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...
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Read this Michael Lewis piece: What Does Goldman Know That We...
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This morning, the papers are rife with stories about the debacle that is Sears (SHLD). Once America’s largest retailer, it now...
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Nothing like a combination of reckless lending standards, aggressive stupidity and irresponsible behavior being rewarded. For pushing no...
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Shorter Floyd Norris: We bankers are idiots, we can’t do basic math, have little in the way of risk management. Lobbying for FASB...
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>Bank of America (BAC) is reportedly in advanced talks to by Countrywide Financial (CFC). This is in direct contradiction to Dennis...
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Scarsdale Equities holds a regular luncheon, immortalized in the book The Money Game. I am privileged to occasionally break bread with...
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You may have overlooked this short but fascinating column in Bloomberg yesterday: "Merrill Lynch, founded in 1914, sold hundreds of...
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This is a classic:> "I don’t know why the banks had to find new ways to lose money when the old ones were working so...
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My year end review of the lessons provided by 2007 is now up at Real Money. The details are at the subscription only site, but here are...
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