[youtube=http://www.youtube.com/watch?v=ZBR2G-iI3-I] The New York Post is reporting that Vikram Pandit, current CEO of Citigroup Inc. (C) will survive in his position if the bank gets nationalized. Below is Vikram Pandit’s rendition of Gloria Gaynor‘s “I Will Survive“: _____________________________________________________________________________________ At first I was afraid I was petrified Kept thinking they would never let Our credit…
Joshua M Brown
CEO-Swapping at UBS and Credit Sweeeeesse
Ah, Switzerland. The land of fine time pieces, exquisite chocolate and institutionalized tax evasion. There’s been a switcheroo as regulators on two continents engage in a light wrist-slapping at UBS over the bank’s role in the Madoff fraud and the let’s-arm-our-unregistered-advisors-with-encrypted-laptops-to-help-Americans-cheat-Uncle-Sam affair. Troubled UBS has brought on the architect of Credit Suisse‘s recent turnaround, Oscar…
Ben Shoval is Funny…I Can Prove It!
I know, I know…Finance Comedy is kind of a geeky sub-genre. You know what? I don’t care… I’m a finance geek and I like laughing. That said, let me introduce you to Ben Shoval, a hedge fund guy by day and stand up comic by night who is funny whether you work on The Street or…
Behold the Power of the 13D
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. –)* (Name of Issuer) …………………………………………………………………………………………………. (Title of Class of Securities) …………………………………………………………………………………………………. (CUSIP Number) …………………………………………………………………………………………………. (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) …………………………………………………………………………………………………. I plan to do a lot of posts…
This Just In: Obama and Geithner Cost Average Down in Citigroup Investment?
Hooray for Capitalism! Citi is about to join such illustrious government institutions as the DMV and the Postal Service! The feds are said to be in talks with Citigroup (C) about possibly owning up to a 40% stake in the Courtney Love of Money Center Banks at this late hour. All this while the world…
Whole Foods to Shorts: "Drop Dead"
I was in a Whole Foods store on Super Bowl Sunday earlier this month stocking up on microbrews (Dogfish Head Ale) and gourmet potato chips (North Fork). The place was packed, which was weird because half the other stores in the shopping center had “going out of business signs” in the windows. I didn’t think…
Hot Links: Berkshire, UBS and the Microsoft Store
Hot Links for Weekend Reading Warren Buffett has had a tough year so far and an especially tough week. The Bespoke Investment Group shows us the ugly year-to-date evidence. Berkshire Hathaway common stock was demolished during a week that saw many of Buffett’s largest stock holdings plummet, for example Wells Fargo and US Bancorp. On…
Items That Almost Made the Stimulus Bill
With almost a trillion dollars up for grabs, congressmen and women from every state took the opportunity to shove through some of their constituents’ pet projects they’ve been sitting on for years. Yes, the bill is pretty bloated, and many of the items have nothing to do with current economic stimulus. Unfortunately, there were some fairly…
Your Oil Stocks Aren't Coming Back, Chulo
Remember when Intel (INTC), Microsoft (MSFT), Dell (DELL), Lucent (ALU), Yahoo (YHOO) and Cisco (CSCO) ruled the markets? There was an era, roughly 1997 to 2000 when those stocks actually mattered. They were important companies doing big things in terms of providing the technology needed for the next century’s communications and internet build-out. And then,…
Retraining Investment Bankers in New York City
According to a story in the New York Times, Mayor Michael Bloomberg plans to stem the loss of talent and jobs from the ailing financial sector by retraining investment bankers, similar to what Detroit has done with it’s laid-off auto workers. With an expected 65,000 total jobs to be lost on Wall Street, will Bloomberg’s…
