The Fall of Bear Stearns
If you haven’t read the Kate Kelly’s fantastic 3 part WSJ series about the Fall of Bear Stearns, you are missing out. (I...
Corporate Bailouts Through History
I came across an interesting piece in BusinessWeek from December 2007 on one of my favorite subjects: Corporate Bailouts Through History....
Fannie Mae’s Home Prices Ex-Foreclosures
Yesterday morning, we discussed a few fun Fannie Mae (FNM) factoids from their recent quarter and conference call. Part of that...
Huge Project in the Works!
I have been out of pocket a lot this week at meetings — I just inked the deal on a huge new project. Details will be forthcoming...
What Is Yahoo Actually Worth ?
Here’s a question worth pondering: What is Yahoo (YHOO) actually worth per share, both today and 3-5 years from now? I expect...
Fed Opens Yahoo Lending Facility (YLF)
When the Microsoft-Yahoo news came out last night, I suggested that "the Fed ought to kick in the additional $8 billion or so to...
Ballmer, Yang Agree to See Other People
Its not you, its me . . . > Is that it? After all that sturm und drang, the chase ends like this? Microsoft sweetened its offer to...
Creating Fake Alpha
Saturday’s discussion about the UBS report, including the post on banker’s compensation, led to some intriguing email from...
UBS $37B Write Down, Part II: Compensation
Buried at the end of the report discussed earlier is the specific criticism of the financial compensation system in place at UBS for...
Report on UBS’ $37 Billion Writedown
Kids, we have some fascinating reading in store for you this weekend. The "conservative" Swiss banking giant UBS — and I...