Mark-to-market. It’s the idea of valuing something at what you could sell it for today, rather than creating a model of its expected cash flow and possible value in the future. In general, lately, you’ve heard banks trying to get away from it, and dismissing it as something that only the one ‘special’ intern kid [...]
Entries from June 22nd, 2009
From The “It Wouldn’t Surprise Me” Department
June 21st, 2009 · No Comments · links
From The Onion: US to trade gold reserves for cash through cash4gold.com. Brilliant satire, because it’s debatable how far-fetched the idea is:
Tags:
Tips Are For Waiters, Tweets Are For Rumors
June 20th, 2009 · 1 Comment · markets
Twitter, which is getting a crazy amount of buzz right now as the go-to place for capturing Iranian dissent (as well as Lindsay Lohan’s boobs and what Ashton Kutcher had for breakfast) is also getting quite a reputation for breaking market news as, or before, it happens. There are some sites that specialize in aggregating [...]
Tags:
For Those Who Need Their Outrage
June 19th, 2009 · 3 Comments · all ur bankz, fail
Breaking, shocking news: sometimes executives use corporate jets for personal use. Even more earth-shattering: some of those executives work for bailed-out banks! Oh noes! Cue the populist outrage! How was this top-secret information ferreted out? The WSJ, which is supposed to have everyone’s back and just be cool about stuff like this, started doing some [...]
Tags:
Scrushy? No, Screw YOU!
June 18th, 2009 · No Comments · win
It is entirely possible that Earl was right, that there is such a thing as karma. If there is, it can be said to work only on its own schedule and no one else’s. But hey, six years later is better than never. At the time of HealthSouth’s epic failing, it seemed relatively minor. Those [...]
Tags:
