BOSTON (TheStreet) -- Europe's approval of a plan to help stem the debt crisis leads your quick fix of company, market, economic and investing news for Thursday, Oct. 27.
Thursday's 5 Biggest Stories
Smoke 'em if you got 'em: European leaders managed to seal the deal for what will be a
big loss on Greek debt
The four big takeaways from the
. Here's a hint: More uncertainty in the markets!
Europe's math may be a little fuzzy here, as the
Greek 50% haircut may be only 28%
Part of the agreement means that the
sovereign credit default swaps aren't triggered
. Some investors are outraged.
There may be relief in the Eurozone, but there are
so many bailout questions
left to answer.
Quote of the Day
"This seems to be our fate: Our bankers took reckless risks, but our regulators take none," ProPublica's Jesse Eisinger writes of the
Securities and Exchange Commission's
woeful fight against securities fraud.
books another profit.
Procter & Gamble
, on the other hand, sounds pretty downbeat.
filed its annual report with the SEC and there are a few interesting tidbits, including a pickup in hiring and R&D spending.
The president of
steps down and eyes the CEO seat at
will still be called on to back assets in the
European Financial Stability Facility
, which now stands at $1.4 trillion.
said it sees significant downside risks, but has been mum on what those risks are.
Analyzing the proposals floating around that would
write down mortgage principals
An argument against owning
are looking a little overbought.
Steven Cohen's hedge fund,
, has quietly stopped investing in other funds started by former employees as it tries to fix its reputation.
Odds and Ends
Ruth Madoff says she and husband
Bernie Madoff attempted suicide
on Christmas Eve 2008.
The financial media likes nothing more than a spat between two
financial media people bickering on the Internet
In honor of former Red Sox player Manny Ramirez, I give you
Silvio being Silvio
It's raining in Boston. It appears
could be revived. Here's a video that ties the two together.
-- Written by Robert Holmes in Boston
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