WorkbenchNo Description Providedencustomercare@support.cnbc.comhttp://media.cnbc.com/i/CNBC/CNBC_Images/componentbacks/logo_small.gif60Big Shift in ECB Balance Sheet a Sign of Banking Stress?Tens of billions of funding support for European banks appears to have shifted to the emergency lending assistance program of the European Central Bank from the long-term refinancing operations, an indication that some European banks may be in dire financial straits.Tens of billions of funding support for European banks appears to have shifted to the emergency lending assistance program of the European Central Bank from the long-term refinancing operations, an indication that some European banks may be in dire financial straits.]]>Tue, 29 May 2012 15:19 GMThttp://www.cnbc.com//id/47599957http://www.cnbc.com//id/47599957Bringing the Poppy Back to Wall StreetAn old tradition that deserves to be revived.An old tradition that deserves to be revived.]]>Fri, 25 May 2012 20:51 GMThttp://www.cnbc.com//id/47569776http://www.cnbc.com//id/47569776Carl Icahn Increases Stake in Chesapeake, Demands Board SeatsCarl Icahn raised his stake in Chesapeake Energy to 7.6 percent, according to an SEC filing. In a letter to Chesapeake's board, he also asked for two board seats and that another big shareholder get two board seats.Carl Icahn raised his stake in Chesapeake Energy to 7.6 percent, according to an SEC filing. In a letter to Chesapeake's board, he also asked for two board seats and that another big shareholder get two board seats.]]>Fri, 25 May 2012 20:50 GMThttp://www.cnbc.com//id/47570077http://www.cnbc.com//id/47570077Kansas City Fed President Steps Into Jamie Dimon DebateWhen Esther George says "no individual" is more important than the Fed, is she talking about the CEO of JP Morgan Chase?When Esther George says "no individual" is more important than the Fed, is she talking about the CEO of JP Morgan Chase?]]>Fri, 25 May 2012 18:24 GMThttp://www.cnbc.com//id/47567730http://www.cnbc.com//id/47567730Where Large Banks Fail, Regionals are Succeeding: BoveLarge regional banks are filling a lending void created by the biggest institutions' regulatory burdens and the competitive disadvantage of smaller companies, analyst Dick Bove said.Large regional banks are filling a lending void created by the biggest institutions' regulatory burdens and the competitive disadvantage of smaller companies, analyst Dick Bove said.]]>Fri, 25 May 2012 17:20 GMThttp://www.cnbc.com//id/47566800http://www.cnbc.com//id/47566800Facebook IPO Fiasco: 10 Things Underwriters Got WrongIf the stock market ever had 10 Commandments for initial public offerings, Facebook probably would have violated every one.If the stock market ever had 10 Commandments for initial public offerings, Facebook probably would have violated every one.]]>Fri, 25 May 2012 15:42 GMThttp://www.cnbc.com//id/47565498http://www.cnbc.com//id/47565498Bank of Greece Poised to Reveal Crucial DataThe Bank of Greece is due to update its website any day now with an Excel spreadsheet revealing the aggregate balance sheets of Greece's monetary and financial institutions. It will be the clearest indicator yet of the health — or lack thereof — of Greece's banking system.The Bank of Greece is due to update its website any day now with an Excel spreadsheet revealing the aggregate balance sheets of Greece's monetary and financial institutions. It will be the clearest indicator yet of the health — or lack thereof — of Greece's banking system.]]>Thu, 24 May 2012 20:03 GMThttp://www.cnbc.com//id/47556006http://www.cnbc.com//id/47556006Rumors of Bank Intervention Stir Euro MarketsMarkets in Europe surprised many by rallying despite bad economic news and gloom over Greece. Unconfirmed talk about central bank intervention may be behind the rally. Markets in Europe surprised many by rallying despite bad economic news and gloom over Greece. Unconfirmed talk about central bank intervention may be behind the rally. ]]>Thu, 24 May 2012 14:52 GMThttp://www.cnbc.com//id/47550856http://www.cnbc.com//id/47550856Last Call: Facebook Fiasco Is Heading Toward FarceFacebook CEO Sheryl Sandberg made her first post-IPO public appearance today. In a speech at Harvard Business School, she asked the newly-minted MBAs to pitch in and help Facebook’s bottom line.Facebook CEO Sheryl Sandberg made her first post-IPO public appearance today. In a speech at Harvard Business School, she asked the newly-minted MBAs to pitch in and help Facebook’s bottom line.]]>Thu, 24 May 2012 02:29 GMThttp://www.cnbc.com//id/47544785http://www.cnbc.com//id/47544785How to Get Fired From Goldman SachsGoldman has recently let a few employees go for taking jobs at private equity and hedge funds, set to start after their Goldman contracts expired.Goldman has recently let a few employees go for taking jobs at private equity and hedge funds, set to start after their Goldman contracts expired.]]>Wed, 23 May 2012 19:29 GMThttp://www.cnbc.com//id/47539157http://www.cnbc.com//id/47539157Why Facebook Stock May Have Hit a BottomAn analyst report describes the shares as a "buy." And there is a lot of chatter in the market that underwriters may step in to support the stock to keep it above $30.An analyst report describes the shares as a "buy." And there is a lot of chatter in the market that underwriters may step in to support the stock to keep it above $30.]]>Wed, 23 May 2012 16:25 GMThttp://www.cnbc.com//id/47536307http://www.cnbc.com//id/47536307Facebook Forecast Scandal's Big Question: Insider Trading?It’s possible that the underwriters’ analysts never were tipped off about any non-public information. Maybe they just all came to the same conclusion based on changes in the publicly filed IPO materials. But the only way to know for sure is for the SEC to investigate the matter.It’s possible that the underwriters’ analysts never were tipped off about any non-public information. Maybe they just all came to the same conclusion based on changes in the publicly filed IPO materials. But the only way to know for sure is for the SEC to investigate the matter.]]>Wed, 23 May 2012 14:15 GMThttp://www.cnbc.com//id/47534714http://www.cnbc.com//id/47534714Last Call: Facebook IPO Forensic Examination BeginsAs the controversy around the Facebook IPO grows, regulators say they will look into it; Moody’s lifts Ford’s credit rating; Dell shares slide after earning; Yahoo charts a new direction.As the controversy around the Facebook IPO grows, regulators say they will look into it; Moody’s lifts Ford’s credit rating; Dell shares slide after earning; Yahoo charts a new direction.]]