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S&P Pretending Like Its Opinion Still Matters
Submitted by Tyler Durden on 01/12/2009 18:45 -0400
One can say many things about the ratings agencies, one could be bribed and even say one good thing, but recently S&P has decided to get really proactive to have some ammo ahead of the inevitable congressional hearings (Moody's has Buffet in its back pocket so smooth sailing over there).
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UBS in Serious Need of Editorializing
Submitted by Tyler Durden on 01/13/2009 04:26 -0400
In what might be a blatant example of investment banking schizophrenia, or merely a good-ole "talking up the book", two of UBS key "strategists", Larry Hathaway and David Bianco, in the span of 1 business day, manage to come out with two essentially contradictory reports.
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I Am The Retarded Plebs' Smirking Revenge
Submitted by Tyler Durden on 01/11/2009 01:57 -0400
Just as our funny-speaking cousins 3 hours east of us (via Concorde; probably more like 15 hours if using one of American Airlines' retrofitted B-707 with almost two wings and a fully operational engine, and that includes the 8 hour unairconditioned tarmac wait at JFK and Heathrow) thought that the Waxman witch trials would be confined to the likes of Jim
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S&P Pretending Like Its Opinion Still Matters
Submitted by Tyler Durden on 01/12/2009 18:45 -0400
One can say many things about the ratings agencies, one could be bribed and even say one good thing, but recently S&P has decided to get really proactive to have some ammo ahead of the inevitable congressional hearings (Moody's has Buffet in its back pocket so smooth sailing over there).
»
- Read more
- 1350 reads
UBS in Serious Need of Editorializing
Submitted by Tyler Durden on 01/13/2009 04:26 -0400
In what might be a blatant example of investment banking schizophrenia, or merely a good-ole "talking up the book", two of UBS key "strategists", Larry Hathaway and David Bianco, in the span of 1 business day, manage to come out with two essentially contradictory reports.
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- 1152 reads
Survival of the Gatest
Submitted by Tyler Durden on 01/11/2009 03:31 -0400Well the 2008 hsbc numbers are out. In a year that one would be shocked there were any winners at all (except for Paulson of course... Paulson could make money on Pluto, blind, limbs chopped off, without oxygen, a bloomberg terminal or his copy of Dow 100,000: Fact or Fiction), here are the funds that will shortly need to raise all gates once investors realize these are likely the only places where money can still be redeemed:
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Quick Robin, to the Mad-Mobile, so We Can Escape with the Mad-Plane
Submitted by Tyler Durden on 01/12/2009 19:10 -0400
Because we all know the old man has an escape plan up his sleeve, that may very well include a top secret Mad-Cave somewhere deep inside 133 East 64th street (if anyone has blueprints for the house, please send to us), Zerohedge is very curious to find out where exactly Bernie's Legacy 600 is parke
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Mad-Cave Museum Deal Closer Than You Think
Submitted by Tyler Durden on 01/13/2009 15:21 -0400
Seems Mad-Man overestimated his triathlon skills in getting to Tetterboro and the Mad-Jet before the FBI could catch up with him.
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There Can Be Only One!!!
Submitted by Tyler Durden on 01/11/2009 16:56 -0400We all know about West vs. East, 2-Pac vs. Notorious B.I.G., LA vs NY, etc... How does this express itself in the HF community where most managers are either grads of Steinberg-Dietrich Hall (that Huntsman hall phallic monstrosity will never take the place of the brick facade that Saul Steinberg's Reliance renovated with a whole pile of hard-earned, scandal-free dollars) or ex-Yale Lacrosse players, yet where on occasion you may find the odd Westsider... And they can be quite floral....
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Quick Robin, to the Mad-Mobile, so We Can Escape with the Mad-Plane
Submitted by Tyler Durden on 01/12/2009 19:10 -0400
Because we all know the old man has an escape plan up his sleeve, that may very well include a top secret Mad-Cave somewhere deep inside 133 East 64th street (if anyone has blueprints for the house, please send to us), Zerohedge is very curious to find out where exactly Bernie's Legacy 600 is pa
Semi-Breaking News: Citi Out With Confirmation of Nothing
Submitted by Tyler Durden on 01/13/2009 15:34 -0400Citi Statement
Business Wire
NEW YORK -- January 13, 2009
Citi today said that the company is in discussions with Morgan Stanley (NYSE: MS) concerning a possible combination of the retail brokerage business operated under the Smith Barney name and the wealth management business operated by Morgan Stanley. No definitive agreement has been reached, and no assurance can be given that any such agreement will be reached. Beyond this statement, Citi has no further comment at this time.
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Investing Was The Beginning, Now It's Moved Out Of The Basement, It's Called Project Mayhem
Submitted by Tyler Durden on 01/11/2009 19:04 -0400
And Mayhem it is, as investors are running for the hills, unwilling to find out who the next Madoff turns out to be, and end up stuck with a big fat donut. According to an analysis done by Hedgebay, a secondary hedge fund interest market maker, the average dollar invested in hedge funds traded for an all time low of 87 cents as of November (waiting for December numbers with baited breath).
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One Day Archeologists Will Care About This
Submitted by Tyler Durden on 01/12/2009 21:05 -0400This explains pretty well why some people still choose to make the mega rich even mega richer (although less so with each passing day). Why there is a video of it out there is really odd... Props to hedgefundblogger for tracking this down.
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Money-Grubbing, Cholesterol-Spiking Idea of the Day
Submitted by Tyler Durden on 01/13/2009 15:43 -0400
As anyone who has ever visited the West Coast will attest, Jack In The Box is the greatest hamburger joint that has ever lived. In-N-Out (mmmm....
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Steel Partners in Need of Serious Rust Removal
Submitted by Tyler Durden on 01/11/2009 19:41 -0400
Steel Partners, the fund of activist investor and up-to-now wunderkind manager Warren Lichtenstein, has fallen for some tough times.
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