From the hardest working man in show business.
Er, the WSJ's Deal Journal.
Note the timestamp.
What the E*Trade Bailout Says About “Marking to Market”
Does one deal a market make?
Citadel’s E*Trade bailout has led some to call a floor for the dodgy mortgage-backed securities that have been rattling the markets. “We finally have a market-determined price for all those mortgage-backed securities, and it is 27 cents on the dollar,” said one analyst. That would presumably have great significance for the likes of Citigroup, Morgan Stanley, and Bear Stearns. The value of this paper has been the primary question mark hanging over the stocks....MORE
**That's a feeble play on Kevin Trudeau's book:
“The Weight Loss Cure ‘They’ Don’t Want You to Know About”
Which came to mind because of this press release a couple weeks ago:
Federal Court Finds Kevin Trudeau in Civil Contempt
On November 16, 2007, a U.S. District Court judge found Kevin Trudeau in contempt of court for violating a 2004 permanent injunction. The Court found that Trudeau violated the permanent injunction when he misrepresented the contents of his book, “The Weight Loss Cure ‘They’ Don’t Want You to Know About,” in several infomercials. The permanent injunction banned Trudeau from using infomercials to sell any product, service, or program. The ban contained a narrow exemption for infomercials for books and other publications, but specifically required that Trudeau not misrepresent the content of the books. Judge Robert W. Gettelman ruled that Trudeau “...has misrepresented the contents of his book by stating in his infomercials that his diet protocol was ‘easy’ and that it allowed dieters to ‘eat whatever they want,’ and he has misled thousands of consumers.”
The 2004 permanent injunction settled the Federal Trade Commission’s charges that Trudeau had falsely claimed that his calcium product could cure cancer and other serious diseases, and that a purported analgesic called Biotape could permanently cure or relieve severe pain. The appropriate contempt remedy for violating the permanent injunction is still to be determined by the Court....
Here's the Federal Trade Commission release, I hope Kevin didn't sell all the Biotape, that's gotta hurt.
