Paul Volcker’s op-ed explaining the Volcker Rule.
Hedge Funds
Hot Links: Enjoy My Tax Dollars
Stuff I’m Reading… A quick note on the fate of the mega rich and the American Dream. (JoeFahmy) Did the 00’s Suck? (Rortybomb) Bess Levin outs herself in The New York Observer. Not just wickedly clever and cool, but adorable as well. (NYObserver) The hedge fund community distances itself from SAC, feverishly combing through phone…
Bill Singer on the Galleon Indictments
My pal Bill Singer of Brokeandbroker.com brings us up to speed on the massive hedge fund insider trading ring and the status of some of the players.
Greg Zuckerman on Paulson and the Gold Bubble Question
This morning I had the pleasure of attending a hedge fund industry event where the featured speaker was Gregory Zuckerman, the author of The Greatest Trade Ever. I was one of the few in the audience who had not yet read the book but a lot of what was discussed has already made it’s way into…
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…
Hot Links: In The Bunker
Stuff I’m Reading this Morning… The SEC hedge fund probe is going deeper. (DealBook) Classic Crudele: What Bernanke should answer for in his hearing today. (NYP) I’m making this one the post of the day: Carl Icahn talks activist investing with Robert Shiller‘s financial markets class at Yale. (Greenbackd) Get yourself up to speed and…
John Paulson Likes Gold…More Than a Friend
John Paulson of Paulson & Co, the legendary hedge fund manager who made tens of billions betting on the mortgage crisis between 2007 to 2009, likes gold. He really likes it. He likes gold more than a friend. To most market participants, this is not news, but here’s something you probably didn’t know: Paulson owns…
Ralph Cioffi Acquitted, World Breathes Collective Sigh of Relief
Nelson Mandela. Gerry Conlon. Rubin “Hurricane” Carter. Spiritual Leaders, Freedom Fighters and Saints Among Men – all falsely accused, wrongfully imprisoned and later exonerated as justice eventually prevailed. Today you can add Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin to that list, as the world collectively breathes a sigh of relief. Detaining…
Your Tax Dollars at Work: Dodd's 1100 Page Financial Reform Bill
A BILL To identify and address risks to the stability of the United States financial system through the establishment of the Agency for Financial Stability, to ensure the orderly resolution of failing complex financial institutions in order to minimize economic turmoil and protect the interest of taxpayers, to provide for effective bank supervision through…
Hot Links: The Creepiest Places on Earth
Stuff I’m Reading this Morning… Overseas markets sell off over US consumer confidence fears (they’re worried we’ll stop buying their crap). (Bloomberg) George Soros on the markets and which hard assets stocks he’s buying. (PragCap) Remember the DC Sniper? Sayonara motherf%$#er. (NYP) The Fly on CNBC‘s traffic…and his own. (iBankCoin) Todd Harrison talks about the…
