Wall Street Folly

Goldman Sachs explains itself to shareholders in its annual letter; Paul Volcker calls for VAT tax; Jamie Dimon’s lobbying efforts; Greece pleas for more aid; Geithner wants Europeans to revise their hedge fund rule plan, also, he’s meeting with Chinese Vice Premier; Spirit Airlines pissing flyers off with new carry on baggage fee

Posted by WSF On April - 7 - 2010
  • Goldman Tells Its Side of ‘09
  • Volcker: Taxes likely to rise eventually to tame deficit
  • Mr. Dimon Goes to Washington
  • Greek banks plead for more aid in debt crisis
  • Geithner Urges Europe to Revise Hedge-Fund Rule Plan
  • Geithner to Meet With the Chinese Vice Premier
  • Fliers up in arms about carry-on fee Read the rest of this entry »

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

WSF

So much for Obama’s ‘Volcker Rule’; Citi looking to dump hedge fund business; Hedge fund assets slumped $2.85B in January; UK’s FSA says hedge funds aren’t so risky from leverage perspective; Trump vs Icahn in Atlantic City

Posted by WSF On February - 24 - 2010
  • ‘Volcker Rule’ Stalls in Senate
  • Citi in Talks to Sell Hedge-Fund Business
  • Hedge Funds Don’t Pose ‘Destabilizing Risk,’ FSA Says
  • Hedge-Fund Assets Fell $2.85 Billion in January as Stocks Fell
  • Trump Argues Name Can’t Be Used By Icahn for Casinos Read the rest of this entry »

Tags: , , , , , , , , ,

Barack Obama, Carl Icahn, Citigroup, Donald Trump, Hedge funds, Politics

Crotch grabbing and anti-gay slurs? Harbinger’s Phil Falcone and his wife sued for sexual harassment by their gay former house manager; JP Morgan UK analyst suspended for crashing a food retailer’s suppliers only meeting (even though he was banned); Volcker thinks the retirement age should be hiked; Former TCW trader’s ex-clients face Friday deadline

Posted by WSF On February - 19 - 2010
  • Billionaire hedge funder, wife tossed anti-gay slurs at employee, forced him to live like pig: suit – NY Daily News
  • JP Morgan suspends analyst after Asda ‘ruse’
  • Former Fed Chairman Volcker Favors Increasing Retirement Age
  • Jeffrey Gundlach’s ex-clients at TCW face choice Read the rest of this entry »

Tags: , , , , , ,

Hedge funds, JPM, JPM Chase

The spotlight is on Paul Volcker; Will banks find ways around the “Volcker Rule”?; CDS on Euro banks rising; UK’s Madoff Securities won’t face criminal charges; Madoff lieutenant giving up his home; Free checking at Citi through 2010; NY Senator Chuck Schumer’s poll numbers sinking

Posted by WSF On February - 2 - 2010
  • Bankers in Davos Seek a United Message on Volcker Rule
  • Banks Gear Up for a Battle
  • Volcker Looms Larger as Support for Bernanke Strengthens Ties
  • Volcker sees markets more fragile without reforms
  • Bank Debt Swaps Exceed Corporate Insurance by Most Since Lehman
  • Madoff Securities Won’t Face Charges in London Criminal Probe
  • Madoff Aide DiPascali Agrees To Forfeit Home, Personal Property
  • Citibank to Keep Free Checking Accounts Through 2010 Read the rest of this entry »

Tags: , , , , , , , , ,

Barclays, Bernie Madoff, CDS

Five B of A directors said to have gotten Cuomo subpoenas; Oy: Thain pressured execs with “wonderful opportunity” to give up bonuses; Someday Citi will be profitable; Citi looking to image changing ad campaign; SEC considering flash order ban; California probing credit rating firms; Levkovich sees 5-10% mkt pullback; Volker says ‘long slog’ for recovery

Posted by WSF On September - 17 - 2009
  • Cuomo Said to Subpoena Five Bank of America Directors
  • Ex-Brokerage Chief: Pressured to Forgo Bonus by Thain
  • Citi CEO Pandit Has ‘Little Doubt’ of Profit Return
  • Pandering Pandit
  • SEC to Consider Flash-Order Ban, Rules for Credit-Rating Firms
  • California Will Investigate Rating Firms, Attorney General Says
  • Citi’s Levkovich sees 5-10 pct pullback in US stocks Read the rest of this entry »

Tags: , , , , , , , , ,

WSF

Former Fed chief Volcker pushing for “strong restrictions on risk-prone capital market activities — hedge funds, equity funds, proprietary trading and the like”

Posted by WSF On February - 26 - 2009

According to Bloomberg:

“We must not again leave the markets so vulnerable that a breakdown will again threaten the national and world economies,” Volcker, who heads President Barack Obama’s Economic Recovery Advisory Board, said today in a hearing of the congressional Joint Economic Committee in Washington.

He urged “strong restrictions on risk-prone capital market activities — hedge funds, equity funds, proprietary trading and the like” to help ensure the stability of banking institutions and limit potential conflicts of interest.

“We are living in a difficult time for the economy, with unprecedented complexities, complications and risks for financial markets and financial institutions,” Volcker said.

Volcker Urges ‘Strong’ Restrictions on Hedge Funds – Bloomberg

Tags: , , ,

Barack Obama, Hedge funds

Who should be Treasury secretary?

Posted by WSF On November - 5 - 2008

A poll that CNBC is running currently has NY Fed President Timothy Geithner in the lead, with 26%, Former Fed Chairman Paul Volcker with 20%.  Our pick would be Volcker.  You can vote here.

Tags: , , ,

CNBC, Credit Crunch, Politics, U.S. Treasury

A tale of two fed chiefs: Greenspan vs Volcker

Posted by WSF On April - 9 - 2008

Bloomberg columnist Carolyn Baum is another journalist whos pissing on Alan Greenspan’s legacy; this morning she contrasts him to his predecessor, Paul Volcker: 

Volcker is tall; Greenspan isn’t. Volcker is a man of few words; Greenspan won’t shut up. Volcker retired as Fed chair and avoided the limelight; Greenspan is doing everything possible to make sure the light shines on him.

The problem for Greenspan is that the spotlight on him is also illuminating detritus on the economy’s shoreline now that the tide of easy money has gone out. (Wait, easy money is back!) Greenspan’s curriculum vitae includes two asset bubbles (one in Internet and technology stocks in the late 1990s, another in residential real estate), a pair of banking crises, a boatload of fraudulent lending he chose to ignore, and a household savings rate of zero.

Read the rest of this entry »

Tags: , ,

Uncategorized

VIDEO

TAG CLOUD

RECENT

Sponsors

Contact Us | Twitter ID | RSS | Feedblitz

Tags

  • Charles Tyrwhitt wine.com Apple iTunes

Twitter