Wall Street Folly

Jamie Dimon to the rescue again?: There’s speculation that JP Morgan may be negotiating to buy struggling CIT’s factoring unit $JPM $CIT

wsf@wallstreetfolly.com (Wall Street Folly) — Fri, 17 Jul 2009 12:33:11 +0000

Is Jamie Dimon looking to cherry pick CIT’s profitable factoring unit? There’s speculation that JP Morgan may get involved.: Industry chatter is swirling that CIT is in talks to sell its factoring unit to Dimon-run JPMorgan ...

Sponsored Topics: Jamie Dimon - JPMorgan Chase - Business - Factoring - Financial services

Video: The Daily Show roasts a favorite target, Goldman Sachs, yet again: The “Pyramid Economy” ($GS, #economy)

wsf@wallstreetfolly.com (Wall Street Folly) — Fri, 17 Jul 2009 12:10:20 +0000

Jon Stewart: “After months and months of dark clouds, there is some good news…” Segue to Goldman Sachs’ huge earnings: “WE’RE BACK!!!!” “That is the sound of raw capitalism…Stampeding!!!” “Goldman Sachs makes $3.4 billion dollars in ...

Sponsored Topics: GoldmanSachs - Daily Show - Business - United States - GS

Congressional Budget office criticizes health plan; B of A, Citigroup earnings; AIG’s ‘Toxic Pool’; Henry Paulson’s tough day; CIT last gasp efforts to stay out of bankruptcy; CIT bankruptcy could wreak havoc on retailers; Lenders to bid on Delphi; NYC jobless rate hits 9.5%

wsf@wallstreetfolly.com (Wall Street Folly) — Fri, 17 Jul 2009 12:02:55 +0000

Budget Blow for Health Plan Bank of America Profit Drops Less Than Expected on Fee Income Citigroup Reports Second Quarter Net Income of $4.3 Billion, $0.49 Diluted EPS AIG Swaps May Take Decades to Expire Leaving a ‘Toxic ...

Sponsored Topics: Henry Paulson - Bank of America - American International Group - Citibank - United States

The afternoon rally: What Nouriel Roubini seemed to have giveth, he taketh away….

wsf@wallstreetfolly.com (Wall Street Folly) — Thu, 16 Jul 2009 23:19:08 +0000

So much for the rally: Early in the afternoon word came out that Nouriel “Dr. Doom” Roubini was said to have changed his tune and commented that the economy was improving and would emerge from ...

Sponsored Topics: Nouriel Roubini - Business - United States - Recreation - economy

JP Morgan’s earnings beat; Paulson sits on the hot seat; Banks opening the pay spigots to compete; California still has no budget deal; Regulators play hardball with B of A (and Citi); Foreclosures up 33% over June last year; Some large hedge funds could be “Tier 1″ under Obama plan; Chronic Hyperbolizer Donald Trump’s defamation lawsuit gets the well deserved boot

wsf@wallstreetfolly.com (Wall Street Folly) — Thu, 16 Jul 2009 11:49:41 +0000

JPMorgan Profit Rises 36 Percent, Beating Estimates Paulson Expected to Face Hard Questioning on Merrill Deal Banks Ramp Up Pay Packages to Top Talent Schwarzenegger, California Lawmakers Fail to Reach Budget Deal U.S. Regulators to BofA: Obey or Else U.S. ...

Sponsored Topics: Hedge fund - JPMorgan Chase - Bank of America - Citibank - United States

Unless there’s a last minute deal, sounds like CIT is Chapter 11 bound; Retailers who rely on CIT’s factoring may have a rough Christmas holiday; Bayou’s Hedge fund fraudster Sam Israel gets 2 more years for his little bail jumping faux suicide incident; SEC charges 11 with insider trading; Madoff’s accountant may plead guilty

wsf@wallstreetfolly.com (Wall Street Folly) — Thu, 16 Jul 2009 00:16:35 +0000

CIT Calls Bailout Unlikely, Fueling Speculation of Bankruptcy CIT woes don’t bode well for holiday Bayou’s Israel Gets Longer Sentence Eleven Accused of Insider Trading by SEC Madoff Accountant Waives Indictment, May Plead Guilty CIT Calls Bailout Unlikely, Fueling Speculation ...

Sponsored Topics: Hedge fund - Bernard Madoff - Business - U.S. Securities and Exchange Commission - Sam Israel

Strange but apparently true: Wells Fargo has sued itself; Even their own staff is said to be laughing over how absurd it sounds — $WFC #banks

wsf@wallstreetfolly.com (Wall Street Folly) — Wed, 15 Jul 2009 13:50:33 +0000

And if their own staff is laughing, everyone else is bound to do so as well. So they’ve assigned a PR person to deal with the press over the lawsuit, which revolves around a conflict ...

Sponsored Topics: Wells Fargo - Business - Public relations - United States - England

UBS sees “encouraging signs”; SEC looking at better Muni bond market disclosure; Private equity: so much for big bank deals; UK hedge funds may get their frozen Lehman Brothers assets back next year; NYC office rents plummet 44%

wsf@wallstreetfolly.com (Wall Street Folly) — Wed, 15 Jul 2009 13:06:33 +0000

UBS Sees Signs of a Turnaround SEC’s Schapiro Targets Muni Bond Market Disclosure Private equity sees prospect of bank deals fade Lehman’s U.K. Administrator Seeks Return of Assets Manhattan office rents drop 44% UBS Sees Signs of a Turnaround – ...

Sponsored Topics: Hedge fund - Lehman Brother - Business - U.S. Securities and Exchange Commission - Private equity

More must see TV: Jon Stewart lampoons the rise and fall of Lenny “Nails” Dykstra on The Daily Show. And he ties it neatly into another a Jim Cramer mockfest

wsf@wallstreetfolly.com (Wall Street Folly) — Wed, 15 Jul 2009 12:02:57 +0000

This is WAY too funny. Jon Stewart gets two lampoons in for the price of one on last night’s ‘The Daily Show’. He looks at Lenny Dykstra’s rise and fall, from his days as ...

Sponsored Topics: Jim Cramer - Jon Stewart - DailyShow - Lenny Dykstra - Television

Geithner optimism; Increased Fed powers under attack; Small business getting the healthcare plan shaft; California credit rating takes another hit; Justice Dept derivatives probe focusing on Markit; B of A trying to get Merrill investment bankers who bailed back?; DeTARPED JP Morgan’s tougher stand; Chrysler Financial repays TARP loan; GM ex-CEO makes a pay deal

wsf@wallstreetfolly.com (Wall Street Folly) — Wed, 15 Jul 2009 11:39:05 +0000

Geithner sees signs of US and global recovery Coalition to attack plan for Fed powers Small Business Faces Big Bite California Credit Rating Lowered Again as Budget Talks Progress U.S. Tightens Its Derivatives Vise Bank of America Said to Court ...

Sponsored Topics: Business - Troubled Asset Relief Program - Bank of America - Small business - General Motors