Wall Street Folly

SEC case seems to be unraveling by the day as Paulson deputy said to have told ACA they were going short, and ACA’s own portfolio suggestions actually made the deal worse, not better; Goldman’s Gary Cohn said to be attending Obama’s Wall Street speech; Blankfein comes out swinging; Tourre to testify next week (unless he pulls out); Obama says Whitehouse didn’t discuss Goldman with the SEC; Obama’s keeping his Goldman campaign contributions

Posted by WSF On April - 22 - 2010
  • Questions Raised About Evidence on Goldman
  • SEC vs Goldman Sachs
  • Goldman exec Cohn to attend Obama speech-source
  • Blankfein attacks ‘political’ SEC case
  • Tourre Expected Before Senate Panel
  • Obama Says SEC, White House Didn’t Discuss Goldman
  • Along with SEC, other investigators and suits may target Goldman Sachs
  • Obama Doesn’t Intend to Give Back Goldman Campaign Donations Read the rest of this entry »

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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 »

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

Goldman’s stock battered by Obama anti-bank plans just in time to benefit stock bonus pricing; Four hedge funds sue Porsche over that nasty VW short squeeze; Philippe Jabre shutting his flagship fund to new investment

Posted by WSF On January - 26 - 2010
  • Goldman Sachs Bonuses May Get Boost as Obama Plan Hammers Stock
  • Funds sue Porsche over VW debacle
  • Jabre to ‘hard close’ its flagship hedge fund Read the rest of this entry »

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Barack Obama, Bonuses, Compensation, Goldman Sachs, Hedge funds, Lawsuit

Legal vendetta: Steve Cohen’s ex-wife surprises her lawyer giving him the boot for Harry Markopolos’ lawyer ; Goldman Sachs is making noises about pulling units out of UK over 50% bonus tax; UK asset managers encouraging portfolio managers to invest bonuses in thr own funds; Feldstein: Risks that economy will stall in ‘10?; Bernanke blame lax regulatory environment for housing bubble; Avatar banking at the box office

Posted by WSF On January - 4 - 2010
  • Billionaire’s Ex-Wife Hires New Lawyer in Civil Suit
  • Goldman Sachs teams could quit the City over taxes and regulations
  • Bonus tax provokes new action
  • Harvard’s Feldstein: Risk Economy Will Run Out Of Steam In ‘10
  • Bernanke calls for stronger financial regulation
  • Fed Chief Edges Closer to Using Rates to Pop Bubbles
  • ‘Avatar’ Is Top Film, Nears $1 Billion Sales Mark Read the rest of this entry »

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Ben Bernanke, Bonuses, Fed, Goldman Sachs, Hedge funds, Steven A. Cohen

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 »

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

Ben Bernanke gets to keep his job!; Goldman “trading huddles” gonna be probed; Ex-Merrill exec Bob McCann suing B of A over noncompete preventing him from a “once-in-a-lifetime” job; Giuliani may run for Governor; B of A defending Merrill bonuses; Allen Stanford will stay in jail til his trial; Sarkozy wants bonus curbs; Citadel files $470M Lehman claim; California mortgage delinquencies to rise thru 09?

Posted by WSF On August - 25 - 2009
  • Obama to Reappoint Fed Chairman Ben Bernanke
  • Regulators to Examine Goldman’s Trade Tips
  • Ex-Merrill executive sues BofA over departure
  • McCann files lawsuit against BofA
  • Giuliani, Seeing Opening, Mulls a Governor Bid
  • BofA Denies Misleading Its Investors on Bonuses
  • Appellate court keeps Stanford behind bars
  • Sarkozy Will Urge BNP, SocGen to Curb Bonus Payouts for Bankers
  • FDIC to Ease Entry for Private-Equity Firms Buying Failed Banks
  • Citadel Files Lehman Claim to Recover $470.5 Million Read the rest of this entry »

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WSF

Strange but apparently true: Wells Fargo has sued itself; Even their own staff is said to be laughing over how absurd it sounds — $WFC #banks

Posted by WSF On July - 15 - 2009

And if their own staff is laughing, everyone else is bound to do so as well.  So they’ve assigned a PR person to deal with the press over the lawsuit, which revolves around a conflict of interest in the ownership of a condo.  Per the NY Post: Read the rest of this entry »

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Real Estate, WSF, Wells Fargo

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