Hey, someone listened to wizened old giant Paul Volcker, for the first time in years! Since the beginning of time, or 2009 (whichever came last), Volcker has been pushing to maybe start regulating the banking industry again in a manner of which Sens. Glass and Steagall might approve. It’s just that no one really listened [...]
Entries from January 22nd, 2010
Rejoice Chavs, Burberry Tops The FTSE Gainers
January 20th, 2010 · 1 Comment · markets
It might have been a down day for the most of the banks (they turned in a mixed bag of results in the US on a down day; Barclays, Lloyds and HSBC fell on the other side of the pond), but it was a good day for tartan: Leading the charge, however, was not Cadbury, [...]
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America’s Favorite Insider Trader Martha Stewart Hits The Pole
January 20th, 2010 · 1 Comment · links
Tired of hearing about bank earnings? Take a break from that to horrify yourself in a completely different way, as Martha Stewart shows off what she may well have learned in white-collar prison: Domestic diva Martha Stewart knows her way around the kitchen, and apparently she is no stranger to working a stripper pole either. The [...]
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Bank Earnings!
January 20th, 2010 · No Comments · all ur bankz
As I write this I’ve read $BAC and $WFC’s reports from this morning. Wells was all – SURPRISE, visible profits. So I’m gong to leave them alone for the moment. Bank of America – well, um, yeah. They posted a loss, and a wider than expected one at that. But it’s okay, because it gives me [...]
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Credit Bubbles: Not Just For America Anymore?
January 20th, 2010 · No Comments · all ur bankz
A lot of people like to think the US economy is a beautiful and unique snowflake. Granted, some of that “unique” juggernaut-ness comes in the form of massive amounts of leverage, government largesses and the ability to blow bubbles in financial markets, but there you have it. It turns out, though, China may be just like us. [...]
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