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Guest Post: Goldman Sachs Responds To The New York Times

Tue, 24 Nov 2009 23:44:53 GMT

Pulitzer Prize winner Gretchen Morgenson of the New York Times wrote a must read article (“Revisiting a Fed Waltz with AIG,” November 21, 2009) on Sunday in which she recaps salient points from the November 17, 2009 report of the Office of the Special Inspector General (Neil Barofsky) for the Troubled Asset Relief Programs, “Factors Affecting Efforts to Limit Payments to AIG Counterparties,” and wrote:[More...]

Wells Fargo (WFC) Kicks The Can By Transofrming Option ARM Mortgages Into Interest Only

Fri, 06 Nov 2009 17:31:26 GMT

If you are not familiar with what an option ARM mortgage is, read this piece (Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs?)). I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest only mortgages? Yep I knew about those.[More...]

Does Ben Bernanke Have The Facts Right On Banking?

Fri, 30 Oct 2009 08:09:46 GMT

Ben Bernanke, chairman of the Federal Reserve, has stayed carefully on the sidelines while a major argument has broken out among and around senior policymaking circles: Should our biggest banks be broken up, or can they be safely re-regulated into permanently good behavior? (See the recent competing answers from WSJ, FT, and the New Republic).[More...]

Is Citi (C) Being Forced To Downsize By Obama?

Tue, 27 Oct 2009 16:03:40 GMT

It seems that not a day goes by when you don’t hear about some asset sale in Citigroup’s far-flung empire. Of all the major too-big-to-fail institutions, it is easily the most troubled: the poster child for everything that is wrong in finance in America.[More...]

Are Big Banks Better?

Mon, 26 Oct 2009 14:57:27 GMT

Last week, Charles Calomiris wrote an op-ed in the Wall Street Journal arguing that big banks are better for various reasons. Simon wrote last week saying that Calomiris underestimated the political dimension, and that his proposed solution — a cross-border resolution mechanism for large institutions — is the policy equivalent of assuming a can opener.[More...]

Market Briefing For Oct 19, 2009

Mon, 19 Oct 2009 14:49:00 GMT

"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey Today, Bank of America CEO, Ken Lewis, was stripped of his 2009 salary and bonus by the U.S. Treasury Department's pay czar. Lewis, who was not a "brother" of the Wall Street Gang gets burned at the stake, while the the other "brothers from another mother" continued to collect millions in bonuses.[More...]

Waterboard JP Morgan And The Mortgage Bankers Assn

Wed, 14 Oct 2009 17:34:54 GMT

How to give an economics writer a coronary: Recommend something that has been done twice before, and both times led to disaster, including being a major contributor to The Great Depression.[More...]

Goldman Sachs: The 'Smart' Money?!

Tue, 06 Oct 2009 04:15:52 GMT

U.S. stocks rebounded today, aided by a rally in financials. Why was the group strong? Because a team of analysts at a well-known Wall Street firm upgraded the large banks sector. And why did they do that? Bloomberg gives us the lowdown in "Wells Fargo, Biggest U.S. Banks Raised by Goldman":[More...]

Why Is Goldman (GS) Allowed To Game The System?

Mon, 05 Oct 2009 15:45:03 GMT

Marshall Auerback sent me a link to a recent Simon Johnson missive about Goldman Sachs. I had already seen and liked this article, but his e-mail prompted me to write this post. My question is: Why is Goldman a bank holding company?[More...]

State Of The Exchange-Traded Fund (ETF) Market

Thu, 01 Oct 2009 13:20:28 GMT

Many of my clients and readers understand my general preference for exchange-traded funds (ETFs) over mutual funds.* It isn’t that I doubt the ability of any active mutual fund managers to outperform their benchmarks—plenty of them do.[More...]

Senator John Kerry out million$: Study: Senator lost one-third of fortune amid economic crisis

Sat, 05 Dec 2009 07:46:00 GMT

Dec. 5--THE NATION'S RICHEST SENATOR -- the Bay State's own John Forbes Kerry -- has been knocked down a few notches after seeing his fortune sliced by one-third by the fiscal meltdown that ripped down Wall Street.
The Boston Democrat's staggering losses dropped him from first to third among the wealthiest senators, trailing Herb Kohl (D-Wis.)
and Mark Warner (D-Va.)

: iStockAnalyst.com Symbols Feed

Guest Post: Goldman Sachs Responds To The New York Times

Wells Fargo (WFC) Kicks The Can By Transofrming Option ARM Mortgages Into Interest Only

Does Ben Bernanke Have The Facts Right On Banking?

Is Citi (C) Being Forced To Downsize By Obama?

Are Big Banks Better?

Market Briefing For Oct 19, 2009

Waterboard JP Morgan And The Mortgage Bankers Assn

Goldman Sachs: The 'Smart' Money?!

Why Is Goldman (GS) Allowed To Game The System?

State Of The Exchange-Traded Fund (ETF) Market

Senator John Kerry out million$: Study: Senator lost one-third of fortune amid economic crisis

Bank robbery suspect nabbed in Myrtle Beach area

Cost-cutting helps Belk profit

EDITORIAL: The Ransom of AIG

Bank deposits grew in NEPA

Traffic changes ahead at mall

Wells Fargo adding staff at acquired branches

World Bank loan justifiable - experts

Usher in season with Banker's Holiday: Tickets on sale for Dec. 4 party

Suspect in bank robbery is caught after 100-mph chase: A truck driver helps to stop the suspect on Interstate 85, police say.

Securities Law Firm of Tramont Guerra & Nunez, PA Makes Announcement to All American International Group Shareholders

Wall Street Media Presents Exclusive Strategist Video on Solution to the Global Credit Crisis

Wall Street Media Presents Exclusive Strategist Video on Bailout Impact for Investors

Fitch: Wells Fargo Cements National Franchise With Wachovia Buy; IDR Affirmed at 'AA' - Jan 2 2009 11:51PM

Fitch: Wells Fargo Cements National Franchise With Wachovia Buy; IDR Affirmed at 'AA' - Jan 2 2009 9:52AM

BridgewaterEquity.Com Free Fundamental Sector &Amp; Market Research on ROH, UNP, FNM and WB

Standard & Poor's Announces Changes to U.S. Indices - 23-12-08

Wachovia Announces Shareholder Approval of Wells Fargo Merger

Evergreen Multi-Sector Income Fund Declares Special Dividend

Wachovia Announces Settlement of North Carolina Lawsuit Challenging the Wells Fargo Merger

Form 4 WACHOVIA CORP NEW For: Dec 31 Filed by: LEHMAN ALICE L (10K)

Form 4 WACHOVIA CORP NEW For: Dec 31 Filed by: MCFAYDEN SHANNON W (10K)

Form 4 WACHOVIA CORP NEW For: Dec 31 Filed by: KELLY STANHOPE A (10K)

Form 4 WACHOVIA CORP NEW For: Dec 31 Filed by: JENKINS BENJAMIN P III (10K)

Form 4 WACHOVIA CORP NEW For: Dec 31 Filed by: Enos Gerald Adams JR (10K)

Form 4 WACHOVIA CORP NEW For: Dec 31 Filed by: CUMMINGS STEPHEN E (10K)

Form 4 WACHOVIA CORP NEW For: Dec 31 Filed by: Clark Ranjana B (10K)

Form 4 WACHOVIA CORP NEW For: Dec 31 Filed by: Carlson Peter M (10K)

Form 4 WACHOVIA CORP NEW For: Dec 31 Filed by: Sherburne Jane Cecile (10K)

Form 4 ZWIENER DAVID K For: Dec 31 (10K)