Wall Street Folly

“Obama doesn’t begrudge bonuses” to Lloyd and Jamie? Not so fast — he was taken out of context; Jeffrey Immelt has a different recollection of events than Hank Paulson; Milkshake murderess’ conviction overturned

Posted by WSF On February - 11 - 2010
  • Bloomberg Xs & O
  • Immelt Disagrees With Paulson’s Memory of September ’08 Talks
  • Kissel’s Murder Conviction Overturned by Hong Kong High Court Share Business Exchange Read the rest of this entry »

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Barack Obama, Bonuses, Compensation, Goldman Sachs, Henry Paulson, JPM, JPM Chase, Jamie Dimon, Lloyd Blankfein, Scandal

John Paulson Gold fund not so tempting to investors?; Hank Paulson urges bank restraint on pay; Temasek may be setting up a hedge fund; Guy hands says private equity will still be tough this year

Posted by WSF On February - 10 - 2010
  • Midas Touch Lost? Paulson Hits Hurdles in Gold Fund
  • Paulson, Once a Top Earner, Tells Buffett Bankers Make Too Much
  • Temasek May Set Up Hedge Fund, AsianInvestor Reports
  • Terra Firma’s Guy Hands Predicts Low Buyout Volumes This Year Read the rest of this entry »

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Bonuses, Compensation, Hedge funds, Henry Paulson, Paulson & Co, Private equity, Sovereign wealth funds

Hank Paulson: On the Brink; Hamptons home sales jump; Who owns the name iPad? Could it be Fujitsu?; iPad could take awhile to become a must-have product according to Piper Jaffray’s Gene Munster; The return of Enron, to the London stage, that is

Posted by WSF On January - 28 - 2010
  • Paulson, in Memoir, Defends Bailout
  • Hamptons New York Home Sales Climb 59% as Deal Seekers Buy
  • IPad? That’s So 2002, Fujitsu Says
  • Apple’s IPad May Take Year to Be Breakout Product, Munster Says
  • ‘Enron,’ Sizzling Staging of Downfall, Returns to London Stage Read the rest of this entry »

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WSF

Bernanke vote may happen Thursday; Break out the popcorn: Geithner and Paulson set to testify today on AIG; Nouriel Roubini still pessimistic, Rubenstein doesn’t agree; Barclays’ Diamond wants coordinated bank rules

Posted by WSF On January - 27 - 2010
  • Bernanke Gains Senate Backers as Reid Sets a Procedural Vote
  • US’ Geithner, NY Fed defend actions on AIG payments
  • Geithner, Paulson Head to Hill to Defend AIG Bailout
  • Roubini Pessimistic on Euro Area, Calls Spain a Risk
  • Carlyle’s Rubenstein Warns Against Roubini Pessimism in Davos
  • Barclays’s Diamond Calls for Coordinated Bank Rules
  • Global economy ‘not out of the woods yet’ Read the rest of this entry »

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AIG, Barclays, Ben Bernanke, Carlyle, Fed, Henry Paulson, Tim Geithner, U.S. Treasury

Too cozy?: Paulson’s constant calls to Goldman during crisis spotlighted; The return of the guaranteed bonus; Questionable Pequot Capital trading flagged in at least 44 reports; Jamie Dimon’s warrant auction; Geithner wants debt limit goal post moved before it’s breached; Buffett buying corporate debt

Posted by WSF On August - 10 - 2009
  • Paulson’s Calls to Goldman Tested Ethics
  • Effort to Rein In Pay on Wall Street Hits New Hurdle
  • Pequot Trading in Google, Cox, Premcor Sparked Warnings to SEC
  • Dimon’s Jubilee
  • Geithner asks Congress for higher US debt limit
  • Buffett’s Berkshire Adds Corporate Debt as Stock Purchases Drop Read the rest of this entry »

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WSF

Congressional Budget office criticizes health plan; B of A, Citigroup earnings; AIG’s ‘Toxic Pool’; Henry Paulson’s tough day; CIT last gasp efforts to stay out of bankruptcy; CIT bankruptcy could wreak havoc on retailers; Lenders to bid on Delphi; NYC jobless rate hits 9.5%

Posted by WSF On July - 17 - 2009
  • Budget Blow for Health Plan
  • Bank of America Profit Drops Less Than Expected on Fee Income
  • Citigroup Reports Second Quarter Net Income of $4.3 Billion, $0.49 Diluted EPS
  • AIG Swaps May Take Decades to Expire Leaving a ‘Toxic Pool’
  • Lawmakers Blast Paulson For His Response to Crisis Read the rest of this entry »

