Archive for March 10th, 2008
Bear rumour speaks volumes
10 March 2008If you are wondering why Bear Stearns (BSC:NYSE) is down 13% this morning, even though other brokers, such as Goldman Sachs (-1%), Lehman Brothers (-4.7%) and Merrill (-4%) are not taking the same pounding, here’s the answer.
Trading desks across North America are passing along a rumour that Bear is going to file for Chapter 11 [...]
Solving the Ottawa – Ontario corporate bailout spat
10 March 2008Memorandum
SECRET – Advice to Premier
To: Premier Dalton McGuinty
From: Secretary to the Cabinet
Date: March 10, 2008
Re: Federal / Provincial Discussions Surrounding Corporate Grants and “Strategic Investments”
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Further to our discussions and briefings on the abovenoted matter, we are all now aware that Prime Minister Harper has weighed in on the dispute between yourself [...]