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TMFBane (29.17)

April 2010

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4

Give Us Some Cash Or You're Dead

April 29, 2010 – Comments (0)

With markets reeling after the bankruptcy of Lehman Brothers, we then learned that AIG was about to fall off a cliff as well. And it threatened to drag down the entire financial system along with it.  [more]

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19

They Really Do Think You Are An Idiot

April 28, 2010 – Comments (14)

Here’s an email that was being sent around Wall Street last week,  [more]

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3

What A CDO Really Was

April 27, 2010 – Comments (0)

Over the weekend, it seems like Wall Street types were coming out of the woodwork to defend poor, misunderstood Goldman Sachs. These transactions were no big deal, they seemed to be saying.  [more]

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8

Has America Lost Its Moral Compass?

April 26, 2010 – Comments (13)

In 2005, Josh Bartlett bought a home in Florida for $210,000, which is now worth $45,000. But don’t be too sad for Josh.   [more]

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9

SEC's Curious Behavior In Lehman Case

April 22, 2010 – Comments (0)

Do you remember Sherlock Holmes’ theory of the, ‘curious incident of the dog in the night-time?’  [more]

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19

The Lamest Argument Of All In The Goldman Case

April 21, 2010 – Comments (10)

There’s been a lot of excellent commentary relating to the Goldman Sachs fraud case, but there is one argument that is ridiculous to me.  [more]

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4

SEC vs. Goldman Sachs: Tale Of The Tape

April 20, 2010 – Comments (4)

In one corner, we have Goldman Sachs. Rich, well-connected, ruthlessly efficient Goldman. The company earned $3.5 billion last quarter, and many would say that it is the most powerful company on the planet.  [more]

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12

Are Those Tire Tracks On Fabrice Tourre's Forehead?

April 19, 2010 – Comments (2)

Over the weekend, I told my wife that ultimately, Goldman Sach’s strategy would be to throw Fabrice Tourre, the Goldman trader at the center of the fraud charges, under the bus.  [more]

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18

Wall Street Is Rotten To The Core

April 19, 2010 – Comments (4)

The game is fixed. Many of us suspected that already, but we received more compelling evidence of that fact last week. 

First, we learned from Pro Publica that a hedge fund named Magnetar had, 'placed bets that portions of its own deals would fail.'’ And, of course, later we learned the news that Goldman Sachs might have, 'created and sold a mortgage investment that was secretly intended to fail.'  [more]

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7

The Bad Boy of Banking Doesn’t Like Rich People

April 16, 2010 – Comments (4)

ING Direct CEO Arkadi Kuhlmann (aka “the bad boy of banking”) doesn’t like rich people very much. When they demand special treatment, he tells them to get with the program or he’ll ask them to leave.  [more]

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4

Henry Blodget's Dubious Advice To Small Investors

April 16, 2010 – Comments (4)

According to Henry Blodget, the small investor will always be at a disadvantage as long as he or she doesn’t have friends like Goldman Sachs Director, Rajat Gupta.   [more]

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14

Tea Party Changes Its Name To Flomax Party

April 15, 2010 – Comments (11)

According to the latest New York Times/CBS News poll,

The 18 percent of Americans who identify themselves as Tea Party supporters tend to be Republican, white, male, married and older than 45.

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9

No Freakin' Way

April 14, 2010 – Comments (2)

Lehman Seeks $110 For Back Tax Overpay

Sorry, Lehman. We need to put that money towards our prosecution of you.

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3

Lucifer's Hedge Fund

April 14, 2010 – Comments (1)

Can it get any more demonic than this?   [more]

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9

The Bailouts Worked!

April 13, 2010 – Comments (0)

Yesterday, Timothy Geithner, wearing a flightsuit, landed on an aircraft carrier, and announced that the bailouts were a smashing success.  [more]

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6

More Shenanigans From Lenny Dykstra

April 12, 2010 – Comments (0)

Lenny Dykstra, who Jim Cramer called ‘one of the great ones in this business,’ suffered a setback last week in his attempt to have his bankruptcy case dismissed.  [more]

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2

Nike's 'Unforgettable' Tiger Woods Ad

April 09, 2010 – Comments (1)

So, what was Nike thinking by running the new Tiger Woods ad?  [more]

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6

Goldman Sachs: Regulations Will Be Kind To Us...

April 08, 2010 – Comments (1)

...because we intend to write them.

Here’s the unintentionally ironic quote from Goldman’s letter to shareholders, “during our history our firm has demonstrated an ability to quickly and effectively adapt to regulatory change.”

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8

The Best Of Times And Worst Of Times

April 02, 2010 – Comments (3)

“They’re kicking somebody who’s already in the dirt.”  [more]

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3

A Blockbuster New Idea For Starbucks

April 01, 2010 – Comments (0)

In the past, Starbucks has expanded into music and even movies. And recently, it has launched a new instant coffee product. Now is the time, I believe, to think even bolder.    [more]

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