Day July 26, 2007

The greedfest is ending

Major investment banks this week failed to find investors for billions of dollars in loans for the buyouts of Chrysler and the British firm Alliance Boots. Rather than having have made a “bridge loan” until they found investors, they must…

Not fiction

A Mexican-Chinese businessman accused of aiding in the making of tons of methamphetamine in Mexico has been arrested in Maryland. Authorities found $207 million in cash in his Mexico home recently, and he said $150 million of that belonged to…