Wall Street Journal

Changed My Mind, Now I Like Raj

The Wall Street Journal  had a huge story about Raj Rajnaratnam, the Galleon Fund insider trader, and while his actions were despicable, ya gotta love his sense of humor… From the WSJ via Dealbreaker: The hedge fund community has been (potentially) robbed of a tremendous human being: “At Galleon, Mr. Rajaratnam took his fondness for pranks and…

More Evidence That High CEO Pay Is Detrimental To Shareholders

I’m gonna keep harping on this issue until Say On Pay gets done for shareholders and apparently, so will Jason Zweig. If you’re not familiar with Zweig, he’s the Wall Street Journal‘s Intelligent Investor columnist and he’s doing phenomenal work in exposing the failure of corporate boards, directors and executives and said failure’s effects on…

Analysts Weigh in on Bank of America Following TARP Repayment Announcement

Matt Phillips over at WSJ MarketBeat just posted some analyst takeaways from Bank of America’s TARP repayment announcement. Here’s Goldman’s take (they are bullish on BAC): Goldman Sachs: “BAC’s share count is now “set” at around 10 billion shares which should have a positive impact on the market implied discount rate (which we estimate at…

Dubai Default: Let's Get Ready to Crumble

UPDATE HERE: DUBAI AS COMMERCIAL RE CANARY IN THE COAL MINE Dubai’s sovereign debt is the disaster du jour, Europe already took a 3% hit yesterday while we were ODing on tryptophan and cranberry relish.  We’re looking at a down 200+ open on the Dow as of this post (8am). I’m still getting acquainted with…