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In October, Porsche announced that it had acquired a nearly 43 percent stake in Volkswagen with an option to buy 32 percent more. Without anybody noticing, Porsche, maker of scarcely 100,000 cars per year, had cornered a 75 percent position in VW, which cranks out nearly 6 million vehicles. ...more
November 27, 2008
Will stocks benefit now that the government is letting investors bet on financial stocks going down? ...more
October 10, 2008
Here's the truth about why Treasury Secretary Hank Paulson wants $700 billion of your money to bail out stupid financial companies. It's not about protecting you, the unwitting American. It's about protecting people such as him. ...more
September 24, 2008
The government's unprecedented move Friday to ban people from betting against financial stocks might be a salve for the market's turmoil, but it could carry serious unintended consequences. ...more
September 20, 2008
With Wall Street engulfed in crisis, the Securities and Exchange Commission is planning measures to rein in aggressive forms of short-selling that were blamed in part for the demise of Lehman Brothers and which some fear could be turned against other vulnerable companies. ...more
September 16, 2008
A government order expired Tuesday that temporarily banned a certain kind of short-selling of the stocks of mortgage finance companies Fannie Mae and Freddie Mac and 17 large investment banks. ...more
August 13, 2008
Just because Wall Street is terrible at learning from its mistakes, that doesn't mean the rest of us have to be. ...more
June 12, 2008
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