Subprime Writedown: Losses Per Employee
Here Is The City (London’s fastest growing financial website) put together a terrific chart: The Credit Crunch In Context. It shows...
CREDIT CRISIS: Scholes vs. Paulson
Myron Scholes, chairman of Platinum Grove Asset Management LP and 1997 winner of the Nobel Prize in economics, said the worst of the...
Video: David Einhorn, Greenlight Capital, William Ackman,...
Every now and again, CNBC puts on a superlative show. Friday morning’s Squawk Box was one of those times when they hit the...
Fannie Mae is Fantastic !
At lunch with a journo friend, the question arose as to whether or not yesterday’s front page NYT article on Fannie Mae (FNM) was...
Video: Bear Stearns Bailout “Worst Fed Mistake in a...
On Monday, I pointed to a WSJ article, regarding the Fed’s past head of monetary affairs comments on moves to prop up Bear...
Creating Fake Alpha
Saturday’s discussion about the UBS report, including the post on banker’s compensation, led to some intriguing email from...
Rhodes of Citigroup Says Credit Crisis `Half Way’ Over
click for video William Rhodes, vice chairman of Citigroup about the outlook for the U.S. economy and financial markets, trade policy and...
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...
Unrealized Level 3 Gains
If it weren’t for the large non- cash profits on "hard-to-value" holdings, Goldman Sachs (GS) wouldn’t have had...