Dealbreaker

Who Really Gets Punished by a Wall Street Salary Cap?

Yesterday, the Obama administration announced that firms who are significant moochers of the TARP will have salary caps imposed on their executives of $500,000 per year.  While the effects will be deeply felt on Wall Street, let us not forget that many other individuals and businesses will also be devastated.  Below is a list of…

Hot Links: When Giants Clash

Hot Links for Weekend Reading Shedlock vs Schiff The big hullabaloo in Wall Street Blogland this week was the unsolicited Peter Schiff beatdown issued by Michael “Mish” Shedlock (Sitka Advisors) on his Global Economic Trend Analysis site.  Mish was sick of all the “Peter Schiff Was Right” promotional videos floating around and decided to call…

This Just In: Nadel Caught in Florida, AG Cuomo Investigating Thain Bonus

Today’s going to be a doozy… Art Nadel just surrendered to authorities in Tampa, Florida according to CNBC. New York Attorney General Andrew Cuomo has subpoenaed ex-Merrill Lynch CEO John Thain and one of his henchmen regarding the bonus snafu according to Dealbreaker. Kind of like the final scene of The Godfather when the family takes…

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…

Hot Links

Hot Links for Weekend Reading: Paul Kedrosky posts the 2008 words and phrases that should be banned from 2009 on Infectious Greed.  My fave’s for banning for this year are Staycation, Carbon Footprint and of course, Bailout. Over on Dealbreaker, Equity Private posted the Top 10 Reasons I Invested My Entire Fortune With Madoff.  Reason…