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WSF

JP Morgan’s earnings beat; Paulson sits on the hot seat; Banks opening the pay spigots to compete; California still has no budget deal; Regulators play hardball with B of A (and Citi); Foreclosures up 33% over June last year; Some large hedge funds could be “Tier 1″ under Obama plan; Chronic Hyperbolizer Donald Trump’s defamation lawsuit gets the well deserved boot

Posted by WSF On July - 16 - 2009
  • JPMorgan Profit Rises 36 Percent, Beating Estimates
  • Paulson Expected to Face Hard Questioning on Merrill Deal
  • Banks Ramp Up Pay Packages to Top Talent
  • Schwarzenegger, California Lawmakers Fail to Reach Budget Deal
  • U.S. Regulators to BofA: Obey or Else
  • U.S. Foreclosures Rise 33 Percent From June 2008 Read the rest of this entry »

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WSF

Paulson goes to Congress on B of A on July 16; SCOTUS gives states more power over banks; Sotomayor overruled; AIG possible “material adverse effect” over CDS valuation; El-Erian sees no Fed rate rise; Ivy league endowment problems; GM looking for sale ok; Porche / VW battle continues

Posted by WSF On June - 30 - 2009
  • Paulson to testify July 16 to House panel
  • Ruling Adds Teeth to State Oversight of Banks
  • AIG Discloses New Risk on Derivatives Sold to European Banks
  • Pimco’s El-Erian Says Federal Reserve Unlikely to Raise Rates
  • Supreme Court overturns ruling by Sotomayor Read the rest of this entry »

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WSF

Video: Kate Kelly talks about her new book on Bear Stearns’ final 72 hours: “Street Fighters”

Posted by WSF On May - 12 - 2009


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Bear Stearns, Ben Bernanke, Fed, Henry Paulson, Jim Cayne, Tim Geithner, U.S. Treasury, Videos, WSF

Did Ben Bernanke and Hank Paulson urge Bank of America CEO Ken Lewis to withhold the facts from his shareholders about Merrill Lynch’s financial problems? ($BAC)

Posted by WSF On April - 23 - 2009

Ken LewisKen Lewis’ February testimony to Andrew Cuomo et al:  According to this morning’s WSJ, based on statements that Ben Bernanke and Hank Paulson were said to have been made to him, Ken Lewis believed that he was supposed to keep mum about Merrill Lynch’s financial woes, even though he risked not publicly disclosing material financial information about the increasingly risky merger to his shareholders.  It was either that, or “impose a big risk to
the financial system”.  But according to statements from Bernanke and Paulson, it’s not all that clear who said what and how Lewis’ arm might have been twisted….

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Bank of America, Ben Bernanke, Henry Paulson, U.S. Treasury, WSF

Kucinich to the Treasury and the Fed: About those Merrill bonuses — what did you know and when did you know it? ($BAC)

Posted by WSF On March - 31 - 2009

Those $3.6 billion in Merrill Lynch bonuses that were paid out early seem to have disappeared from the front page thanks to the likes of AIG and the auto bailout.  But Dennis Kucinich, chairman of a subcommittee of the House of Representatives' Oversight and Government Reform Committee, is all over it now:

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Bank of America, Ben Bernanke, Bonuses, Compensation, Henry Paulson, Ken Lewis, Politics, U.S. Treasury

Paulson statement on the auto bailout and the need for Congress to release the remaining $350B of the TARP

Posted by WSF On December - 19 - 2008

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Henry Paulson, U.S. Treasury

Unlike auto execs, no private jet for Hank Paulson; first class commercial is just fine

Posted by WSF On November - 25 - 2008

Treasury Secretary, Henry Paulson, Bazooka Hank, General Motors, Ford, Chrysler, private jet

NY Post Page Six sightings: "TREASURY Secretary Hank Paulson – unlike automotive moguls who fly on corporate jets – in first class on an LA-DC American Airlines red-eye"

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Henry Paulson, U.S. Treasury

Full text: Hank Paulson’s testimony before the House Committee on Financial Services

Posted by WSF On November - 18 - 2008

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Credit Crunch, Henry Paulson, Politics, U.S. Treasury

