Overallotment: May 14
May 15, 2009 by admin · Leave a Comment
- As ZH anticipated, the BGI troubles are much deeper than expected. Barclays urgently selling quant fund BGI, government darlings Blackrock and BONY in line to gobble it up (Bloomberg)
- Obama says U.S. long-term debt load is unsustainable (Bloomberg)
- GM says Chrysler-like deal best bankruptcy option (Reuters)
- Foreign direct investment in China tumbles on crisis (Bloomberg)
- The global financial crisis in pictures: the beginning to the end… and back again (Good)
- Communism special: private trucker YRC Roadway to seek $1 billion in bailout funding (WSJ)
- Speaking of communism, four more insurers to get to get TARP funding (Bloomberg)
- Two employees probed for insider trading at… SEC? (Reuters)
PS – One of these days I need to find a corporate sponsor who is willing to underwrite the overallotment option. Would ML’s REIT team be interested?
