Business Culture and Current Events Archive

Mega-Banks Increasing Market Share; The Economy Of Pull

The financial-overhaul bill that will be signed into law by President Barack Obama on Wednesday won't address one of the most far-reaching consequences of the recent crisis: Market power is concentrating in the hands of ...
Posted by Greg Feirman  ·  1 Comment »

Buffett Receives Subpoena To Testify On Credit Rating Agencies Tomorrow

When Warren Buffett testifies before the Financial Crisis Inquiry Commission Wednesday, it will be because he was subpoenaed.  If you don't know how a subpoena works, this one begins with capital letters, "YOU ARE HEREBY ...
Posted by Greg Feirman  ·  No Comments »

Buffett Biographer Schroeder Rips Buffett, Annual Meeting

Alice Schroeder, author of the recent biography The Snowball: Warren Buffett And The Business of Life (2008), harshly criticized Buffett and the annual meeting on two counts in a piece yesterday for Bloomberg: "Buffett Turns Into ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: Pilgrimage To Omaha

NOTE: Every week I write a Client Note for my clients.  For a limited time, I am allowing non-clients to sign up and receive the Client Note.  You can sign up at the top right ...
Posted by Greg Feirman  ·  No Comments »

Barry Ritholtz Strongly Defends SEC’s Suit Against Goldman

April 28, 2010  ·  Category: Blogs, Business Culture and Current Events, Politics, SEC, Stocks
Barry Ritholtz of The Big Picture has been out in force lately defending the SEC's case against Goldman.  It started last Friday with this post: "10 Things You Don't Know (Or Were Misinformed) About The ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: Blowout Earnings Overshadowed by SEC Suit Against Goldman

NOTE: Every week I write a Client Note for my clients.  For a limited time, I am allowing non-clients to sign up and receive the Client Note.  You can sign up at the top right ...
Posted by Greg Feirman  ·  2 Comments »

The Story Of Duane Reade

February 23, 2010  ·  Category: Business Culture and Current Events, Private Equity, Stocks
Andrew Ross Sorkin has a wonderful piece on the story of Duane Read, the Manhattan based drug store chain with 257 stores in the New York Area that was acquired by Walgreen's (WGN) last Wednesday, ...
Posted by Greg Feirman  ·  No Comments »

Peter Goodman Revisits Cape Coral, FL

We're not in a recession.  We're in a depression. - Bobby Mahan, a local real estate broker Two years ago, Peter Goodman wrote an award winning piece on the real estate bust in Cape Coral, FL: "This ...
Posted by Greg Feirman  ·  1 Comment »

WSJ Documents Crisis And Leviathan, 2009

The frontier between the state and market has shifted.  The realm of the state has been enlarged. - Daniel Yergin, author of 1998's The Commanding Heights which chronicled the ascent of free market forces starting in ...
Posted by Greg Feirman  ·  No Comments »

WSJ Front Page: GE Pursues Pot Of Government Stimulus Gold

The government has moved in next door, and it ain't leaving.  You could fight it if you want, but soceity wants change.  And government is not going away. - Jeff Immelt, CEO, General Electric, in June ...
Posted by Greg Feirman  ·  No Comments »