Friday 27 February 2009

Here is your Crux PM update:

Analyst prediction: Bank of America shareholders to get wiped out
Ratings agency Egan-Jones predicts BofA will need more gov't help.

A strange safe haven asset protecting investors right now
Paper asset hits 3-year high on surging demand.

Massive 50% increase in mortgage delinquencies
The latest numbers from credit bureau Equifax are scary…

You know that silly blanket with the sleeves? It's selling by the millions
Interesting story on how the "Snuggie" became a huge hit.


The latest Madoff: A $1.8 billion hedge fund fraud
"Fund" managers Greenwood and Walsh allegedly stole lots of money.

Barrack Obama's giant tax swindle
Behind the smile and rhetoric is parasitic government theft. This story will end badly.

Another way to beat inflation… banks, cigarettes
Value investor David Winters is buying stocks that can profit during inflationary times.

Gov't to banks: We trust you
The government is asking banks to perform their own "stress tests."

Value legend seeks huge yields, "pouring" into distressed debt
Marty Whitman wants safe, double-digit yields.

Regards,

The Daily Crux
www.thedailycrux.com