Thursday, August 23, 2007

Diary of a private investor

Two of Bear Stearns hedge funds filed for bankruptcy protection on August 1st. Goldman Sachs had to put additional $3 billion into their hedge fund on August 12th. This development got me a little worried about my sub-prime loan portfolio. But then in the middle of the financial meltdown, on August 13th, Motor Taxi Service has made a scheduled repayment of $25! So far the sub-prime lending crisis avoided me...

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