- ‘Sinister’ German Plan Aimed at Funds, Analysts Say
- Lenny: error by bank
- Dodd’s Chief Counsel Bought Financial Stocks During 2008 Crisis
‘Sinister’ German Plan Aimed at Funds, Analysts Say – Bloomberg
Germany’s suggestion that it may order spies to track speculators targeting currencies is “sinister and silly,” according to analysts, who said hedge funds in London and New York would be the targets.
Germany’s Finance Minister Wolfgang Schaeuble told the Bundestag on March 16 that the country may have to consider ordering “intelligence agencies to set up surveillance of who is getting together with whom for which kinds of speculative processes, and where” to protect the euro.
“I find it sinister and silly, it is a complete overreaction,” said Philip Whyte of the Centre for European Reform, a pro-European Union research institute in London. “There is a certain school of thought in continental Europe that everything is always the fault of hedge funds.” Schaeuble’s comments reflected “a longstanding paranoia about the Anglo-Saxon model of capitalism.”….
Lenny: error by bank – NY Post
Broke ex-Met Lenny Dykstra claims he fell victim to a now-defunct bank that allegedly duped him into overextending himself on the purchase of hockey legend Wayne Gretzky’s California mansion.
In a $100 million “predatory lending” suit filed yesterday, the former center fielder known as “Nails” says he had a deal to buy the posh pad at the Sherwood Country Club in Thousand Oaks with $17.5 million borrowed from Washington Mutual Bank.
His Manhattan federal court case targets JPMorgan Chase & Co., which bought out WaMu after its spectacular collapse during the subprime loan crisis…..
Dodd’s Chief Counsel Bought Financial Stocks During 2008 Crisis – Bloomberg
Senate Banking Committee Chairman Christopher Dodd’s chief counsel in 2008 traded stock in Morgan Stanley, Wells Fargo & Co., American International Group Inc. and other rescued companies as the panel considered legislation to address the credit crisis, according to her financial disclosure form filed with the Senate.
Amy Friend, 51, who is now leading the panel’s effort to write a bill overhauling Wall Street regulations, bought $1,000- to-$15,000 stakes in four banks, weeks after Dodd hired her in January 2008, the form shows. She also owned shares of Fannie Mae, Freddie Mac, AIG and other insurance firms, according to the disclosure document, which she signed on June 5, 2009…..
Tags: Christopher Dodd, Currencies, Germany, Hedge funds, JP Morgan, Lawsuit, Lenny Dykstra, speculators, Spies
