Daily Archives: September 5, 2008
Another Alternative Energy Inventor Killed?
A man by the name of Stefan Nystrom invented a way to generate energy from ocean waves that he claims would cost 5% of what coal energy does. He set up a proto-type in Ghana and, initially, claims to have found many potential investors. However, suddenly problems started to pop up. The investors, originally extremely…
Lehman May Shift $32 Billion of Mortgage Assets to ‘Bad Bank’
— Lehman Brothers Holdings Inc. may shift about $32 billion of commercial mortgages and real estate to a new company that will be spun off in a move similar to the good-bank-bad-bank model used in the 1980s banking crisis, two people briefed on the discussions said. The bad bank, nicknamed Spinco for now, would have…