Per his article, "TCI, which manages more than $10bn and made its name taking on Deutsche B
Exhibit 1: there is a slide titled "How Might A Restructuring Work", and the first bullet point is "common and preferred equity extinguished".
Research Edge Question 1: Is this a more sophisticated way of suggesting Ackman getting paid on his short positions?
I won't go into other exhibits or questions, but we continue to have our "HedgEyes" on Bill Ackman.
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Bernanke admitting we have US stagflation is an important start in getting proactive on raising rates and the value of the US Dollar.
Oil's spike contributed most to the month over month rise, climbing +6% sequentially. The aggregate month over month PPI increase was +1.8% versus May.
Stagflation is finally here for Bernanke to address. The facts will not cease to exist because he ignored them.
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