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HomeRaymond James Auction-Rate Losing Streak Continues
Posted by Larry Doyle on September 9th, 2010 6:20 AM |
Oh, to be a fly on the wall at Raymond James.
I can only imagine the wailing and gnashing of teeth by Raymond James managers as the firm loses another auction-rate securities ruling. Do you think Ray Jay’s managers are privately cursing out their own legal teams and the judges handing down some recent rulings against the firm? Major developments are breaking in the world of auction-rate securities, and the actions center on Raymond James. Let’s revisit a story I highlighted in late August. (more…)
The Modern Day Fall of the Roman Empire?
Posted by Larry Doyle on March 27th, 2009 1:36 PM |
I have focused on the problems in western and eastern Europe over the last few months. Those problems are not abating. Who would have thought that the host of next week’s G-20 may need the greatest amount of aid of all.
Should Prime Minister Gordon Brown look to increase the room rates for world leaders in attendance next week? Perhaps a slightly higher fee for the mini-bar? Every little bit helps.
In all seriousness, the U.K has spent proportionately almost three times as much in bailing out their financial institutions as the United States.
For those unaware, the U.K. was unable to fully place 40 year debt this week. That experience, known as a “failed auction,” is financially and politically embarrassing, aside from being fiscally frightening. If a country is not able to finance itself . . . (more…)
