Joseph Cassano: Peekaboo!

Peekaboo!   “It is hard for us, and without being flippant, to even see a scenario within any kind of realm of reason that would see us losing $1 in any of those transactions,” – Joseph Cassano, Head of AIG Financial Products, August 2007 This may be the most important and prescient quote you could…

A Footrace to Zero: Heelys vs Crocs!

[vodpod id=Groupvideo.2297214&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Oh boy, this is one ugly race, with the finish line possibly being bankruptcy for both participants.  I never owned a pair of either Heelys or Crocs and never will.  Its not that I don’t get sucked into fads every now and then (I rocked a yellow LIVESTRONG bracelet throughout most of 2003-2004)…

This is What Socialism Looks Like: Obama's Auto Speech

Below is a visual representation using the full text of President Obama‘s speech regarding General Motors and Chrysler yesterday.  The size of each word is dictated by the frequency with which it appears in the speech. I’m no bankruptcy expert, but friends of mine in the legal field are.  They believe that the notion of…

Mortgage Rates Gettin' Low, Low, Low…

The Notorious B.I.G. picked up this stat from last Friday:  The national average for a 30-Year Fixed Mortgage is now below 5% for the first time since the summer of 2003.  And your elected/ appointed officials down in D.C. want it even lower. My take is that they’ll succeed.  Meanwhile, if no one has a…

A Foreclosure Play in the Stock Market (LPS)

The following is not research or a stock recommendation and should be used for strictly informational purposes.  The opinions contained herein are the author’s only and should not be construed as an official recommendation from any party. Here’s an interesting story…so this company Lender Processing Services (LPS) probably could’ve been considered one of the most…

Goodbye Rick Wagoner…and Maybe GM

In the New York Times, Micheline Maynard wrote a pretty balanced account of how Rick Wagoner became CEO of General Motors (GM) to start with and why many of the problems facing the company were already in place before he took control about a decade ago. The article raises more questions than it actually answers….

TGIF: Mexico Edition

This is one of my favorite instrumental songs and because I’m in Mexico this week, I finally have an excuse to show off this kickass video from 1967. I’ll be back to my regular posting schedule next week, but for now, here is The Lonely Bull (El Toro Solo) by Herb Alpert & The Tijuana…

The Best of TRB: Deep Thoughts

Your favorite Wall Street blogger is getting some much needed fun and sun down in Cabo San Lucas this week, so here is a link list to some of my best posts from the last few months to tide you over until my return… Here is The Best of TRB: Deep Thoughts Kidz Korner: Bonuses…

The Best of TRB: Humor

Your favorite Wall Street blogger is getting some much needed fun and sun down in Cabo San Lucas this week, so here is a link list to some of my best posts from the last few months to tide you over until my return… Here is The Best of TRB: Humor Good Bank Bad Bank…

Life After Wall Street?

What becomes of the broken bankers when their services are no longer required?  Does a man still look for work on Wall Street when even the guy who fired him has been let go as well?  Is there any incentive to even want to put in a 15 hour day now that the entire compensation…