Wall Street Journal (blog)Facebook IPO performance leaves many in unfriendly moodMilwaukee Journal SentinelThe fact that Facebook's IPO underwriters made $100 million on the deal while investors lost more than half a billion dollars might explain s…
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JPMorgan Debacle Points to Regulatory Incompetence, Corruption – CNBC
by Newswires • • 0 Comments
By: Peter Morici President Obama is shameless to cite J.P. Morgan’s $3 billion trading loss as evidence banks need more regulation. More accurately, both may need more of a conscience, and the debacle raises serious questions about incompetence and corruption at the Federal Reserve, Treasury’s Comptroller of the Currency and Obama White House. Those two agencies…
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2 Banks Scoring Big on JPMorgan’s Fumble – DailyFinance
by Newswires • • 0 Comments
New York Times2 Banks Scoring Big on JPMorgan's FumbleDailyFinanceJPMorgan Chase's (NYS: JPM) now infamous trading loss in the derivatives market has cost the bank at least $2 billion dollars, with some estimates reaching as high as $5 billion….
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Dear Diary: Mark Zuckerberg’s thoughts on the Facebook IPO – National Post
by Newswires • • 0 Comments
Telegraph.co.ukDear Diary: Mark Zuckerberg's thoughts on the Facebook IPONational PostThe thoughts of Mark Zuckerberg over the past week of the Facebook IPO as imagined by Tristin Hopper Monday Twenty billion dollars and a new Mrs. Zuckerberg by my…
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The JPMorgan Disaster: A Great Buying Opportunity, Just Not In JPMorgan – Seeking Alpha
by Newswires • • 0 Comments
ForbesThe JPMorgan Disaster: A Great Buying Opportunity, Just Not In JPMorganSeeking AlphaToday, with JPMorgan's (JPM) nearly 2 billion dollar loss already made public, and many analysts already projecting the loss has grown to between 6-7 billion …
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Facebook IPO With ~10 Billion War Chest Could Just Buy Apple And Grow – Forbes
by Newswires • • 0 Comments
Globe and MailFacebook IPO With ~10 Billion War Chest Could Just Buy Apple And GrowForbesThe Facebook IPO will deposit somewhere between six and 20 billion dollars into cash. Facebook could ignore all the naysayers (about how this IPO is the most fooli…
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Mr. Parasite Goes To Washington
by Cody Penn Dent • • 6 Comments
We all know the story. An energetic, successful person from industry sets off to use his skills as a reform minded public servant. Voters’ imaginations are captured by the opportunity to have someone of proven ability transform government, forge better policy and make it more effective at spending our resources. Now we know the sadistically…
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Big Banks Plead With Customers Not To Move Their Money
by Bears Chat at The Wall Street Examiner • • 0 Comments
Yes, The Big Banks DO Care If We Move Our Money
650,000 customers moved $4.5 billion dollars out of the big banks and into smaller banks and credit unions in the last month.
But there is a myth making the rounds that the big banks don’t really ca…
Bears Chat, Best of the Forums
What’s a Rogue Trader?
by Bears Chat at The Wall Street Examiner • • 0 Comments
A London-based trader named Kweku Adoboli at the Swiss bank UBS was arrested Thursday after being accused of “going rogue” and costing his company an estimated $2 billion. What’s a rogue trader?
Someone who makes trades that haven’t been authorized…
