WHAT A DIFFERENCE A WEEK MAKES

Posted by julian on October 9, 2008 in Economy, Politics

I thought rock bottom was hit when the bailout received a negative response from the share market, but it has gone from bad to worse. Why? Hedge Fund operators (like the cowboys in the pits of the Mercantile Exchange operations in N.Y. and Chicago over the prices of oil futures) have lost their control over [...]

Tags: AIG, bailout, Bear Sterns, Bugatti, Economy, Ferrari 599, hedge funds, Lehman Brothers, NY Mecrcantile Exchange

Lehman Brothers vs SAS

Posted by julian on September 10, 2008 in Airlines, Economy

This week Timothy Pfeil, a two year employee of SAS between 2005 and 2006, has been sentenced to six months in jail for price fixing and joins ex`Qantas cargo executive, Bruce McCaffrey in the big house. Pfeil, formerly of Lufthansa, is just like the rest of the airline cargo executives, mere pawns in the fuel [...]

Tags: Airlines, Al Qaeda, Bear Sterns, Bruce McCaffrey, Bush, Cargo, Countrywide, Enron, Fannie Mae, Freddie Mac, Guantanamo Bay, Jeffrey Skilling, Lehman Brothers, Paulson, Qantas, SAS, Timothy Pfeil, United States, Wall Street, Washington Mutual