- Does it pay to beat a dead horse? If you’re one of the attorneys or accountants unwinding Lehman, it does, to the tune of $641 million. – Vampire squid is glad it has a lot of arms to open all that hate mail. – Paul Volcker stops worrying, admits he loves the Fed to [...]
Entries from March 17th, 2010
Perhaps Soon You Can Own A Canadian, After All
March 16th, 2010 · 9 Comments · breaking news
Sometimes I like to ask Google the profound questions in life, like “why”? And Google will try to predictively suss out where I’m going with my inquiry. Sometimes, mixed in with the inane, and the racist, you’ll find a total gem, like “Why can’t I own a Canadian?” I mean, I can think of a [...]
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Dodd Bill To Dimon: GTFO Of FRBNY! (Maybe.)
March 16th, 2010 · 3 Comments · regulatin
The FT would have us believe that the Dodd bill might actually oust some of the foxes from the henhouse. Salon dissects: Pack up your bags, Jamie Dimon. The CEO of JPMorgan Chase currently serves as a Class A director of the Federal Reserve Bank of New York, which is awfully convenient, considering that the [...]
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$GS Accused Of Something Obvious
March 16th, 2010 · 5 Comments · fail, goldman sachs
Brace yourselves: Goldman Sachs may have committed securities fraud! Or so says Delaware’s own Sen. Ted Kaufman, in a floor speech today. We know, the allegation that everyone’s favorite vampire squid may have been involved with certain activities that were not entirely on the up-and-up, for profits, is pretty farfetched. No one has been a [...]
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These Ratings Are Science Fiction…
March 16th, 2010 · No Comments · markets
…at least that’s our take on the news that Moody’s will be adding a “(sf)” indicator to all its structured finance ratings. It makes perfect sense when you think of the kind of scary sci-fi thrillers that could be made about the credit crash:
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