Who Are The 5 Largest Investment Banks in NY?
Back in 2004, the SEC passed the Bear Stearns exemption, which gave the 5 largest investment banks an exemption from net cap rules. The...
Magnetar Subprime CDOs
This chart, via Capital Markets, just speaks to me: > The role of Magnetar in the subprime CDO deals click for larger graphic
Pending home sales strong but not for long
March Pending Home Sales, which reflect the desire to take advantage of the April 30th expiration of the home buying tax credit, rose...
Goldman and “hope”
Steve Waldman was a software developer who became fascinated by finance and started writing about it. Now I’m a doctoral student in...
Mathematicians – Not Economists – Should Run the Fed
“A number of folks are expressing growing concern about potential overbuilding and worrisome speculation in the real estate markets,...
Look Out Below!
US Markets are giving up all of yesterdays gains at the open . . . DJIA 10991.91 159.92 -1.43% Nasdaq 2442.55 56.19 ...
China under pressure again as is Europe
After being closed Monday, the Shanghai index, responding to the PBOC’s step over the weekend to further tighten policy, fell 1.2%...