Forbes is out with its annual Halloween masks

Posted by WSF On October - 27 - 2008

Jimmy Cayne Halloween mask
This year there are quite a few choices, spanning entertainment, sports, media, politics and of course Wall Street.  Just some of those represented: There's Eliot "Client 9" Spitzer and his high priced hooker Ashley Dupre.  There's Obama, Biden, McCain, Palin. There's the usually substance-impaired Amy Winehouse and Olympic champ Michael Phelps.  There's Ben Bernanke and Hank Paulson.  And of course, the collection wouldn't be complete without Wall Street pariahs Jimmy Cayne and Dick Fuld.
Halloween Masks – The Scariest People of 2008 – Forbes

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Ben Bernanke, Eliot Spitzer, Henry Paulson

More bank mergers on the way with the Treasury playing matchmaker?

Posted by WSF On October - 21 - 2008
In a step that could accelerate a shakeout of the nation’s banks, the Treasury Department hopes to spur a new round of mergers by steering some of the money in its $250 billion rescue package to banks that are willing to buy weaker rivals, according to government officials…..

“Treasury doesn’t want to prop up weak banks,” said an official who spoke on condition of anonymity, because of the sensitivity of the matter. “One purpose of this plan is to drive consolidation.”

“We think there will be pressure behind the scenes by Treasury to push together companies that should have merged months or years ago,” said Gerard Cassidy, a banking analyst at RBC Capital Markets in Portland, Me. “If you can create stronger companies, that is a positive.”

U.S. Is Said to Be Urging New Mergers in Banking – NY Times

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Banks, Credit Crunch, Henry Paulson, U.S. Treasury

WSF Headline Roundup – 10/15/08 - More on the $250B banks injection; Credit slow signs of easing; JP Morgan, State Street, Intel earnings; Google / Yahoo talking to Justice Dept re: their ad deal; Margin call hits XL Capital chairman

Posted by WSF On October - 15 - 2008
  • Devil Is in Bailout's Details
  • Paulson's Change in Rescue Tactics
  • Smaller Banks Resist Federal Cash Infusions
  • Credit Shows Signs of Easing on Bank Rescue
  • JPMorgan Net Income Drops 84 Percent on Writedowns
  • State Street Net Rises 33% as Volatility Boosts Fees
  • Intel forecast cheers Wall Street
  • Google, Yahoo Seek to Avoid Antitrust Suit Over Ad Deal
  • XL Chairman O'Hara Sells 80% of Stake on Margin Call

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WSF

Ben Bernanke’s speech

Posted by WSF On October - 14 - 2008

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Ben Bernanke, Credit Crunch, Henry Paulson, U.S. Treasury

Hank Paulson’s speech on the Treasury’s direct investment in banks

Posted by WSF On October - 14 - 2008

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Credit Crunch, Henry Paulson, U.S. Treasury

Joint Statement by Treasury, Federal Reserve, and FDIC

Posted by WSF On October - 14 - 2008

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Ben Bernanke, Credit Crunch, Henry Paulson, U.S. Treasury

Done deal: The Senate amendments to the rescue plan have passed the House of Representatives 263 – 171

Posted by WSF On October - 3 - 2008

Say a prayer that this thing works.

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Credit Crunch, Economy, Henry Paulson, Politics, U.S. Treasury

Just asking: Why do CNBC commentators (like Trish Regan) keep calling The treasury plan “a bailout” when at the same time they’re trying to explain that it’s NOT a bailout?

Posted by WSF On October - 1 - 2008

Doesn’t that just create more confusion for the public?

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CNBC, Credit Crunch, Economy, Henry Paulson, U.S. Treasury

Then again, maybe they shouldn’t have let Lehman Brothers fail…

Posted by WSF On September - 29 - 2008

An excellent Wall Street Journal front page article explores the far reaching ramifications and pains of letting Lehman Brothers fail.  We think that it was a terrible decision by the Fed and U.S. Treasury, which helped to put us where we are now, resulting in what we consider to be a rescue plan that amounts to nothing more than a $700 billion band-aid….

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Ben Bernanke, Credit Crunch, Henry Paulson, U.S. Treasury

So far stock index futures not much changed on tentative bailout plan news

Posted by WSF On September - 28 - 2008

SP500Futures-20080928

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Charts, Credit Crunch, Henry Paulson, Politics, U.S. Treasury

Tentative bailout deal: 3 pages turns into 110 pages and counting

Posted by WSF On September - 28 - 2008

Here are links to the plan…

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Credit Crunch, Economy, Henry Paulson, Politics, U.S. Treasury

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