That's where I ate! No wonder I've got the BK splatters!
"Bond Buyers Are Losing Confidence"
"Bond Buyers Are Losing Confidence" by VIKAS BAJAJ
After a recuperative October, investors in the credit markets are starting to feel a familiar sense of dread.
Investors and analysts say the large write-downs of mortgage securities by Citigroup and Merrill Lynch have unnerved the debt markets in the last week, though conditions are generally better than they were during the credit crisis in August.
Investors say they are most troubled by the accelerating pace of write-downs and credit downgrades in the residential mortgage area, but they are also starting to question the value of bonds in related areas like commercial mortgages and consumer debt. For instance, an index that tracks the cost of protecting bonds tied to commercial mortgages has surged since the end of October.
“In the market right now, things feel pretty fragile,” said Derrick M. Wulf, a portfolio manager at Dwight Asset Management, an investment firm based in Burlington, Vt. “And it’s a function of people losing confidence, no longer believing everything they hear.”
Finally! Reality hitting the business world?
Unlike in August, the markets for the investment-grade debt issued by nonfinancial corporations are functioning fairly normally, though prices are not as lofty as they were earlier in the year, analysts say."
Led by Troubled Banks, Shares Slide
Profit at Burger King Rises 23%
The only place I cans affords eats now! Dolla' menu!
That's because:
Unregulated Electricity Costs More, Studies Say
"The 13 states are California, Connecticut, Delaware, Maine, Maryland, Massachusetts, Michigan, Montana, New Hampshire, New Jersey, New York, Rhode Island and Texas."
So the energy companies GOUGED the American consumer... AGAIN!
And that is if you even have a home to heat:
Borrowers Face Dubious Charges in Foreclosures
"As record numbers of homeowners default on their mortgages, questionable practices among lenders are coming to light in bankruptcy courts, leading some legal specialists to contend that companies instigating foreclosures may be taking advantage of imperiled borrowers."
Isn't that just wonderful!!!!
ASS-FUCKING YOU as you come in the door, and ASS-FUCKING YOU as they KICK YOU OUT YOUR OWN DOOR!!!!!!!!!!!!!!
Aaaaaaaaaaaaahhhhhhhhhhhhhh!!!!!!!
Maybe we ought to convert to the Muslim system of finance, 'eh, readers?
The zero percent solution
