GMAC | Wall Street Folly

Social Security payouts will be more than inflows THIS year, not in 2016 as CBO had predicted; Merkel’s terms for Greece aid are out; Dubai offers Dubai World $9.5B new funding; UBS director arrested for insider trading; Another nabbed in UK insider trading ring; B of A’s new mortgage foregiveness plan; Wells Fargo buying GMAC factoring; Bernie Madoff associate Bonventre indicted; USPS closer to eliminating Saturday mail delivery; Tiger Woods will face media questions on April 5

Posted by WSF On March - 25 - 2010

Social Security to See Payout Exceed Pay-In This Year
Merkel Sets Greek Terms, Calls IMF-EU Aid Last Resort
ECB Offers Olive Branch to Greece
Dubai Offers Dubai World $9.5 Billion in New Funds
UBS Director Poteroba Is Arrested for Insider Trading
Seventh Person Arrested in U.K. Insider Trading Probe
Bank of America to Reduce Mortgage Balances
Wells Fargo to Buy GMAC Assets Read the rest of this entry »

Tags: Bank of America, Bernie Madoff, CBO, Dubai, Dubai World, ECB, GMAC, Greece, Insider Trading, mortgages, Social Security, Sovereign wealth funds, Tiger Woods, UBS, US Postal Service, Wells Fargo

WSF

JP Morgan, others taking advantage of Stimulus package tax refund $; It took only 7 minutes after Obamacare became law for 13 states to sue; Jon Corzine returns to Wall Street with a new CEO gig at MF Global; ex-IBM Moffat waiving indictment in Galleon insider trading case; Most AIG top managers getting pay lifts; GMAC planning sale of factoring business?; Euro hits 10 month low; New Jersey cuts govt worker benefits

Posted by WSF On March - 24 - 2010

Tax-Break Battle Flares
States Sue to Block Health Law
Corzine to lead MF Global
Moffat to Waive Indictment in Galleon Case
AIG Increases Compensation for Most Top Managers Who Remained
GMAC Said to Plan Sale of U.S. Factoring Unit to Wells Fargo
Greece woes push euro to 10-month low
New Jersey Cuts Workers’ Benefits Read the rest of this entry »

Tags: AIG, Economic stimulus, Euro, Galleon, GMAC, Insider Trading, Jon Corzine, JP Morgan, Lawsuit, MF Global, Obamacare, Raj Rajaratnam, Revolving Door, tax refunds

WSF

GMAC looking to deTARP? Goldman, Citi said to have been hired; Obama caves and will appear on Fox News to appeal for Obamacare support; AIG takes down another $2.2B; B of A sued over Merrill loss claims; Madoff sons, brother want out of Trustee’s lawsuit; Mortgage demand tepid; Nobel winner Stiglitz says removing Fed stimulus may worsen housing crisis

Posted by WSF On March - 17 - 2010

GMAC Said to Hire Citigroup, Goldman Sachs for TARP Repayment
Obama to Appear on Fox News in Final Health-Care Push
SEC Didn’t Act on Lehman’s ‘Problematic’ Liquidity, Report Says
AIG Draws $2.2 Billion More From Treasury to Bolster Units
Bank of America Is Sued by ABP Over Merrill Lynch Loss Claims
Madoff relatives try to fend off lawsuits
US mortgage demand tepid even as loan rates sink
Stiglitz Says Fed Stimulus Withdrawal May Hurt U.S. Read the rest of this entry »

Tags: AIG, Bank of America, Barack Obama, Bernie Madoff, Citigroup, GMAC, Goldman Sachs, lawsuits, Merrill Lynch, Obamacare, Politics, TARP

AIG, Bank of America, Barack Obama, Bernie Madoff, Citigroup, Goldman Sachs

GMAC bailout criticized by TARP panel; Pandit tries to move focus to possible Citigroup profits ($20B?); Geithner sends a warning shot to EU over regulation; Carlos Slim edges out Gates on Forbes world’s richest list, Buffett is number 3;Guilty! Cazenove partner nailed on insider trading charges; Nomura’s former Lehman adoptees heading for the exits

Posted by WSF On March - 11 - 2010

TARP Panel Finds Fault With GMAC Bailouts
Citicorp eyes $20bn profit
Geithner warns of rift on EU regulation
Mexico’s Slim becomes ‘world’s richest’ person
Forbes: The World’s Billionaires
Court finds former partner of Cazenove guilty on five counts of insider dealing
Nomura Departures Rise as Former Lehman Bankers Leave Read the rest of this entry »

Tags: Bailouts, Bill Gates, Billionaires, Carlos Slim Helu, Cazenove, Citigroup, GMAC, Insider Trading, Lehman Brothers, Nomura, Revolving Door, TARP, U.S.. Treasury, UK, Vikram Pandit; Tim Geithner, Warren Buffett, Wealth

Bill Gates, Revolving Door, Tim Geithner, Warren Buffett

GMAC execs banking despite Ward of the State status; Banking regulation rules deal getting closer?; EU probing sovereign debt CDS trading; SCOTUS may give Ex-Enron CEO Jeff Skilling a break; Ruling says that Madoff Trustee doesn’t have to count faux profits in victim claims calculation; AIG shows you should avoid selling assets in a distressed market; Poll says Toyota took too long before responding (Duh); GM has their own recall