>Wed, 23 May 2012 05:58 GMThttp://www.cnbc.com//id/47529964http://www.cnbc.com//id/47529964Case Against JPM Is 'Straightforward': AttorneyOn May 10, JPMorgan Chase reported a surprise $2 billion loss on a derivatives trade. Estimates of the loss have been upped to $3 billion. A class-action suit regarding the trade has been filed by the law firm Robbins Geller Rudman & Dowd. We spoke with Sam Rudman, a former attorney with the SEC Enforcement Division and a founding member of Robbins Geller, about the case.On May 10, JPMorgan Chase reported a surprise $2 billion loss on a derivatives trade. Estimates of the loss have been upped to $3 billion. A class-action suit regarding the trade has been filed by the law firm Robbins Geller Rudman & Dowd. We spoke with Sam Rudman, a former attorney with the SEC Enforcement Division and a founding member of Robbins Geller, about the case.]]>Tue, 22 May 2012 21:28 GMThttp://www.cnbc.com//id/47525951http://www.cnbc.com//id/47525951JPMorgan Facing 2007 'Kitchen Sink' Times Again?A few years ago, investor expectations of bank earnings were said to be “at rock bottom.” Bank analysts and journalists explained that the banks would report a “kitchen sink” quarter, in which they would take heavy losses and start “laying the groundwork for a strong recovery." That was 2007.A few years ago, investor expectations of bank earnings were said to be “at rock bottom.” Bank analysts and journalists explained that the banks would report a “kitchen sink” quarter, in which they would take heavy losses and start “laying the groundwork for a strong recovery." That was 2007.]]>Tue, 22 May 2012 20:40 GMThttp://www.cnbc.com//id/47525292http://www.cnbc.com//id/47525292Bill Ackman's J.C. Penney Presentation from Ira Sohn ConferenceLast Wednesday, J.C. Penney shares plunged nearly 20 percent—the worst decline ever for the retailer’s stock. The very same day, Bill Ackman, founder of Pershing Square Capital Management, gave a spirited defense of the company at the Ira Sohn conference.Last Wednesday, J.C. Penney shares plunged nearly 20 percent—the worst decline ever for the retailer’s stock. The very same day, Bill Ackman, founder of Pershing Square Capital Management, gave a spirited defense of the company at the Ira Sohn conference.]]>Tue, 22 May 2012 15:47 GMThttp://www.cnbc.com//id/47520783http://www.cnbc.com//id/47520783Last Call: Facebook Finger Pointing in Full BloomOn its second day of trading facebook falls 11 percent as FINRA says the will investigate the IPO. Altria introduces a nicotine lozenge and Apple remains the most valuable brand according to a recent study.On its second day of trading facebook falls 11 percent as FINRA says the will investigate the IPO. Altria introduces a nicotine lozenge and Apple remains the most valuable brand according to a recent study.]]>Tue, 22 May 2012 01:26 GMThttp://www.cnbc.com//id/47512756http://www.cnbc.com//id/47512756Is Kyle Bass Wrong on the Japan Trade?Kyle Bass may be one of the best-known hedge-fund investors in the world. His bets against subprime made him wealthy, and as close as you can come to being a celebrity while managing a hedge fund. These days, he is probably best known for his prediction that Japan is headed for a “bond crisis.”Kyle Bass may be one of the best-known hedge-fund investors in the world. His bets against subprime made him wealthy, and as close as you can come to being a celebrity while managing a hedge fund. These days, he is probably best known for his prediction that Japan is headed for a “bond crisis.”]]>Mon, 21 May 2012 21:37 GMThttp://www.cnbc.com//id/47510367http://www.cnbc.com//id/47510367Did Tim Geithner Just Tell Jamie Dimon to Resign From the Fed?Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed.  Here’s the answer.Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed.  Here’s the answer.]]>Fri, 18 May 2012 15:02 GMThttp://www.cnbc.com//id/47189549http://www.cnbc.com//id/47189549Rally Sign? Market Most Oversold Since Financial CrisisStocks are at their most oversold levels since the doom days of the financial crisis and bound for a rally, according to one measure.Stocks are at their most oversold levels since the doom days of the financial crisis and bound for a rally, according to one measure.]]>Fri, 18 May 2012 13:28 GMThttp://www.cnbc.com//id/47473723http://www.cnbc.com//id/47473723National Bank of Greece Had Negative Equity at Year EndNational Bank of Greece, the oldest Greek commercial bank, saw its financial condition so damaged by the crisis that it was operating with negative shareholder equity at the end of 2011.National Bank of Greece, the oldest Greek commercial bank, saw its financial condition so damaged by the crisis that it was operating with negative shareholder equity at the end of 2011.]]>Thu, 17 May 2012 18:14 GMThttp://www.cnbc.com//id/47464611http://www.cnbc.com//id/47464611Are Retail Investors Getting Hustled on Facebook?You've got to hand it to the guys at Morgan Stanley, Goldman Sachs and JPMorgan who have been running the Facebook initial public offering. They've orchestrated a nearly perfect IPO performance.You've got to hand it to the guys at Morgan Stanley, Goldman Sachs and JPMorgan who have been running the Facebook initial public offering. They've orchestrated a nearly perfect IPO performance.]]>Thu, 17 May 2012 14:52 GMThttp://www.cnbc.com//id/47461113http://www.cnbc.com//id/47461113Last Call: There's A Sale At Penny's!Markets get spooked by Greece, David Einhorn steals the show at the Ira Sohn Conference, JC Penny has its worst day ever, as IPO looms questions linger surrounding Facebook.Markets get spooked by Greece, David Einhorn steals the show at the Ira Sohn Conference, JC Penny has its worst day ever, as IPO looms questions linger surrounding Facebook.]]>Thu, 17 May 2012 01:25 GMThttp://www.cnbc.com//id/47454396http://www.cnbc.com//id/47454396Last Call: Whale WatchingFacebook increases its offering size, JC Penny doubles its loss, Greek banks see increased withdrawals, GM pulls Facebook ads, 13F disclosures reveal the moves large investors are making, Blackberry users are the unhappiest cellphone users.Facebook increases its offering size, JC Penny doubles its loss, Greek banks see increased withdrawals, GM pulls Facebook ads, 13F disclosures reveal the moves large investors are making, Blackberry users are the unhappiest cellphone users.]]>Wed, 16 May 2012 03:18 GMThttp://www.cnbc.com//id/47439534http://www.cnbc.com//id/47439534Hedge Funds Worry About JPMorgan ProbeHedge fund managers on the other side of the trades that resulted in over $2 billion in losses at JPMorgan Chase are worried about reports that the Justice Department is investigating the matter, according to a person familiar with the matter.Hedge fund managers on the other side of the trades that resulted in over $2 billion in losses at JPMorgan Chase are worried about reports that the Justice Department is investigating the matter, according to a person familiar with the matter.]]