Tags: Bill Ackman, Hedge funds, Jim Chanos, Short sellers, Videos
Video: Jim Chanos adds his insights on short sellers to those of Bill Ackman
On April - 27 - 2010
Video: Excellent interview with Bill Ackman; He’s on team Goldman, and comes out in their defense
On April - 27 - 2010
Tags: Bill Ackman, Goldman Sachs, Hedge funds, Pershing Square, Videos
- Goldman Tops Forecast, With $3.46 Billion in Earnings
- Goldman Employees Rally Around Blankfein
- What the Committee Knew
- Goldman’s London Units Face Formal U.K. FSA Probe
- Financial News: FSA Goldman Probe May Spark Intl Crackdown
- Goldman Sachs CDO Lawsuit Split SEC Commissioners in 3-2 Vote
- The SEC’s Impeccable Timing
- AIG eyes action on Goldman over CDOs
- Goldman ‘Shenanigans’ to Be Barred by Bill, Dodd Says
- Kirk to Return Goldman Donations in Illinois Campaign Read the rest of this entry »
Tags: AIG, CDO, fraud, FSA, Goldman Sachs, Hedge funds, John Paulson, Lloyd Blankfein, Paulson & Co, Politics, SEC, Subprime mortgages, Witchhunts
Not everyone is thrilled with Goldman Sachs’ new HQ; Bad investments leave Goldman Real Estate fund with only $30M, down from $1.8B
On April - 16 - 2010
- Goldman Sachs’s New Palace Creates Princes, Serfs
- Goldman fund down to last $30m Read the rest of this entry »
Tags: Banking Culture, Goldman Sachs, Hedge funds, Real Estate
- Big Banks Mask Risk Levels
- Wall Street Bonus Tax Should Be Considered, Liu Says
- Los Angeles Faces Threat of Insolvency
- Hedge Funds Rose 2.7% in March, Strongest Month Since September
- Citi’s ex-grandees strain to keep cool
- Citigroup executives apologize for not averting financial crisis
- Judge Faults Prosecutors in ‘Squawk Box’ Case
- Tiger Woods Shoots His Best Masters First Round; Couples Leads Read the rest of this entry »
Tags: Accounting games, Bank of America, Bob Rubin, Bonuses, Chuck Prince, Citigroup, Compensation, Goldman Sachs, Golf, Hedge funds, JP Morgan, Los Angeles, Morgan Stanley, Municipal debt, Tiger Woods, Windowdressing
- Greek Record Debt Swaps May Force EU’s Hand in Aid ‘Poker Game’
- Greek banks seek more aid as savers withdraw €10bn deposits
- Greece Credit-Default Swaps Rise Above Iceland’s for First Time
- Premium for Greek debt reaches decade high
- High-Speed Traders Face Order Reporting Requirement From SEC
- Fed’s Bernanke: US Must Plan Now For Public Debt Cuts
- Hedge Fund Rules Are Fair to U.S., EU’s Barnier Tells Geithner
- Bernanke, Dudley Say Recovery Hasn’t Produced Major Job Gains
- Greenspan on Capitol Hot Seat
- Toyota exec: Time to hide troubles over
- Apple’s IPhone Software May Deliver Multitasking, Mobile Ads
Greek Record Debt Swaps May Force EU’s Hand in Aid ‘Poker Game’ – Bloomberg
Greece’s debt insurance costs surged to a record and bond yields jumped on concern the nation’s ability to borrow is becoming “untenable” and the European Union will be forced to lead a bailout.
The “poker game” between the EU and the market “suggests that we may be getting close to the point where the market asks to see the EU’s hand,” said Gary Jenkins, head of credit strategy at Evolution Securities Ltd. “If it is thought that the market price will prove untenable for Greece, then the probability of the market not funding Greece increases.”….
Greek banks seek more aid as savers withdraw €10bn deposits – Financial Times
Greece’s four biggest banks are seeking help from the government after savers took €10bn (£8.8bn) of deposits out of the nation’s financial system.
