Lehman Brothers bites themselves in the ass with credibility issues

On July 19, 2007 Lehman Brothers rejected suggestions that they are exposed to subprime problems. Many companies made statements in the summer of 2007, in part because their shock and disbelief caused those companies to say just about anything. Remember Countrywide in July 2007? But we had a problem with Lehman Brothers rejection of exposure …

CDO Decision, Sell at a Loss or Milk for What It’s Worth

Ambac paid $850 million to CitiBank for impairment to a CDO (collateralized debt obligation) reportedly worth One Trillion 400 million dollars ($1.4 Trillion) and let Cibibank keep the assets. I found it interesting because the compensation was in regard to the difference in value from to mark to model as opposed to mark to market. …

European Central Bank Raises Rates – How Long Do We Have?

The European Central Bank raised their interest rates by a relatively modest .25 %. The logic behind such a move is to stem the tide of inflation. The Federal Reserve Board decided against raising rates at this time. Many economists are convinced that raising rates will help reduce inflation and make United States dollars more …

European Central Bank Raises Rates – How Long Do We Have?

The European Central Bank raised their interest rates by a relatively modest .25 %. The logic behind such a move is to stem the tide of inflation. The Federal Reserve Board decided against raising rates at this time. Many economists are convinced that raising rates will help reduce inflation and make United States dollars more …

Will baby boomers go broke or work until they are 80?

My wife an I are retired, and yes – we belong to AARP. We are considered to be ‘baby boomers’ although we are both retired from the military. We know some (perhaps many) people have more money in the bank than do we. We are also realistic about not having the pressures of some families, …