>Tue, 15 May 2012 18:13 GMThttp://www.cnbc.com//id/47432914http://www.cnbc.com//id/47432914Facebook’s Anti-Groupon AccountingFacebook’s payment network is its largest source of revenue after advertising. What’s most surprising to a cynic like me is how honestly Facebook accounts for revenues from the payment network. There’s no accounting trickery going on.Facebook’s payment network is its largest source of revenue after advertising. What’s most surprising to a cynic like me is how honestly Facebook accounts for revenues from the payment network. There’s no accounting trickery going on.]]>Tue, 15 May 2012 16:12 GMThttp://www.cnbc.com//id/47430920http://www.cnbc.com//id/47430920Last Call: Movin' On Up, PE Titan Pays Record Amount for NY Co-OpFacebook increases IPO range, Groupon beats estimates, Moody’s downgrades Italian banks, Tepper’s Appaloosa files 13F, private equity titan pays record price for Manhattan co-op.Facebook increases IPO range, Groupon beats estimates, Moody’s downgrades Italian banks, Tepper’s Appaloosa files 13F, private equity titan pays record price for Manhattan co-op.]]>Tue, 15 May 2012 04:06 GMThttp://www.cnbc.com//id/47422086http://www.cnbc.com//id/47422086Capital Controls Loom in GreeceIt looks increasingly likely that Greece will have to implement controls to prevent capital flight and a banking collapse. To my mind, the only real question is when this will occur.It looks increasingly likely that Greece will have to implement controls to prevent capital flight and a banking collapse. To my mind, the only real question is when this will occur.]]>Mon, 14 May 2012 18:49 GMThttp://www.cnbc.com//id/47417336http://www.cnbc.com//id/47417336Subprime Bonds Come Roaring BackEven Kyle Bass, the Texan hedge fund manager who made billions shorting mortgage bonds in the years before the financial crisis, is bullish on mortgage credit.Even Kyle Bass, the Texan hedge fund manager who made billions shorting mortgage bonds in the years before the financial crisis, is bullish on mortgage credit.]]>Sat, 12 May 2012 00:33 GMThttp://www.cnbc.com//id/47395058http://www.cnbc.com//id/47395058Last Call: "Call me Jamie": Dimon Meets His Moby DickJP Morgan shocks the financial world with a surprise 5pm conference call to announce a $2B in losses Yahoo CEO says he never gave the company his resume. Boone Pickens delivers a frank talk and video game sales see a 5th straight month of decline.JP Morgan shocks the financial world with a surprise 5pm conference call to announce a $2B in losses Yahoo CEO says he never gave the company his resume. Boone Pickens delivers a frank talk and video game sales see a 5th straight month of decline.]]>Fri, 11 May 2012 03:39 GMThttp://www.cnbc.com//id/47381773http://www.cnbc.com//id/47381773Volcker Rule Driving Talent to Hedge Funds: Daniel SternThe Volcker Rule is driving talented traders to leave large, well-known Wall Street investment banks for hedge funds, Reservoir Capital founder Daniel Stern said at the Skybridge Alternatives ( a.k.a., SALT ) investor summit.The Volcker Rule is driving talented traders to leave large, well-known Wall Street investment banks for hedge funds, Reservoir Capital founder Daniel Stern said at the Skybridge Alternatives ( a.k.a., SALT ) investor summit.]]>Thu, 10 May 2012 21:49 GMThttp://www.cnbc.com//id/47378726http://www.cnbc.com//id/47378726SALT Hedge Fund Trade: Long Portugal, Short IrelandOne of the more unexpected ideas to emerge from the Skybridge Alternatives investor summit has been investing in bonds issued by the government of Portugal.One of the more unexpected ideas to emerge from the Skybridge Alternatives investor summit has been investing in bonds issued by the government of Portugal.]]>Thu, 10 May 2012 21:22 GMThttp://www.cnbc.com//id/47378171http://www.cnbc.com//id/47378171Huge Institutional Investors Shifting Capital AllocationThe largest institutional investors in the world are increasingly looking for investments that generate positive "contractual" cash flows, as opposed to mark-to-market paper gains, according to both panelists and attendees at the Skybridge Alternatives Investor Summit.The largest institutional investors in the world are increasingly looking for investments that generate positive "contractual" cash flows, as opposed to mark-to-market paper gains, according to both panelists and attendees at the Skybridge Alternatives Investor Summit.]]>Thu, 10 May 2012 16:42 GMThttp://www.cnbc.com//id/47373585http://www.cnbc.com//id/47373585Last Call: Loeb Keeps Searching for Yahoo LeadershipActivist investor Daniel Loeb continues to put the heat on Yahoo, Cisco earnings beat but stock falls as they warn on outlook, Facebook says its mobile growth is growing faster than its advertising platform can keep up.Activist investor Daniel Loeb continues to put the heat on Yahoo, Cisco earnings beat but stock falls as they warn on outlook, Facebook says its mobile growth is growing faster than its advertising platform can keep up.]]>Thu, 10 May 2012 05:15 GMThttp://www.cnbc.com//id/47365677http://www.cnbc.com//id/47365677Contextualize This: Frank Turner's 'If Ever I Stray'Here's the video for Frank Turner's "If Ever I Stray." What we'd like you to do is take a jab at explaining why it fits current markets or global macroeconomic conditions. Winner gets a copy of Jeff Cox's "Debt, Deficits, and the Demise of the American Economy."Here's the video for Frank Turner's "If Ever I Stray." What we'd like you to do is take a jab at explaining why it fits current markets or global macroeconomic conditions. Winner gets a copy of Jeff Cox's "Debt, Deficits, and the Demise of the American Economy."]]>Wed, 09 May 2012 20:05 GMThttp://www.cnbc.com//id/47359543http://www.cnbc.com//id/47359543Is Norway Preparing for a European Bond Disaster?Norway's sovereign debt wealth fund was one of the best known holdouts against the Greek debt swap. And now it has sold all of its Irish and Portuguese government bonds, and reduced its holding of Spanish and Italian debt.Norway's sovereign debt wealth fund was one of the best known holdouts against the Greek debt swap. And now it has sold all of its Irish and Portuguese government bonds, and reduced its holding of Spanish and Italian debt.]]>Wed, 09 May 2012 19:07 GMThttp://www.cnbc.com//id/47358827http://www.cnbc.com//id/47358827SALT Summit: Nothing That Happens in Vegas Will Stay in VegasMy CNBC colleague Jeff Cox and I are off to spend the rest of the week in Las Vegas for the Skybridge Alternatives investor summit (SALT). You'll hear about the talk on the conference panels, of course. But I'll also strive to report on the latest talk in the hallways and around the card tables. And, of course, the poolside.My CNBC colleague Jeff Cox and I are off to spend the rest of the week in Las Vegas for the Skybridge Alternatives investor summit (SALT). You'll hear about the talk on the conference panels, of course. But I'll also strive to report on the latest talk in the hallways and around the card tables. And, of course, the poolside.]]