The flight of money from domestic deposits reflects growing anxiety among wealthy Greeks about keeping their assets in the country as its debt crisis has escalated…..
Greece Credit-Default Swaps Rise Above Iceland’s for First Time – Bloomberg
The cost of insuring against a default on Greek government bonds rose above that for Iceland for the first time, helping push indicators of corporate credit risk to the highest levels in as much as two weeks.
Credit-default swaps linked to Greek sovereign debt rose 32 basis points to a record 445.5 today, while Iceland traded at 402 basis points, according to CMA DataVision prices……
Premium for Greek debt reaches decade high – Financial Times
The premium investors are asking to buy Greek government bonds relative to the benchmark German equivalent reached its highest level since the country joined the euro in 2000, as fears around its debt crisis escalated and Greek bank shares plummeted.
Yields on Greek 10 year bonds rose 34 basis points to 7.508 per cent on Thursday, having closed yesterday at 7.16 per cent. The most recent high was in January after investors dumped Greece’s newly issued five-year euro-denominated bond, sending its 10-year benchmark bond yield up to 7.25 per cent……
High-Speed Traders Face Order Reporting Requirement From SEC – Bloomberg
The Securities and Exchange Commission may give some firms that engage in high-frequency stock trading identification codes to better track transactions accounting for more than 60 percent of U.S. volume.
SEC commissioners will vote April 14 on a proposal to require companies that exceed a volume threshold to report their executions to regulators, the agency said in a statement yesterday. Brokerages would have to maintain records on the orders, the SEC said…..
Fed’s Bernanke: US Must Plan Now For Public Debt Cuts – WSJ
The U.S. must start to prepare now for the challenges posed by an aging population with a credible plan to gradually reduce a soaring public debt, Federal Reserve Chairman Ben Bernanke said Wednesday.
Health spending is set to increase over the long term as the U.S. population grows older, posing challenges on the country’s already strained finances, the Fed chief warned.
“Unless we as a nation demonstrate a strong commitment to fiscal responsibility, in the longer run we will have neither financial stability nor healthy economic growth,” Bernanke said during a speech at a Dallas Chamber of Commerce event……
Hedge Fund Rules Are Fair to U.S., EU’s Barnier Tells Geithner – Bloomberg
Hedge-fund rules proposed by the European Union aren’t protectionist, the bloc’s financial services chief told U.S. Treasury Secretary Timothy F. Geithner.
Michel Barnier, the EU’s financial services commissioner, said the law wouldn’t shut out U.S. funds and managers from the 27-nation region, according to a copy of a letter to Geithner obtained by Bloomberg News. The Frenchman was responding to Geithner’s concerns that the proposals may harm American fund managers and cause a regulatory dispute…..
Bernanke, Dudley Say Recovery Hasn’t Produced Major Job Gains – Bloomberg
Federal Reserve Chairman Ben S. Bernanke and a top lieutenant said the U.S. economic rebound has yet to produce a significant recovery in jobs, signaling there’s no need yet to consider raising interest rates.
Bernanke, speaking to businesspeople in Dallas today, said the labor market contains “some of the toughest problems” for the economy and that he’s “particularly concerned” about the number of people out of work for at least six months. New York Fed President William Dudley said in a separate speech that “we are not getting the job gains we would like to get.”…..
Greenspan on Capitol Hot Seat – Wall Street Journal
Former Fed chief Alan Greenspan faced some of the toughest questioning yet about his role in the financial crisis at a hearing Wednesday marked by tense exchanges with a longtime foe.
Later in the day, members of the congressionally chartered Financial Crisis Inquiry Commission also ripped Citigroup Inc. executives for their role in the subprime meltdown, where Citigroup was a major casualty. The commission is holding three days of hearings on the evolution of the subprime market……
Toyota exec: Time to hide troubles over – Detroit Free Press
Toyota’s top U.S. public relations executive warned in January that the automaker needed to “come clean” about sticking accelerator pedals that could trigger sudden acceleration, and that the company “was not protecting our customers by keeping this quiet.”
