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  • Boom for toxic-asset analysts: The financial crisis is creating a boom for independent analysts who are being hired by banks and investors scrambling to put a number on the value of some of the trillions of dollars of toxic assets that continue to plague the global financial system.

January 15th

January 2nd

  • Minyanville - Market Commentary, Investing Ideas, Global Finance, The Economy: In the world of illiquid assets, sports teams are as scantly traded as even the most esoteric mortgage-backe d securities. And with markets for such things still frozen, the lofty valuations of recent years could soon be set to tumble. The majority of sports franchises are owned by wealthy businessmen, most of whom made their fortunes in industries far removed from the on-field exploits of their hundred-billio n-dollar hobbies. Now that those primary businesses are suffering -- and the ultra-rich are seeing their vast wealth depleted -- sports teams may be dumped into a decidedly unfriendly market. The Wall Street Journal reports more than a few team owners have fallen on hard times, threatening to burst what many believe to be a bubble in America?s favorite sports dynasties.

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