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Archive of entries posted on 21st December 2011

It goes up (big yesterday). It goes down. Ignore it. Stick with careful picks, including shorts.

When the auction rate preferred auctions seized in February 2008, there was $360 billion outstanding. There’s now $110 billion still outstanding and not repaid. It’s a national disgrace. The Wall Street Journal is doing a piece on the remaining monies. I got interviewed. The point I tried to make: On Wall Street (and most other […]