The e-mail from Irv Miller came five days before Toyota launched a recall of 2.3 million vehicles in the U.S. to fix gas pedals. The Obama administration said earlier this week that Toyota hid the problem from U.S. auto safety officials for at least four months and slapped Toyota with a $16.4-million fine, the largest ever for a vehicle defect…..
Apple’s IPhone Software May Deliver Multitasking, Mobile Ads – Bloomberg
Apple Inc. is readying a new version of its iPhone software that analysts predict will add support for multitasking and advertising, features that escalate its competition with Google Inc. for mobile users and developers.
Apple said it will hold an event today to give a “sneak peek into the future” of the iPhone operating system — software that third-party developers have used to create 150,000 applications for the iPhone, iPod Touch and new iPad tablet…..
Tags: Apple, Autos, Banks, Ben Bernanke, CDS, Economy, Email, European Union, Fed, Greece, Hedge funds, High speed trading, Iceland, iPad, iPhone, SEC, Smoking guns, Sovereign debt, Tim Geithner, Toyota, U.S.. Treasury
- Buffett’s Berkshire is best-regarded U.S. company
- US banks in $2.5bn ‘Christmas capital’ gain
- Federal Prosecutors Leaning Against Charges in AIG Probe
- Wilbur Ross backing Virgin Money in RBS branch bid
- Macro hedge funds fail to profit from crisis
- Madoff investors may not see cash from brokerage sale Read the rest of this entry »
Tags: AIG, Apple, Banks, Berkshire Hathaway, Bernie Madoff, Citigroup, Fannie Mae / Freddie Mac, Goldman Sachs, Hedge funds, iPad, Warren Buffett, Wilbur Ross
- Trader’s ‘Nice Little Kiss’ Tests Reach of Regulators
- 3 sue Bank of America alleging discrimination
- Stanford asks for new team to defend him
- Obama to Announce Expanded Offshore Oil Drilling Plan
- Home prices inch up, but analysts fear rebound is fading
- Schottenfeld Pays $1.2 Million to End SEC Insider-Trading Suit
- BofA Hires Staff, Leans on Merrill Lynch to Expand Outside U.S. Read the rest of this entry »
Tags: Allen Stanford, CDS, Deutsche Bank, Discrimination, Galleon, Hedge funds, Lawsuit, Merrill Lynch, Millennium Partner, Oil drilling, Raj Rajaratnam, SEC
At $32B and counting is John Paulson’s fund getting just too big?; Deutsche bank adding to Asia hedge fund support
On March - 29 - 2010
- Paulson’s $32 Billion Funds Prompt Too-Big-to-Succeed Concerns
- Deutsche Bank to Add Staff Targeting New Hedge Funds in Asia Read the rest of this entry »
Tags: Deutsche Bank, Hedge funds, John Paulson, Paulson & Co, Revolving Door
Have they learned nothing? Cov-lite loans said to be making a comeback; Max Holmes’ Plainfield said to be liquidating so that he can start over (get that fee machine back up and running!)
