Wall Street Folly

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

Apologies for their credit crisis role and millions to assist small businesses from Goldman; Report says that if AIG collapsed, yes, Goldman would have been screwed; B of A’s Moynihan skewered in congressional testimony; Some Citigroup execs get big stock grant; Bernie Madoff’s boats sail away for $2M; Gold hits another record; Foiled Trump settles for AC casino stock consolation prize

wsf@wallstreetfolly.com (Wall Street Folly) — Wed, 18 Nov 2009 12:47:25 +0000

Report Rebuts Goldman’s Claim on AIG Goldman, Buffett Establish $500 Million Small-Business Program It’s BofA-foonery! Citi Pays Forese, Gerspach, Volk $11.7 Million Shares Boats seized in Madoff scandal sell for $2 million Gold hits record near $1,150/oz as dollar slips Geithner, Bernanke, Schapiro Met Panel Probing Financial Crisis Paulson Hedge Fund Sees BofA Almost Doubling by End of 2011 Trump Abandons Casino-Control Bid Goldman [...]

Hedge fund - Small business - Bank of America - Business - American International Group

Lehman is suing Barclays over windfall profit; FDIC getting buried under foreclosed real estate; Geithner getting heat over AIG payments; TARP can’t save all banks; You may have to repay some of that stimulus tax credit you may have received; Buffett’s latest 13F disclosures; Paul Allen has Lymphoma; Wachovia coluld lose Madoff claim; Ackman buys more McDonalds, GMAC CEO ousted

wsf@wallstreetfolly.com (Wall Street Folly) — Tue, 17 Nov 2009 12:44:35 +0000

Lehman Sues Barclays Capital America’s Newest Land Baron: FDIC Geithner under fire over AIG payments Audit Is Critical of N.Y. Fed in AIG Bailout New York Fed under fire over crisis bank payments TARP Can’t Save Some Banks Millions may have to repay part of stimulus tax credit Buffett’s Berkshire Discloses Exxon, Nestle Stakes Microsoft Co-Founder Treated for Lymphoma Wachovia Could Lose $36.6 Million [...]

Federal Reserve Bank of New York - American International Group - Paul Allen - Troubled Asset Relief Program - Real estate

Ivanka Trump isn’t so happy with the Crains NY story about her and Jared

wsf@wallstreetfolly.com (Wall Street Folly) — Mon, 16 Nov 2009 17:05:27 +0000

Crain’s NY published a piece on Ivanka Trump and her new hubby Jared Kushner. Doesn’t seem like she’s so pleased with the piece given her Twitter tweets from a little while ago: IvankaTrump Crain’s wrote a cover story on me and my husband this week that was both misinformed and pointless. 11/16, 11:51 AM IvankaTrump Do you think [...]

Ivanka Trump - Jared Kushner - New York - Twitter - Arts

Bernie & Ruth’s personal loot fetches $900K; Did B of A strong arm Uncle Sam into making Merrill loans?; Lots of hedge funds still below high water mark and won’t get paid; Fixed income the key to UBS turnaround?; Deutsche Bank CEO on global banking regulation; Gold hits another record; GM paying some of it’s debt back (but it’s only a drop in the bucket)

wsf@wallstreetfolly.com (Wall Street Folly) — Mon, 16 Nov 2009 13:33:36 +0000

Madoff’s ‘Prisoner’ Watch, Mets Jacket Boost $900,000 N.Y. Sale Madoff’s ill-gotten gains sold off Bank of temerity Hedge Funds Struggle UBS’s Debt Trading, Cause of Near Collapse, Is Key for Revival Deutsche Bank CEO Calls For Careful Global Bank Regulation Gold hits record on weak dollar, technical momentum JPMorgan Said to Be in Talks to Buy Remainder of Cazenove Stake Sands to Put [...]

Deutsche Bank - Hedge fund - JPMorgan Chase - Bank of America - Business

Jamie Dimon Op Ed: Let big banks grow and fail; Now here’s a shocker: Barofsky says TARP will cost taxpayers money (Thanks auto companies!); Duh: Pay czar “very concerned” that pay limits backfiring; Charities like the Robin Hood Foundation are cheering the return of the bonus; The nasty fine print on Citadel redemptions; B of A: Corzine hasn’t met with them, unclear if he’s going back to Wall Street; Playboy has potential buyers; Spitzer sidesteps hookers in his ethics speech

wsf@wallstreetfolly.com (Wall Street Folly) — Fri, 13 Nov 2009 12:46:55 +0000

Jamie Dimon Op Ed: No more ‘too big to fail’ Barofsky Says TARP ‘Almost Certainly’ Will Bring Loss to U.S. Pay czar backtracks Robin Hood Says ‘Hell Yeah’ to Recovery Led by Goldman Bonuses Corzine to Aid Christie Transition, Has No Post-Governor Plans Citadel’s Moment for Redemption Eliot Spitzer Avoids Talk of Hookers in Harvard Ethics Speech Buffett Says U.S. Should Put [...]

Wall Street - United States - Troubled Asset Relief Program - Too Big to Fail policy - Robin Hood