>Wed, 09 May 2012 15:32 GMThttp://www.cnbc.com//id/47355153http://www.cnbc.com//id/47355153Will Greece Stiff the European Central Bank?Greece could stiff the holders of foreign law bonds who didn’t convert into the new bonds. There are debt payments under these bonds coming due any day now. It could also stiff the IMF, which is due payment on funds provided under the “old” bailout sometime next year.Greece could stiff the holders of foreign law bonds who didn’t convert into the new bonds. There are debt payments under these bonds coming due any day now. It could also stiff the IMF, which is due payment on funds provided under the “old” bailout sometime next year.]]>Tue, 08 May 2012 20:03 GMThttp://www.cnbc.com//id/47342963http://www.cnbc.com//id/47342963Why the Left Will Keep Winning ElectionsThe most striking thing about the victory of Francois Hollande in the French presidential elections is that the socialist won as the candidate of economic growth and independence. Not so very long ago, this would have seemed absurd.The most striking thing about the victory of Francois Hollande in the French presidential elections is that the socialist won as the candidate of economic growth and independence. Not so very long ago, this would have seemed absurd.]]>Tue, 08 May 2012 17:51 GMThttp://www.cnbc.com//id/47341229http://www.cnbc.com//id/47341229How the New Economics Explains Everything!My title is a bit of an exaggeration, of course. But it’s intended to inspire you to head on over to the opinion pages of the Financial Times and read Cullen Roche’s excellent article on the contributions of the modern monetary approach to our understanding of economics in the 21st century. (Read on for the link.)My title is a bit of an exaggeration, of course. But it’s intended to inspire you to head on over to the opinion pages of the Financial Times and read Cullen Roche’s excellent article on the contributions of the modern monetary approach to our understanding of economics in the 21st century. (Read on for the link.)]]>Tue, 08 May 2012 14:59 GMThttp://www.cnbc.com//id/47338421http://www.cnbc.com//id/47338421Last Call: Electronic Arts, Star Wars and a Disturbance in the ForceYahoo CEO issues an apology, EA Sports beats earnings but stock still slides, Wynn Resorts has disappointing performance in Las Vegas, Google’s self-driving car gets its first license.Yahoo CEO issues an apology, EA Sports beats earnings but stock still slides, Wynn Resorts has disappointing performance in Las Vegas, Google’s self-driving car gets its first license.]]>Tue, 08 May 2012 02:06 GMThttp://www.cnbc.com//id/47331114http://www.cnbc.com//id/47331114The Market That Just Won't CrashThe relative buoyancy of the markets in the wake of the French and Greek elections is the latest in a long series of crashes that barked but never bit.The relative buoyancy of the markets in the wake of the French and Greek elections is the latest in a long series of crashes that barked but never bit.]]>Mon, 07 May 2012 19:25 GMThttp://www.cnbc.com//id/47326879http://www.cnbc.com//id/47326879Facebook IPO Roadshow Disappoints Some InvestorsFacebook disappointed some potential investors as it kicked off its IPO roadshow in New York on Monday.Facebook disappointed some potential investors as it kicked off its IPO roadshow in New York on Monday.]]>Mon, 07 May 2012 18:33 GMThttp://www.cnbc.com//id/47325944http://www.cnbc.com//id/47325944A Generational Shift Away From Stocks?The New York Times does an excellent job describing the retreat from stock trading that is now in its fourth year. Volume on the equities exchanges are half what they were before the financial crisis. What's happened? It seems that stocks have gone out of fashion.The New York Times does an excellent job describing the retreat from stock trading that is now in its fourth year. Volume on the equities exchanges are half what they were before the financial crisis. What's happened? It seems that stocks have gone out of fashion.]]>Mon, 07 May 2012 18:10 GMThttp://www.cnbc.com//id/47325436http://www.cnbc.com//id/47325436A Modest Job Guarantee Proposal: Domestic Servant SubsidiesUnemployment in the United States is a lot like the weather: everyone talks about it but hardly anyone does anything about it.Unemployment in the United States is a lot like the weather: everyone talks about it but hardly anyone does anything about it.]]>Mon, 07 May 2012 14:28 GMThttp://www.cnbc.com//id/47322452http://www.cnbc.com//id/47322452Crazy Trade of the Week: Naked Shorting Facebook IPO GearThe Facebook IPO “teach-in” at JPMorgan chase has given rise to a host of ridiculous swag. And a unique trading opportunity.The Facebook IPO “teach-in” at JPMorgan chase has given rise to a host of ridiculous swag. And a unique trading opportunity.]]>Fri, 04 May 2012 22:18 GMThttp://www.cnbc.com//id/47300848http://www.cnbc.com//id/47300848The Wisdom of David Einhorn’s Jelly DonutsEarlier this week, Greenlight Capital President David Einhorn compared the Federal Reserves monetary policy to force-feeding someone too many jelly donuts. That’s just one of a bunch of colorful passages in Einhorn’s long Huffington Post essay.Earlier this week, Greenlight Capital President David Einhorn compared the Federal Reserves monetary policy to force-feeding someone too many jelly donuts. That’s just one of a bunch of colorful passages in Einhorn’s long Huffington Post essay.]]>Fri, 04 May 2012 19:19 GMThttp://www.cnbc.com//id/47298203http://www.cnbc.com//id/47298203Is Wall Street Hustling Facebook?Let me propose something that not many people are saying Friday morning: Facebook’s initial public offering price may be too low. Mark Zuckerberg may have been hustled by Wall Street—like so many other tech company founders.Let me propose something that not many people are saying Friday morning: Facebook’s initial public offering price may be too low. Mark Zuckerberg may have been hustled by Wall Street—like so many other tech company founders.]]>Fri, 04 May 2012 17:27 GMThttp://www.cnbc.com//id/47296872http://www.cnbc.com//id/47296872Nouriel Roubini to Michael Milken: 'We May Be Dead in the Short Run'It’s become an annual ritual at the Milken Institute Global Conference: Nouriel Roubini faces off with Michael Milken. Roubini began with an uncharacteristic optimism, quickly rattling off a series of “upside risks” to the global economy. Then it was time for the bad news.It’s become an annual ritual at the Milken Institute Global Conference: Nouriel Roubini faces off with Michael Milken. Roubini began with an uncharacteristic optimism, quickly rattling off a series of “upside risks” to the global economy. Then it was time for the bad news.]]>Thu, 03 May 2012 21:03 GMThttp://www.cnbc.com//id/47285747http://www.cnbc.com//id/47285747What’s This ‘Fiscal Cliff’ Anyway? Do I Need to Worry?"We do not see the doomsday scenario playing out," says one economist. "Policymakers are unlikely to drive the US economy off the fiscal cliff.""We do not see the doomsday scenario playing out," says one economist. "Policymakers are unlikely to drive the US economy off the fiscal cliff."]]