On March - 26 - 2010
- Cov-Lite Loans Make a Return
- Pasture land for Plainfield Read the rest of this entry »
Tags: Cov-lite loans, Fees, Hedge funds, History repeating itself, liquidations, Max Holmes, Plainfield
Legg Mason’s Bill Miller is having a pretty good year so far; Appaloosa short sales getting probed by SEC,
On March - 26 - 2010
- Miller Beats Miller as Legg Mason Opportunity Trounces Flagship
- Appaloosa’s Short Sales on Wells Fargo Face SEC Probe Read the rest of this entry »
Tags: Appaloosa, Bill Miller, David Tepper, Hedge funds, Legg Mason, SEC, Short selling
- White House Inflates success of Loan Program, Watchdog Says
- Dubai World creditors face nine-year wait for their cash
- Financier Is Pulled Back Into Focus
- Deutsche Bank, Moore Capital Workers Probed on Insider Trading
- Soros Buys $38 Million in Lehman Claims From Goldman Read the rest of this entry »
Tags: Barack Obama, Dubai World, George Soros, Hedge funds, Insider Trading, Lehman Brothers, Louis Bacon, Moore Capital, Mortgage loan modifications, mortgages, Politics, UK
- Elliott, Paulson Said to Discuss Investment in General Growth
- Return-hungry investors flock to M&A hedge funds
- Nomura Said to Hire About 10 RBS Analysts, Traders
- Tennenbaum Capital Said to Raise Money for Distressed-Debt Fund Read the rest of this entry »
Tags: Distressed debt, Elliott Associates, General Growth Properties, Hedge funds, Nomura, Paulson & Co, Pershing Square, RBS
Fuld to be on congressional hot seat; FT focuses on Goldman execs returns from fund investments; Carl Icahn feels misunderstood; High end repo guys banking from grabbing jets, yachts
On March - 22 - 2010
- Fuld faces Lehman repo quizzing
- Goldman executives benefit from fund investments
- Does Icahn Still Make Them Tremble?
- Cries of ‘Hey, That’s My Jet!’ Don’t Deter High-End Repo Men Read the rest of this entry »
Tags: Activists, Bankruptcy, Carl Icahn, Dick Fuld, Goldman Sachs, Hedge funds, Lehman Brothers, Repo Men, Wealth, Yachts
- Opinion: Inside the Pelosi Sausage Factory
- Fate of Volcker Rule May Hinge on Dodd’s ‘Shall’ Becoming ‘May’
- Obama Pays More Than Buffett as U.S. Risks AAA Rating
- Greece’s Woes Will Keep Euro Under Pressure
- Citi to Double Team Helping Institutional Hedge Fund Investment
- Tiger Woods Is ‘Nervous’ About Fan Reception for Masters Return Read the rest of this entry »
Tags: Barack Obama, Citigroup, Dirty politics, Fed, Financial reform; Warren Buffett, Golf, Greece, Hedge funds, Obamacaare, Politics, Sovereign debt; Euro, Tiger Woods
- Greenspan Concedes That the Fed Failed to Gauge the Bubble
- Rival warned regulators over Lehman
- JPMorgan also used accounting gimmick
- SEC welcomes Lehman report as ‘helpful’
- Lehman estate fight with Barclays escalates
- Speculators seen increasing Greek borrowing costs
- CFTC Gensler: Determined To Reform OTC Market
- Trichet backs tougher CDS regulation
- Palm Narrows Loss, but Phone Sales Drop Read the rest of this entry »
Tags: Accounting games, Alan Greenspan, Bankruptcy, CDS, Fed, Greece, Hedge funds, JP Morgan, Lehman Brothers, Merrill Lynch, Palm, SEC, Sovereign debt
- ‘Sinister’ German Plan Aimed at Funds, Analysts Say
- Lenny: error by bank
- Dodd’s Chief Counsel Bought Financial Stocks During 2008 Crisis Read the rest of this entry »
Tags: Christopher Dodd, Currencies, Germany, Hedge funds, JP Morgan, Lawsuit, Lenny Dykstra, speculators, Spies
- Lehman Whistle-Blower’s Fate: Fired
- Lehman Might Put All Bankruptcy Creditors in Same Payment Pool
- Former chief of Park Avenue Bank charged with TARP fraud
- Hedge Funds May Get $222 Billion Inflows in 2010, Survey Says
