Recent Fully Deluded News
Just Buy On The Dips, Right?
Posted from Dealbreaker 9 hours ago
Fully Deluded : Hedgie
Given that the Russian exchanges hit their circuit breakers earlier today following a 15% plunge, I suppose it's not surprising that markets took one on the temple right off the bat. S&P 500 futures had a 1-2% drop figured since they opened yesterday at 6:00 pm, but that didn't stop the actual inde... (original story)
Waxman Waxes Fuld: The Liveblog
Posted from Dealbreaker 9 hours ago
Fully Deluded : Hedgie
Yep, sure enough. It looks like Waxman is going to be taking our newly reclusive Dick Fuld. Provided my connection holds, I will be delivering all the gritty details right here. Stay tuned. 10:06: As usual these things gavel in late. For awhile there I was afraid I was going to have to listen t... (original story)
Citi (Might Be) Upping Bid
Posted from Dealbreaker 10 hours ago
Fully Deluded : Hedgie
CNBC is reporting that a senior official from Citi said the bank is considering bidding for all of Wachovia, as opposed to just the banking operations, which was the gist of the previous deal. (original story)
The Single Best Investment EVER
Posted from The Big Picture 10 hours ago
Fully Deluded : Market
http://www.msnbc.msn.com/id/21134540/vp/27045406#27015995 http://www.msnbc.msn.com/id/27045699/ (original story)
Neel Kashkari: Seven Hundred Billion Dollar Baller
Posted from Dealbreaker 10 hours ago
Fully Deluded : Hedgie
I don't care how many zeros you had on your Schedule K-1 form last quarter, it doesn't get even remotely close to the ballerishness implicit in wielding so many blank checks with the logo of the United States Treasury in the upper left hand corner that one checkbook (and we are talking about the lea... (original story)
Dick Fuld: "You Know What I Did This Week? I French Kissed A Homeless Man For An Egg McMuffin."
Posted from Dealbreaker 10 hours ago
Fully Deluded : Hedgie
I'm sure I don't have to remind any of you that today is Dick Fuld Day and we are all so excited we can barely keep our legs crossed. The Gorilla is set to testify before Congress in a hearing led by Representative Henry Waxman (D-CA), the chairman of the U.S. House of Representatives Committee on... (original story)
A busy weekend
Posted from Over the Counter 10 hours ago
Fully Deluded : Market
...which saw the Fortis bank deal collapse and then recover, leaving BNP holding the reins - and creating a €10 billion toxic waste SPV... ... and saw the US bailout finally pass the House - and have apparently no impact... (original story)
I'll See Your New York Supreme Court Judge, And Raise You A Federal District Court Judge
Posted from Dealbreaker 15 hours ago
Fully Deluded : Hedgie
No, we're not kidding. Wells Fargo apparently found a sympathetic ear in U.S. District Judge John Koeltl, a former Watergate prosecutor and Clinton appointee. Backatcha, Citi! U.S. District Judge John Koeltl late Sunday blocked an order by New York State Supreme Court Justice Charles Ramos issued late Saturday at the request of Citigroup Inc. The New York bank announced on Sept. 29 that it had received federal government backing to acquire the banking assets of Wachovia Corp. for $2.1 billion, or the equivalent of about $1 a share. Interesting times. And if that's not enough drama, the W... (original story)
BofA Gives Details on Loan Modification Program
Posted from Paul Kedrosky's Infectious ... 16 hours ago
Fully Deluded : Techno
Nice to see that the Feds aren't the only ones bailing people out. Tonight I see a release from BofA wherein it essentially bails itself out itself via a $8.4-billion mortgage modification program for people with home mortgages obtained through its Countrywide subprime subsidiary. Granted, it did this at the urging of various state Attorneys General, but still. The centerpiece of the program is a proactive loan modification process to provide relief to eligible borrowers who are seriously delinquent or are likely to become seriously delinquent as a result of loan features, such as rate res... (original story)
Where and How am I Investing in Early-Stage Today?
