Trading Links for 2008-02-18
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Funny explanation of the CDO/bond insurer/subprime mess.
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Saudi Arabia’s rulers threatened to make it easier for terrorists to attack London unless corruption investigations into their arms deals were halted, according to court documents revealed yesterday.
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Closed-end muni funds sold off sharply last week, along with closed-ends of all stripes (see The Trader on page M3 for more). The muni funds probably fell on investors’ assumption that the borrowing costs of leveraged funds would surge in tandem with ARS.
More on this topic
(What's this?)
Guest Post: Greenspan Says Worst Financial Crisis EVER, INCLUDING the Great Depression
(naked capitalism, 2/23/10)
Michael Lewis' New Book: The Big Short
(market folly, 3/16/10)
Sun, Feb 17, 2008 | Jared
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