Wall Street Folly

Lehman “alter ego” company used to get investments off its books; Syracuse students petition to prevent Jamie Dimon from speaking at graduation; Prosecutors naming more companies Galleon’s alleged insider trading ring profited from; AIG puts its pay czar compensation beef in writing; Donald Trump team’s casino bankruptcy exit plan picked over Carl Icahn’s; Consumer reports rips Lexus GX460 as unsafe; Twitter to start advertising

Posted by WSF On April - 13 - 2010
  • Lehman Channeled Risks Through ‘Alter Ego’ Firm
  • Dimon’s Syracuse Commencement Speech Fought in Student Petition
  • Morgan Stanley CEO calls for partnering with regulators and legislators
  • Galleon Insider Case Widens
  • AIG ’strongly objects’ to pay tsar’s restrictions on executive pay-outs
  • Donald Trump Beats Carl Icahn in Bankruptcy Battle for Casinos
  • Consumer Reports calls Lexus GX460 unsafe
  • Twitter to Start Rolling Out Advertising Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , ,

WSF

SEC on the hunt for banks that used Lehman repurchase games to hide liabilities; ex-IBM guy pleads guilty in Galleon insider trading case; BofA Merrill poised to expand; At least 17 smaller TARP wards of the state not doing so well; Moody’s, S&P win at least temporary reprieve in investors’ lawsuit; Lehman unsecured claims may fall; New iPhone to bypass AT&T said to be on the way

Posted by WSF On March - 30 - 2010
  • SEC questions Wall Street firms on use of repurchase agreements
  • Ex-I.B.M Executive Pleads Guilty to Fraud in Galleon Trading Case
  • Some TARP Beneficiaries Continue to Stumble
  • BofA pushes on with corporate growth plans
  • Moody’s, S&P Win Dismissal of Investors’ Fraud, Negligence Suit
  • Lehman Says Unsecured Claims May Fall to $260 Billion in Review
  • New iPhone Could End AT&T’s U.S. Monopoly Read the rest of this entry »

Tags: , , , , , , , , , , , , ,

WSF

UBS said to be firing 200; Lehman examiner’s report misleading?; Greece aid plan deal reached, Euro bounces; JP Morgan, UBS, others said to have engaged in muni bond bid rigging; 11 more may be charged next week in FSA insider trading probe

Posted by WSF On March - 26 - 2010
  • UBS’s U.S. Brokerage Unit Said to Fire Almost 200 Workers
  • Lehman Examiner’s Report Misleading, Lawyers Say
  • Bernanke says Fed is receptive to selling security holdings
  • Greek aid plan wins backing
  • Euro Rises From 10-Month Low as Trichet Welcomes Greek Solution
  • JPMorgan, Lehman, UBS Named as Conspirators in Muni Bid-Rigging
  • Ex-Cazenove, UBS Workers Said to Face Charges in Trading Probe Read the rest of this entry »

Tags: , , , , , , , , , , , ,

WSF

Obama administration’s mortgage loan modification program isn’t as successful as they’d have you believe; Dubai World holders might not want to hold their breath for their recoveries — it could take 9 years; Moore Capital’s Louis Bacon is in the spotlight as one of his traders is targeted in UK insider trading probe; Soros bought Lehman claims from Goldman

Posted by WSF On March - 24 - 2010
  • 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: , , , , , , , , , , ,

WSF

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

Posted by WSF 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: , , , , , , , , ,

WSF

Greenspan jumping on the banking regulation band wagon; Merrill Lynch had spilled the beans to regulators over Lehman’s controversial accounting; JP Morgan also used ‘Repo 105s’ accounting gimmick, but made disclosures; SEC finds Lehman examiner’s report ‘helpful’; Hedge fund speculators accused of raising Greece’s borrowing costs; Trichet wants tougher CDS regs; Palm death spiral?

Posted by WSF On March - 19 - 2010
  • 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: , , , , , , , , , , , ,

Bankruptcy, CDS, Fed, JPM, JPM Chase, SEC

High blood pressure? Bernie Madoff said to have gotten the crap kicked out of him in prison in December; Two Madoff programmers indicted; Schapiro: SEC fell down on the job over Lehman Brothers; Is Pelosi’s Healthcare vote end run even constitutional?; Alvarez & Marsal’s $247M Lehman Brothers pay day; Jim Cramer’s TheStreet.com is the focus of an SEC accounting probe

Posted by WSF On March - 18 - 2010
  • Madoff Beaten in Prison
  • Madoff computer programmers nailed
  • SEC on Lehman Oversight: Not Good Enough
  • Pelosi Tactic for Health-Care Vote Would Raise Legal Questions
  • Alvarez & Marsal Gets $247 Million for Advising Bankrupt Lehman
  • SEC probes TheStreet.com’s finances Read the rest of this entry »