>Wed, 02 May 2012 17:52 GMThttp://www.cnbc.com//id/47263088http://www.cnbc.com//id/47263088Dewey Gives Partners Permission to Poach AssociatesI'm still at the Milken Institute Global Conference in Los Angeles, which means I'm very far from the dramatic meltdown of Dewey & LeBoeuf. There are not, as far as I've been able to discover, any Dewey partners on the program of speakers. But I wanted to make a point about the internal memo the law firm has sent out, encouraging its partners to seek new jobs.I'm still at the Milken Institute Global Conference in Los Angeles, which means I'm very far from the dramatic meltdown of Dewey & LeBoeuf. There are not, as far as I've been able to discover, any Dewey partners on the program of speakers. But I wanted to make a point about the internal memo the law firm has sent out, encouraging its partners to seek new jobs.]]>Wed, 02 May 2012 15:56 GMThttp://www.cnbc.com//id/47263900http://www.cnbc.com//id/47263900Last Call: Herbalife 'Nobody Wears Shoes Here!'Herbalife stock takes a plunge on tough questioning, the company calls it a buying opportunity. Chesapeake Energy surprises with a Q1 loss, Sirius XM feuds with Liberty Media.Herbalife stock takes a plunge on tough questioning, the company calls it a buying opportunity. Chesapeake Energy surprises with a Q1 loss, Sirius XM feuds with Liberty Media.]]>Wed, 02 May 2012 03:28 GMThttp://www.cnbc.com//id/47256582http://www.cnbc.com//id/47256582Networking: A Very Milken MomentTheir conversation begins casually. The guy without the tie is from New York. He's involved in the tech sector. Specifically, he works for a start up intended to "disrupt higher education." The guy with the tie is from Paris, although he adds that he is of both French and Venezuelan descent...Their conversation begins casually. The guy without the tie is from New York. He's involved in the tech sector. Specifically, he works for a start up intended to "disrupt higher education." The guy with the tie is from Paris, although he adds that he is of both French and Venezuelan descent...]]>Tue, 01 May 2012 22:55 GMThttp://www.cnbc.com//id/47254639http://www.cnbc.com//id/47254639Where Are the Bond-Market Vigilantes?At a morning Milken Institute Global Conference panel on the overview for the United States economy, Milken Institute chief research officer Ross DeVol asked panelists whether “bond-market vigilantes” would force up U.S. interest rates in reaction to the federal government’s budget deficit.At a morning Milken Institute Global Conference panel on the overview for the United States economy, Milken Institute chief research officer Ross DeVol asked panelists whether “bond-market vigilantes” would force up U.S. interest rates in reaction to the federal government’s budget deficit.]]>Tue, 01 May 2012 19:18 GMThttp://www.cnbc.com//id/47251235http://www.cnbc.com//id/47251235For Occupy Wall Street, Rain, Crowds and Career AdviceThe boisterous musical parade of Occupy Wall Street protesters took an unfortunate right turn in Manhattan Tuesday and wound up in some unfriendly territory.The boisterous musical parade of Occupy Wall Street protesters took an unfortunate right turn in Manhattan Tuesday and wound up in some unfriendly territory.]]>Tue, 01 May 2012 18:04 GMThttp://www.cnbc.com//id/47248701http://www.cnbc.com//id/47248701Is Gold a Commodity?In a decidedly bullish panel on commodities at the Milken Institute Global Conference, one area of bearishness stuck out: gold.In a decidedly bullish panel on commodities at the Milken Institute Global Conference, one area of bearishness stuck out: gold.]]>Tue, 01 May 2012 17:19 GMThttp://www.cnbc.com//id/47249173http://www.cnbc.com//id/47249173Facebook IPO, Private Equity and MilkenLast year, Carlyle Group co-founder David Rubenstein told the conference that he "blew it" when given the chance to be one of Facebook's first investors.Last year, Carlyle Group co-founder David Rubenstein told the conference that he "blew it" when given the chance to be one of Facebook's first investors.]]>Tue, 01 May 2012 16:50 GMThttp://www.cnbc.com//id/47248775http://www.cnbc.com//id/47248775Last Call: A Groupon-Like Stock Deal...On GrouponAllscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.Allscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.]]>Tue, 01 May 2012 02:34 GMThttp://www.cnbc.com//id/47240282http://www.cnbc.com//id/47240282Occupy Wall Street: They're Back, But Does Anyone Care?After spending 2011 near the top of the news headlines, Occupy Wall Street finds itself in a struggle to regain relevance as a grassroots protest against corporate greed and Washington corruption.After spending 2011 near the top of the news headlines, Occupy Wall Street finds itself in a struggle to regain relevance as a grassroots protest against corporate greed and Washington corruption.]]>Mon, 30 Apr 2012 18:13 GMThttp://www.cnbc.com//id/47233587http://www.cnbc.com//id/47233587NetNet Takes LA: The Milken Institute ConferenceNext week, NetNet will be written out of Los Angeles. I'm flying out for the Milken Institute conference, which runs Sunday through Wednesday. Loyal readers will recall that I covered the conference last year and the year before that. Here's a write up I did for our special Milken Institute page...Next week, NetNet will be written out of Los Angeles. I'm flying out for the Milken Institute conference, which runs Sunday through Wednesday. Loyal readers will recall that I covered the conference last year and the year before that. Here's a write up I did for our special Milken Institute page...]]>Fri, 27 Apr 2012 19:59 GMThttp://www.cnbc.com//id/47208988http://www.cnbc.com//id/47208988Economy's Biggest Drag Right Now Is GovernmentGovernment has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace.Government has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace.]]>Fri, 27 Apr 2012 17:12 GMThttp://www.cnbc.com//id/47205997http://www.cnbc.com//id/47205997Last Call: The Spinal Tap TreatmentAllscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.Allscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.]]>Fri, 27 Apr 2012 03:41 GMThttp://www.cnbc.com//id/47199333http://www.cnbc.com//id/47199333Is Selling Scoops Really Insider Trading?After my piece arguing that newspapers selling scoops to hedge funds would be violating insider trading laws, a number of people pointed out that my argument only took into account the “classical” theory of insider trading and left out what’s known as the “misappropriation theory.”After my piece arguing that newspapers selling scoops to hedge funds would be violating insider trading laws, a number of people pointed out that my argument only took into account the “classical” theory of insider trading and left out what’s known as the “misappropriation theory.”]]