Archive for March 14th, 2008
U.S. Fed action comes too late to save Bear Stearns
14 March 2008I’m starting to get the sense that U.S. Federal Reserve Chairman Ben Bernanke’s job is harder than any of us can comprehend.
And a component of that Triple Black Diamond difficulty comes in the need for people in his position to have a sense of what problems are coming down the pike, and getting ahead of [...]
Window shut for broker IPOs
14 March 2008A few months ago, rumours were flying about the pending IPOs of Cormark Securities and Wellington West Capital Markets. The acquisitions of Blackmont, Westwind Partners and Orion Securities only added to the furvour and excitement.
Since the highs of last fall, the publicly traded brokers haven’t performed well at all. Canaccord (CCI:TSX) is down [...]