2 weeks ago, we reiterated a previous Sell on Lehman Brothers (LEH). That worked out pretty well. Even with the Dow up 160 points today...
Read More
As investment banks look to raise new capital and calm the turbulent waves they’ve been riding, the recovery is far from soon, says...
Read More
In our prior post, I alluded to the failure of markets and mortgage origination. This requires additional discussion. When discussing...
Read More
Today we are going try something a little different. Rather then synthesize what’s in the news, flavored with my opinions, I am...
Read More
Today, there is a meeting at the NY Fed of 17 firms this afternoon to discuss changes in "Derivative Infrastructure" and Credit...
Read More
Note: This was written Sunday, and scheduled to post later this week — but given the Lehman news, its more timely this AM: >We...
Read More
We have a rugby scrum! ProBanks, ProLehman: Dick Fuld (Lehman CEO), Charlie Gasparino (CNBC), Doug Kass (Seabreeze Partners), Thomas...
Read More
Looks like trouble for the monline duolines. Barring any further capital raise means a AA rating is inevitable: The world’s largest...
Read More
Too little, way too late: "Under fire for the high ratings they awarded to subprime mortgage securities, three large credit rating...
Read More
