Tag Archive for Hedge Funds

JPMorgan Debacle Points to Regulatory Incompetence, Corruption – CNBC

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…

Facebook’s IPO Already Happened – Several Months Ago on Secondmarket | Daniel Gross – Yahoo! Finance

Back in the day, when a hot company with scale and a lot of interest came along, there was nowhere for investors to express their enthusiasm about a company until the IPO officially happened. SecondMarket has changed that. The company manages periodic share-sale programs for privately held companies, and has emerged as an exchange where…