I got this little nugget from Big Brother The Office of Public Affairs in my inbox just now… U.S. Treasury Department Office of Public Affairs FOR IMMEDIATE RELEASE: December 23, 2009 CONTACT: Treasury Public Affairs (202) 622-2960 TREASURY RECEIVES $45 BILLION IN REPAYMENTS FROM WELLS FARGO AND CITIGROUP TARP Repayments Now Total $164 Billion WASHINGTON…
Citigroup
Hot Links: Tiger's 99 Problems
from We Love Data Vis Stuff I’m Reading this Morning… The gold correction that began last week seems to be continuing. (MarketBeat) Credit Suisse joins Morgan Stanley in predicting a sucky 2010 for stocks. (PragCap) An epic list of big commercial real estate projects that look to be the “next shoes to drop”. (ZeroHedge) Treasury…
Bank of America: "I Told Ya I Was Good For It"
What a way to make an exit! From DealBook: Bank of America said late Wednesday that it would repay its entire $45 billion in government bailout money before the end of the year…“We appreciate the critical role that the U.S. government played last fall in helping to stabilize financial markets, and we are pleased to…
Hot Links: Zhu Zhu Pets!
Stuff I’m Reading this Morning… Gold at a new high overnight, silver screaming, etc. (WSJ) Hedge Fund biggies like John Paulson and David Tepper snatching up Citigroup shares. (DealBook) Howard Lindzon on which companies are thriving in the New NASDAQ. (HowardLindzon) 10 Things Your Local News Won’t Tell You. (SmartMoney) Ritholtz and Kedrosky: Charting the…
Goldman Sachs is the Yankees, Citigroup is the Mets
There’s a delicious irony about New York baseball and New York banks that I think is worth discussing in light of the imminent Yankees World Series victory. As baseball fans throughout the nation piss and moan about the fact that the Yankees have the wealth of NY to draw upon when pricing tickets, broadcast rates and payroll…
Hot Links: The Ugliest Buildings in the World
Stuff I’m Reading this Morning… Market’s quiet ahead of earnings from Citigroup (pre-market) and Google (after the close). (Reuters) Bloomberg should’ve bought a blog network instead of BusinessWeek. (VixAndMore) Happy Dow 7537! Ya know, in real dollar terms. (ZeroHedge) What’s the investment climate like Down Under? My mate Trader Mark knows. (FundMyMutualFund) Wait til you…
Hot Links: NFL Injuries, Bill Miller's "Comeback" & the Second Depression
Hot Links for Morning Reading… Thanks to The Pragmatic Capitalist for taking on that Barron’s Bill Miller piece. You’re exactly right. (PragCap) The Thomas Palley Second Great Depression piece everyone will be talking about today. (FT) Big Story: How the online shopping monster can kill the recovery. (NYP) Fire sale at Blackstone: Up to 8…
Hot Links: Wild Street
Stuff I’m Reading this Morning… Andrew Ross Sorkin: We ♥ Mergers. (DealBook) Mr. Juggles translates Las Vegas Sands‘ conference call from corporatespeak to English. (LongOrShortCap) Guess which pro athlete just nudged himself over the billion dollar mark in terms of career earnings? (Forbes) Byron Wein’s making a comeback…sees the rally continuing. (Bloomberg) 50 Common Mistakes…
Ken Lewis: Should I Stay or Should I Go (reprise)
[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…
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…
