The sales were made even as the market for auction rate securities froze up, rendering the holdings impossible to sell without a loss.
That one horrendous decision put SIRI in a position such that when the credit markets froze up with the collapse of Lehman Bros.
FORBES: Ask Not What Karmazin Did For Sirius. Ask Instead What Sirius Did For Mel
Subprime mortgage lenders weighed most heavily on the stock and bond markets as their businesses started to unravel earlier this year, and the fixed income markets all but froze up.
"I literally froze up when I saw a new design from Adidas set to hit stores in August, " Dr. Boyce Watkins said in a post for the website Your Black World.
On the HP, Windows 8 proved so buggy at first that I couldn't even get back to the Start Screen home base for the system after opening apps and the computer froze up frequently.
WSJ: A Review of Windows 8 Upgrade: Not for Old-at-Heart PCs
Mr. Samit: The big guys who were out there 10 years ago worked peer-to-peer, so if you did a business call with someone in China they didn't really care if the image froze up every few seconds.
WSJ: How I Built It: Video-Chat Tool Expands From Its Teen Base
New York state education officials have already begun to weigh the fallout from tougher standardized tests tied to new academic standards after schools and parents complained this week that children ran out of time, collapsed in tears or froze up.
But for investors in NIR funds, the most important thing is retrieving their investments that have largely been locked up since Ribotsky froze redemptions back in 2008 after reporting some nine years of positive returns with only three down months.
After the hedge fund froze redemptions, Aris also claims that Guerra cooked up a bad deal featuring the 28 airplanes that made up 30% of the hedge fund's assets.
FORBES: Hedge Fund Manager Accused Of Self-Dealing And Fraud
The problems began when a Belgian appeal-court ruling froze the BNP sale and ordered that shareholders be given a proper say in the break-up of the bank.
应用推荐