Vinny’s Blog

Four major wall street companies have gone belly up. 2 have dis-appeared, one is dangling and one is left standing with it’s fate sealed to be converted into a bank like entity rather than leaving it as investment bank.

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In a previous post you read about what is going on with Money Market Fund accounts. If you don’t remember what was in the previous post because you had a nice long relaxing weekend. Please click on link below to refresh your memory.

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Believe me I did not want to write anything today. I went to a racetrack past weekend and I have tons of photos to sort through and actually wanted to write something about that experience becaue it’s more fun. But so much is happening in the markets this week that it’s impossible for me to [...]

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Right after posting about FDIC yesterday and that USD and gold post a day before (click on the name links to read previous posts). I was still following currency movements.  2 days ago I found gold way down and USD way up and all that when Lehman was going down in one of the biggest [...]

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- First let us take a look at Lehman’s failure.
There was a post on FDIC and in that post there was a reference from IMF chief. Here are notes from that post.
August 19, 2008
Credit crunch may take out large US bank warns former IMF chief

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