Short Selling | Wall Street Folly

Legg Mason’s Bill Miller is having a pretty good year so far; Appaloosa short sales getting probed by SEC,

Posted by WSF On March - 26 - 2010

Miller Beats Miller as Legg Mason Opportunity Trounces Flagship
Appaloosa’s Short Sales on Wells Fargo Face SEC Probe Read the rest of this entry »

Tags: Appaloosa, Bill Miller, David Tepper, Hedge funds, Legg Mason, SEC, Short selling

More Galleon witnesses were wired; Smarter money: Just as it was with short sellers, now it’s all CDS traders’ fault’ Barclays wants U.S. retail bank; Dubai World debt talks progress; More preying on Madoff victims; Business Coalition getting more vocal in Obamacare opposition; SEC economist said to be leaving after Short Sale rules conflict; Apollo said to be buying Citigroup real estate unit; Google launches web apps store

Posted by WSF On March - 10 - 2010

More Wore Wires in Bid to Investigate Inside Trades in Galleon Case
Swaps Come Under Fire
Barclays on the Hunt for a U.S. Retail Bank
Dubai Made Progress in Debt Talks, U.K. Minister Says
Internet hustlers go after Madoff victims
Obama’s Health-Care Push Gets Challenge From Business Coalition
SEC Economist Leaving Amid Short-Sale Rules Conflict Read the rest of this entry »

Tags: Barack Obama, Barclays, Bernie Madoff, CDS, Citigroup, Dubai World, Galleon, Google, Hedge funds, Insider Trading, Obamacare, Politics, Raj Rajaratnam, SEC, Short selling

WSF

Changes on the way for Obama’s proposed bank fee?; Could Spain be the euro’s undoing?; National Highway Traffic Safety Administration takes knocks at Toyota hearing; SEC passes new short selling rules; Bernanke expects low interest rates for awhile; Plug may be pulled on Hummer after Chinese deal collapse

Posted by WSF On February - 25 - 2010

Obama’s $90 Billion Bank Fee May Be Revised by Panel
The Euro’s Next Battleground: Spain
At Toyota hearings, auto safety agency feels the heat
Hoping to prevent stock meltdowns, SEC passes short-selling rules
Fed chief Bernanke expects extended hold on interest rates
Hummer Faces Shutdown After Chinese Sale Collapses Read the rest of this entry »

Tags: Autos, Banks, Barack Obama, Ben Bernanke, Euro, Fed, Greece, Interest Rates, Politics, SEC, Short selling, Spain, Toyota

Autos, Banks, Barack Obama, Ben Bernanke, Fed, Interest Rates, SEC, Short selling

702 banks now on FDIC endangered list; SEC is voting today on short selling changes; Credit Suisse bankers who opted for bonuses in toxic securities are banking!; Toyota big boss on congressional hot seat today; GM’s Hummer deal with China said to be in trouble; EU initiating a Google antitrust probe

Posted by WSF On February - 24 - 2010

At F.D.I.C. , Bracing for a Wave of Failures
SEC Disappointing Goldman Sachs Amid Vote on Short-Sale Curb
Bon Appétit: ‘Toxic’ Bonus Yields 72% at Credit Suisse
Japan to probe Toyota acceleration complaints
‘Consumer Reports’ still likes Prius as top eco-friendly car
A Tough Test Before Congress for Toyota’s Chief
EU Opens Google Antitrust Inquiry
GM Said to Not Win China’s Approval for Hummer Deal Read the rest of this entry »

Tags: Antitrust, Autos, Bank failures, Banks, Bonuses, Compensation, Consumer Reports, Credit Suisse, FDIC, GM, Goldman Sachs, Google, recalls, SEC, Short selling, Toyota

Autos, Banks, Bonuses, Compensation, Credit Suisse, Goldman Sachs, SEC, Short selling

SEC wants B of A jury trial; David Einhorn and Bill Ackman placing short bets; Vikram Pandit breathing easier?; Lessons for Pay Czar; Goldman: Unemployment rate to 10.5% by end of ‘10?; Pimco, Baupost said to bail on CIT Bondholder committee; Ex Deutsche Bankers starting distressed fund; GM falling short of goals?; Volkswagen sees auto recovery a long way off

Posted by WSF On October - 8 - 2009

BofA to face 12 angry taxpayers in trial: SEC
Selling US short
Citigroup’s Pandit Said to Receive Positive Review From Egon
No longer a Vik-tim (Ed: Gotta love the Post’s headlines!)
In Merrill’s Failed Plan, Lessons for Pay Czar
JPMorgan, Goldman Profit Probably Rose as Citigroup Lost Again
Frank’s Plan Criticized As Too Lax Read the rest of this entry »

Tags: Bank of America; SEC, Baupost, Bill Ackman, Citigroup, Compensation, Czars, David Einhorn, GM, Goldman Sachs, Greenlight Capital, Hedge funds, JP Morgan, Merrill Lynch, Pershing Square Capital, Pimco, Short selling, Vikram Pandit

WSF

U.S. claims “direct proof” against ex-Bear Stearns hedge fund managers; G-20 pay limits would hurt Citi and B of A most; Ohio may go after B of A for billions over Merrill deal; SEC looking at new securities lending rules; UBS chief forecasts its own health; John Paulson mulling merging CIT with IndyMac; JPM Inv banking co-CEO leaving; Stanford moved to new digs after scuffle; AIG’s Cassano is back in U.S.

