What is MSSB Worth?

“Morgan Stanley has agreed to buy the rest of its brokerage joint venture from Citigroup Inc over time at a price that values the business at $13.5 billion”

The Dick Bove Mea Culpa

Your average fundamental sell-side analyst has spent the year kneeling in the grass, gazing at ants through a magnifying glass while hurricanes, earthquakes and volcanic explosions raged all around him.

Break 'Em Up Now, We've Seen Enough

Fresh outrage this evening as Bob Ivry, Bradley Keoun and Phil Kuntz (tough name) break an incredible story about the secrets of the 2008 bailouts.  Banks fought to keep these details a secret, but Bloomberg Markets Magazine successfully sued for the truth. Here goes: The Federal Reserve and the big banks fought for more than…

Season of the Witch

Samhain was the original ancient name for Halloween…and as October 2011 begins, we find ourselves at the very nearest to the World of the Dead that we’ve been since the March 2009 lows.