Wall Street Folly

Senator Sanders won’t vote for Bernanke; Wall Streeter’s conspicuous spending returns!; Dubai debt crisis; UAE sets up emergency facility for banks; UAE blocks then unblocks the Times of London; B of A CFO, mtge unit president take salary hits; RIP Fred Joseph, former Drexel CEO; RIP Ari Kiev, SAC Capital’s & Wall Street’s favorite shrink; Holiday shopping not exactly ebullient

wsf@wallstreetfolly.com (Wall Street Folly) — Mon, 30 Nov 2009 12:43:33 +0000

Senator opposes Fed chief Bernanke renomination Shhh! Wall Street is Spending Again UAE central bank sets up emergency facility for banks Crisis Puts Focus on Dubai’s Complex Relationship With Abu Dhabi Dubai Default Swaps Show No Distress on Bailout Bets U.A.E. Blocks Sunday Times Over Coverage of Dubai Debt Crisis London Times Back on U.A.E. Newsstands After Sunday Edition Pulled Bank of [...]

United Arab Emirates - Dubai - Wall Street - Central bank - Middle East

Dubai debt problems roil world markets; Mobius says it may trigger that correction; UBS says Dubai’s debt could be greater than $80B; Dubai creditors may just have to suck it up; UBS whistle blower looks for a billion dollar payoff for ratting; Focus on Feinberg takes heat off of Obama administration?; UBS/E&Y say Madoff claims against them “vague”;

wsf@wallstreetfolly.com (Wall Street Folly) — Fri, 27 Nov 2009 14:46:07 +0000

Dubai Shows Limits of Government Rescues, Roubini’s Das Says Mobius Says Dubai May Trigger Markets ‘Correction’ Dubai Debt May Be Higher Than $80 Billion, UBS Analysts Say Dubai creditors have little option but to accept the hand they’ve been dealt Abu Dhabi Commercial Said Owed $1.9 Billion by Dubai Ex-UBS Banker Seeks Billions for Blowing Whistle Feinberg Stumping Helps Obama, Geithner [...]

Dubai - Abu Dhabi - United Arab Emirates - Middle East - Government

All in the family: Raj wasn’t the first Rajaratnam to be under scrutiny; Raj says he’s innocent, wiretaps illegal; Benmosche staying at AIG, signs noncompete; Lehman creditors seeking “judicial assistance” to get info; UBS, Ernst sued over Madoff; A Madoff victim’s quest for trustee probe denied; Hedge funds rebound

wsf@wallstreetfolly.com (Wall Street Folly) — Wed, 25 Nov 2009 12:50:11 +0000

Rajaratnam’s Brother Drew Scrutiny Galleon Chief Attacks Government’s Case Against Him Galleon Sells Commercial Bank, Sri Lanka Shares, Regulator Says Benmosche Reaffirms His Commitment to Leading AIG AIG’s Benmosche Signs Noncompete Deal Lehman Creditors Want Barclays Data From U.K.’s FSA Madoff Victim’s Proposed Probe of Liquidator Denied UBS, Ernst & Young Face Test Cases Over Madoff Funds Hedge funds set for rebound to [...]

Hedge fund - Sri Lanka - Business - American International Group - Financial Services Authority

Obama’s AIG headache; Pinpointing when Madoff’s scam started key to loss calculations; Madoff trustee’s big fee bill; Hedge funds, others trapped in Lehman closer to getting $$$; Fed said to be looking for deTARPing plans; Apollo still looking for NYSE listing; Nomura fined over mismarking; If Murdoch papers, others bolt to Bing, will Google take a hit?; GM return plan “a scam”?

wsf@wallstreetfolly.com (Wall Street Folly) — Tue, 24 Nov 2009 13:45:22 +0000

AIG’s Rescue Bedevils U.S. Start Date Is Critical in Ponzi Plan Madoff liquidator seeks fees of $22.1m Fed Said to Ask Stress-Tested Banks to Submit Plans on TARP Billions in Lehman accounts unfrozen Black’s Apollo Revives Plan for New York Stock Exchange Listing U.K. Bankers Chafe Under the Microscope Nomura Fined $2.9 Million for Mis-marking Derivatives Murdoch courts trouble if he blocks Google [...]

