Michael Steinberg submits: The trouble with CDOs is that the investment banks had to gather up massive amounts of mortgages and other assets to feed the raging demand.Complete Story »[...]
You would think that the Tequesta Mortgage fund would be seen as one of the more safe hedge funds. After it all, it specialized in prime loans of a certain heft. These jumbo loans--and I note the jumbo threshold has just been raised--were far from subprime and Alt-A. But they [...]
The owner of women's plus-size apparel retailer Lane Bryant is suing a pair of activist hedge funds, accusing them of misleading the chain's investors as they mount a proxy campaign to shake up the company's board. Charming Shoppes - which also owns specialty chains including Fashion Bug, Catherine's and Petite [...]
Gary Gordon submits: Warren Buffett's Berkshire Hathaway (BRK.A) owns nearly 20% of the nation's 2nd largest railroad company, Burlington Northern Santa Fe (BNI). Billionaire Carl Icahn has more than 50% in American Railcar (ARII). And each man's stake in transportation companies has increased dramatically over the last 6-9 months.Complete Story [...]
