17 hrs ago | The Big Picture
Bear Stearns, Lehman Execs Kept Billions . . .
Everyone knows that senior execs at Bear Stearns and Lehman Brothers were paid largely in stock, and that they lost most of their wealth when the companies collapsed, right? Turns out, not so much: "Three professors at Harvard are disputing that logic in a new study, saying it is an urban myth that executives at Bear and Lehman were wiped out along ...
Hedge Funds May Get $11 Billion Frozen at Lehman
Lehman Brothers International , where more than $35 billion of hedge fund assets have been frozen since the bank's collapse last September, could return about $11 billion to fund managers by March if enough firms approve a new plan.
The most recent major SEC appointment is worrying. In general, Obama's appointments in finance have been uninspiring.
Go Ahead and Yell. Hea s Everyonea s Punching Bag.
DEVIN LEONARD ESTERO, Fla. Banks often hire Norman Radow to handle the myriad unpleasantries of the real estate mess.
The Fed Backed Itself into a Corner
Over the years, I have warned a seemingly countless number of undergraduates that Fed's hold on monetary independence was tenuous at best.
Simplifying a complex financial saga
In a way, it all began on the 16th of March, 2008, when Bear Stearns, "the smallest but scrappiest of Wall Street's Big Five", fainted in the arms of JP Morgan with the US Treasury acting as matchmaker and priest.
Dollar keeps gaining as traders pare risk exposure
The safe-haven dollar kept rising Friday and Treasury yields hovered around their lows for the year as worries about the economy in 2010 continued to weigh on traders' taste for risky bets.
Under attack, Geithner defendscostly AIG bailout
Timothy Geithner, U.S. treasury secretary, testifies at a joint Economic Committee hearing on financial regulatory overhaul in Washington, D.C., U.S., on Thursday, Nov.
Lehman claims may total up to 1 trilllion
The number of claims against collapsed Lehman Brothers could top $1 trillion , according to the man running the investment bank's liquidation.
Lewis: Morgan Stanley CEO's defiant speech clicks around the world
Morgan Stanley Chairman John Mack is becoming a YouTube sensation. A 26-minute video of a talk he gave on "Leadership in Crisis" at University of Pennsylvania's Wharton School last month has garnered more than 18,600 page views and 4.5 stars.
KDB Financial's Min Rues `Very Good Opportunity' He Missed to Buy Lehman
KDB Financial Group Inc. Chairman Min Euoo Sung said his failed attempt to buy Lehman Brothers Holdings Inc.
Ghost Towns in China Prove GDP is a Farce
This is a guest post written by Wall St. Cheat Sheet Editor-in-Chief Damien Hoffman .
HFT Shops Influence Job Market on Wall Street
Is high-frequency trading driving a wholesale transformation of the job market on Wall Street? It certainly seems that way, given recent comments by industry executives who point to the insatiable demand for programmers who can build ultralow-latency automated trading platforms.
Court official, not SEC-appointed lawyer, should distribute funds, judge says. When an investment scheme goes sour, the Securities and Exchange Commission often appoints a private attorney with a background in bankruptcy law to divvy up the remaining assets.
Buy, Sell or Hold: Buffetta s Berkshire Hathaway Inc. Has Been...
I emphasized that Berkshire should be a core, long-term holding in investors' portfolios and not a stock to trade in and out off.
Bear Stearns shocked us. Lehman Brothers crushed us. AIG ticks us off. But CIT? Eh.
Barclaya s Lehman purchase a steal?; Bernie Madoff blowout sale this ...
Barclays, it turns out, cut itself a remarkably good deal. A recent court filing - this one free of redactions - even accuses Barclays of making off with $5 billion without anyone noticing, an amount that Lehman's creditors seem to think should be treated as the largest theft in banking history.
Woman Shocked To See Swastikas On Wrapping Paper
A local woman says her new Christmas wrapping paper is full of swastikas. Casey Lehman bought a roll of wrapping paper at the Altamonte Mall.
Picasso Flops as Christie's $66 Million Impressionist Sale Misses Target
Christiea s International had its smallest evening Impressionist and modern-art auction in New York since May 2004 as buyers snubbed Picasso and Matisse in favor of conservative 19th-century landscapes and still-lifes. Last nighta s sale totaled $65.7 million, below the $68.7 million-to-$97.2 million presale estimate.
Dodd offers bold financial reform plan
The U.S. Senate's top banking legislator proposed ambitious financial regulation reforms on Tuesday, leaping beyond earlier proposals to tighten bank regulation, protect consumers and police systemic risk.
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