Archive for October, 2008

For Fortress, big bet on mortgages goes bad

Friday, October 31st, 2008

wrote an interesting post today onHere’s a quick excerptPrivate-equity and hedge-fund manager Fortress Investment Group made a highly-publicized bet several months ago that it could call the bottom on the battered mortgage-backed securities market.
Read the rest of this great post here

Greed is no longer good on Wall Street

Friday, October 31st, 2008

Company news - CNNMoney.com wrote an interesting post today onHere’s a quick excerptThese are certainly strange times for Wall Street. Government regulation threatens to give the industry a massive overhaul and job losses continue to mount.
Read the rest of this great post here