Joshua M Brown

The Big Con

There’s a scene in the movie Die Hard with a Vengeance where John McClane (Bruce Willis) finally catches on to the fact that the bomb-scare scavenger hunt he and the NYPD have been sent on is only a distraction, a ruse to cover up the real crime – a heist of the Federal Reserve‘s gold bullion…

Perspective

When a resolute young fellow steps up to the great bully, the world, and takes him boldly by the beard, he is often surprised to find it comes off in his hand, and that it was only tied on to scare away the timid adventurers. Ralph Waldo Emerson Thanks to all for the kind wishes…

Light Posting This Week

No I haven’t fled the country or forgotten how to be the wittiest financial blogger on earth… Rather, I’m pleased to announce that Mrs. TRB has given birth to a bouncing baby broker-in-training. Light posting this week, be back to full strength soon!

Introducing…The Man Behind Abnormal Returns

This is cool… One of the best finance blogs extant, Abnormal Returns, now has a face and a name to go along with the incredible and consistent posting record.  He’s finally come out from the shadows, and it’s about time! About Tadas Viskanta is the founder and sole editor of Abnormal Returns, one of the…

Get Your Official "Free Angelo" T Shirt

Be the first kid on your block to own the Official “Free Angelo” T Shirt and help support a great cause.  Because no one who helps orchestrate one of the largest financial catastrophes in US history should be abandoned in their time of need. The Official Angelo Mozilo T Shirt comes in all sizes and can also be…

Bankruptcy Bubble Bonanza in the Big Apple

The bankruptcy boom has kept New York law firms and restructuring shops humming throughout the downturn as companies and whole industries have fallen apart. From Crain’s New York: The 1,217 corporate bankruptcy filings in New York’s Southern District so far this year are nearly double the number filed in second-place Delaware over the same period,…

When Irish Debts are Piling

Somebody needs to get the Standard & Poors Monkey off of Ireland’s Back… The ratings agency just cut Ireland’s credit rating for the second time in 3 months (now down to AA).  The cost of the Emerald Isle’s banking disasters have S&P spooked and as a result, the credit default swaps that determine the cost…

OMG, I'm Filthy Rich! This Email Proves It!

Overnight, as visions of philly cheesesteak fairies danced in my head, an email came into my mailbox that has completely changed my life. As Forrest Gump said upon learning that he was rich, “Won’t have to worry about money anymore, so, ya know…one less thing.” From my inbox: You have been choosen by the U.N…

GM Super-Psyched for Reinvention

[vodpod id=Groupvideo.2687464&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] It’s only June 7th and already, I have my Atrocity of the Month post prepared. Someone tell me who in Crom’s name paid for this whitewash?  “We need to reinvent ourselves“?  Really?  Just a few months ago, the Rick Wagoner regime didn’t even consider bankruptcy an option, “it’s not even on the table,”…

The Reformed Broker Saves California

So the state of California has until the end of July to stave off bankruptcy.  They have a projected budget deficit of $24 billion! Governor Arnold Schwarzenegger, who ran for office with the intention of fixing the state’s fiscal woes, has presided over a 40% expansion of government spending.  Oopsies! At this juncture, Cali needs…