- Ex-Merrill Trader Is Banned for Mismarking Positions Read the rest of this entry »
Tags: Bankruptcy, fraud, Hedge funds, Indictments, Lehman Brothers, Merrill Lynch, whistle blowers
- Moody’s warns nations to cut spending or risk AAA ratings
- EU ministers discuss standby plans for Greece
- 6 key points of the financial regulation legislation
- EU Finance Ministers Fail to Reach Deal on Hedge-Fund Rules
- Toyota: Analysis Doesn’t Match Calif Prius Incident Read the rest of this entry »
Tags: Autos, EU, Financial Regulation, Greece, Hedge funds, Politics, recalls, Sovereign debt, Toyota
- Moody’s Warning Weighs on Futures
- Goldman Sachs Demands Derivatives Collateral It Won’t Dish Out
- Sen. Dodd to introduce plan to overhaul financial regulatory system
- AIG Said to Cut Bonuses by $21 Million to Meet Feinberg Mandate
- UBS Sees Turnaround in 2010
- Tests fail to duplicate acceleration problem in Prius Read the rest of this entry »
Tags: AAA, AIG, CDS, Financial Overhaul, Goldman Sachs, Hedge funds, JP Morgan, Moody's, Politics, rating agencies, Sovereign debt, UBS
- Report Details How Lehman Hid Its Woes as It Collapsed
- British law firm cleared way for Lehman cover-up
- Lehman report lays wide blame for failure
- EU rebuff for Geithner over rules on hedge funds
- Obama Plans to Tap Yellen for Fed Vice Chairman
- AIG Said to Query Bonus Holdouts on Pay in Push for Concessions
- Reports: Tiger Woods likely to return from hiatus at Masters Read the rest of this entry »
Tags: AIG, Barack Obama, Bonuses, Compensation, Dick Fuld, Erin Callan, Examiner reports, Golf, Hedge funds, implosions, Lehman Brothers, Politics, Sports, Tiger Woods, Tim Geithner
- More Wore Wires in Bid to Investigate Inside Trades in Galleon Case
- Swaps Come Under Fire
- Barclays on the Hunt for a U.S. Retail Bank
- Dubai Made Progress in Debt Talks, U.K. Minister Says
- Internet hustlers go after Madoff victims
- Obama’s Health-Care Push Gets Challenge From Business Coalition
- SEC Economist Leaving Amid Short-Sale Rules Conflict Read the rest of this entry »
Tags: Barack Obama, Barclays, Bernie Madoff, CDS, Citigroup, Dubai World, Galleon, Google, Hedge funds, Insider Trading, Obamacare, Politics, Raj Rajaratnam, SEC, Short selling
- Funds’ role in Greek drama examined
- Papandreou and Merkel meet today over Greek debt
- Greek Protests Mount as Parliament Passes Budget Cuts
- Fannie, Freddie May Ask Banks to Eat $21 Billion of Sour Loans
- Fed’s TALF Winds Down With Most Loan Requests in Six Months
- Toyota Gets Verifiable Info On Woes In Recall-Fixed Vehicles Read the rest of this entry »
Tags: Autos, Fannie Mae / Freddie Mac, Greece, Hedge funds, Lehman Brothers, recalls, Toyota
- Rangel Loses Support In House
- U.S. Said to Tell Hedge Funds to Save Euro Records
- Fed’s Fisher Calls for Accord to Break Up Big Financial Firms
- AIG’s Top-Earning Executives May Get Bigger Salaries
- Indicted Blagojevich Lectures on Government Ethics
- Kissel Said Indicted for Murder in Husband’s Death Read the rest of this entry »
Tags: AIG, Charlie Rangel, Ethically challenged politicians, Euro, Fed, Hedge funds, Rod Blagojevich, Too big to fail
John Paulson (and a few other hedge funds) said to have banked on the Greek debt mess; Will SCOTUS help Ex-Enron CEO Jeff Skilling score a new trial?; AIG makes a $35.5B sale!
On March - 1 - 2010
- Hedge funds prosper from buying Greek debt
- Greeks braced for fresh austerity measures
- Toyota Chief Apologizes to China
- Former Enron CEO could see new trial
- AIG: Prudential Plc Agrees to buy AIA for $35.5 Billion Read the rest of this entry »
Tags: AIG, Enron, Greece, Hedge funds, Jeff Skilling, John Paulson, Paulson & Co, SCOTUS