Tags: , , , , , , , , , ,

Bernie Madoff, SEC

Lehman Whistle-blower was booted after raising red flags; TARP fraud charges for former Park Avenue Bank head; Hedge funds could see big inflows this year; Former Merrill trader gets banned for position mismarks

Posted by WSF On March - 16 - 2010
  • 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, Hedge funds

2200 page Lehman Examiner’s report: Lots of blame to go around including top execs, Were they insolvent weeks before filing?; EU defends its position on hedge fund rules after Geithner criticism; Obama said to want Yellen for Fed Vice Chairman; AIG still trying to get ex-employees to pony up at least part of those already paid bonuses; Tiger Woods reportedly to make comeback at Masters

Posted by WSF On March - 12 - 2010
  • 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: , , , , , , , , , , , , , ,

WSF

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: , , , , , , , , , , , , , , , ,

Bill Gates, Revolving Door, Tim Geithner, Warren Buffett

Morgan Stanley’s Roach sees China bubble talk as “overblown”; Greece PM to press Obama to curb those nasty speculators (as if THEY’RE the problem); Nomura’s golden handcuffs on ex-Lehman bankers will soon expire; Madoff’s victims who don’t like loss calculations can appeal to 2nd Circuit; Employers still nervous about hiring; Amazon DKs Colorado affiliates over tax issue

Posted by WSF On March - 9 - 2010
  • Morgan Stanley’s Roach Sees ‘False Alarm’ on China
  • Greece to Press U.S. to Crack Down on ‘Speculators’
  • Lehman Bankers’ Lock-Ins to Expire at Nomura
  • Madoff victims may appeal directly to 2nd Circuit
  • Employers still skittish on hiring
  • Amazon cuts off Colo. affiliates because of tax Read the rest of this entry »

Tags: , , , , , , , , , ,

Barack Obama, Bernie Madoff

Greece’s Papandreou: “”We don’t want to be the Lehman Brothers of the EU”; Hedge funds probed in Greek tragedy; Fannie & Freddie may stick banks with $21B in bad loans; Toyota still isn’t getting it right with fixed cars still accelerating

Posted by WSF On March - 5 - 2010
  • 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, Hedge funds

Warren Buffett’s annual tome out tomorrow; Hedge funds balking at reducing the 2/20 fee model; Like Barclays, Nomura is banking from it’s Lehman asset buy; Charlie Rangel guilty of some House rules violations per Ethics Committee, but what about those tax charges?

Posted by WSF On February - 26 - 2010
  • Buffett letter has big audience as Berkshire bulges
  • Hedge funds shy away from lowering fees
  • Lehman swoop reaps rewards for Nomura
  • Charles Rangel accepted Caribbean trips against House laws, Ethics Committee rules Read the rest of this entry »

Tags: , , , , , , ,

Hedge funds, Politics, Warren Buffett

Marc Faber expects stocks to fall; Geithner still plagued by bailout anger; AIG stabilizing?; Alvarez & Marsal bank $233M in fees from bankrupt Lehman Brothers

Posted by WSF On February - 22 - 2010
  • U.S. Stocks to Fall, Faber Says; Wood Doubts Recovery
  • Bailout Anger Undermines Geithner
  • AIG Death Spiral Ends as Bailout Support Brings Stable Revenue
  • Alvarez & Marsal Gets $233 Million for Advising Bankrupt Lehman Read the rest of this entry »

Tags: , , , , , , , ,

AIG, Bankruptcy, Fees, Tim Geithner, U.S. Treasury

Lehman examiner files sealed report on banks’ role in the firm’s downfall – he wants it public; DE Shaw is looking to pick off rival hedge funds’ distressed portfolios; A look at the SEC and the team that’s tasked to prevent another Madoff; Ex-Morgan Stanley banker Zaoui may put out his own shingle

Posted by WSF On February - 9 - 2010
  • Lehman Brothers Examiner Files Sealed Report on Role of Banks
  • DE Shaw mobilises team to buy distressed assets of fund rivals
  • S.E.C. Enforcers Focus on Avoiding Madoff Repeat
  • Ex-Morgan Stanley Banker Zaoui Said to Weigh Own Firm Read the rest of this entry »

Tags: , , , , , , ,

Banks, Bernie Madoff, Hedge funds, SEC

Bernanke wins, but Fed weakened?; Top bankers huddle at Davos; More on Greek debt concerns; AIG draws $2.4B more, most employees may accept smaller bonuses; Bank tax poses conundrum for NY Senators; Barclays claims Lehman owes them $3B