>Thu, 26 Apr 2012 21:16 GMThttp://www.cnbc.com//id/47195319http://www.cnbc.com//id/47195319Could The New York Times Sell Its Scoops to Hedge Funds?Felix Salmon has raised an interesting question: could The New York Times sell early access to market-moving scoops to hedge funds?Felix Salmon has raised an interesting question: could The New York Times sell early access to market-moving scoops to hedge funds?]]>Thu, 26 Apr 2012 19:49 GMThttp://www.cnbc.com//id/47193585http://www.cnbc.com//id/47193585New Jobs Growth Trend? Nonprofit Pursuit of HappinessWhen 27 year-old Damali Elliott started the non-profit Petals-N-Belles three years ago, she gave up a promising career in public relations. It was a decision criticized by her friends and family. But that unconventional choice may soon pay off.When 27 year-old Damali Elliott started the non-profit Petals-N-Belles three years ago, she gave up a promising career in public relations. It was a decision criticized by her friends and family. But that unconventional choice may soon pay off.]]>Thu, 26 Apr 2012 17:21 GMThttp://www.cnbc.com//id/47191291http://www.cnbc.com//id/47191291Wal-Mart Could Face Steep Penalties: AttorneyWe spoke with Stephen Binhak , a white-collar criminal defense attorney in private practice in Miami, and an expert on the FCPA. He was formerly with Greenberg, Traurig; was an Assistant US Attorney; and was also Associate Independent Counsel to Ken Starr on the Pres. Clinton impeachment investigation.We spoke with Stephen Binhak , a white-collar criminal defense attorney in private practice in Miami, and an expert on the FCPA. He was formerly with Greenberg, Traurig; was an Assistant US Attorney; and was also Associate Independent Counsel to Ken Starr on the Pres. Clinton impeachment investigation.]]>Thu, 26 Apr 2012 15:24 GMThttp://www.cnbc.com//id/47189562http://www.cnbc.com//id/47189562What Falling Milk Prices Say About an Economic SlowdownThe decline of milk prices this year has been a welcome development for consumers pressured by $4 a gallon gas, but could be a bad sign for the economy.The decline of milk prices this year has been a welcome development for consumers pressured by $4 a gallon gas, but could be a bad sign for the economy.]]>Thu, 26 Apr 2012 14:57 GMThttp://www.cnbc.com//id/47187994http://www.cnbc.com//id/47187994Last Call: Frank Sinatra and the Las Vegas SandsThe Fed says no action is the best action, Tim Geithner tells CNBC the US economy is gradually getting stronger, Las Vegas Sands Corp. beats earnings but falls slightly after hours and the VC firm behind some of the biggest names in tech make a groundbreaking charitable pledge.The Fed says no action is the best action, Tim Geithner tells CNBC the US economy is gradually getting stronger, Las Vegas Sands Corp. beats earnings but falls slightly after hours and the VC firm behind some of the biggest names in tech make a groundbreaking charitable pledge.]]>Thu, 26 Apr 2012 02:03 GMThttp://www.cnbc.com//id/47182730http://www.cnbc.com//id/47182730Blankfein’s Reemergence Means He’s Staying at GoldmanGoldman CEO comes out of the shadows. Don't expect him to retire soon.Goldman CEO comes out of the shadows. Don't expect him to retire soon.]]>Wed, 25 Apr 2012 19:52 GMThttp://www.cnbc.com//id/47175494http://www.cnbc.com//id/47175494Goldman Bond Guru: Growth Markets More Appealing Than Treasurys“When you think about it just from a fiscal standpoint, the developed markets, the large markets, look kind of scary and the growth markets actually look pretty appealing from a risk perspective,” Jon Beinner said.“When you think about it just from a fiscal standpoint, the developed markets, the large markets, look kind of scary and the growth markets actually look pretty appealing from a risk perspective,” Jon Beinner said.]]>Wed, 25 Apr 2012 16:59 GMThttp://www.cnbc.com//id/47173810http://www.cnbc.com//id/47173810How to Fix Social Security for Less Than $50Over at Forbes, Josh Barro has a response to the recent news about the Social Security trust fund that is both funny and wise.Over at Forbes, Josh Barro has a response to the recent news about the Social Security trust fund that is both funny and wise.]]>Wed, 25 Apr 2012 14:55 GMThttp://www.cnbc.com//id/47173814http://www.cnbc.com//id/47173814Bank Stocks to Have 'Long, Hot Summer': BoveThough he has been telling investors to buy bank stocks with all their might, analyst Dick Bove says this summer could require a strong stomach for those who followed the advice.Though he has been telling investors to buy bank stocks with all their might, analyst Dick Bove says this summer could require a strong stomach for those who followed the advice.]]>Tue, 24 Apr 2012 19:31 GMThttp://www.cnbc.com//id/47161703http://www.cnbc.com//id/47161703Wait, Is Tim Geithner REALLY Going to Dartmouth?The New York Post's Page Six reported today (Tuesday) that the father of Geithner's wife boasted about an offer from Dartmouth at a dinner in New York City this afternoon. The story even hinted at a bit of corruption.The New York Post's Page Six reported today (Tuesday) that the father of Geithner's wife boasted about an offer from Dartmouth at a dinner in New York City this afternoon. The story even hinted at a bit of corruption.]]>Tue, 24 Apr 2012 16:38 GMThttp://www.cnbc.com//id/47159967http://www.cnbc.com//id/47159967Geithner to Dartmouth? A Family Secret Gets LeakedTim Geithner could be heading back to school so to speak, at least if his chatty father-in-law is to be believed.Tim Geithner could be heading back to school so to speak, at least if his chatty father-in-law is to be believed.]]>Tue, 24 Apr 2012 14:40 GMThttp://www.cnbc.com//id/47157308http://www.cnbc.com//id/47157308Last Call: If William Shakespeare Owned Netflix StockTonight’s top stories: NETFLIX delivers earnings inline with expectations but the stock plummet after hours. Facebook files and amended S-1, Texas Instruments CEO says things are on the upswing, Social Security outlook is lowered.Tonight’s top stories: NETFLIX delivers earnings inline with expectations but the stock plummet after hours. Facebook files and amended S-1, Texas Instruments CEO says things are on the upswing, Social Security outlook is lowered.]]>Tue, 24 Apr 2012 02:45 GMThttp://www.cnbc.com//id/47151742http://www.cnbc.com//id/47151742Would Guaranteed Jobs Undermine the Brooklyn Business Revolution?Shine perishing artisanal movment!Shine perishing artisanal movment!]]>Mon, 23 Apr 2012 20:55 GMThttp://www.cnbc.com//id/47148600http://www.cnbc.com//id/47148600Commentary: Why Are We So Stupid?Thirty-five percent of Americans flunked a recent test of basic political facts.Thirty-five percent of Americans flunked a recent test of basic political facts.]]>Mon, 23 Apr 2012 20:03 GMThttp://www.cnbc.com//id/47147245http://www.cnbc.com//id/47147245Spreadsheet Lover's 9.5 Girl Thinks He's 'Nice'One of the women on David Merkur's notorious spreadsheet thinks he's a "really nice guy." As I predicted, the backlash against the scorn poured upon Merkur is in full swing.One of the women on David Merkur's notorious spreadsheet thinks he's a "really nice guy." As I predicted, the backlash against the scorn poured upon Merkur is in full swing.]]