L ast week, in the wake of the near-implosion of mortgage insurer Fannie Mae, and with rumors swirling about the fate of Lehman Brothers, where the stock has plummeted 70 percent, I got an email from a friend. Instead of his usual pithy jokes — he sent me his investment fund’s second quarter report.
He wrote:
“Even […]

Last week, in the wake of the near-implosion of mortgage insurer Fannie Mae, and with rumours swirling about the fate of Lehman Brothers, where the stock has plummeted 70 per cent, I got an email from a friend. Instead of his usual pithy jokes, he sent me his investment fund’s second-quarter report. It read: “Even […]