Posted by WSF On January - 29 - 2010

  • Bernanke May Have Harder Fight Defending Fed After Confirmation
  • Top Bankers Huddle on Regulation Talks
  • DAVOS: Bank Of America Is Not Too Big, Says CEO
  • Euro Falls to Six-Month Low Versus Dollar on Greek Debt Concern
  • Greek Debt Swap Counterparty Risk May ‘Spook’ Market
  • AIG Gets Strong Response on Bonus Cuts
  • AIG Draws $2.4 Billion From Fed Credit Line, Most Since October
  • Bank Tax Is Knotty Issue for New York’s Senators
  • Barclays Says Lehman Owes It $3 Billion on Brokerage Deal

Tags: , , , , , , , , , , , ,

AIG, Bank of America, Barack Obama, Barclays, Ben Bernanke, Bonuses, CDS, Fed

New bailout fee? Obama administration looking for more ways to stick it to banking industry; Jamie Dimon sick and tired of banker “vilification”; B of A in settlement talks with Cuomo; SEC upping the ante against them with more charges; Bunning wants NY Fed AIG probe; Pandit reshuffles the deck chairs again at Citigroup; Fed made $45B in ‘09; No big surprise, but Pang committed suicide per ruling; AIG looking to hire ex Lehman lawyer to fill general counsel slot abandoned over pay flap; B of A exec demotion

Posted by WSF On January - 12 - 2010
  • Banks Brace for Bailout Fee
  • JPMorgan’s Dimon defends bank’s pay policy
  • SEC broadens charges on Bank of America
  • Bank Is in Talks to Settle State Claims Over Merrill
  • N.Y.’s Cuomo Seeks Bonus Data From Bailed-Out Banks
  • SEC Should Probe NY Fed Staff Over AIG, Senator Says
  • Pandit Shakes Up Citi’s Upper Ranks
  • Federal Reserve earned $45 billion in 2009 Read the rest of this entry »

Tags: , , , , , , , , , , , , , , ,

AIG, Bank of America, Barack Obama, Bonuses, Citigroup, Compensation, JPM Chase, Jamie Dimon, SEC, Taxes, Vikram Pandit

Averting defeat, Chris Dodd is stepping aside and won’t run; Rajaratnam facing new charges; TCW bailing on PPIP; Asness’ AQR launching another mutual fund; Goldman takes a piece of Tiger cub fund; Citigroup’s Havens $9M payday; Ex-UBS banker wants prosecutors probed; Distressed real estate getting nibbles from Blackstone, others; Lehman claims plan facing resistance; Iceland says it won’t default

Posted by WSF On January - 6 - 2010
  • Senator Dodd Said to Not Seek Re-election in November
  • Galleon founder faces more US charges
  • TCW Pulling Out of PPIP
  • Shumway Capital Sells Stake to Goldman Sachs’s Petershill Fund
  • Citi’s Havens Got $9 Million for ‘09
  • Hedge Fund AQR Goes ‘Mom & Pop’
  • Ex-UBS Banker, Informant Birkenfeld Seeks Probe of Prosecutors
  • Distress Calls Begin to Go Out Read the rest of this entry »

Tags: , , , , , , , , , , ,

Citigroup, Compensation, Goldman Sachs, Hedge funds, Insider Trading, Lawsuit, Real Estate, UBS

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: , , , , , , , , , , , ,

Hedge funds, Politics, Taxes

White smoke! B of A has FINALLY anointed a Ken Lewis successor — from within; Secondary prices at only $3.15/share, below what Treasury paid — Will Vikram get the boot after Citigroup’s stock offer gets poor reception?; Meredith Whitney cuts Goldman, Morgan Stanley estimates; Lehman Brothers gets ok to pay $50 million in bonuses; Dubai Properties staying the course with Tiger Woods

Posted by WSF On December - 17 - 2009

  • Bank of America names Brian Moynihan as new CEO
  • U.S. Delays Sale of Citigroup Stake as Shares Sell at Discount
  • Bernanke confirmation seen passing first hurdle
  • Meredith Whitney Cuts Goldman Sachs, Morgan Stanley Estimates
  • Lehman to pay $50m in bonuses
  • U.S. says Credit Suisse schemed to evade sanctions
  • SEC tightens rules on investment advisers, corporate transparency
  • Tiger Woods Dubai Says It’s Committed to Golf Course Read the rest of this entry »

Tags: , , , , , , , , , ,

Bank of America, Bonuses, Citigroup, Credit Suisse, Goldman Sachs, Meredith Whitney, Politics

