Biz Bites

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At [the moment]….Stocks are up as the European Central Bank pumped $65.28 billion dollars to bail out the euro zone money markets, who put way too much money into the U.S. Subprime Lending Companies. On Friday, Bernake helped us out by injecting $38 billion down at Wall and Broad.  This morning, the Fed said it would add $2 billion more dollars in a one-day repurchase…

[New York-Based Goldman Sachs Group] is putting $2 billion into their Global Equity Opportunities Fund after it dropped 30% last week. Another $1 billion will come from New York-based C.V. Starr & Co., Perry Capital LLC and Eli Broad. Per the Wall Street Journal, the executives denied that the equity infusion was a bailout of the fund. Instead, they said the investment simply represented a good opportunity for Goldman and the other investors, given the recent market turmoil….

[Sesame Street Toy Maker Committed Suicide] on Saturday afternoon at his factory's warehouse in China. His company made about 1 million toys, including characters from Sesame Street and Nickelodeon, that may’ve been tainted with lead paint…
Flashback, 1929?

Photo courtesy of [Helico on Flickr.]

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