Chen Lin Places His Bets on Self-Financing Producers
Source: Brian Sylvester of The Gold Report (2/4/13)
The tough financing markets of the past few years have taken their toll on many junior resource companies, as continuing needs for capital have led to dilution and lower stock prices. In this tricky environment, Chen Lin likes to place his bets on companies that can minimize dilution through internal cash flow that helps to finance [...]
The world’s biggest banks would have needed more than $600 billion based on last year’s balance sheets to achieve the minimum capital ratios required under tough new rules.
The Basel Committee of global regulators said if the new rules, known as Basel III, had been in force at the middle of last year, banks would have needed 486 billion euros ($638 billion) to hold core capital of 7 percent of assets, [...]
Remember the story about the Wall Street guy who rented out all 94 rooms of an Aspen hotel for three days for his daughter’s Bat Mitzvah?
The main character in that tale was an individual named Jeffrey Verschleiser, a former Bear Stearns executive who was instrumental in helping blow up that venerable firm. Verschleiser among other things was reportedly involved with an elaborate Wall Street version of a merchandise return scam, only instead [...]