Archive for August, 2009:

Michael Jackson Had Lousy Credit

{ Posted on Aug 28 2009 by John Carney }
No Comments
Categories : All, Clusterstock
TMZ has somehow dug up Michael Jackson's credit scores. It seems that the King of Pop wasn't really big on paying his bills on time. From TMZ: TMZ has learned that in 2007, Jacko's average credit score was 563.67 (Equifax 592, Transunion: ...Read More »

CHART OF THE DAY: You Should Have Gone Into The Public Sector

{ Posted on Aug 28 2009 by Vincent Fernando and Rory Maher }
No Comments
Categories : All, Clusterstock
Do you want to make good pay, have awesome benefits, and amazing, iron-clad job security? Don't go looking in the private sector. New analysis from the BEA, via Cato-at-Liberty, shows that the average Federal worker makes well more than their private ...Read More »

Peter Boettke: The Bailout Didn’t Work

{ Posted on Aug 28 2009 by John Carney }
No Comments
Categories : All, Clusterstock
The long run inflationary consequences of the bailouts of our financial system has sent us on a path of national ruin, famed economist Peter Boettke argues. Despite the short term gains in the stock market and what looks like the start ...Read More »

Leverage Is BACK!

{ Posted on Aug 28 2009 by Joe Weisenthal }
No Comments
Categories : All, Clusterstock
Here's the thing. It's inevitable that this story from Bloomberg about the return of leverage is going to cause all kinds of eyebrow raising. Credit Suisse Group AG and Scotia Capital, a unit of Canada’s third-largest bank, said they’re offering credit ...Read More »

The Pay Czar Is A Multi-Millionaire

{ Posted on Aug 28 2009 by Yael Bizouati }
No Comments
Categories : All, Clusterstock
Kenneth Feinberg, the administration’s “pay czar,” put in place in June to regulate bankers’ compensation, is not doing too shabby himself, thank you very much. According to Reuters, last year, Feinberg made almost $6 million as a partner at DC law ...Read More »

Marvell Technology Has Turned the Corner

{ Posted on Aug 28 2009 by Ockham Research Staff }
No Comments
Categories : All, Ockham
After reporting better than expected second quarter earnings, Marvell Technology Group (MRVL) is among the largest gainers, up more than 4.5% midday.  The quarter just ended saw the company earn 18 cents, which was better than the street’s expectation of ...Read More »

New York Giants Sue For $300 Million Lehman Loss

{ Posted on Aug 28 2009 by Lawrence Delevingne }
No Comments
Categories : All, Clusterstock
Lehman's toxic legacy keeps producing strange victims. This time, it's the NFL's New York Giants. WSJ: Giants Stadium LLC – a company set up by the Mara and Tisch families, the owners of the National Football League team – have filed ...Read More »

NYC’s Version Of The Foreclosure: The Board Turndown

{ Posted on Aug 28 2009 by Joe Weisenthal }
No Comments
Categories : All, Clusterstock
Foreclosures are on the increase in the NYC region, but they haven't ravaged the market the way they have elsewhere. And that's a good thing, since the prices sold at foreclosure really whack the whole market. So what's the equivalent ...Read More »

Alleged Citi Fraudster Humiliates Top Politicians

{ Posted on Aug 28 2009 by Lawrence Delevingne }
No Comments
Categories : All, Clusterstock
President Obama, the Democratic National Committee and a growing group of politicians are giving back money donated to them by Hassan Nemazee. The wealthy investor and prominent Democratic fundraiser was arrested this week for allegedly trying to defraud Citibank of $74 ...Read More »

Stanford CFO Davis Has An Awful Legal Team

{ Posted on Aug 28 2009 by Joe Weisenthal }
No Comments
Categories : All, Clusterstock
Yesterday we learned that Allen Stanford's former CFO was making just $10/hour doing manual labor in Michigan. Well, when you're making that little, you can't afford good lawyers, can you? Nope. And it shows. Houston attorney Tom Kirkendall is gobsmacked by the ...Read More »
« Older Entries
Newer Entries »