Posted by WSF On September - 29 - 2009

U.S. Says It Has ‘Proof’ of Crimes by Cioffi, Tannin
Banker-Pay Limits May Hurt Most at Citigroup, Bank of America
BofA Sued by Funds Over Merrill
FDIC Prepayment Likely for Banks
SEC Weighs New Rules for Lending of Securities
UBS chief forecasts return to health in a year
Paulson’s plan
JPMorgan’s Winters to Leave; Staley Will Run Investment Bank
Cassano is back in US
BNP Paribas To Reimburse Aid With Rights Issue Read the rest of this entry »

Tags: AIG, Allen Stanford, Bank of America, Bear Stearns, CIT, Citigroup, John Paulson, JPM, Paulson & Co, SEC, Short selling, UBS

WSF

Sounds like short sellers could get screwed under new SEC proposal; Swiss government to sell UBS Stake?; Executive pay case goes to SCOTUS; New $AIG CEO gets salary of $6,999,999 more than his predecessor Credit Suisse broker convicted; Cash for Clunkers: Toyota passes GM; GM adding shifts; Terminator producers sue hedge fund; Spielberg gets $$$ for new studio

Posted by WSF On August - 18 - 2009

S.E.C. Floats a Short-Selling Proposal
Swiss government ready to sell UBS stake: report
Supreme Court to Hear Case on Executive Pay
Fed Says Banks Tightened Lending in Second Quarter
Stanford warnings ignored, US senators are told
Benmosche Gets $7 Million Salary to Take on AIG Turnaround Task
Jury Finds Butler Did It Read the rest of this entry »

Tags: AIG, Allen Stanford, Autos, Credit Suisse, Fed, GM, SEC, Short selling, Supreme court, UBS

WSF

Not so fast: B of A $33M SEC settlement on hold, judge refuses to OK it; Merrill Brokers said to be wary of Krawcheck and the constant shakeups are taking a toll; Business as usual at Goldman; AIG breakup fee-ding frenzy; FNM, FRE makeovers?; SEC may re-open short selling comments, delay changes; Another Obama poll cites approval declining; Murdoch papers to charge for online by ‘10?

Posted by WSF On August - 6 - 2009

Judge refuses to approve BofA-Merrill settlement
Behind BofA’s Silence on Merrill
Sallie In The Bull Ring
Shakeup at BofA intensifies employee anxiety
Despite Bailouts, Business as Usual at Goldman
Goldman Sachs Is Cooperating With Inquiries on Swaps
AIG Breakup Is Fee Bonanza
U.S. Considers Remaking Mortgage Giants Read the rest of this entry »

Tags: AIG, Bank of America, Barack Obama, Cisco, Fannie Mae / Freddie Mac, Goldman Sachs, Sallie Krawcheck, SEC, Short selling

WSF

More Goldman Sachs love from Maxine Waters, Ron Paul as they question the Fed in a letter; Michael Lewis on Goldman bashing; Loan officer claims Dodd knew he got ‘friend of Angelo deal; SEC short sale rules; UBS suspending U.S. sales of leveraged ETFs; Japan banks on the wrong side of CDS trades; $165B commercial loans coming due; Kerviel’s lawyer reaffirms that SocGen knew of his ‘rogue’ trades; Pang pleads not guilty; Delphi creditors win

Posted by WSF On July - 28 - 2009

Congress Debates Onus For Goldman Bonus
Bashing Goldman Sachs Is Simply a Game for Fools: Michael Lewis
Loan Officer: Dodd Knew He Got VIP Deal
SEC Moves To Limit Short Sales Of Stocks
UBS Brokerage Suspends U.S. Sales of Leveraged ETFs
Nomura May Report First Profit Since 2007, Led by Trading
Almost $165 Billion in Commercial Loans Due in ‘09
Kerviel Lawyer Says SocGen Knew of Trading Positions Read the rest of this entry »

Tags: AIG, CDS, Goldman Sachs, Interest Rates, Jerome Kerviel, Nomura, Politics, Rogus Traders, SEC, Short selling, UBS