Posted by WSF On March - 2 - 2010

GMAC CEO Carpenter Gets Pay Package Rivaling That of Blankfein
Deal Near on Banking Rules
Dodd wants Democratic support for consumer-protection regulator at Fed
Sovereign CDS Trading to Be Probed by European Union
Justices Question Selection of Skilling Jury
Madoff Trustee May Disregard Fake Profit, Judge Says
For AIG Deal, It Paid to Wait
USA TODAY/Gallup poll: 55% say Toyota too slow to act
GM Recalls 1.3 Million Compact Cars for Power-Steering Issue Read the rest of this entry »

Tags: AIG, Autos, CDS, Enron, GM, GMAC, Jeff Skilling, Politics, SCOTUS, Sovereign debt, TARP, Toyota, Wards of the State

AIG, Autos

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 »

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

Kumar may sing for Feds against Raj Rajaratnam; AIG’s departing general counsel getting fat severance (we can hear the protest screams already); Madoff is back in prison after his high blood pressure treatment; Taxpayers now own a majority stake in GMAC; Fannie Mae / Freddie Mac cap lifts pissing off both sides of the aisle; More howls over UK bonus tax; Ex JP Morgan banker / embezzler, living in Buenos Aires and sponging off family, won’t defend himself vs JPM lawsuit

Posted by WSF On December - 31 - 2009

Ratting against Raj
AIG Said to Give Departing Lawyer $3.8 Million in Severance Pay
Madoff Returned From Hospital to Medium Security Cell
U.S. takes majority stake in GMAC, giving lender $3.8 billion more in aid
Freddie and Fannie cap lift draws anger
Bonus Tax May Drive Financial Firms Out of the U.K., BBA Says
Ex-Banker Arbizu Says He Won’t Respond to JPMorgan’s Lawsuit Read the rest of this entry »

Tags: AIG, Bailouts, Bernie Madoff, Fannie Mae / Freddie Mac, Galleon, GMAC, Hedge funds, Insider Trading, JP Morgan, lawsuits, Raj Rajaratnam, TARP

Bernie Madoff, Hedge funds, Insider Trading, JPM Chase, Politics

GMAC may be getting another $3M bailout package; WSJ Part 2: How the Feds snared Raj Rajaratnam; If you’re gonna die, can you please wait a few days until 2010?; The Fannie Mae / Freddie Mac folly continues; Lehman cash held hostage may soon be released; Cell phone hackings could be on the rise now that the code’s been cracked; RIP Tavern on the Green (which dies on New Year’s eve)

Posted by WSF On December - 30 - 2009

GMAC Said to Discuss U.S. Aid Package of $3 Billion or More
GMAC Set for Another Cash Infusion
Fund Chief Snared by Taps, Turncoats
Rich Cling to Life to Beat Tax Man
The Price for Fannie and Freddie Keeps Going Up
Lehman move releases $11bn Read the rest of this entry »

Tags: Bailouts, Cell Phones, Fannie Mae / Freddie Mac, Food, Galleon, GMAC, Lehman Brothers, Politics, Raj Rajaratnam, Restaurants, RIP, TARP, Taxes

Hedge funds, Politics, Taxes

Lehman is suing Barclays over windfall profit; FDIC getting buried under foreclosed real estate; Geithner getting heat over AIG payments; TARP can’t save all banks; You may have to repay some of that stimulus tax credit you may have received; Buffett’s latest 13F disclosures; Paul Allen has Lymphoma; Wachovia coluld lose Madoff claim; Ackman buys more McDonalds, GMAC CEO ousted

Posted by WSF On November - 17 - 2009

Lehman Sues Barclays Capital
America’s Newest Land Baron: FDIC
Geithner under fire over AIG payments
Audit Is Critical of N.Y. Fed in AIG Bailout
New York Fed under fire over crisis bank payments
TARP Can’t Save Some Banks
Millions may have to repay part of stimulus tax credit
Buffett’s Berkshire Discloses Exxon, Nestle Stakes
Microsoft Co-Founder Treated for Lymphoma Read the rest of this entry »

Tags: AIG, Barclays, Bernie Madoff, Bill Ackman, GMAC, Goldman Sachs, Hedge funds, Lehman Brothers, Paul Allen, TARP, Tim Geithner, Wachova, Warren Buffett

AIG, Barclays, Wachovia, Warren Buffett

More taxpayer $$ to get flushed? Seems like we’ll be paying off GMAC fines with the next round of bailout $$$; Geithner thinks commercial real estate problems won’t tank economy; Compensation: Will UK bankers take hits vs those in U.S.? Stanford receiver identifies 1.5B; White House fights cash for clunkers criticisms; Moody’s mortgage bonds downgrades on the way?; CDR Financial Products execs charged with bid rigging

Posted by WSF On October - 30 - 2009

Regulator says GMAC must pay £10.5m for treating customers unfairly
Geithner: Economy Can Withstand Commercial Real-Estate Woes
Bankers fear transatlantic pay split
Stanford receiver pinpoints $1.5bn
White House fights back on Cash for Clunkers
Moody’s May Downgrade Mortgage Bonds With New Outlook
CDR Financial Products, 3 executives charged in bid-rigging case Read the rest of this entry »

Tags: Allen Stanford, Autos, bailout, Bonuses, Compensation, Fed, GMAC, Mortgage Bonds, Tim Geithner