Stuff I’m Reading this Morning… Wow! A list of the most disgusting, pathetic people on earth! That’s right…it’s Fashion Meets Finance time once again! (Pocket Change) The article that helped ignite yesterday’s rally. (Bloomberg) The mall retailers attempt Christmas in July. (WSJ) Absurd lawsuit of the week: “The Kindle Ate My Homework”. (TechFlash) Remember dividends? …
Bonuses
The Shareholder Bill of Rights: Better Late than Never
I’ll start off here with a caveat…I know that Chuck Schumer is pushing this bill because of the populist impression it gives, keeping in mind that some of his biggest fundraisers over the years have been pro-corporate entrenchment and traditional Wall Street interests. I also know that this is the type of after-the-fall legislation that…
"Green Shoots" Are For Pandas
Lets put some overused terms out of their misery, a la “Hay is for Horses”: “Green Shoots” are for Panda Bears “Bailouts” are for Leaky Boats “Bonuses” are for Arcade Games “Treasury Departments” are for Countries That Actually Have Money “TARPs” are for Major League Baseball Rain Delays “Deflation” is for Pool Floats “Swaps” are…
My Two-Word Response to New York Mag's "The Rage of the Rich"
x My Two-Word Response to New York Magazine’s “The Rage of the Rich“? x x F@ck You. x x Read the full whining, whinging tragedy here: The Rage of the Rich (NYMag) Read Also: “But We Can’t Afford to Lose the Talent” and Other Bullsh*t
The Career Politician Who Sucks at Politics
I’ve really only heard Christopher Dodd‘s name peripherally over the years. The Career Democratic Senator from Connecticut’s name has been popping up more and more now that his constituents are starting to learn about how much he loves rogue financial corporations. From the New York Times: Across Connecticut, anger is erupting against Mr. Dodd, the…
The New Glossary of Finance Terms
The New Glossary of Finance Terms Bonus: A form of extortion whereby employees of a company extract either shareholder or taxpayer money for their own pleasure regardless of the success or failure of said company. Derivatives: Trading vehicles created by over-educated finance professionals for whom speculating in stocks and bonds was not quite risky or volatile enough. Bulge…
Kidz Korner: Where Do Bonuses Come From?
Kidz Korner is a new feature here on The Reformed Broker where I explain complex financial issues to kids from the neighborhood in a simple, straightforward way. _______________________________________________________________________________________ Little Timmy Johnson: Gee Mister, I sure do hear a lot on TV about all these bonuses people are getting…am I going to get one? The Reformed…
This Just In: Cuomo Wants AIG Names by 4PM
Headlines from Reuters: March 16 (Reuters) – New York Attorney General Andrew Cuomo issued a letter to American International Group Inc AIG Chief Executive Edward Liddy: * Cuomo threatens to subpoena American International Group Inc AIG over bonuses * Cuomo says has requested list of individuals who are to receive payments under retention plan, as…
