Archive for December, 2008

Lost At Sea – Inflatable Breasts

Lost At Sea – Inflatable Breasts

| December 2, 2008 | Reply

There are some events that just defy the mashup engine: Men’s magazine loses 130,000 inflatable breasts A men’s magazine has lost a shipment of 130,000 inflatable breasts en route to Australia. The breasts, worth £100,000, were planned to be a free gift in Ralph magazine – but vanished before arriving at their destination. A spokeswoman […]

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CDOs explained (or, “Holy crap!”)

CDOs explained (or, “Holy crap!”)

| December 2, 2008 | 1 Reply

Alan Kohler at the Business Spectator down in Australia does his best to explain CDOs, CDSs, and SPVs, then gets down to brass tacks: It is now getting very interesting. The three Icelandic banks have defaulted, as has Countrywide, Lehman and Bear Stearns. AIG has been taken over by the US Government, which is counted […]

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