Somebody needs to get the Standard & Poors Monkey off of Ireland’s Back… The ratings agency just cut Ireland’s credit rating for the second time in 3 months (now down to AA). The cost of the Emerald Isle’s banking disasters have S&P spooked and as a result, the credit default swaps that determine the cost…
Credit Default Swaps
A Day in the Life: Hank Greenberg
A Day in the Life of Maurice “Hank” Greenberg 7:00 am: Wake up. CD alarm clock plays “It’s All Over Now” by The Rolling Stones. 7:05 am: Mutters “wasn’t my fault” on the way into the shower. 7:30 am: Breakfast, includes 2 egg whites, one half grapefruit, one heaping bowl of Gorilla Munch cereal (from…
