Oooh, Superfly You’re gonna make your fortune by and by But if you lose, don’t ask no questions why The only game you know is Do or Die -from Superfly by Curtis Mayfield I got a call the other day from a friend of mine looking to buy shares of bankrupt Lehman Brothers, which…
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Tomorrow's Business Headlines?
I’m not saying these hypothetical headlines are likely, but I also wouldn’t fall out of my chair if one of ’em popped up in some variation or another. “JPMorgan’s Dimon Jealous Of AIG And Citi, Wants Back In To The TARP” “Four Hundred Percent Of All Homeowners Underwater On Two Hundred Fifty Percent Of Their…
Giving Cramer Credit For His Citigroup Call
I know, I know…Cramer‘s picks underperform the market and Cramer’s hedge fund performance performance was all from IPO’s and Cramer makes out with Lenny Dykstra and blah blah blah. I don’t have time to do a whole Defending Cramer piece right now and I’m not interested in having this post turned into a warzone for…
FDIC IOU's? Not Quite Yet…
If you lost track of what’s happening with the FDIC, one of the few competent bank-related regulatory institutions we have left, they’ve overseen the failure of about 84 banks so far in 2009. The FDIC had a fund to insure these banks’ depositors of about $53 billion a year ago, which had dropped to only…
The Yuppie Bounce
Go try to find an interview with virtually any sell-side analyst or money manager either in print or on financial television from this past February. Most told you to be completely out of stocks, understandably. The ones who did have the courage lack of choice and had to be recommending stocks in the media were…
Obama's Ted Kennedy Eulogy
Full Transcript: President Obama’s Senator Kennedy Eulogy (TPM) Props to Wordle
Wall Street's Recovery vs Main Street's
via TIME
Roundtrip: Housing's Back to Square One
Was it fun for you? It’s been an amazing 8 year period for housing. Floyd Norris shows us how eerily similar the rise and fall of home prices and inflation have been: From the New York Times: During the period, the Standard & Poor’s Case-Shiller 20-city composite index of home prices rose almost 21 percent….
Tired Business Cliche List
CNBC‘s Power Lunch asked viewers to email them with the business cliche that is the most annoying to them. I’m not a joiner, so I didn’t email them. Thought I’d share them right here instead. Feel free to comment if I missed any. 1. “At the end of the day…” 2. “Outside the Box” 3. …
A Metaphor for Being Short AIG
This is what it must feel like to have been short AIG this month… [vodpod id=Groupvideo.3212572&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] X X X Full Disclosure: I have no positions, long or short, in shares of AIG for client or personal accounts. Nothing on this site should be construed as advice or an invitation to buy or sell any securities,…
