Investment Banking

The Return of the Why-P.O.

Why?  Because the capital markets will support it, that’s why. We’re starting to see something I had hoped would be further down the pike during this economic recovery cycle:  The Return of the Why-P.O. What in tarnation is a Why-P.O. you ask?  It’s an IPO so pointless for investors to be involved with that you…

Tax Evasion Central Cutting PaineWebber Brokers

How does a big Swiss bank built on stolen Nazi gold, hidden money from African and Middle Eastern despots and un-taxed lucre from wealthy Americans with cross-border connections react to yet another multi-billion dollar quarterly loss?  That’s easy!  It fires stockbrokers. From the Financial Times: 2,500 will go in wealth management Americas, the former PaineWebber…

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…