Posted from Information Arbitrage 16 hours ago
Fully Deluded : Market
Much has been written recently about VC and start-up angst in the wake to today's - and likely tomorrow's - poor market conditions. Some analysts, myself included, see this malaise possibly lasting well into the next decade. Albert Wenger wrote... (original story)
Oversight In Action, For Two Days Only, Buy Your Tickets Now!
Posted from Dealbreaker 16 hours ago
Fully Deluded : Hedgie
Friday, October 03, 2008 Corporate Accountability Committee to Hold Hearings on Collapse of Lehman Brothers and AIG Chairman Henry A. Waxman announced that the Oversight Committee will hold two days of hearings to examine the regulatory mistakes and financial excesses that led to the bankruptcy filing by Lehman Brothers and the government bailout of AIG. "Lax oversight and reckless investments on Wall Street are causing massive disruption throughout our economy," said Chairman Waxman. "Our hearings will examine what went wrong and who should be held to account." The Committee's scheduled Se... (original story)
Challenger and the Trouble with Value-At-Risk
Posted from Paul Kedrosky's Infectious ... 16 hours ago
Fully Deluded : Techno
Lots of people are newly smart and chattering away about the essential stupidity of value-at-risk modeling. Oh, those dumb financial engineers, they keep saying, How stupid do you have to be to imagine that the real world would conform to a mere formula? Ho-ho. The trouble is, value-at-risk -- a statistical measure of financial losses your portfolio faces given various holdings and market conditions -- actually worked well for some time. It isn't that it was dopey and didn't work; it's that it made some logical and theoretical sense and approximated the real world fairly well -- right up unt... (original story)
Intelligent Life At NBC! SNL Clips On YouTube And Not Shafting Hulu
Posted from Silicon Alley Insider 16 hours ago
Fully Deluded : Techno
We were looking for that SNL "CSPAN" clip in which the billionaire husband and wife who sold Wachovia the "pick-a-pay" mortgage lending disaster Golden West were described as "people who should be shot." (below) So, naturally, we started at YouTube. And of course we found the clip immediately. And, lo and behold, we also found that it had been uploaded by NBC (we assume) and was really just a clever ad for the NBC.com site where the video was available in a larger format in HD (see graphic below). So we quickly tipped our hat to the new signs of intelligent life at NBC. And then it got even ... (original story)
No Credit Crisis, Thanks. We're Australian.
Posted from Paul Kedrosky's Infectious ... 16 hours ago
Fully Deluded : Techno
There is a true keeper of a gloating column in Monday's Wall Street Journal from an Australian journalist explaining how wonderful, sound, and profitable her country's banks are, and how Australians long ago figured out that not everyone needs a home, etc. etc. Really. That's fascinating. She should, me-thinks, pay a little more attention to the capital structure of her own banks. Sure, they carry AA ratings, which is nice, but ratings are made to be broken. Specifically, there are two risks in Australian banks. First, they depend far too much on wholesale funding. Something like 60 percent ... (original story)
The Promise and Peril of Comprehensive Deposit Insurance
Posted from Paul Kedrosky's Infectious ... 16 hours ago
Fully Deluded : Techno
With Germany and Ireland now having more or less made explicit 100% guarantees for all deposits, many people are wondering who's next in the face of the current credit crisis. Will it be the U.S., which only has about 64% of deposits insured, even at the new $250,000 limits? (Note that some of this is high net-worth sorts, but much of it is interbank lines between foreign institutions and U.S. banks. In other words, if it decided to move, much of it could move in a hurry, neatly making the U.S. banks insolvent.) My friend Nouriel Roubini argues that the U.S. needs to temporarily extend deposi... (original story)
dominator
cocopuffs
Econoblogosphere: Finance News and Finance Blogs
Patent Law: Exclusive Rights
Outsourcing Philippines: News, Articles, Blogs
Outsourcing India: News, Articles, Blogs
Housing Market
Call Center Industry: News and Information and Blogs
Cheese Industry: News and Information, Articles and BlogsChocolate Industry: News and Information, Articles and BlogsCoffee Industry: News and Information, Photos, Blogs and ArticleCandy Industry: News and Information, Articles and Blogs