More Hot Links for Weekend Reading… Legendary Las Vegas impresario Bob Stupak has passed. (WSJ) Is NBC really a core business for GE or is it, in fact, up for sale, along with CNBC? (ZeroHedge) Cool: The legendary trading culture of Susquehanna International. (InfectiousGreed) A behind the scenes look at Andrew Cuomo, the New York…
Moody's to Introduce New Spokesmoose to Repair Image
If anyone has a public relations problem, it’s Moody’s (MCO), once a well-respected bond ratings service, now DC’s favorite whipping boy for its role in the credit meltdown. Between Buffett‘s dumping of the company’s stock and Greenlight’s David Einhorn pitching it as an investment short, management at Moody’s has decided to play a little offense….
Private Sector Cutting Debt…Uncle Sam? Not So Much.
Floyd Norris shows us this morning that while virtually every facet of the private sector in America has been scaling back on debt, the Federal Government has rushed headlong into the breach to fill that void. From the New York Times: Rather than crowding out the private sector, Uncle Sam is now standing in for…
Hot Links: Warren G, Bill Clinton & the Facebook IPO
Hot Links for Weekend Reading… What agreements and tangible progress came out of the G-20? More than you think. (DealBook) News to me! Those who are dying to get in on the Facebook IPO have an extremely early and expensive option. (Clusterstock) Talking capitalism and entrepreneurship with Bill Clinton and friends. (Forbes) Gangsta Rap legend…
You Heard the Man…It's Over! Go Back to Work!
Source: Cagle.com
Merrill Lynch, Apparently, Committed Suicide
Thanks to my pal The Epicurean Dealmaker‘s incredible Supermassive Black Hole post, I learned a great deal more about why some investment banks survived the credit meltdown and others didn’t. My key takeaway from this must-read piece is that Merrill Lynch had a Death Wish. See that crazy-ass blue line really going for it through…
Hot Links: McDonaldland
Stuff I’m Reading this Morning… A Fed official talks about the potential for aggressive interest rates hikes when necessary. (Bloomberg) Trader Mark on the Julian Robertson Armageddon interview. (FundMyMutualFund) Yes, Twitter is worth 74 kajillion dollars, haters. (NYP) Rumors of a Blackstone LBO for Sea World. Somebody warn Shamu! (LOLFed) Jesse is still agnostic on…
Required Viewing for Newly-Bonused Goldman Employees
[vodpod id=Groupvideo.3484400&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] So Goldman Sachs is sitting on a $16 billion bonus pool, which CEO Lloyd Blankfein is hesitant to dole out to employees amidst the possibility of populist furor in this wonderful economy of ours. My advice to Lloyd is to make the above clip from Goodfellas required viewing for the troops upon receipt of…
Visual Economics: 3 Advantages of a Roth IRA Conversion
Click Image to Embiggen! Source: 3 Advantages of a Roth IRA Conversion Read Also: New Roth IRA Rules (TRB) Full Disclosure: Nothing on this site should be construed as either investment or tax advice. Please see my Terms & Conditions page for a full disclaimer.
Who Are The Biggest Chefs In The Business World?
Anecdotally speaking, I’m told that the restaurant business is the most difficult business on earth (in terms of the success to failure rate). I’ve also heard that the average Saturday night dinner service in NYC is as hectic and stressful as a full week of work for everyone else. I’m a stockbroker, so of course…
