Matt Taibbi Retorts To Goldman's Retort
Submitted by Tyler Durden on 06/30/2009 - 12:50Round three of the Taibbi - Van Pragg welterweight death-match will be brought to you compliments of the MGM Mirage (in exchange for 3 bond coupon waivers).
In the meantime, here is Matt's Round 2.
NYSE Halts Transparency, Feels Goldman Program Trading Disclosure Is Unnecessary
Submitted by Tyler Durden on 06/30/2009 - 12:28In a move set to infuriate and send many Zero Hedge readers over the top, the NYSE has taken action to make sure that nobody will henceforth be able to keep track of the complete dominance that Goldman Sachs exerts over the New York Stock Exchange. This basically ends our weekly Program Trading updates disclosed every Thursday indicating that Goldman has singlehandedly captured all of NYSE's program trading.
Just Whom Does Wachtell, Lipton, Rosen & Katz Represent?
Submitted by Tyler Durden on 06/30/2009 - 10:55It has been Zero Hedge's understanding that traditionally lobbies of any kind tend to at least make a tacit acknowledgment of their conflicts of interest. This is especially true when the "lobby" in particular is none other than Wall Street legal powerhouse Wachtell Lipton, which in a series of machine-gunned missives which Zero Hedge has recently obtained, did everything in its power to persuade the SEC to adopt every possible action that would essentially destroy short-sellers in the days after the Lehman collapse.
Confidence-Market Divergence Accelerates
Submitted by Tyler Durden on 06/30/2009 - 09:56
The last time we got a -2.42 standard deviation between confidence and the market, things got real ugly, real fast.
Annotating Ben's Helicopteresque Mug
Submitted by Tyler Durden on 06/30/2009 - 09:07Zero Hedge's favorite artist Geoffrey Raymond hits the streets and captures the creative process in action. Also, for all who want to share their thoughts first hand (and thus become a part of history) on the "giant vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money", the annotation of the "Big Lloyd 3 (The Root)" will occur this Friday behind ground zero (85 Broad) - not to be confused with "Big Lloyd 1 (,6 Billion)". Pens will be provided.
Biggest Loan Movers: Week Of June 22
Submitted by Tyler Durden on 06/30/2009 - 08:44
Last week's best performers were the companies that either filed for bankruptcy or were on the verge of doing so. Last week's worst performers were the companies that either filed for bankruptcy or were on the verge of doing so.
Daily Highlights: 6.30.09
Submitted by Tyler Durden on 06/30/2009 - 08:11Frontrunning: June 30
Submitted by Tyler Durden on 06/30/2009 - 08:05PPT Hiring Mortgage Quant
Submitted by Tyler Durden on 06/29/2009 - 23:03
After throwing $1 trillion at the mortgage problem, the president's working group realized that it needed someone who actually knew what the problem was, so it hired TREPP a few weeks ago. And now that they have a cash flow modeling system, the gentle souls with the invisible hands have expanded their hiring efforts, with the latest fat fingered talent sought by the New York Fed being that of an MBS Quant.
Overalottment: June 29
Submitted by Tyler Durden on 06/29/2009 - 21:37
Guest Post: China And Brazil
Submitted by Tyler Durden on 06/29/2009 - 19:57I'm reading two books right now, which I will deal with in two posts. The first is The Forgotten Continent by Michael Reid, the former bureau Chief for Latam at The Economist about modern Latin American history and development.
Market Wrap 6.29.09
Submitted by Tyler Durden on 06/29/2009 - 17:32In the absence of our daily CDS market closing commentary (some people actually enjoy taking vacations), I provide you with RANsquawk's equity and credit EOD wraps.
Raiffeisen Bank Pulls Exchange Offer
Submitted by Tyler Durden on 06/29/2009 - 16:35It was only a week ago that we were conjecturing about the prospects for Austrian mega-bank Raiffeisen. This being Zero Hedge of course, we came to the conclusion that the prospects were not that hot. Some readers vehemently disagreed. Maybe news today out of RZB will make them a tad less skeptical: the bank announced that it was scrapping the exchange offer without providing much of a reason.
NYSE "Volume" - Lowest Since January 5
Submitted by Tyler Durden on 06/29/2009 - 15:30
Today is EOQ, yet the NYSE traded with the lowest volume since January 5. The correlation continues: low volume - market up; high volume - market plunge. Rinse. Repeat.
