules
Reid, whose late father was a gold miner, is expected to play an active role in crafting legislation that would govern modern-day mining. While he said he favors some reform, he is critical of imposing a royalty on existing mines.
___________
ACCA
ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=620885
pelican simply the jig is up now, we who knew
what was going on on these boards have known this for years, and bigtime in the last year.
Those that called the consiparcy websites a joke and still do, well they nailed almost everything if you take out the bs.
It is the end of the line no more buying of the funny money, it was only bought strategically any way to use in the art of war. This update from fulford looks right on the money to me, lets hope the end is near without war and we will be ok:
____________
OF INTEREST
www.nypost.com/seven/10282007/business/grasso___wasps_out_to_get_me.htm
GRASSO: WASPS OUT TO GET ME - BEHIND THE NYSE'S PALACE COUP 10/28/07
Suspected Mafia Supremo Held
www.reuters.com/news/video?videoId=70234&feedType=VideoRSS&feedName=TopNews&rpc=23&sp=true
camrhon.proboards102.com/index.cgi?board=safe&action=display&thread=1193672965
Fortress Financial Group Shareholders - 11/04/07
www.law.com/jsp/ihc/PubArticleIHC.jsp?id=1193994243659&rss=newswire
Daring and Controversial Legal Structures Help Fortress and Blackstone Avoid Tax and SEC Scrutiny - It was ingenious and audacious, and officials at the Internal Revenue Service were upset.
November 2006 Fortress Investment Group LLC filed its first documents with the Securities and Exchange Commission in advance of going public. Fortress is a fabulously profitable investment vehicle that is part hedge fund and part private equity firm, with roughly $43 billion in assets under management.
_
OVERSTOCK
biz.yahoo.com/cc/1/87411.html
Overstock Com Inc Call