Archive for August 9th, 2007
BNN interview on global credit crunch
9 August 2007If you didn’t see the Howard Green show on the Business News Network earlier tonight, here is the link. Host Howard Green interviewed one of Wellington Financial’s team on the current credit crunch, the sudden drop in the stock market and what it all means for investors. You’ll find the spot about 5 [...]
BNP Paribas plays the canary role
9 August 2007I hadn’t thought of this particular approach (see earlier post “Accountants are failing investors with ‘fair value’ accounting“, Aug 6-07), but French bank BNP Paribas (BNP:EPA) has decided that it needs to come clean about the value of some of its investments. It seems BNP has three funds containing asset backed securities. The [...]