Because being too big to fail may beat being broken up? See more tonight on Bloomberg. This should be interesting. That's not the song some of Mack's peers in Europe are singing. From yesterday's FT: "Emilio Botín, chairman of Spain's Santander...
Detroit cops are apparently seizing property to raise money, according to a story on Clusterstock, an excellent part of BusinessInsider.com. New York City, where I live, is notorious for towing an illegally parked car --- even if it's only a...
Two former Bear Stearns hedge fund managers were found not guilty of fraud charges today. This is a victory of common sense. All the two asset managers --- Ralph R. Cioffi and Matthew M. Tannin whose mortgage-related funds blew up in 2007 --- did...
Goldman Sachs and Morgan Stanley shares have climbed by about 114 percent in the last 12 months (as of yesterday's close). That begs the question: Are investors overly optimistic? Or is this just some momentum game traders are playing? ...
Pelosi's health care surtax on the rich (which would affect just 0.3% of filers) would mean that they would pay 36% of federal income taxes, says the Tax Foundation.
The non-partisan Tax Foundation today said that the government spends so much money, "Federal income tax rates would have to be nearly tripled across the income spectrum if Congress were to close the deficit in fiscal year 2010. Instead of taxing...
Hedge funds, according to Morningstar, are getting their groove back. The Morningstar 1000 Hedge Fund Index climbed 7.4 percent in the third quarter and 17.2 percent through the first ning months of 2009. Of course, hedge funds haven't regained...
