GM | Wall Street Folly

Fed looking at Goldman’s Greece deals; Spain doesn’t want to be in Greece’s company; GMAC bankruptcy could have cost $50B per Treasury adviser; At least $2M pay deal for Harold Ford at Merrill, will it hurt his possible Gillibrand challenge?; Another Madoff big goes down; Steve Jobs rejects Apple dividend; GM looking at 2 Hummer offers

Posted by WSF On February - 26 - 2010

Fed Examines Swaps Deals by Goldman and Others
Goldman probed over crisis in Greece
Q&A: Goldman in line of fire
Spain battles to shore up plan’s credibility
GMAC Bankruptcy Would Have Cost Treasury $50 Billion
Merrill Lynch Guaranteed Ford Annual Pay of at Least $2 Million
Madoff Aide Bonventre Becomes Sixth Charged in Fraud Read the rest of this entry »

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Tags: Apple, Autos, Bankruptcy, Ben Bernanke, Bernie Madoff, Fed, GM, GMAC, Goldman Sachs, Greece, Politics, Sovereign debt, Spain, Steve Jobs, U.S.. Treasury

Autos, Ben Bernanke, Bernie Madoff, Fed, GM, Goldman Sachs

Geithner’s NY Fed told AIG to zip its lip on CDS payouts to banks; Possible carried interest tax on hedge funds, private equity firms back in lawmakers’ sights; Now deTARPED Citi faces lawsuits from ex-execs with frozen severance packages; Blankfein, Dimon won’t go to Basel; Kumar going to court today in Galleon insider trading case; Warren Buffett in antitrust hot water?; FDIC looking to tie insurance fees to risk of pay packages; State tax revenues drop to lowest since ‘63; GM CEO is predicting a 2010 profit!

Posted by WSF On January - 7 - 2010

Geithner’s New York Fed Told AIG to Limit Swaps Disclosure
Congress Has Hedge Funds, Buyout Firms in Tax Sights
Citi hit by legal action in bankers’ pay battle
Top banks invited to Basel risk talks
Kumar set to appear in court in Galleon case
Buffett’s Mars bar
FDIC Weighs Tying Fees to Banks’ Pay Read the rest of this entry »

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Tags: AIG, Antitrust, Carried Interest, FDIC, Galleon, GM, Healthcare, Hedge funds, Insider Trading, Jamie Dimon, Lloyd Blankfein, NY Fed, Raj Rajaratnam, Taxes, Tim Geithner, Warren Buffett

AIG, Citigroup, Compensation, Fees, GM, Goldman Sachs, Hedge funds, Insider Trading, Jamie Dimon, Lawsuit, Lloyd Blankfein

Goldman Sachs bonuses now said to be coming under assault from large shareholders; SEC must fix the way it chooses who to investigate; Former Pequot guy told his therapist he was fired after he stopped providing tips to Samberg; Tough day at the office for Geithner; Commodities on record pace for inflows; Senator Giuliani?; Oprah waving goodbye to network tv in ‘11; Zucker on Leno move

Posted by WSF On November - 20 - 2009

Goldman Holders Miffed at Bonuses
SEC told to improve ways it chooses probe targets
Pequot Worker Told Therapist That Samberg Sought Tips
House Attacks Fed, Treasury
Commodities to Get Record $60 Billion, Barclays Says
Giuliani Said to Consider Run for U.S. Senate Over Governorship
Problem mortgages hit new high at 14 percent
GM Says Auto Sales Rate May Be 10.8 Million in Sign of Recovery
Zucker Says He Regrets Focus on Margins in Leno Shift
Winfrey’s long goodbye Read the rest of this entry »

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Tags: Art Samberg, Bonuses, Commodities, Compensation, GM, Goldman Sachs, Oprah, Pequot, Politics, Rudy Giuliani, SEC, Tim Geithner, U.S. Treasury

Autos, Bonuses, Compensation, GM, Goldman Sachs, Hedge funds, Politics

Will the Chinese government block the $GM deal to sell Hummer?

Posted by WSF On June - 5 - 2009

Could the recently announced agreement to sell Hummer to Sichuan Tengzhong already be in trouble? Chinese regulators may block the deal according to Bloomberg, recounting a report from Shanghai Securities News….. Read the rest of this entry »

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Tags: Asset Sale, Autos, Bankruptcy, China, GM, Hummer, Politics

Autos, Bankruptcy, China, GM, Politics, WSF

Charlie Rose: Conversation with super lawyer David Boies

Posted by WSF On June - 4 - 2009

Last night super lawyer David Boies talked to Charlie Rose. While he came on the show to discuss Proposition 8, at around the 12:46 mark the discussion veered to economics where he had some interesting remarks. They talked about AIG, which he thinks is just going to “dribble away” with not enough money for even the government to get fully repaid. And of the Chrysler secured lenders, he thinks they’re getting screwed.

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Tags: AIG, Charlie Rose, Chrysler, David Boies, GM, Legal

AIG, Charlie Rose, Chrysler, GM, Legal, Videos, WSF

Barclays expects hedge funds to increase assets by $50B in ‘09; Meet $GM bankruptcy judge Robert Gerber; SEC probing their own staffers; Citigroup and Merrill beefing up their prime brokers

Posted by WSF On June - 2 - 2009

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Tags: Bank of America, Bankruptcy, Barclays, Citigroup, GM, Hedge funds, Merrill Lynch, SEC

Bankruptcy, Citigroup, GM, Hedge funds, SEC, WSF

GM CDS settlement auction will happen in around a month; Ex-Deutsche Bank trader who lost over $1B last year said to be starting up hedge fund with $160M; The dangers of niche ETFs

Posted by WSF On June - 1 - 2009

GM CDS settlemt time!
Boaz Weinstein is back
Are nich ETFs dangerous?

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Tags: Autos, Bankruptcy, CDS, Deutsche Bank, ETFs, GM, Hedge funds

CDS, ETFs, GM, Hedge funds, WSF

So if the $GM and Chrysler restructurings don’t work, we know who they’re gonna blame

Posted by WSF On June - 1 - 2009

Future scape goat?: The New York Times focused on Brian Deese, a 31 year old who interrupted his Yale law school studies to work for Obama and who ultimately found himself on his auto task force. They say he’s “emerged as one of the most influential voices” behind Obama’s restructuring game plan. With a build up like that, we know who they’re gonna be point the finger at if it fails…..