Frontrunning: December 17
- Weil: Five lessons for next time banks come begging (Bloomberg)
- Wake up call for the Fed: ECB to start consulting banks, investors on collateral (Bloomberg)
- Ex-wife sues Steve Cohen, claims he was involved in insider trading (WSJ)
- Goldman driving YRC Trucking into bankruptcy, Hoffa says (HuffPo)
- Democrats blues grow deeper in new poll (WSJ)
- Whitney cuts Goldman Sachs, Morgan Stanley estimates (Bloomberg)
- California bonds fail on advice Bill Lockyer couldn't refuse (Bloomberg)
- Debt disaster fears rumble from Athens to London (MarketWatch)
- Spendthrift to penny pincher: a vision of the new consumer (WSJ)
- Curbing big banks: draw the damn line (HuffPo)
- FedEx forecast disappoints, shares down (Reuters)
- Tudor Jones turns away investors as hedge fund outflows persist (Bloomberg)
- Caruso-Cabrera Ex says banks may need to raise $600 billion globally (Bloomberg)
- Pento: Why the Fed will be sidelined in 2010 (RCM)
- Here's why the banks aren't lending (WSJ)
- Morning Retiree Humor Special: Cramer says buy citi's secondary at this price, sell bonds (CNBC)
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on Thu, 12/17/2009 - 09:10
#167325
you can watch Ben pass through the gauntlet of the Senate confirmatinon starting at 9:30am EST
mms://wms-rbn-sea010.rbn.com/cspan/cspan/wmlive/cspan3v.asf
on Thu, 12/17/2009 - 09:14
#167330
Thanks for the link. Should be highly entertaining. Can't wait to see how they vote. Judd Gregg on CNBC this morning giving him big wet kisses. 8 un-decided according to CNBC poll.
on Thu, 12/17/2009 - 09:22
#167331
Speaking of Frontrunning. Yesterday "insider" dark pools squeezed LNC up 5% on NO news, leading the entire sector. Today ‘the upgrade’ to overweight by MS...
edit: just read MS added it to their 'Best Ideas' list as well.
Who knew…(?)
on Thu, 12/17/2009 - 09:21
#167338
Ahhh, the lovely Meredith.
`Whitney cuts Goldman Sachs, Morgan Stanley estimates`. What a smart gal.
on Thu, 12/17/2009 - 09:24
#167340
Weil: Five lessons for next time banks come begging
But wait - why would they "come begging" if everything (according to Benji and the gang) is awesome? You mean, things might not be quite as peachy as TPTB have led us to believe???
Gee, next you're going to tell me that the Tooth Fairy isn't real.
/Sarc off
on Thu, 12/17/2009 - 09:26
#167342
`Goldman driving YRC Trucking into bankruptcy, Hoffa says`
God's work is never done.....
Dec. 17 (Bloomberg) -- International Brotherhood of Teamsters President James Hoffa said Goldman Sachs Group Inc. is creating derivatives trades that would benefit from the bankruptcy of YRC Worldwide Inc., the trucking company trying to avert failure with a debt exchange.
The most profitable securities firm in Wall Street history "is actively soliciting bond trades for clients and underwriting credit-default swaps to benefit from a failed exchange and resulting bankruptcy," Hoffa, the union leader, wrote in a letter dated yesterday to Goldman Sachs Chief Executive Officer Lloyd Blankfein.
on Thu, 12/17/2009 - 11:44
#167569
So why don't the teamsters organize a protest? What a bunch of pussies. Hoffa "wrote a letter". Another fat and happy porker.