Recent Fully Deluded News
The House bailout countdown
Posted from TIME.com: The Curious Capit... 3 days ago
Fully Deluded : Market
The House is expecting to vote on the big bailout (oh, sorry, rescue) bill around 12:30. Jay Newton-Small has a story up on TIME.com explaining that the fiscal-conservative Blue Dog Democrats in the House, who mostly supported the bill on its first go round but are ticked off at all the junk the Sen... (original story)
Bank Default Risk Catastrophic, Down From Apocalyptic
Posted from Paul Kedrosky's Infectious ... 3 days ago
Fully Deluded : Techno
New chart out from the good folks at Bespoke showing that post-bailout credit default swaps on the banks and brokers have declined to merely catastrophic levels, down from apocalyptic earlier in the week. Whew! (original story)
SEC Lets Yahoo Keep Mum On Google Deal Details (YHOO, GOOG)
Posted from Silicon Alley Insider 3 days ago
Fully Deluded : Techno
What are Yahoo (YHOO) and Google (GOOG) keeping secret about their search advertising pact? They're not saying, and the SEC won't make them for at least 3.5 years. In their quarterly filing with the SEC on August 8, Yahoo supplied a copy of their proposed search deal, but then went ahead and redacted most of it. You can see for yourself: Everyone one of those asterisks "Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions." Today, the S... (original story)
Black Friday At Gawker Media: 19 Layoffs At Blog Network
Posted from Silicon Alley Insider 3 days ago
Fully Deluded : Techno
Two weeks ago, Nick Denton hosted a party on the top of his newish Gawker offices, where he told us he was "disaster planning." Here's what that looks like: He's laying off 19 people at his network of 12 sites, but is doubling down at some of his stronger titles, where he will bring on 10 people. He will also suspend his controversial page view bonus plan for his remaining writers at the beginning of next year. Among those cut: Three of Valleywag's 5 staffers. Among those hired: Longtime media reporter Gabriel Snyder, who wil replace Denton as Gawker.com's managing editor. In typical Denton st... (original story)
Media Appearance: Power Lunch (10/03/08)
Posted from The Big Picture 3 days ago
Fully Deluded : Market
> I will be on Powerlunch from 1 to 2, discussing the bailout/rescue plan, recent mergers, and all things finacial crisis related. 1. It looks as if this plan will squeak through the house, thanks to the sweeteners -- and a healthy dollop of fear; 2. The thinking seems to be that a poorly thought ou... (original story)
SPX Comparison: 1982-87 vs 2002-08
Posted from The Big Picture 3 days ago
Fully Deluded : Market
At last night's podcast, I mentioned the differences between 1987 and 2007, given the net gains pre- and post- crashes. I specifically mentioned that an SPX buyer in 1982 was better off six years later than an SPX buyer in 2002 six years later. Several people have challenged me on this (why?). A qui... (original story)
Write-Offs: 10.03.08
Posted from Dealbreaker 3 days ago
Fully Deluded : Hedgie
Here's the deal people who've gotten used to 24/7 updates. I'm going to a wedding this weekend and will for the most part be otherwise occupied through late Sunday night BUT I'm bringing my laptop so if Vikram Pandit throws a hissy fit or something you can email me at bess at dealbreaker dot com bu... (original story)
Dead Search Engine Accoona Officially Dead
Posted from Silicon Alley Insider 3 days ago
Fully Deluded : Techno
Don't say we didn't tell you so. Accoona, the search engine no one had ever heard of, is gone. The company's history reads like is a comedy of errors. When we first heard about the money-losing Jersey City-based startup filing for IPO last year, our impulse was to run away screaming. Things only got... (original story)
CNN: We're Talking To The SEC, But We're Not Rethinking This Whole "User Generated Content" Idea (AAPL)
Posted from Silicon Alley Insider 3 days ago
Fully Deluded : Techno
Here's CNN's statement about the Steve Jobs heart attack story that appeard on its iReport this morning: iReport.com is an entirely user-generated site where the content is determined by the community. Content that does not comply with Community Guidelines will be removed. After the content in question was uploaded to iReport.com, the community brought it to our attention. Based on our Terms of Use that govern user behavior on iReport.com, the fraudulent content was removed from the site and the user's account was disabled. Meanwhile, the company confirms with Bloomberg that it is talking to... (original story)
Google And Yahoo Blink, Put Brakes On Search Deal
Posted from Silicon Alley Insider 3 days ago
Fully Deluded : Techno
Earlier this fall, Google's Eric Schmidt insisted he was going ahead with the Yahoo search deal with or without approval from the Feds. That pose seemed less convincing when both Google and Yahoo launched PR campaigns aimed at convincing the Feds that they really shouldn't worry about the search deal. And it seems even less convincing now. Kara Swisher: Yahoo and Google have agreed to delay their online search ad partnership to give the Justice Department more time to evaluate the deal. A Yahoo (YHOO) spokesman confirmed the move in a statement: 'The companies have agreed to a brief delay in i... (original story)
Updated: Musings About the Next Six Months, Post-TARP
Posted from Paul Kedrosky's Infectious ... 3 days ago
Fully Deluded : Techno
So let's say that TARP passes todaythe TARP bailout package has passed the U.S. House of Representatives. I could be wrong, but that seems reasonably likely (although some disagree). What happens next? Credit My guess is that things settle down slightly in the credit markets, but that spreads remain gigantic, with destructive rates to the best borrowers, virtually zero lending to the worst, and interbank rates in nosebleed territory. The Fed will respond with more rate cuts, taking things to Japanese zero rate territory and more or less leaving it there. That won't change the problems... (original story)
Goldman Sachs Says Fed Will Cut Rates By 100 bps
Posted from Dealbreaker 3 days ago
Fully Deluded : Hedgie
The next meeting is scheduled for October 29 but there's also that rumor you've probably heard that there will be a coordinated global rate cut next week. Beard, can we get confirmation? (original story)
Diversions: Gems, Tunnels, and Religion
Posted from Paul Kedrosky's Infectious ... 3 days ago
Fully Deluded : Techno
Some quick links to a few non-market things on this busy Friday after a crazy week: Photos: The sapphire mines of Madagascar (Boston Globe) Auto-correlation among car traffic in tunnels (arXiv) The evolutionary diversification of religions (arXiv) 25 years of conventional data analys... (original story)
Citi Is Mad As Hell And They Are Not Going To Take It Anymore
Posted from Dealbreaker 3 days ago
Fully Deluded : Hedgie
Sure, there is that whole exclusivity thing, and Wells Fargo's lawyers are "looking over the various papers," but, damnit, Citi, why not just outbid them too? Call it, a hedge. Call it, a two pronged attack. Call it, the second front. Front one, lots of lawyers paid lots of money to enforce what... (original story)
More bailout questions, more sort-of answers
Posted from TIME.com: The Curious Capit... 3 days ago
Fully Deluded : Market
My attempt to answer a reader's long list of questions about the bailout has been condensed into an article in the new TIME (with the soup line on the cover). Barbara also has a piece in the magazine about current consumer credit conditions, which is also condensed from something that ran first onli... (original story)
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