| Structured Finance Under Duress
India's Finance Minister Palaniappan Chidambaram said planned curbs on offshore derivatives are aimed at improving disclosure in the stock market and not an outright ban on types of funds. 'All we are trying to do is ensure that there is greater transparency in the manner in which funds flow into India, and that investors are subject to some kind of due diligence,' Chidambaram told reporters... 'We are not imposing capital controls, we are not against any kinds of inflows, or discriminating between one flow or the other.'" Unbalanced Global Economy Watch: October 26 - Bloomberg (Simone Meier): "Money-supply growth in the euro region remained near a 28-year high in September, adding to signs inflation may accelerate. M3 money supply...rose 11.3% from a year earlier, after gaining 11.6% in August...
Hedge fund pumps $2.8bn into ETrade
ONE of America's biggest hedge funds, Citadel, has agreed to pump $US2.5 billion ($2.8 billion) into the troubled online brokerage ETrade to help shore up its ailing balance sheet, the firms announced. The deal, if approved by regulators, will enable Chicago-based Citadel to amass a hefty 20 per cent shareholding in ETrade, which also markets banking services. The online broker's share price has plummeted in recent weeks as it has been forced to writedown the value of mortgage-backed securities it holds which have been hit by a lingering US housing slump and rising home foreclosures. ETrade's stock surged after the deal was announced, but closed down 8.7 per cent at $US4.82. "The cash infusion of $US2.5 billion as a result of the transaction does provide much-needed support to ETrade.
10 Questions
As a result, people are willing to pay us tens of thousands of crowns to sweep their office for bugs, but they won’t pay 5,000 or 6,000 for a mobile phone with scrambling capabilities. The problem is that the field experts have no interest in letting the public know this information is misleading. .
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