Hints and tips:
...To put it in terms that the readers of the FT would appreciate, we must nationalise salaries and the P&L of almost all of our companies. And that is what we have done....
...Madoff had built up the broker-dealer and proprietary trading businesses over more than four decades. The firm traded stocks, bonds and other securities for customers and on its own behalf....
...In other words, the USO held sway over the market, i.e. these funds (USO, S&P GSCI et al) are artificially skewing the front of the NYMEX curve; putting downward pressure as they sell a massive percentage...
...Argent Classic Convertible Arbitrage Fund L.P. v....
...that for chief executives with gaping holes in the P&L account and more losses on the way, far better an SWF than “those nasty activist hedge funds or slash-and-burn financial sponsors”....
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