Google - New York Stock Exchange - Troubled Asset Relief Program - Hedge fund - American International Group

Jamie Dimon for Treasury! — sounds like a lot of wishful thinking; No takers: B of A’s CEO search could drag into 2010; Goldman answers some AIG questions; Pay disclosure for top UK bankers?; Chieftain: Personality conflicts said to fuel hedge fund split ; Google slap? Will newspapers switch to Bing?; GE / Vivendi talks stall; Twilight’s big opening

wsf@wallstreetfolly.com (Wall Street Folly) — Mon, 23 Nov 2009 12:44:34 +0000

Jamie Dimon seen as good fit for Treasury BofA May Name Stopgap Chief If Board Needs More Time for Search Goldman’s Response to Questions About A.I.G. UK: Top bank traders face pay disclosure Investment Firm Splits in Two Over Internal Rifts Microsoft, News Corp. In Early Talks On Web Deal Would Bing switch really dent Google? G.E. and Vivendi Halt Talks Over [...]

Google - Microsoft - Bing - News Corporation - Hedge fund

File this under accidents waiting to happen: FHA making easy big loans to those with little cash down #EasyMoney #CreditCrunch #RealEstate #FHA

wsf@wallstreetfolly.com (Wall Street Folly) — Fri, 20 Nov 2009 13:23:23 +0000

Sounds like they’ve learned little, if nothing during the real estate meltdown. According to the NY Times the FHA is making easy money for big mortgages available to those with virtually no cash down. It recently loaned three nearly cashless twenty-something guys the scratch to buy a 2 unit apartment building for close to $1 [...]

Federal Housing Administration - Mortgage - Loan - Real estate - Business

Goldman Sachs bonuses now said to be coming under assault from large shareholders; SEC must fix the way it chooses who to investigate; Former Pequot guy told his therapist he was fired after he stopped providing tips to Samberg; Tough day at the office for Geithner; Commodities on record pace for inflows; Senator Giuliani?; Oprah waving goodbye to network tv in ‘11; Zucker on Leno move

wsf@wallstreetfolly.com (Wall Street Folly) — Fri, 20 Nov 2009 12:44:53 +0000

Goldman Holders Miffed at Bonuses SEC told to improve ways it chooses probe targets Pequot Worker Told Therapist That Samberg Sought Tips House Attacks Fed, Treasury Commodities to Get Record $60 Billion, Barclays Says Giuliani Said to Consider Run for U.S. Senate Over Governorship Problem mortgages hit new high at 14 percent GM Says Auto Sales Rate May Be 10.8 Million in [...]

GoldmanSachs - General Motors - United States - Barclays - United States Senate

Video: Jon Stewart on Goldman Sachs’ apology $GS #JonStewart #TheDailyShow #GoldmanSachs

wsf@wallstreetfolly.com (Wall Street Folly) — Fri, 20 Nov 2009 11:40:43 +0000

More Goldman Sachs love from Jon Stewart on The Daily Show…. The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Things Not to Be Thankful For – Silverdome, Goldman Sachs & Congressional Recess www.thedailyshow.com Daily Show Full Episodes Political Humor Health Care Crisis

Jon Stewart - Daily Show - Goldman Sachs - Daily Show With Jon Stewart Mon - Health

Video: Tim Geithner getting a wee bit testy during his congressional testimony

wsf@wallstreetfolly.com (Wall Street Folly) — Thu, 19 Nov 2009 20:25:55 +0000

Timmy had kind of a tough day on the congressional hot seat, enduring slings and arrows. Here’s one of the exchanges….

Video - Arts - Atari - Expert Witnesses - Business

Big talent drain at Goldman says Whitney; Small businesses dialing for Goldman dollars; Former Galleon #2 guy emerges as another Galleon ring link; Citadel looking to bounce back from dreadful ‘08; Geithner: “This credit crunch is not over”; Lehman creditors’ claims $824M so far; Thain for B of A CEO? We’d bet not; Mack says more regulation ok with him; Chrysler may ax 145 dealers

wsf@wallstreetfolly.com (Wall Street Folly) — Thu, 19 Nov 2009 13:41:41 +0000

Whitney Says Goldman Sachs Lost ‘Tremendous’ Talent Small Businesses Turn to Goldman New Link Seen in Galleon Insider-Trading Case Geithner: ‘The credit crunch is not over’ A Hedge-Fund King Comes Under Siege Lehman Brothers Creditors File $824 Billion in Claims Thain self be true Morgan Stanley’s Mack Welcomes Regulation by Fed Obama says government won’t try to help run GM, Chrysler Chrysler May Drop [...]

Morgan Stanley - Hedge fund - Goldman Sachs - Lehman Brothers - Business