econompicdata.blogspot.com - 2/19/2009
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By the fourth quarter of 2008, only Citigroup's Global Wealth Management Group was making any money (though those $29mm in earnings are too small to even see in the chart below). Source: Citi via Ritholtz
The Paulson Plan Will Make Money For Taxpayers
online.wsj.com 9/25/2008 — In 1992, hedge-fund manager George Soros made $1 billion betting against the British pound. In 2007, John Paulson's Credit Opportunities fund correctly bet against subprime mortgages, clearing $15 billion for the year and $3.7 billion for him. Warren ...
TARP: Taxpayers on the hook for $200 billion
money.cnn.com 10/5/2009 — Experts say the cost of the $700 billion bailout to taxpayers is a small price to pay for saving the economy. Others argue we are just staving off an inevitable collapse.
Schwarzman: Up to 45% of World's Wealth Is Gone
dealbook.blogs.nytimes.com 3/11/2009 — Leave it to Stephen A. Schwarzman, chief executive of the private equity firm the Blackstone Group, to sounds a down note on a day when Wall Street is cheering.
"Between 40 and 45 percent of the world's wealth has been destroyed in little less than a ...
Free at 45 » Blog Archives » Two Years - Where Does the Time Go?
blog.canadian-dream-free-at-45.com 11/14/2008 — Tick. Tick. Did you notice that? No, I didn’t either. Well during the last weekend this blog offically turned two years old and I forgot about it. I’m still trying to decide if that is a good thing or not. Well after two years of doing this I’ve ...
Free at 45 » Blog Archives » What Do You Do?
blog.canadian-dream-free-at-45.com 4/18/2009 — I have to confess I hate being asked the question “What do you do?” at parties. It’s not that I dislike the question itself, but rather I’m never sure what answer to give. I know traditionally you are supposed to discuss your day job, but that seems ...
Unions vs. Taxpayers
online.wsj.com 5/14/2009 — [Commentary] AP Government workers protest in California, March 13.
Bonuses for Wall Street Should Go to Zero, U.S. Taxpayers Say
bloomberg.com 11/11/2008 — Nov. 11 (Bloomberg) -- U.S. taxpayers, who feel they own a stake in Wall Street after funding a $700 billion bailout for the industry, don't want executives' bonuses reduced. They want them eliminated. ``I may not understand everything, but I do ...
GEITHNER.DEPART.DEC09 15:45
intrade.com 3/19/2009 — This contract will settle (expire) at 100 ($10.00) if Tim Geithner departs from his current position as Secretary of the Treasury before midnight ET on the date specified in the contract. The contract will settle (expire) at 0 ($0.00) if Tim Geithner ...
45 percent of world's wealth destroyed: Blackstone CEO
reuters.com 3/12/2009 — NEW YORK (Reuters) - Private equity company Blackstone Group LP ( BX.N ) CEO Stephen Schwarzman said on Tuesday that up to 45 percent of the world's wealth has been destroyed by the global credit crisis. "Between 40 and 45 percent of the world's ...