| Tue, Nov 24, 2009 |
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Guest Post: Goldman Sachs Responds To The New York Times
Pulitzer Prize winner Gretchen Morgenson of the New York Times wrote a must read article (“Revisiting a Fed Waltz with AIG,” November 21, 2009) on Sunday in which she recaps salient points from the November 17, 2009 report of the Office of the Special Inspector General (Neil Barofsky) for the Troubled Asset Relief Programs, “Factors Affecting Efforts to Limit Payments to AIG Counterparties,” and wrote: [More...]
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| Fri, Nov 06, 2009 |
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Wells Fargo (WFC) Kicks The Can By Transofrming Option ARM Mortgages Into Interest Only
If you are not familiar with what an option ARM mortgage is, read this piece (Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs?)). I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest only mortgages? Yep I knew about those. [More...]
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| Thu, Nov 05, 2009 |
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Convertible Bond ETF: Beats the Market, Only Gets Dangerfield-Like Respect
I track portfolios using software on my computer network and I use web-based applications. I even use simple tools like Yahoo Finance for instantaneous access to data. Yet Yahoo Finance has an inexplicable quirk when it comes to the SPDR Barclays Capital Convertible Bond Fund (NYSE: CWB). If you set up a portfolio with CWB in it, you'll often get a message, "No Such Ticker Symbol." It's been that way for 6 solid months, ever since the fund's inception.
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| Fri, Oct 30, 2009 |
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Does Ben Bernanke Have The Facts Right On Banking?
Ben Bernanke, chairman of the Federal Reserve, has stayed carefully on the sidelines while a major argument has broken out among and around senior policymaking circles: Should our biggest banks be broken up, or can they be safely re-regulated into permanently good behavior? (See the recent competing answers from WSJ, FT, and the New Republic). [More...]
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| Tue, Oct 27, 2009 |
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Is Citi (C) Being Forced To Downsize By Obama?
It seems that not a day goes by when you don’t hear about some asset sale in Citigroup’s far-flung empire. Of all the major too-big-to-fail institutions, it is easily the most troubled: the poster child for everything that is wrong in finance in America. [More...]
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