My only reaction to the Wall Street Journal headline is, “What else is new?” Maybe the editor was thinking the same thing, only can’t say it? As I read the tweets of the mainstream journalists on Twitter, it is clear that they are personally far more cynical then their work for “The Man” reflects. But…
Tag Archive for Repercussions
Latest Business Headlines
Fidelity, Knight problems add to Nasdaq’s Facebook woes | Reuters
by Newswires • • 0 Comments
The repercussions from Facebook’s botched initial public offering deepened on Thursday as Fidelity Investments found itself dealing with “thousands” of customers with order problems and Knight Capital demanded tens of millions of dollars in compensation from Nasdaq for trading-related losses. The pressure on Nasdaq in particular was intense, not only from investor lawsuits and angry…
Latest Business Headlines
Greek euro exit looms as G8 gathers- Full Story
by Newswires • • 0 Comments
(via AFP) World leaders will huddle at Camp David Friday with the focus on Greece as it stumbles toward a possible eurozone exit that would hold wildly uncertain repercussions for the global economy. Leaders from the Group of Eight industrialised nations will gather at the history-imbued US presidential retreat…
Contributors- Economic and Financial, Must Read, William Black
William K. Black on Financial Fraud
by New Economic Perspectives • • 0 Comments
William K. Black talks with EconTalk host Russ Roberts about financial fraud, starting with the Savings and Loan debacle up through the current financial crisis. Black explains how bank executives can use fraudulent loans to inflate the size of th…
Bears Chat, Best of the Forums
Margin Call – treatise on how to screw your partners
by Bears Chat at The Wall Street Examiner • • 0 Comments
It was the risk model, an inherent flaw discovered after the fact but in time enough to pass the bag onto others. This is the big one’ says one chieftan, ‘just the start, most of us won’t make it past next week. This will destroy the firm. But what oth…
Bears Chat, Best of the Forums
Bubble, Crash, Bubble, Crash, Bubble….
by a Wall Street Examiner •
If only it weren’t so freakin’ predictable…..
Bubble, Crash, Bubble, Crash, Bubble …
We will continue this cycle until we catch on. The problem isn’t only that the Fed is treating the symptoms instead of the disease. Rather, by irresponsibly…
Liquidity Trader, Professional Edition
Fed’s Intended Consequences – Professional Edition
by Lee Adler • • 0 Comments
The Fed ratified the market’s judgment on rates today, as it always does. The Fed does not set rates. It simply follows the market. This comes as no surprise to readers of this report. Fed Funds have traded below 0.25% since December 4. Since the Fed does not want to appear irrelevant, it acts as…
