[youtube=http://www.youtube.com/watch?v=bYxkvAwIjzQ] With trouble coming from both the SEC and the NY Attorney General over the Merrill Lynch acquisition, Ken Lewis is faced with a big decision – should he stay or should he go as CEO of Bank of America? With apologies to the late Joe Strummer, here’s Kenny doing his rendition of The Clash‘s…
Uncategorized
Guess Who's Back!
Read Also: Money Never Sleeps Caption Contest (Dealbreaker) Blue Horseshoe Worries About the Wall Street Sequel (TRB) Gordon Gekko Released from Prison (DailyMail) Charlie Sheen Cameo Confirmed for Wall Street Sequel (ComedyCentralUK)
Don Dion's 10 Most Dangerous ETF List
If you haven’t already, run on over to TheStreet.com to read Don Dion‘s first installment of the 10 Most Dangerous ETFs list. In light of the over-abundance of these products and the fact that many of them have not raised nearly enough assets to justify their existence, now is a great time to bone up…
Guy Hands Comes Clean on Private Equity
I found this take on the private equity industry from one of its more well-known insiders to be refreshing in its honesty. Guy Hands is a “name brand” PE executive from London who made a very bad deal at the peak of the market. In his discussion with Andrew Ross Sorkin, he comes clean about…
The Incredible Shrinking Finance Sector
This is very cool. The New York Times put up a moving infographic that shows the progression of the 29 largest financial firms and how they first shrank since 2007 and then began to grow again. The graph above shows them from the starting point at the market’s peak in October 2007. The one below…
Waiting For The Pullback?
Yes, The Reformed Broker can also draw…a Triple Threat!
Of Convictions and Assumptions
With stocks, bonds and commodities on a too-good-to-be-true rampage since March, many market participants are struggling with the age old question of when to sell while their bearish counterparts are having a similar internecine conflict over when to throw in the towel and get long with the herd. I found a quote that I believe…
Dennis Kneale: A Cautionary Tale for the Mainstream Media
“Never pick a fight with someone who buys ink by the gigabyte.” -Joshua M Brown, September 2009 If you’re going to be on financial television, you’ve got to be one of two things: 1. An attractive, friendly personality with good interviewing skills or 2. Someone who has a good understanding of the issues and subject…
Can The Stock Market Save The Economy?
A friend of mine, someone completely outside of the Wall Street world, asked me this question a few days ago and in addition to being at an utter loss for the answer, I thought it was one of the more interesting questions one could ask right now. My friend, we’ll call him Dirk (if only…
Flash Trading R.I.P.
Oh, and spare me the arguments about “liquidity”… I applaud Mary Shapiro and the SEC‘s decision to put an end to this practice. On a basic level, high frequency or flash trading was no different than the rounding error scheme from the film Office Space whereby fractions of pennies “that no one would miss” would be…
