AIG

Dodd-Watch: Peter Schiff Needs to Commit for CT's Sake

[vodpod id=Groupvideo.2723133&w=425&h=350&fv=autoplay%3Dfalse] Gail Collins wrote a balanced watered-down Op-Ed in the New York Times yesterday about how busy Connecticut Senator Chris Dodd‘s been over the last year, sponsoring basically every bill that comes before the Senate.  Yes, you always want to look busy in the workplace to cover up ineptitude. Collins works in Dodd’s incredibly…

The Shareholder Bill of Rights: Better Late than Never

I’ll start off here with a caveat…I know that Chuck Schumer is pushing this bill because of the populist impression it gives, keeping in mind that some of his biggest fundraisers over the years have been pro-corporate entrenchment and traditional Wall Street interests.  I also know that this is the type of after-the-fall legislation that…

Hot Links: Ratings Agencies, Europeans and the Power of "No"

Hot Links for Weekend Reading… OMG you guys, I love it when you hear that famous people are friends, I like to come up with my own combinations and pretend they hang out…like Kevin James and Phillip Seymour Hoffman…ok, sorry…so Bill Gates and Warren Buffett and Oprah and Ted Turner and Mike Bloomberg and all…

Get To Know The Aleph Blog's John Davidson Saga

I just concluded a marathon session of catch-up reading on several blogs, but one particular post stopped me dead in my tracks. The Aleph Blog’s David Merkel concluded his John Davidson series with a bang this week and if you haven’t been exposed to this fantastic insurance company allegory, I strongly recommend you set aside…

Hot Links: Poor Celebs, Spitzer, Analysts in Love & Holy Trading

Hot Links for Weekend Reading Let’s kick things off with Stockwire’s list of Celebrities who are poorer than you, including Gary Coleman and Kim Basinger. Next up, here’s the story of an analyst who fell in love with the CEO of a company she covered and what FINRA decided to do about it…Bill Singer’s BrokeAndBroker.com…

The Two Most Important Points From Today's Goldman Call

Goldman Sachs held an earnings conference call early this morning which was live-blogged by the New York Times‘ columnist Floyd Norris.  Good, ’cause I had some Cookie Crisp cereal to eat right around that time.  Congrat’s on your $5 billion capital raise, but I gots to feed the machine. There were two notable things on…

Fun With Analogies: Spring 2009

First let’s practice: Meow is to ___ as woof is to ___.  The answer? Meow is to cat as woof is to dog. OK, are you ready to continue?  Great! ______________________________________________________________ Maxine Waters is to Finance as Lindsay Lohan is to Sobriety Charlie Gasparino is to CNBC as Dr House is to Fox Andrew Cuomo…

The Goldman Sachs Backlash is Picking Up Steam

  Goldman Sachs (GS) has been able to stay above the fray more than most of its (former) competitors over the last 6 months.  Its share price has stayed above single digit-ville and Buffett‘s investment in the company was seen by many as the Omaha Good Housekeeping Seal of Approval.  Now that AIG has been incinerated…

A Day in the Life: Hank Greenberg

A Day in the Life of Maurice “Hank” Greenberg 7:00 am:  Wake up.  CD alarm clock plays “It’s All Over Now” by The Rolling Stones. 7:05 am:  Mutters “wasn’t my fault” on the way into the shower. 7:30 am:  Breakfast, includes 2 egg whites, one half grapefruit, one heaping bowl of Gorilla Munch cereal (from…

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…