Money & Power
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Solve the fiscal cliff revenue issue by eliminating...
The Obama administration wants to raise $1.6 trillion in revenue over ten years and the Republicans have countered with a proposal to raise $800 billion throughunspecified eliminations of deductions and loopholes. There is one deduction that can be eliminated that … Continue reading →
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The analysts firings at Citi
In July, I wrote an article on analyst’s research to whom analysts owe fidelity and to whom they don’t and that the majority opinion and SEC view on this issue is both unconstitutional and bad policy. You can find it … Continue reading →
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What to look for in the Presidential election
When Mitt Romney picked Paul Ryan I wrote an article that it reflected that he was trailing and needed to energize the conservative base, but that Ohio Senator Rob Portman might have proved a better choice. Ryan has not been … Continue reading →
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Paul Ryan and what his selection says about what Romney...
The history of “startling” or controversial choices for Vice-Presidential running mates often means the Presidential candidate is in deep trouble. The safe and most electorally advantaged selection for Romney would have been Ohio Senator Rob Portman who was presumed to … Continue reading →
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An unconscionable security
Floyd Norris of the NY Times wrote a piece on how big banks hosed retail investors on a complicated security. Of course, the bank does not see it this way. The bank in question is Wells Fargo whiach actually inherited … Continue reading →
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Why Glass-Steagall doesn’t matter
It was big news that Sandy Weill recommended re-enacting Glass Steagall which he helped bring down. People need a history lesson to realize the lack of Glass Steagall did not cause the 2008 meltdown nor did it prevent the S&L … Continue reading →
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Who owns analysts’ work?
Some in the media has done a tremendous job with an assist from the SEC in trying to confiscate private property for the public use without the benefit of due process enshrined in the Constitution. It almost sounds like eminent … Continue reading →
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Peering through the News Corp split hype
The investment community is riveted today by stories that News Corporation (NWS) is considering splitting into two companies one holding its television and movie assets and the other its print publishing business, the latter which has been engulfed in scandal … Continue reading →
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We should not fear the end of the Euro
Robert Zoellick the outgoing chairman of the World Bank is saying the world is heading for a repeat of 2008 unless the Eurozone problem is solved. The Eurozone is a big problem but not on this level for several reasons. … Continue reading →
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From “tempest in a tea pot” to $2 billion loss in one...
JP Morgan has released almost no detail on the positions that caused it to report a $2 billion loss. It has only said it was a position put on to hedge global credit exposure. There are press reports that is … Continue reading →
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