Monthly Archives: April 2010

The Importance of Fabrice Tourre – DealBook Blog – NYTimes.com

The Securities and Exchange Commission’s civil suit against Goldman Sachs is notable for including only one individual, Fabrice Tourre. Mr. Tourre was only about 29 at the time of the Abacus transaction that the S.E.C. cited and was a mid-level … Continue reading

Posted in Uncategorized | Comments Off on The Importance of Fabrice Tourre – DealBook Blog – NYTimes.com

Op-Ed Contributor – How Wall Street Became a Giant Casino – NYTimes.com

WHILE the Securities and Exchange Commission’s allegations that Goldman Sachs defrauded clients is certainly big news, the case also raises a far broader issue that goes to the heart of how Wall Street has strayed from its intended mission. via … Continue reading

Posted in CDSs, Companies | Comments Off on Op-Ed Contributor – How Wall Street Became a Giant Casino – NYTimes.com

Talking Business – Bet Dreamed Up by Wall Street Made Crisis Worse – NYTimes.com

Every time you pick up another rock along the winding path that led to the financial crisis, something else crawls out. Subprime mortgages were sold as a way to give low-income people a chance at homeownership and the American Dream. … Continue reading

Posted in CDSs | Comments Off on Talking Business – Bet Dreamed Up by Wall Street Made Crisis Worse – NYTimes.com

UBS Investor Guide – Reengaging in a Higher Risk World

Download 2010-4-11 Reengaging in Higher Risk World

Posted in Market Forecasts, Stock Trak | Comments Off on UBS Investor Guide – Reengaging in a Higher Risk World

Investor Who Made Billions Not Targeted in Goldman Suit – NYTimes.com

Related S.E.C. Accuses Goldman of Fraud in Housing Deal (April 17, 2010) Talking Business: A Wall Street Invention Let the Crisis Mutate (April 17, 2010) DealBook: Bove: Time to Clean House at Goldman (April 16, 2010) DealBook: S.E.C. Inquiry May … Continue reading

Posted in CDOs, Companies, Hedge Funds | Comments Off on Investor Who Made Billions Not Targeted in Goldman Suit – NYTimes.com

S.E.C. Sues Goldman Over Housing Market Deal – NYTimes.com

Goldman Sachs, the Wall Street powerhouse, was accused of securities fraud in a civil lawsuit filed Friday by the Securities and Exchange Commission, which claims the bank created and sold a mortgage investment that was secretly intended to fail. via … Continue reading

Posted in Uncategorized | Comments Off on S.E.C. Sues Goldman Over Housing Market Deal – NYTimes.com

Michael Jordan and Calculus

NYT: Change We Can Believe In Wonderful discussion of calculus, rates of change, and 10 best Jordan dunks.

Posted in Career Advice | Comments Off on Michael Jordan and Calculus

Mauldin on Credit Default Swaps

Download 2010-4-09 John Mauldin e-letter Credit Default Swaps Threaten the System We will get into banks being too big to fail in a minute, but the first problem to be dealt with is credit default swaps. What happened in the … Continue reading

Posted in CDSs | Comments Off on Mauldin on Credit Default Swaps

Interest Rates Have Nowhere to Go But Up

NYT: Consumers in U.S. Face the End of an Era of Cheap Credit That, economists say, is the inevitable outcome of the nation’s ballooning debt and the renewed prospect of inflation as the economy recovers from the depths of the … Continue reading

Posted in Economy | Comments Off on Interest Rates Have Nowhere to Go But Up

Why Main Street Doesn’t Trust Wall Street

C'mon guys.  Stop monkeying with the books. Major banks have masked their risk levels in the past five quarters by temporarily lowering their debt just before reporting it to the public, according to data from the Federal Reserve Bank of … Continue reading

Posted in Investment Banking | Comments Off on Why Main Street Doesn’t Trust Wall Street