>Fri, 20 Apr 2012 23:31 GMThttp://www.cnbc.com//id/47123093http://www.cnbc.com//id/47123093Democrats Against Stimulus—and JobsIt seems that the Obama administration is so caught up in its own class-warfare rhetoric that it prefers continuing to hold the Great Recession over Republicans, to cutting taxes on businesses.It seems that the Obama administration is so caught up in its own class-warfare rhetoric that it prefers continuing to hold the Great Recession over Republicans, to cutting taxes on businesses.]]>Fri, 20 Apr 2012 23:08 GMThttp://www.cnbc.com//id/47123006http://www.cnbc.com//id/47123006What Happens if You Tax Savings?Matt Ygelsias attempts an imaginative solution to the problem of attempting to use monetary policy to juice an economy when interest rates are already at the zero-boundary. Unfortunately, it won't work.Matt Ygelsias attempts an imaginative solution to the problem of attempting to use monetary policy to juice an economy when interest rates are already at the zero-boundary. Unfortunately, it won't work.]]>Fri, 20 Apr 2012 19:32 GMThttp://www.cnbc.com//id/47120342http://www.cnbc.com//id/47120342Women Defend the 'Creepy' Finance GuyIt seems I'm not the only one who thinks that the guy Jezebel labeled a "creepy finance guy" isn't really all that creepy.It seems I'm not the only one who thinks that the guy Jezebel labeled a "creepy finance guy" isn't really all that creepy.]]>Fri, 20 Apr 2012 18:01 GMThttp://www.cnbc.com//id/47119231http://www.cnbc.com//id/47119231Facebook IPO: What Instagram Deal Tells InvestorsMark Zuckerberg has done a great service to would-be investors in Facebook.Mark Zuckerberg has done a great service to would-be investors in Facebook.]]>Fri, 20 Apr 2012 16:27 GMThttp://www.cnbc.com//id/47117715http://www.cnbc.com//id/47117715Is 'Spreadsheet Lover' a Cyber Cad?This might not have been the brightest idea he’s ever had, but it doesn’t make him a bad guy in any way. His ranking of the women on a scale from 1 to 10 may rankle a few of the types who believe every one of us is a unique and precious snowflake—but it is hardly shocking.This might not have been the brightest idea he’s ever had, but it doesn’t make him a bad guy in any way. His ranking of the women on a scale from 1 to 10 may rankle a few of the types who believe every one of us is a unique and precious snowflake—but it is hardly shocking.]]>Thu, 19 Apr 2012 21:43 GMThttp://www.cnbc.com//id/47107190http://www.cnbc.com//id/47107190BofA Still Fighting with Fannie, Freddie, Mortgage InvestorsBank of America put in a good first quarter for 2012. Trading in bonds, interest rates and currencies boosted earnings. Provisions for bad loans shrunk to the lowest levels since 2007. But one negative continues to weigh on the bank: the fight over old loans sold to Fannie Mae, Freddie Mac and private investors.Bank of America put in a good first quarter for 2012. Trading in bonds, interest rates and currencies boosted earnings. Provisions for bad loans shrunk to the lowest levels since 2007. But one negative continues to weigh on the bank: the fight over old loans sold to Fannie Mae, Freddie Mac and private investors.]]>Thu, 19 Apr 2012 16:08 GMThttp://www.cnbc.com//id/47102497http://www.cnbc.com//id/47102497Goldman Partners Sitting Pretty on PaySure, Goldman Sachs cut its overall accrual for employee pay and benefits in the first quarter by 16 percent. But the amount of compensation per partner appears to have declined by far less...Sure, Goldman Sachs cut its overall accrual for employee pay and benefits in the first quarter by 16 percent. But the amount of compensation per partner appears to have declined by far less...]]>Wed, 18 Apr 2012 23:28 GMThttp://www.cnbc.com//id/47093191http://www.cnbc.com//id/47093191Citi CEO Vikram Pandit Selling His Conn. EstateJust a day after shareholders rejected Citigroup chief executive Vikram Pandit’s pay package, the word is out that Pandit is selling a 2.3 acre estate in Greenwich, Conn. for an asking price of $4,300,000.Just a day after shareholders rejected Citigroup chief executive Vikram Pandit’s pay package, the word is out that Pandit is selling a 2.3 acre estate in Greenwich, Conn. for an asking price of $4,300,000.]]>Wed, 18 Apr 2012 22:36 GMThttp://www.cnbc.com//id/47092597http://www.cnbc.com//id/47092597Why Citigroup Will Likely Be Sued Over Vikram Pandit’s PayThe shareholder rejection of Citigroup’s executive compensation package leaves the company with few options—none of them good.The shareholder rejection of Citigroup’s executive compensation package leaves the company with few options—none of them good.]]>Wed, 18 Apr 2012 19:48 GMThttp://www.cnbc.com//id/47089838http://www.cnbc.com//id/47089838Spreadsheet Love: A NYC Dating TaleSo recently, I sent this video to a girl who was frustrated with dating in New York. The video is of Lucy pulling the ball away from Charlie Brown, again...So recently, I sent this video to a girl who was frustrated with dating in New York. The video is of Lucy pulling the ball away from Charlie Brown, again...]]>Tue, 17 Apr 2012 15:19 GMThttp://www.cnbc.com//id/47074232http://www.cnbc.com//id/47074232Pimco and the JPMorgan Whale: CHIP-ing Away at a ScandalI got the idea for this trade from a credit trader at a rival bank based in Europe. But it turns out that it was also recommended a year and a half ago by Pimco managing director Mihir Worah.I got the idea for this trade from a credit trader at a rival bank based in Europe. But it turns out that it was also recommended a year and a half ago by Pimco managing director Mihir Worah.]]>Tue, 17 Apr 2012 14:48 GMThttp://www.cnbc.com//id/47073854http://www.cnbc.com//id/47073854Fed Release Is Absurdly RedactedThe Federal Reserve released 513 pages of previously unseen transcripts of policy meetings that took place between 2007 and 2010—and most of them are so heavily redacted that they elicit laughter.The Federal Reserve released 513 pages of previously unseen transcripts of policy meetings that took place between 2007 and 2010—and most of them are so heavily redacted that they elicit laughter.]]>Mon, 16 Apr 2012 22:09 GMThttp://www.cnbc.com//id/47066627http://www.cnbc.com//id/47066627Fed's Fisher Changed His Vote On Crisis Interest Rates Over LunchFederal Reserve Bank of Dallas President Richard Fisher initially provided the only "No" vote on a motion before the Federal Open Market Committee at the height of the financial crisis—only to reverse his vote after an unrecorded lunch break, according to a heavily redacted transcript of Fed documents released Monday afternoon.Federal Reserve Bank of Dallas President Richard Fisher initially provided the only "No" vote on a motion before the Federal Open Market Committee at the height of the financial crisis—only to reverse his vote after an unrecorded lunch break, according to a heavily redacted transcript of Fed documents released Monday afternoon.]]