“Why, then, is his document circulating? ….. To me, his paper seemed like a selling document in the real Wall Street sense of selling – namely, selling short. …… Here is my humble hypothesis …. : Is it possible that…
“This is a private sector effort, involving no government money; so some may ask ‘Why are these government officials here today?’ We are here because we all know that it is in everyone’s interest – homeowner, servicer, investor – to…
This is really funny and well done: “Here Comes Another Bubble” (YouTube Video)(via The Big Picture). Catchy line: “It’s a monster rally….. All across the valley.” Also good: “Blog blog blog it all…. Blog it if it’s big or small…..Blog…
“If you put a thousand people in barrels and push them over Niagara Falls, some of them will survive. And if you take those guys and push them over again, some of them will survive. And they’ll write books about…
“I think the world of her. She’s bold and she nails it.” – A multi billion dollar portfolio manager “Meredith is not afraid to say what she thinks. I think her call on Citi was dead on. She stripped the…
Citigroup (C) just announced that they are selling a $7.5 billion stake to the sovereign wealth fund of Abu Dhabi, one of the United Arab Emirates. The stake is in the form of equity units which are “mandatorily convertible” into…
Today, Och-Ziff Management (OZM), a hedge fund company, began trading on The New York Stock Exchange. The company sold 36 million shares, about 10% of the company, to the public at $32 a share. Shares are currently down about 5%…
I read on WSJ.com this morning that Murdoch plans to make WSJ.com free because doing so would increase readership from 1 million to 10-15 million worldwide, attract big advertisers and be more profitable (subscription required – not for long!!!). But…
Last night, Sotheby’s (BID), the publicly traded auctioner of fine art, held its Modern and Impressionist Art auction in New York City. It didn’t go well. Of the 76 artworks up for sale only 56 sold. Total sales were $270…
Interactive Corp. (IAC), the massive conglomerate of incongruent retailing, travel and internet companies such as Ticketmaster, Lending Tree, Ask.com, Match.com and The Home Shopping Network (HSN) announced today that it will break up into five separate, publicly traded businesses (Press…