My del.icio.us bookmarks for November 11th

These are my links for November 11th:

• Recession? Not in Jersey » News » This Is Jersey – Who are they kidding

  The securitisation industry is dead

  The najor economies of the world are gunning for them, but all is hunky dory

  Would you invest your funds in a place run by people with that much perception?

• FT.com / Companies / Financial Services – KKR unit suspends pay-out despite income rise – More private equity stress

  Wait for the implosion – it's going to happen very soon

• FT.com / Companies / Banks – HSBC chief hits at state bank bail-outs – Oh so wise after the event HSBC. But what would you have said if they had all gone bust and most of your counterparty risk had failed with them?

  People like Mr Geoghegan should do a little more honest self appraisal of their own vulnerability before they set out on their high horse, the way he has.

• FT.com / Companies / Health Care – Wellcome Trust invites bids on £3.8bn portfolio – I'll offer a tenner

  Why? Because private equity companies are heavily geared. Right now that means that they are in the eye of the storm: the first companies likely to fall over under the pressure of reduced profitability.

  Wellcome Trust can expect to take a cold bath on this portfolio, as can anyone else with private equity stakes.