Friday, June 26, 2009

Review Comments - 6.26.09

Hartford takes $3.4 billion from TARP - Yawn. [Reuters]

Derivatives Tug of War Takes Shape
- "the derivatives industry has already started a public relations campaign claiming that it is helping businesses, particularly small ones, hedge their risks by devising custom derivatives and not requiring the customers to post liquid assets when they begin to lose money. They argue that forcing companies to put up cash when they gamble would take money away from the companies’ productive investments, and thus damage the economy." [Floyd Norris/NYT]

Buffett lunch auction nearing end
- Bid is at $810,000 so far to get some really good sexual analogies from a rich old guy. [BBC] Sphere: Related Content

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