Looks like TARP program gonna be extended; Greek finance minister says country won’t default; Istithmar lost control of W Hotel; Nomura won’t extend fixed Lehman bonuses; Morgan Stanley reshuffling; Apollo stock offering; Barclays denies $5B Lehman windfall; AIG General Counsel may leave over pay flap; CIT emerging from bankruptcy; Tiger’s ads have disappeared

Posted by WSF On December - 9 - 2009

  • Geithner Said to Be Seeking TARP Extension Until Next October
  • Greece Finance Minister Says No Risk of Default
  • Jackson’s (W)Hole
  • Morgan Stanley reshuffles to take on Goldman
  • Morgan Stanley Ousts Petrick as Trading Chief, Promotes Porat
  • Nomura to wind down Lehman fixed bonuses
  • Apollo Investment plans to sell 10 million shares
  • Barclays Says Lehman Brokerage Sale Gave It No ‘Secret’ Gain
  • AIG General Counsel Kelly May Depart After Protesting Pay Limit
  • Judge Approves CIT Group’s Restructuring Read the rest of this entry »

Tags: , , , , , , , , , , , , , ,

AIG, Bankruptcy, Barclays, Goldman Sachs, Sports, Tim Geithner

All in the family: Raj wasn’t the first Rajaratnam to be under scrutiny; Raj says he’s innocent, wiretaps illegal; Benmosche staying at AIG, signs noncompete; Lehman creditors seeking “judicial assistance” to get info; UBS, Ernst sued over Madoff; A Madoff victim’s quest for trustee probe denied; Hedge funds rebound

Posted by WSF On November - 25 - 2009

  • Rajaratnam’s Brother Drew Scrutiny
  • Galleon Chief Attacks Government’s Case Against Him
  • Galleon Sells Commercial Bank, Sri Lanka Shares, Regulator Says
  • Benmosche Reaffirms His Commitment to Leading AIG
  • AIG’s Benmosche Signs Noncompete Deal
  • Lehman Creditors Want Barclays Data From U.K.’s FSA
  • Madoff Victim’s Proposed Probe of Liquidator Denied
  • UBS, Ernst & Young Face Test Cases Over Madoff Funds
  • Hedge funds set for rebound to pre-crisis level Read the rest of this entry »

Tags: , , , , , , , , , , ,

AIG, Bernie Madoff, Credit Crunch, Hedge funds, Legal, Revolving Door

Obama’s AIG headache; Pinpointing when Madoff’s scam started key to loss calculations; Madoff trustee’s big fee bill; Hedge funds, others trapped in Lehman closer to getting $$$; Fed said to be looking for deTARPing plans; Apollo still looking for NYSE listing; Nomura fined over mismarking; If Murdoch papers, others bolt to Bing, will Google take a hit?; GM return plan “a scam”?

Posted by WSF On November - 24 - 2009
  • AIG’s Rescue Bedevils U.S.
  • Start Date Is Critical in Ponzi Plan
  • Madoff liquidator seeks fees of $22.1m
  • Fed Said to Ask Stress-Tested Banks to Submit Plans on TARP
  • Billions in Lehman accounts unfrozen
  • Black’s Apollo Revives Plan for New York Stock Exchange Listing
  • U.K. Bankers Chafe Under the Microscope
  • Nomura Fined $2.9 Million for Mis-marking Derivatives
  • Murdoch courts trouble if he blocks Google on news Read the rest of this entry »

Tags: , , , , , , , , , , , , , ,

AIG, Bernie Madoff, Carl Icahn, Casinos, Fed, Fees, Legal, Politics

Big talent drain at Goldman says Whitney; Small businesses dialing for Goldman dollars; Former Galleon #2 guy emerges as another Galleon ring link; Citadel looking to bounce back from dreadful ‘08; Geithner: “This credit crunch is not over”; Lehman creditors’ claims $824M so far; Thain for B of A CEO? We’d bet not; Mack says more regulation ok with him; Chrysler may ax 145 dealers

Posted by WSF On November - 19 - 2009
  • Whitney Says Goldman Sachs Lost ‘Tremendous’ Talent
  • Small Businesses Turn to Goldman
  • New Link Seen in Galleon Insider-Trading Case
  • Geithner: ‘The credit crunch is not over’
  • A Hedge-Fund King Comes Under Siege
  • Lehman Brothers Creditors File $824 Billion in Claims
  • Thain self be true
  • Morgan Stanley’s Mack Welcomes Regulation by Fed Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , ,

Bank of America, Credit Crunch, Goldman Sachs, Hedge funds, Insider Trading, Politics, Revolving Door

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, Wachovia, Warren Buffett

VIDEO

TAG CLOUD

RECENT

Sponsors

Contact Us | Twitter ID | RSS | Feedblitz

Tags

  • Charles Tyrwhitt wine.com Apple iTunes

Twitter