A 64-year-old physicist, identified by Newsweek magazine as Bitcoin’s creator, was chased by reporters through Los Angeles and denied any role in the digital currency, saying he first heard of it three weeks ago.
As they marketed one of the biggest commercial-mortgage bond deals ever in June 2007, just as credit markets began to crumble, bankers at Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc handed out T-shirts depicting a glass it declared “half full.”
The largest auction of troubled assets in the commercial mortgage-backed securities market is showing the strength of investors’ appetites for real estate as more distressed properties from the crash come up for sale.
A company with ties to Stan Kroenke, the billionaire owner of the St. Louis Rams, bought 60 acres (24 hectares) of land in the Los Angeles area, where investors have been trying to lure a National Football League team.
Michael Simpson arrived at Alpine Meadows at Lake Tahoe earlier this month and found little more than dirt. Except for one ski run maintained by machines, the drought-parched California mountain was devoid of snow.