A complaint against Securities America contains a lengthy and potentially damaging list of allegations against the Omaha broker-dealer and its sales of private offerings in Medical Capital Holdings. The complaint, which was filed Jan. 26 by Massachuset…
Bloomberg Markets Magazine is a fantastic publication providing in-depth coverage of a number of financial and economic topics. However, the latest issue is focused on hedge fund performance in 2009 and presents a gray area in terms of hedge fund…
I don’t typically comment on financials or real estate that much these days but I this weekend I saw an article in the Wall Street Journal and it made me smile.[More...]
A very easy to read op-ed piece by Paul Volcker which just about any competent American should be able to understand. Now, if only they would…
Let us hope this thing is not full of mack truck sized loopholes, and consider this "too big to…
The past week’s performance of the major asset classes is summarized in the chart below – a set of numbers indicating heightened risk aversion on the back of growing concerns about sovereign debt issues, the longevity of the global economic recovery …
We’re probably overdue in updating our periodic "How’s the Economy Doing" series, although we did include economic data in our "Which Way from Here?" presentation the other week. Below, we briefly share some data from The Port of Lo…
Now that’s some serious pocket change you can believe in. If correct, Blankfein’s 2009 bonus will be over 30% greater than his $68 million take home in 2007, the previous all time record year for Wall Street. Check to you, Mr. President: surely this wi…
Government plays “fun with numbers”, and hopes you are too stupid to see through the BS.
The Government has attempted to paint the economic stimulus plan as a huge success. Before the bill was passed last year the Obama administration had proclaim…
It’s been said that correlations go to one during a crisis. What that means is when disaster strikes, markets increasingly trade in sync, as fear induces a contagious herding response that leaves many traders unwilling — temporarily, at least — to be…
You just knew they wouldn’t play by the rules, right?
Investment bankers in the U.S. have begun using equity derivatives to convert restricted shares paid as bonuses into cash, side-stepping new guidelines on remuneration which were designed to preven…