Archive for September, 2009:

EXCLUSIVE: Bank Of America Informally Agrees To Release Bob McCann

{ Posted on Sep 30 2009 by John Carney }
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Categories : All, Clusterstock
Bob McCann's fight to free himself from a non-compete contract with Bank of America is almost over. The negotiations are still continuing and no formal settlement has been signed up yet. But we're told by a source familiar with the negotiations ...Read More »

Benmosche’s First Cost Cut: Fire McKinsey

{ Posted on Sep 30 2009 by Yael Bizouati }
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Categories : All, Clusterstock
Now this is rich with irony: AIG CEO Robert Benmosche's first cost cutting effort is to fire consultant McKinsey. Of course, McKinsey's whole game is to come into a company and tell them how to slash costs. McKinsey was to produce a ...Read More »

Krugman on Obama’s Deficits: Blame Reagan!

{ Posted on Sep 30 2009 by Nick Gillespie }
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Categories : All, Reason Magazine - Economics
Paul Krugman puzzles over the surge in public and private deficit-spending and implausibly concludes that, "um, didn't something...happen around 1980? Can't quite remember...someone whose name begins with the letter 'R'?": The turn to budget deficits was a direct result of the new, Irving-Kristol inspired political ...Read More »

Krugman on Obama’s Deficits: Blame Reagan!

{ Posted on Sep 30 2009 by Nick Gillespie }
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Categories : All, Reason Magazine - Economics
Paul Krugman puzzles over the surge in public and private deficit-spending and implausibly concludes that, "um, didn't something...happen around 1980? Can't quite remember...someone whose name begins with the letter 'R'?":The turn to budget deficits was a direct result of ...Read More »

An Amazing Quarter For The Bulls

{ Posted on Sep 30 2009 by Vincent Fernando }
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Categories : All, Clusterstock
It was a down day, but an awesome quarter. US Markets S&P 500: +15% Nasdaq: +16% Dow Jones: +15% NYSE Energy: +11% NYSE Financial: 26% Selected International Markets London FTSE: +21% Shanghai SE Composite: -7% Hang Seng: +13% Nikkei: 2% US Dollar Dollar vs. Euro: -4% Dollar vs. Yen: -6% Commodities Gold: +8% Oil (via OIL ETF): ...Read More »

Where’s The August TARP Payment Data?

{ Posted on Sep 30 2009 by John Carney }
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Categories : All, Clusterstock
Update: Treasury answers our inquiry here! The Treasury Department hasn't released the list of banks that are paying TARP dividends for August, breaking with its earlier precedent of publishing the data at FinancialStability.gov about three weeks into the following month. The first ...Read More »

CHART OF THE DAY: What, You Think The Savings Rate Can’t Go Higher?

{ Posted on Sep 30 2009 by Joe Weisenthal and Kamelia Angelova }
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Categories : All, Clusterstock
This chart should give chills to anyone hoping that Americans will stop saving and start spending again. For one thing, we're way below the personal savings rate we saw in the early 70s, let alone the savings rate in the ...Read More »

The Complete, Totally Non-Controversial Goldman Short-Selling Presentation

{ Posted on Sep 30 2009 by Joe Weisenthal }
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So this should definitively put to rest this idea that Goldman Sachs (GS) is sneakily trying to misinform politicians about naked shorting, by confusing the issue with regular shorting. Recall that Matt Taibbi posted three pages of a presentation, and he ...Read More »

Never Eat Alone: The Art of Small Talk

{ Posted on Sep 30 2009 by Trent }
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Categories : All, Learning, The Simple Dollar
This is the ninth of sixteen parts of a “book club” reading and discussion of Keith Ferrazzi and Tahl Raz’s Never Eat Alone, where this book on building a lifelong community of colleagues, contacts, friends, and mentors is teased apart ...Read More »

Sorkin Reveals Unconsummated Merger Between Goldman And Wachovia

{ Posted on Sep 30 2009 by Yael Bizouati }
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In his book “Too Big To Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves,” Andrew Ross Roskin reports  that the government secretly tried to orchestrate a deal involving Goldman Sachs and ...Read More »
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