Wall Street Folly

$40B bailout plan for Greece; U.S. Bailout seen as costing far less –now estimated at $89B; Most of AIG’s bad Goldman trades have been unwound; Big first quarter for UBS; UBS tax cases could net New York a lot of badly needed cash; Inspector General’s report faults regulatory supervision over WAMU failure; NBER isn’t willing to say the recession is over yet; Pimco sees continued low mortgage rates

Posted by WSF On April - 12 - 2010
  • Aid plan solves Greece’s near-term funding woes
  • Light At the End of the Bailout Tunnel
  • AIG, Goldman Unwind Soured Trades
  • UBS Hopes Big Profit Will Lift Client Confidence
  • NY state sees “deep well” of UBS client tax cases
  • U.S. Faults Regulators Over a Bank
  • Pimco Says Investors to Hold Down U.S. Mortgage Rates
  • Committee Reluctant to Mark End of Recession Read the rest of this entry »

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WSF

Scary: Are Goldman bankers loading up on pistols for protection just in case there’s a mob uprising?; Stressed out workers calling in sick more often; COBRA subsidies expiring

Posted by WSF On December - 1 - 2009

  • Arming Goldman With Pistols Against Public: Alice Schroeder
  • Companies say more calling in sick
  • COBRA subsidies begin expiring for the unemployed Read the rest of this entry »

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Goldman Sachs, Health

Obama ‘humbled’; More congressional pressure on B of A to spill; Non Wall Street firms changing pay policies; Banker furor over Fed pay oversight plans; EU head wants bonus limits regardless of U.S. stance; RBS $8.1B rights offer?; Citi European exec defects to Barclays; Recession forcing women back to the office; Japan’s new thriftiness; Dell buying Perot; Wynn Macau IPO

Posted by WSF On September - 21 - 2009
  • Obama Says He Has Been ‘Humbled’ by Tough Health-Care Debate
  • Congress Presses for Details From Bank of America on Talks
  • Firms Back Plan to Change Pay Policies
  • Bankers Furious Over Government Pay Plan
  • Limit EU bank bonuses even if U.S. doesn’t – Barroso
  • RBS Said to Gauge Interest in $8.1 Billion Share Sale
  • Citi Executive Tom King to Depart
  • SocGen CEO: Expects Higher Cap Requirements For Banks
  • IRS to Extend Leniency for UBS Offshore Disclosures Read the rest of this entry »

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WSF

Citigroup wants to deTARP (someday), but Parsons give a date, stock sale on tap?; Ya, right: Geithner saying across-the-board tax increases not inevitable?; B of A rebound to beat forecasts?; Another slap down for B of A’s Merrill settlement with SEC; Obama plays to a tough Wall Street crowd; NY State says Lehman owes $1.2B in taxes; Wells Fargo fires exec who partied in foreclosed home

Posted by WSF On September - 15 - 2009
  • Parsons Says Citigroup Will Be Able to Repay
  • U.S. Said to Explore Selling Off Its Citigroup Stock
  • U.S. Treasury Sec says tax increases not likely
  • Bank of America CEO Says Rebound May Beat Forecasts
  • SEC suffers further humiliation over BofA
  • Bank of America Ruling Leaves SEC With Few Options for Pursuit
  • A Tough Crowd on Wall Street
  • For Obama, a Chance to Reform the Street Is Fading
  • New York State Says Bankrupt Lehman Owes $1.2 Billion in Tax Read the rest of this entry »

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WSF

CIT thrown a lifeline; New report claims banks misused TARP $$$; Rahm Emanuel won’t be attending $JPM board meeting contrary to $NYT report; New Citi private investment group problems; Fortress has a new CEO; How’s Bernanke gonna keep rates down?; Recession easing says survey; KKR merging to still go public

Posted by WSF On July - 20 - 2009
  • Bondholders Plan CIT Rescue
  • Bailout Overseer Says Banks Misused TARP Funds
  • In Washington, One Bank Chief Still Holds Sway
  • White House chief of staff declines JPMorgan invite
  • Citi’s Latest Snag: Froman’s Funds Read the rest of this entry »

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WSF

The afternoon rally: What Nouriel Roubini seemed to have giveth, he taketh away….

Posted by WSF On July - 16 - 2009

So much for the rally:  Early in the afternoon word came out that Nouriel “Dr. Doom” Roubini was said to have changed his tune and  commented that the economy was improving and would emerge from the recession this year; that sparked a broad rally.  Turns out that he had reiterated comments that he’d already made, and he really hadn’t changed his tune at all…. Read the rest of this entry »

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Economy, WSF

Feeling the pinch: Some gentlemens’ clubs look to lift their bottom lines by going more downscale and giving more bang for the buck ($RICK, $VCGH)

Posted by WSF On June - 11 - 2009

Turns out that Strip Clubs aren’t recession resistant.  Like most other businesses in this economic downturn, they’ve been squeezed.   So how are they making sure that their bottom lines don’t sag?  They’re cutting costs and getting creative…. Read the rest of this entry »

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Strippers/Strip Clubs, WSF

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