Cees Quirijns

And biggest winners are: Deutsche Bank and Goldman Sachs.

A constructive criticism on the lack of critical reporting in finance

By Paul Lauener and Jan Harvey
LONDON (Reuters) – Gold jumped more than 2 percent on Thursday, boosted after the Swiss National Bank sold francs against the euro and raised the specter of a race to devalue major currencies.
Analysts said the SNB intervention means one of the world’s safest currencies is being deliberately undermined to help [...]

March 10 (Bloomberg) — Citigroup Inc. Chief Executive Officer Vikram Pandit said his bank is having the best quarter since 2007, when it last posted a profit. The shares rose 38 percent and helped spur gains for finance company stocks.
“I am most encouraged with the strength of our business so far in 2009,” Pandit [...]

Large investors, including some who anticipated troubles for the housing and financial sectors, have been buying gold, concerned that moves by governments to shovel money at problem areas could cripple leading currencies.

Myron Scholes, the Nobel prize- winning economist who helped invent a model for pricing options, said regulators need to “blow up or burn” over-the-counter derivative trading markets to help solve the financial crisis.

Humor from the daily show with Jon Stewart

Banking crisis undermines Britain’s reputation as a safe place to hold funds

All this talk about “stimulus packages” and “bailouts”…
A billion dollars…
A hundred billion dollars…
Eight hundred billion dollars…
One TRILLION dollars…
What does that look like? I mean, these various numbers are tossed around like so many doggie treats, so I thought I’d take Google Sketchup out for a test drive and try to get a sense of [...]

Good luck to the American tax payer. They’ll need it.