Risk Management

Is Joseph Cassano Responsible For The Depression?

And people thought Jerome Kerviel's blow up was spectacular. In an interesting piece out on abcnews, more light is being shed on AIG's small financial products London office which even AIG now acknowledges was ground zero for roughly $500 billion in losses, as well as the person who ran it, Joseph Cassano.

Is Joseph Cassano Responsible For The Depression?

And people thought Jerome Kerviel's blow up was spectacular. In an interesting piece out on abcnews, more light is being shed on AIG's small financial products London office which even AIG now acknowledges was ground zero for roughly $500 billion in losses, as well as the person who ran it, Joseph Cassano.

Roubini Adjusts His S&P Target To 600

In a slightly less pessimistic statement today, Nouriel "Dr. Doom" Roubini said an S&P level of 500 "is less likely, but there is some possibility you get there" and put his S&P target at 600. Roubini's target is based on an S&P 2009 earnings of $50 and a 12x multiple.

Roubini Adjusts His S&P Target To 600

In a slightly less pessimistic statement today, Nouriel "Dr. Doom" Roubini said an S&P level of 500 "is less likely, but there is some possibility you get there" and put his S&P target at 600. Roubini's target is based on an S&P 2009 earnings of $50 and a 12x multiple.

Roubini Adjusts His S&P Target To 600

In a slightly less pessimistic statement today, Nouriel "Dr. Doom" Roubini said an S&P level of 500 "is less likely, but there is some possibility you get there" and put his S&P target at 600. Roubini's target is based on an S&P 2009 earnings of $50 and a 12x multiple.

SAC Loses Chief Psychiatrist, Underwater Portfolio Managers Elsewhere Gain Peace and Serenity

If you have ever wondered how one can feel calm, relaxed and empowered after blowing a cool $100 mill on the basis trade that the Merrill salesguy was pitching incessantly as totally risk-free, after ingesting an elephant dose of estrogen in an office with the climatic characteristics of Vladivostok, then wonder no more, for a wealth of information, outsider and vice versa, and a comfy leather coach are about to be fully acce

SAC Loses Chief Psychiatrist, Underwater Portfolio Managers Elsewhere Gain Peace and Serenity

If you have ever wondered how one can feel calm, relaxed and empowered after blowing a cool $100 mill on the basis trade that the Merrill salesguy was pitching incessantly as totally risk-free, after ingesting an elephant dose of estrogen in an office with the climatic characteristics of Vladivostok, then wonder no more, for a wealth of information, outsider and vice versa, and a comfy leather coach are about to be fully ac