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In what many expected to be a test of whether financial companies can raise capital without the implicit guarantee of the government, Goldman managed to price $2 billion of non-FDIC insured notes at 500 bps over comparable treasuries. In absolute terms, the notes priced with a 7.5% coupon to yield 7.779%. While the rate is high, the fact that it could even price is notable as all capital raises by financial institutions in recent months were backed by the full faith of the Federal Reserve's printing presses. The pricing is even more remarkable as today GS stock is down a little over 5%.

Earlier today Charlie got into a heated discussion over bonuses and after blowing his lid threw a nice juicy F-bomb in prime time TV to accentuate his point. For those who missed the amusing exchange, check this Clusterstock link. Next up, MC Cabrera wardrobe malfunction? We recommend a CNBC 15 second delay.

30 Year down 200bps to 117.25, for 3.52%. TBT longs happy again

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Textron, the owner of business jet maker Cessna, posted atrocious results early today. Stock was down 30% at last check... This is unfortunately in line with our expectations that nothing good awaits the private jet maker and its peers.

As Dealbook reported previously, Perella Weinberg, the advisory/investing company headed by former Morgan Stanley Chairman of Investment Banking Joe Perella, has been retained by the FDIC to "advise on transactions and strategies to stabilize the banking system, and also on the proper way to dispose failed institutio

As Dealbook reported previously, Perella Weinberg, the advisory/investing company headed by former Morgan Stanley Chairman of Investment Banking Joe Perella, has been retained by the FDIC to "advise on transactions and strategies to stabilize the banking system, and also on the proper way to dispose failed institut

Bill Gross, manager of PIMCO, the largest bond fund in the U.S., issued his February investment outlook today.

CNBC just broke the news that Senior VPs and Managing Directors will get no bonuses this year, and next year the bulk of bonuses will be in stock. Lastly, there will be a bonus clawback provision: If UBS has a loss over a three year period, no bonuses at all will be paid.

RIP Wall Street

5 day Ruble chart presented without comment.

5 day Ruble chart presented without comment.

When we inducted Artridis Barracuda in our "coolest name of all time" hall of fame, we had no clue just what a powerhouse this fund is.

In another take on the previously discussed basis trade topic, a curious statistic that few have paid attention to is the significant premia new issues have offered to existing comparable CDS spreads on the same issuer. The definition of the new issue premium is the spread of the new issue versus the matched maturity CDS spread.

In another take on the previously discussed basis trade topic, a curious statistic that few have paid attention to is the significant premia new issues have offered to existing comparable CDS spreads on the same issuer. The definition of the new issue premium is the spread of the new issue versus the matched maturity CDS spread.