Published to Wall Street Financial Watch
Wikizines are interactive magazines that anyone can create or edit - and this one is called "Wall Street Financial Watch". Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add your own... Read Full Story
Published to Business ethics
NYC judge blasts Wall Street greed at sentencing The largest hedge fund insider trading case in history By LARRY NEUMEISTER (AP) – 1 day ago NEW YORK — A former top executive at a $1 billion hedge fund investment firm was sentenced to more than two years in prison Friday in the first sentencing to result from what prosecutors have called the largest hedge fund insider trading case in history. Mark Kurland, 61, of Mount Kisco, N.Y., was sentenced Friday to two years and three months in prison... Read Full Story
Published to All American Investor
Jon Markman's Speculations May 22, 2010, 1:35 p.m. EDT Seven worries for Wall Street, and what's next Commentary: Global margin call sends stock investors scurrying By Jon Markman SEATTLE (MarketWatch) -- Stocks traded over the past week with all the panache of the drunk uncle at a shotgun wedding, stumbling through four and a half weak-kneed sessions before snapping to attention at last call in the final half hour. The concept of a random walk doesn't really do the week justice, as the... Read Full Story
Published to CEO Anne Mulcahy
Top Stories Why Do We Need the SEC? by Jim Powell, May 19, 2009 FDR established the Securities & Exchange Commission to protect people in securities markets. Yet there already were plenty of laws against theft and fraud, crimes that are seldom exposed by government regulators. Consider the succession of big Wall Street scandals since the late 1990s. It’s hard to find a single case that was exposed by the SEC. Typically, Wall Street scandals seem to be exposed by savvy investors, disgruntled... Read Full Story
Published to Wall Street Financial Watch
Top Stories The Strange Death of American Capitalism May 17, 2009 Source:http://www.crossingwallstreet.com/archives/2009/05/the_strange_dea_1.html Book Review of Bailout Nation by Barry Ritholtz In The Strange Death of Liberal England, George Dangerfield famously described how the British Liberal Party—and by extension, England’s once-unshakable faith in liberalism—suddenly and unexpectedly vanished. Despite its outward appearance of solidity, once liberalism was challenged, it crumbled to... Read Full Story
Published to Wall Street Financial Watch
Top Stories Who’s to Blame for the Collapse of the Financial Markets? By editor|May 17, 2009|10:27 PM Source:http://wallstreetpit.com/4350-whos-to-blame-for-the-collapse-of-the-financial-markets British newspaper Sunday Times has published a very interesting article on the international insurer AIG. The piece elaborates extensively about the firm’s underwriting methods and creation of the multi-sector CDS portfolio - which seem to have had no correlation between fees paid and the risk assumed... Read Full Story
Published to Wall Street Financial Watch
Top Stories GEAB N°35 is available! Global systemic crisis: June 2009 - When the world steps out of a sixty-year old referential framework - Public announcement GEAB N°35 (May 16, 2009) - Source:http://www.leap2020.eu/GEAB-N-35- The financial surrealism which has been at the heart of stock market trends, financial indicators and political commentaries in the past two months, is in fact the swan song of the referential framework within which the world has lived since 1945. Just as in January... Read Full Story
Published to Wall Street Financial Watch
Top Stories 8:00 pm, May 17, 2009 OTHER VOICES: Wall Street greed brought down Detroit Source:http://www.crainsdetroit.com/article/20090517/FREE/305179964/1079 By John Mogk Detroit has been vanquished by Wall Street greed. The auto companies might have better designed models for market needs, but cars are not selling principally because credit has been frozen, consumer wealth has been obliterated and a large number of jobs were lost nationwide after the banking industry collapse. The crisis... Read Full Story
Published to Wall Street Financial Watch
General Motors Leaves U.S. Workers by the Wayside as it Accelerates Operations in China By Jason SimpkinsManaging EditorMoney Morning Source: http://www.moneymorning.com/2009/05/18/general-motors-china/ For decades, General Motors Corp. (NYSE: GM ) was an icon of American industry. But over the past decade its sales in China have steadily increased, while dwindling sales at home have turned the company into a relic. Now facing bankruptcy, GM has an opportunity to shift its operations to China... Read Full Story
Published to Andrew Cuomo
Andrew Cuomo: Culpability and Comeuppance on Wall Street Maria Bartiromo talks to New York Attorney General Andrew Cuomo By Maria Bartiromo 05/06/2009 As the global financial crisis drags on, there is increasing talk of culpability. And asking the hard questions about Wall Street accountability and the bailout is New York Attorney General Andrew Cuomo. His office has investigated the bonuses at Merrill Lynch ( BAC ) that led to the ouster of John Thain. And in a letter to Congress on Apr. 23... Read Full Story
