Archive for August, 2009:

Floyd Norris Laughs At Citigroup’s Ridiculous Press Release

{ Posted on Aug 31 2009 by John Carney }
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Categories : All, Clusterstock
Earlier today Citigroup put out a press release touting a deal in which it sold three credit card portfolios with approximately $1.3 billion in assets.But what caught the eye of the New York Times' Floyd Norris wasn’t the thin facts ...Read More »

Seven Tempting Places – And Eight Ways to Minimize Their Impact

{ Posted on Aug 31 2009 by Trent }
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Categories : All, Learning, The Simple Dollar
I’m often tempted to spend money that I shouldn’t. I’m good at restraining my impulsive nature. I don’t simply go into stores and then emerge later with a hefty bag, a credit card bill, and a dazed look on my ...Read More »

Mark Cuban Turns Tables, Seeks To Fine The SEC

{ Posted on Aug 31 2009 by John Carney }
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Earlier this month Mark Cuban not scored a rare victory against the SEC, having a judge dismiss the insider trading case against him. Now he’s going for the extra-points by attempting to force the SEC to pay for the costs ...Read More »

The Health Care Debacle May Have Saved Bernanke’s Job

{ Posted on Aug 31 2009 by John Carney }
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Ben Bernanke’s reappointment is viewed by some in the political and financial establishment of our nation’s capital as a sign of political weakness for President Obama. Paul Bedard of Washington Whispers explains: The reason: If Obama were still at the top ...Read More »

Matt Nesto Reveals His Inner Frat Boy

{ Posted on Aug 31 2009 by Joe Weisenthal }
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We've always wondered about CNBC's Matt Nesto: Is he an AV-room geek or a frat guy? The answer, apparently, is the latter. Here's how he started-off his segment, after the previous guy mentioned selling in "high-beta financials." Nesto went to ...Read More »

SocGen’s Kerviel Is Back

{ Posted on Aug 31 2009 by Yael Bizouati }
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Remember Jerome Kerviel? Poor guy got a bit overshadowed by fellow fraudsters Bernie, Stanford & Co., but he resurfaced today, as reports note that he will stand trial in Paris. The Societe Generale trader allegedly caused $7.2 billion in losses to ...Read More »

Great News: Workplace Deaths Declined 10% Last Year

{ Posted on Aug 31 2009 by John Carney }
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Workplace deaths declined 10% last year, hitting the lowest overall level since 1992. And not all of this decline was due to high unemployment—the fatality rate also fell from 4.0 deaths per 100,000 full-time equivalent workers to 3.6 deaths per ...Read More »

Tough Times For 58-Year Old Divorced, Jobless Man

{ Posted on Aug 31 2009 by Joe Weisenthal }
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Even as business-sections of newspapers start to sound more optimistic, the negativity surrounding the economy continues to seep into other sections, like the Style section of the NYT. The paper ran a story this weekend about Michael Blattman of New Rochelle, ...Read More »

Recession Screws Neighborhood Out Of Getting Gentrified

{ Posted on Aug 31 2009 by Joe Weisenthal }
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It's no fair for the residents, property-owners and entrepreneurs who dwell in Greenpoint, Brooklyn, the perpetually up-and-coming neighborhood on the Queens border. Its boom is right around the corner, with promises of being the next condo- and organic-grocery-store-infested neighborhood. But the ...Read More »

Chairman Schapiro Issues Open Letter to Broker-Dealer CEOs

{ Posted on Aug 31 2009 by SEC.gov Updates: Press Releases }
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Categories : All, SEC.gov Updates
SEC Chairman Mary L. Schapiro today issued an open letter to remind broker-dealer chief executive officers of their supervisory responsibilities following reports that special recruitment programs at some firms are premised on enhanced compensation arrangements. Read More »
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