All Posts Tagged With: "Investment Banks"
SEC Probes Phony Bond Credit Ratings
From Bloomberg:
A U.S. Securities and Exchange Commission investigation into credit-rating companies found the firms improperly managed conflicts of interest and violated internal procedures in granting top rankings to mortgage bonds.
Kiss Your Gas Goodbye
A week that saw the war on taxpayers expand onto to several new fronts also saw US Senate Republicans win a pitched procedural battle to keep gas at the pump grossly inflated.
Why Mark-to-Market is Bad News for Shareholders
“When I use a word” said Humpty Dumpty in Lewis Carroll’s “Through the Looking-Glass,” “it means just what I choose it to mean, neither more nor less.” It has always been the ambition of Wall Street to bring its financial statements under a similar type of discipline.
Swapping out Commodities
The Commodity Futures Trading Commission announced yesterday that they are looking very hard at possibly closing a regulatory loophole that allowed some extremely large commodity index funds to get around position limits.
That Pain You Feel at the Pump is From a Dollar Crisis, Not an Oil Crisis
It’s unfortunate that the U.S. Supreme Court, in its ruling last week that U.S. currency is unfair to the blind, did not make the next logical step and declare it unfair to everyone who buys gasoline.
The Worst Is Not Over
Dan Amoss thinks he’s found the next culprit. And this isn’t just a gut feeling, there’s real evidence here. Is the worst behind us? Dan doesn’t thinks so.
Major Lending Pullback Predicted by Maverick Wall Street Analyst Could Have Dire Implications for U.S. Economy
Oppenheimer & Co. (OPY) analyst Meredith Whitney’s reputation has soared like a skyrocket since she made her bearish - but highly prescient - call on the banking sector, including Citigroup Inc. (C), as Money Morning reported last fall.
Credit Crisis: Citi Slashes Outlook for Wall Street Banks
Citigroup has slashed its earnings outlook for Wall Street investment banks Goldman Sachs Group, Lehman Brothers Holdings and Morgan Stanley because of a tough operating environment, according to a report by Thomson Reuters.
The second quarter has seen lower client-related trading volumes, little banking activity, losses related to ineffective hedging and reversals of gains on fair valuing liabilities, [Citigroup analyst] Prashant Bhatia wrote in a note dated May 16.
The Biggest Growth Story of the Next 50 Years
If you didn’t get a chance to read Saturday’s email, you won’t have seen what my trusted colleague, Manraaj, calls “the biggest growth story of the next 50 years”.
Jim Rogers Sees More Pain to Come While Warren Buffett’s Housing Expert Sees Rebound Under Way
When asked about their outlook for the crisis-ridden U.S. housing and financial-services markets, two U.S. financial experts provided outlooks that completely contradicted one another - once again underscoring how tough it is for investors to predict when the U.S. economy will turn around.
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