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…

More Hot Links: Tech Edition

More Hot Links for Weekend Reading The New York Times Media & Advertising section comes out blasting at the tech blogs that are eating into the Times’ audience.  They point out how often the big tech blogs like Gizmodo and TechCrunch run with false rumors either deliberately or because of sloppiness, such as the recent…

Schadenfreude Pick of the Week: Lawyer Layoffs in NYC

[vodpod id=Groupvideo.2681542&w=425&h=350&fv=] OK guys, here’s your Schadenfreude Pick of the Week… From the New York Times: Now Mr. Verrier, who had worked exclusively at the century-old firm since leaving Harvard Law School in 1982, sat in his office high above 44th Street and Avenue of the Americas, considering the e-mail message he was about to…

Hot Links: Black Swans, DJs, CEOs, Rogers and Kass

Hot Links for Weekend Reading Let’s kick it off with a Think Piece from Johnny Debacle of Long or Short Capital.  Johnny asks the question “Why be a JD (Juris Doctor) when you could be a DJ (Disc Jockey)?” I got two from The Business Insider this week…first, a slideshow of the Worst CEOs Ever,…