Wall Street May Face $460 Bln in Losses Says Goldman

Wall Street banks, brokerages and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost four times the amount already disclosed, according to Goldman Sachs Group Inc. Profits will continue to wane some other analysts said.“There is light at the end of the tunnel, but it [...]

Investment banks: borrowing from Fed

In a bid to stabilize the jittery markets, the Fed said on Sunday that it would allow investment banks to borrow from its discount window using a wide range of investment-grade securities for collateral. Markets were unstable after a run on the bank at Bear Stearns Cos Inc (BSC) forced [...]

IP Call Du Jour : China Architectural

An easy 20% gain for InternetPlays traders today as we nailed China Architectural (RCH) today for a good day trade. You seriously need to hang out in our chat. Here is a copy of the PR from today:
China Architectural Engineering Announces New Projects Worth $50 Million in Dubai
Company Will Build Enclosures for Stations, Entranceways, [...]

Greenspan Speaks; Brace for impact

The current crisis rocking the markets and global economy could turn out to be the worst since World War II, former US Federal Reserve chairman Alan Greenspan said in remarks published Monday.
“The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second [...]

Stocks Boom on Bank Booster

The Fed promised a $200 billion booster shot for ailing markets and Wall Street answered with its biggest bounce in more than five
Hoping to ease the credit crisis, the Fed — acting with the European Central Bank, the Bank of Canada and the Swiss National Bank — agreed to loan investment banks money in [...]

Spitzer Is Linked to Prostitution Ring

ALBANY - Gov. Eliot Spitzer has informed his most senior administration officials that he had been involved in a prostitution ring, an administration official said this morning.Mr. Spitzer, who was huddled with his top aides inside his Fifth Avenue apartment early this afternoon, had hours earlier abruptly canceled his scheduled public events for the day. [...]

IP Everywhere !

The Web is increasingly getting more social and in depth. With the rapid expansion of Web 2.0 and all things related to it, we at IP would like to stay in touch. Therefore we have begun launching InternetPlays on all the major networks across the internet.
http://tinyurl.com/29fqep
Click Here to visit us on myspace
IN OTHER NEWS
Stocks [...]