Moody’s | Wall Street Folly

Wall Street traders faring better than CEO’s, Ex Citigroup bigs Prince and Rubin have some ’splainin to do to Congress; Vikram Pandit may make more than a buck a year yet; The SEC’s rocky road to changing its poor image; Los Angeles financial meltdown?; California’s pension fund mess; Apartment rents on the rise

Posted by WSF On April - 6 - 2010

Traders Beat Wall Street CEOs in Pay
Now to Explain the Party Favors
Fannie, Freddie Touch Off Swaps Scrap
SEC faces setbacks, skepticism in trying to reform its enforcement image
Moody’s and S&P reproached
A grim assessment of L.A.’s finances
Shortfall Awaits California’s Big Pension Funds
Apartment Rents Rise as Sector Stabilizes Read the rest of this entry »

Tags: Bonuses, California, Casinos, Compensation, Fannie Mae / Freddie Mac, Financial Crisis, Financial Distress, Mary Schapiro, Moody's, Morgan Stanley, rating agencies, Rental market, SEC, Standard & Poors

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: Apple, AT&T, Bank of America, Bankruptcy, Galleon, Insider Trading, iPhone, Lehman Brothers, Moody's, Raj Rajaratnam, rating agencies, S&P, SEC, TARP

WSF

Moody’s warning on AAA ratings for U.S., UK, France, Germany; Goldman and JP Morgan forcing hedge funds to put up more collateral on CDS trades; Dodd’s financial overhaul plan due out today; AIG said to have cut bonuses by $21M; UBS sees 2010 turnaround

Posted by WSF On March - 15 - 2010

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

AIG, Bonuses, CDS, Goldman Sachs, Hedge funds, JPM, JPM Chase

Bloomberg Senate poll shows 3-1 confirmation support for Bernanke; Hedge funds like John Paulson’s betting on interest rate rises; Not many AIG execs who said they’d return bonuses have done so; Geithner doesn’t see job growth til the spring; Allen Stanford near ‘breakdown’?; Big sovereign debt sell off possible per Moody’s; Rajaratnam’s lawyers want later trial; Buffett sells more Moody’s shares; Infringment: Microsoft Wordless?

Posted by WSF On December - 23 - 2009

Bernanke’s Confirmation Support Runs 3-1 in Favor in Senate
Top hedge funds bet on big rise in yields
AIG executives’ promises to return bonuses have gone largely unfulfilled
Geithner-U.S. job growth unlikely before spring
Stanford again seeks bail, Lawyers say he risks ‘breakdown’
Moody’s warns of possible sharp sell-off in sovereign debt
Rajaratnam Lawyer Opposes Request for Summer Trial on Galleon
Buffett Sells Moody’s Shares for Sixth Time After Profit Drop
Fortress’s Intrawest Said to Be in Talks on Buyout Loan Payment
Microsoft Must Alter Word or Stop Sales, Court Says Read the rest of this entry »

Tags: AIG, Allen Stanford, Ben Bernanke, Bonuses, Fed, Fortress, Galleon, Hedge funds, Interest Rates, jobs, John Paulson, Microsoft, Moody's, Politics, Raj Rajaratnam, Tim Geithner, Trademarks, U.S. Treasury, Warren Buffett

AIG, Allen Stanford, Ben Bernanke, Bonuses, Fed, Hedge funds, Insider Trading, Legal, Paulson & Co, Tim Geithner

Henry Kravis has Warren Buffett envy; A year later Madoff “is the godfather, the don” behind bars; Goldman cash bonuses will make bottom line look nicer; UK hedge funds not part of supertax; Lawyers scramble to find supertax loopholes; Moody’s says U.S., UK not threatened with downgrades (yet); Ex-UBS banker is a fugitive; Merrill squawk box broker gets probation

Posted by WSF On December - 11 - 2009

Bernie Madoff, the $19B Con, Makes New Friends Behind Bars
Buyout Pioneer Kravis Aims to Remake KKR Like Buffett
Goldman Sachs Bars Cash Bonus for Top Officers
Goldman Sachs Stock Bonus Plan to Defer Compensation Expense
UK: Revenue to clarify bonus rules
UK: Lawyers search for loopholes in supertax
Moody’s Analyst: No Threat To US, UK Triple-A Ratings Now
Ex-UBS Banker, Swiss Lawyer Declared U.S. Fugitives Read the rest of this entry »

Tags: Bernie Madoff, Bonuses, Compensation, Goldman Sachs, Henry Kravis, KKR, Moody's, ponzi schemes, prison, scammers, Taxes

Bonuses, Compensation, Goldman Sachs, Hedge funds, Legal

The Galleon insider trading web is getting larger with 14 more people busted #Galleon #insiderTrading #hedgefunds

Posted by WSF On November - 5 - 2009

The alleged Galleon insider trading web expanded this morning with the FBI busting 14 more:

U.S. prosecutors charged 14 people, including a former employee at the offices of the Galleon Group hedge fund firm, as part of an investigation of an alleged $20 million insider trading scheme.

Craig Drimal, who according to court documents worked at the offices of Manhattan-based Galleon, was arrested today along with Zvi Goffer, Arthur Cutillo, Jason Goldfarb, Emanuel Goffer, David Plate and Michael Kimelman. Charges against the men include conspiracy and fraud, according to documents filed in New York federal court. Names of the other seven defendants weren’t immediately available.

Ex-Galleon Worker, 13 Others Charged in Insider Scam – Bloomberg

Tags: Busted, Galleon, Hedge funds, Insider Trading, Legal, Moody's, Raj Rajratnam

Hedge funds, Insider Trading, Legal, Scandal

SEC / CFTC looking to tighten market manipulation rules; Schumer wants SEC funding reform; Citi criticized for not having deTARPing plan; Fighting words: Gov Patterson vs Andrew Cuomo on attacks on bonuses; Moody’s smacked in lawsuit, Buffett sells more shares; Gold to $1200?; Lenny Dykstra accused of looting his own household assets before his chapter 11 filing; Oracle / Sun deal snags; iPhone finally getting multimedia messaging

Posted by WSF On September - 3 - 2009

SEC, CFTC May Sharpen Rules on Market Manipulation
Schumer seeks SEC funding reform
No Pity For Citi
Governor Paterson says bonuses paid to Wall Street financial executives were good for state
Buffett’s Berkshire Cuts Moody’s Stake Second Time in 2 Months
S&P Parent McGraw-Hill, Moody’s Tumble on Lawsuit
Deutsche Bank Chief Says Lenders Learned From Crisis
Gold May Advance on Higher Prices, Weaker Dollar, Survey Shows
Gold may touch $1,200 by end December – official Read the rest of this entry »

Tags: Apple, Bankruptcy, Bonuses, CFTC, Citigroup, Compensation, Credit Suisse, Deutsche Bank, Gold, Moody's, New York, Politics, S&P, SEC, Warren Buffett