Day April 24, 2008

Hardly a surprise

Subprime mortgage litigation reaches record levels in the first quarter of 2008 Can increased levels of criminal indictments be far behind? Because I’m guessing there’s a whole lot of folks involved in the subprime debacle who deserve to go to…

Formula 1 racing to go hybrid

Starting in 2009, Formula 1 race cars will be hybrids, eventually capable of storing excess energy to be used for power boosts, a technology that apparently is much more efficient than current hybrids. If this system can be applied to…

Bond insurer Ambac

Well no, it could go to zero and then bankruptcy. Mish details how this once mighty company cratered, while all the time saying things were just fine, thanks for asking. Truly, a poster child for all that was wrong with…