Top 10 ETFs They Haven't Created Yet

With over 400 Exchange Traded Funds (ETF’s) on the market right now and new ones being issued each week, it would seem that we could be reaching the point of ETF overload. That said, it would be tough to say that we have too many ETF’s until we get to the point that we start seeing products like the ones listed below…

Zombie Bank Showdown in the Met Life Building

Cue rolling tumbleweeds… Is the lobby of the Met Life Building (200 Park Avenue) big enough for two bank branches facing each other across a 20 foot hall?  Are New Yorkers so lazy that they literally need an ATM on both sides of the hall? Coming up from Grand Central every morning via the escalator…

The Lemonade Crisis (Explaining the Bailout to Children)

The Lemonade Crisis or How to Explain the Bailout to Children Cast: Jimmy, Jamie, Kenny, Stan, Dick, Chuck and Sandy as “The Lemonade Stand Kids” Easy Al and Ben as “The Grocers” Summer came early to Bankington Heights and the neighborhood kids were all excited for their vacation.  The previous summer, Jamie, Jimmy, Stan, Dick,…

Missing the Point on Peltz's Sale of Heinz Shares

In Barron’s writer Avi Salzman‘s recent Inside Scoop piece “Peltz Cuts Back on Ketchup Giant” there is a major missed opportunity to put the story into a broader context that is way more interesting than the article’s original premise. Writing about some recent sales of Heinz (HNZ) stock by Nelson Peltz of the Trian Companies,…

Girls of Ponzi 2009 Calendar

Girls of Ponzi 2009 Calendar Ruth Madoff January 2009 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Michelle Schrenker February 2009 Sunday Monday Tuesday Wednesday…

This Just In: Art Nadel, Where Art Thou? (updated)

My, my, my…and I thought that all of these billionaire “money managers” actually earned the money they were wiping themselves with. CNBC just posted an alert that Art Nadel of Sarasota, Florida-based Valhalla Management is missing, according to his wife, who is “cooperating” with authorities.

Hot Links

Hot Links Weekend Reading: The always erudite Equity Private wrote two great posts this week on Dealbreaker.  The first was a satirical how-to guide to escaping capture after a “Massive Financial Fraud“.  The advice includes “Don’t Watch CSI” and “Have a Plausible Explanation for Why Your Body isn’t Found”. He also wrote a timely and…

Keep Your Filthy Hands Off My Clients' Money, D.C.

Oh Boy.  Talk about adding insult to injury.  The same Washington D.C. that brought us the TARP fund and all the lackadaisical oversight that came with it now has a new way of raising the money to pay for it. It seems there is an academic named Dean Baker, who would like to add a…

The Quesadilla That Changed My Mind About The Bailout

I kid you not, readers, he literally uttered the word “Citigroup” and his quesadilla was packed in a bag with plastic utensils and napkins, and he was out the door. No one asked him for ID or made a note anywhere of what he was eating that day. He just said “Citigroup” and bounced. I was on line to pay behind him with my own chicken quesadilla and a bottle of Diet Pepsi…cost to me as a non-Citigroup employee: $9.85 plus tax.