The next sequel to Wall Street.
Madoff
Hot Links: Too Fat To Graduate
Stuff I’m Reading this Morning… Fed to Banks: Payback Time. (Bloomberg) The nominees for Fund Manager of the Decade. (FinancialAdvisor) Jeff Saut (Raymond James strategist) calls the bears a “Cacophany of Crybabies”. (Clusterstock) The seven best deals on cars this Black Friday. (CNNMoney) Horrid economy gives a boost to evangelists and religious cult of personalities. …
Hot Links: Faber on Cramer, Kwak on Dimon & My Parents Were Awesome
Hot Links for Weekend Reading… Note To Jamie Dimon: Repeating Something Doesn’t Make it True – Kwak dismantles Big Bank Benefit Op-Ed. (BaselineScenario) Corporate board rules under the new Dodd finance reform bill. Important read for investors. (TBP) Two Madoff IT geeks arrested. I say Hang ’em High, he couldn’t have done it without them. …
7 Terms That Should Never Be Used To Describe A Finance Pro
A successful career on Wall Street is as much about the failures as it is about the wins. Anyone who tells you differently is either hiding their past mistakes or is about to experience their own epic collapse, made even worse by the fact that it will be wholly unexpected to them. This is good…
Jeffry Picower, a Madoff Castmember, Found Dead
This development is sure to ignite a torrent of speculation and conspiracizing this week… From the New York Times: Jeffry M. Picower, a prominent philanthropist accused of reaping about $7 billion in profit from Bernard L. Madoff’s vast Ponzi scheme, was found dead on Sunday afternoon in a swimming pool at his mansion in Palm…
Hot Links: The Egg Monster
Stuff I’m Reading this Morning… BIG STORY: JPMorgan crushes their earnings by 31 cents. Look out! (Bloomberg) A philosophical take on whether or not banks are good for society. (NakedCapitalism) Vanguard did a study on how much bond funds could drop when interest rates get raised, the losses could be gigantic. (SeekingAlpha) Which Wall Street…
Hot Links: Madoff Madness & the King of the Pipelines
Hot Links for Weekend Reading… Trouble coming for the rest of the Madoffs, $199 million worth. (USAToday) Speaking of Madoff, here’s regulatory reform expert Bill Singer on the continuing deficiency of oversight. (BrokeAndBroker) All hail REX, the King of Pipelines – bringing stimulus to a town near you. (WSJ) NYU: “What Recession?” (NYP) The death…
Hot Links: Buffett vs HFT, Denninger vs Kneale, Iran vs Everyone
Stuff I’m Reading this Morning… Warren Buffett and Vanguard’s Jack Bogle come out against High Frequency Trading. (ZeroHedge) Consumers deleveraging big time. Not sure why this didn’t get more attention when announced yesterday, big story. (FTAlphaville) Iran is getting close to a big nuclear breakthrough…maybe Obama should have lunch with them or something, maybe a…
Hot Links: Monday Morning
Stuff I’m Reading this Morning… READ THIS FIRST: Marla Singer submitted this op-ed to the New York Times, which they probably will never run. (ZeroHedge) Americans are no longer the big spenders in this world. (SmartMoney) Fellow inmates say Bernie Madoff is dying of cancer in prison. (NYP) Steve Forbes has a new book out…
Hot Links: Buffett & The Bikers
Stuff I’m Reading this Morning… Whistleblower Harry Markopolos says Credit Default Swap fraud will top the Madoff ponzi. (Clusterstock) Warren Buffett‘s latest op-ed just went up, it’s called The Greenback Effect. (NYT) Don’t look up, private equity firms are about to drop some REIT IPO’s on us. Sold to you. (DealBook) Chinese pig farmers speculating…
