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POPS Sen. Reid Cries 'Bankruptcy' In Front Of Reporters The SEC has been issuing subpoenas for an investigation into rumor-driven market manipulation. Of course, Harry Reid stood up in broad daylight to talk about a troubled insurer "with a name that everyone knows," so his contribution was merely obtuse. And predictably destructive. The steep drop in the share prices of insurance companies Thursday destroyed wealth for uncounted middle-class investors holding onto stock in companies still considered healthy. It calls to mind *Senator Chuck Schumer's public suggestion in July that troubled IndyMac Bank "could face collapse." It did, after a deposit run. Senator Schumer said criticizing his action was akin to blaming "the fire on the guy who called 911." The nation's shareholders would sleep better at night if some Members of Congress enrolled in Arsonists Anonymous. The $4 Billion Senator* http://online.wsj.com/article/SB121607771017452513.html?mod=article-outset-box
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POPSCDOs Rise From The Dead These reinvented CDOs are supposed to be less risky...we'll see. Fool me once, shame on you. Fool me twice, shame on me.
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POPSCNBC's Erin Burnett In Action The Washington Post discovers that one of the most prominent anchors on a cable news channel covering business and financial news actually has a brain. Golly, who'd have thunk... - Louis Hau
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POPSCredit Crunch If it's getting harder for KKR's Henry Kravis to borrow money on his own terms, imagine what the subprime mortgage meltdown is doing to the rest of us. -- Liz Moyer
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