WALL STREET PROFIT NEWS
Financial News and Editorial Source.
 

Bill Ackman, Pershing Square Capital Management - Bond Insurer Transparency; Open Source Research Letter.

In an effort to get full disclosure on the extent of the Bond Insurer's potential losses, Bill Ackerman of Pershing Square Capital Management has directed a letter with details of their Open Source Research to most of the authorities involved with the oversight, including Ben Bernanke of the Federal Reserve Bank. This analysis has ramifications which ripple through the financial system.

Bill Ackman Open Source Research Letter.

Bill Ackman Letter

 

Wall Street Profit News Headlines

Buffett sees signs recession getting worse - says inflation is a worry. Billionaire Warren Buffett has already said he thinks the U.S. economy is in a recession, and now he says the economy is getting worse.  More

Fed Leaves Rates Unchanged; Sees Greater Inflation Risk. Federal Reserve holds key interest rate at 2%, leaving it unchanged for the first time since last summer.  More

WSProfit Bear Super-Cycle News. -UPDATED- A Litany of Bear News Bullets.  More

Royal Bank of Scotland (RBC) – issues a global stock and credit alert Royal Bank of Scotland (RBC) – issues a global stock and credit alert.  More

DOW Jones Industrial Average Drops -315.79 points, 3.02 percent to End the Week. DOW Jones Industrial Average Drops -315.79 points, 3.02 percent to End the Week, Caping a 4th Straight Monthly Decline.  More

The Anatomy of a Credit Crisis (2000-2008 and Beyond) A brief outline of the major events which led to the current state of affairs.  More

The President Signs the Stimulus Package and Asks Us to Spend Borrowed Money. Most taxpayers will receive a check of up to $600 for individuals and $1,200 for couples, with an additional $300 for each child.  More