Was a Private Equity Bid for Yahoo Thwarted by Microsoft ?
Last week, before the Microsoft (MSFT) deal was rejected by Yahoo’s Board, some interesting chatter was bouncing around NYC. The...
Yahoo to Microsoft: No, Thank You
> "They tried to make me go to Redmond, I said, No! No! No!" > The WSJ is reporting that the Yahoo Board of Directors...
Quote of the Day: Warren Buffett
Warren Buffett has accused major investment banks of creating their own downfalls:> "It’s sort of a little poetic justice,...
Moodys Warning Labels (sub-prime version)
From Tuesday’s WSJ: "In an acknowledgment that the system it used to rate billions of dollars of mortgage-related securities...
Micro-Hoo!™: Desktop vs Internet
Alternative title: Who Do You Trust?, Part II Last month, we looked at the question: Who Do You Trust?. That discussion considered...
Monoline Insurance: There’s a New Sheriff in Town…
The monoline insurers — the firms that issued default insurance on muni bonds that never default — have been buried by more...
NYTimes, Société Générale, & Me
>When it rains, it pours: Last night, I actually spoke with a reporter (novel idea) about a piece he was writing on Société...
Quote of the Day: Ackman on MBIA
Bill Ackman asks if Fitch Ratings should really have a Triple AAA rating on MBIA: Does a company deserve your highest Triple A rating...
Counter-Party Risk
Get used to hearing that phrase: Counter-Party Risk. You will be hearing a lot of it in the coming year. Its one of the reasons I...