Monday, November 30, 2009

Suck It Up

They're called "sukup" bonds because investors buy them in an attempt to suck up to the issuers and when they default have no choice but to just suck it up.

Saturday, November 28, 2009

Consistency

In today's NY Times an article on the front page of the business section is titled: "Kazakh Bank Lost Billions in Western Investments" -- but on the overleaf on page two where the article continues the title morphs to: "Western Investors Lose Billions in Kazakh Bank; Ex-Chairman is Under Scrutiny."