>Mon, 16 Apr 2012 20:49 GMThttp://www.cnbc.com//id/47065735http://www.cnbc.com//id/47065735Pimco's Neel Kashkari: Deficits Prop Up Stock MarketA lot of people would argue that Kashkari, the former Goldman Sachs banker turned Hank Paulson Treasury Department TARP right hand man turned Pimco stock picker, has always been interesting. But Kashkari's latest essay for Pimco's "Equity Focus" column is interesting in an entirely new way.A lot of people would argue that Kashkari, the former Goldman Sachs banker turned Hank Paulson Treasury Department TARP right hand man turned Pimco stock picker, has always been interesting. But Kashkari's latest essay for Pimco's "Equity Focus" column is interesting in an entirely new way.]]>Mon, 16 Apr 2012 17:16 GMThttp://www.cnbc.com//id/47063172http://www.cnbc.com//id/47063172Is This the Book that Inspired Jamie Dimon's Warnings About Regulation?Dimon sounds like he's read "A Perfect Storm."Dimon sounds like he's read "A Perfect Storm."]]>Fri, 13 Apr 2012 20:38 GMThttp://www.cnbc.com//id/47044647http://www.cnbc.com//id/47044647What the ‘London Whale’ Is (Probably) DoingIn a conference call following this morning’s earnings announcement, JPMorgan Chase Chief Financial Officer Doug Braunstein basically laughed off the idea that a London-based trader in the bank’s chief investment office was engaging in large proprietary trades that were distorting the market in credit default swaps for investment grade corporate bonds.In a conference call following this morning’s earnings announcement, JPMorgan Chase Chief Financial Officer Doug Braunstein basically laughed off the idea that a London-based trader in the bank’s chief investment office was engaging in large proprietary trades that were distorting the market in credit default swaps for investment grade corporate bonds.]]>Fri, 13 Apr 2012 15:58 GMThttp://www.cnbc.com//id/47040996http://www.cnbc.com//id/47040996Last Call: Google Announces Stock Split, Wall Street Goes BananasTonight’s top stories: Markets bounce back after down spell, Dow has best day in a month.  Wall Street reaction to Google’s two for one stock split. Best Buy investigation into CEO behavior continues. Will we see a black CAT on Friday the 13th? Video game sales continue decline.Tonight’s top stories: Markets bounce back after down spell, Dow has best day in a month.  Wall Street reaction to Google’s two for one stock split. Best Buy investigation into CEO behavior continues. Will we see a black CAT on Friday the 13th? Video game sales continue decline.]]>Fri, 13 Apr 2012 02:34 GMThttp://www.cnbc.com//id/47036300http://www.cnbc.com//id/47036300US Needs to 'Build Huge Banks,' Not Break Them Up: BoveThe U.S. needs more big banks, not less, if it is going to remain a world power and avoid the fate of some debt-laden European countries, analyst Dick Bove said.The U.S. needs more big banks, not less, if it is going to remain a world power and avoid the fate of some debt-laden European countries, analyst Dick Bove said.]]>Thu, 12 Apr 2012 19:38 GMThttp://www.cnbc.com//id/47032009http://www.cnbc.com//id/47032009Why Facebook Is a Threat to Google’s EarningsAdvertisers want to target their ads to the people most likely to be receptive to them, and information is the key to targeting. The more information available, the better the targeting.Advertisers want to target their ads to the people most likely to be receptive to them, and information is the key to targeting. The more information available, the better the targeting.]]>Thu, 12 Apr 2012 16:46 GMThttp://www.cnbc.com//id/47030496http://www.cnbc.com//id/47030496Fed's Dudley: Economy Barely Keeping UpBill Dudley, the president of the New York Federal Reserve bank, indicated that he is most likely supporting additional action by the Federal Reserve to speed up the economy.Bill Dudley, the president of the New York Federal Reserve bank, indicated that he is most likely supporting additional action by the Federal Reserve to speed up the economy.]]>Thu, 12 Apr 2012 15:51 GMThttp://www.cnbc.com//id/47029910http://www.cnbc.com//id/47029910Last Call: Listen to the Music StreamHere's what people are talking about tonight: Former Grateful Dead guitarist Bob Weir inks music streaming deal with Yahoo and Google's upcoming earnings.Here's what people are talking about tonight: Former Grateful Dead guitarist Bob Weir inks music streaming deal with Yahoo and Google's upcoming earnings.]]>Thu, 12 Apr 2012 02:40 GMThttp://www.cnbc.com//id/47023938http://www.cnbc.com//id/47023938Stress Tests Create ‘False Sense of Security’: Fed’s GeorgeIt's not every day that a bank regulator argues that financial regulations and monetary policy contributed to the near collapse of the financial system.It's not every day that a bank regulator argues that financial regulations and monetary policy contributed to the near collapse of the financial system.]]>Wed, 11 Apr 2012 15:58 GMThttp://www.cnbc.com//id/47017570http://www.cnbc.com//id/47017570NetNet Quarterly Report: Predictions 2012I'm two for five after the first quarter!I'm two for five after the first quarter!]]>Wed, 11 Apr 2012 15:20 GMThttp://www.cnbc.com//id/47007218http://www.cnbc.com//id/47007218Last Call: Best Buy CEO Steps AsideHere's what people are talking about tonight: Best Buy CEO resigning in the midst of a company probe, where the Dow is headed and Alcoa's stellar earnings.Here's what people are talking about tonight: Best Buy CEO resigning in the midst of a company probe, where the Dow is headed and Alcoa's stellar earnings.]]>Wed, 11 Apr 2012 02:42 GMThttp://www.cnbc.com//id/47011821http://www.cnbc.com//id/47011821Will Facebook’s Instagram Deal Face Antitrust Scrutiny?The huge pricetag for Instagram may raise regulatory red flags.The huge pricetag for Instagram may raise regulatory red flags.]]>Tue, 10 Apr 2012 17:19 GMThttp://www.cnbc.com//id/47006453http://www.cnbc.com//id/47006453Last Call: A Picture is Worth a Thousand Words, Instagram Worth $1 BillionHere's what people are talking about tonight: Facebook buying Instagram for a billion dollars and AOL's sizeable cash pile.Here's what people are talking about tonight: Facebook buying Instagram for a billion dollars and AOL's sizeable cash pile.]]>Tue, 10 Apr 2012 01:42 GMThttp://www.cnbc.com//id/46999340http://www.cnbc.com//id/46999340Last Call: Facebook Friends NasdaqHere's what people are talking about tonight: Facebook likes Nasdaq, Egan-Jones cuts U.S. credit rating and Yahoo plans a meeting to discuss future.Here's what people are talking about tonight: Facebook likes Nasdaq, Egan-Jones cuts U.S. credit rating and Yahoo plans a meeting to discuss future.]]>Fri, 06 Apr 2012 01:57 GMThttp://www.cnbc.com//id/46973031http://www.cnbc.com//id/46973031Here’s Another SEC Regulation that Helped Cause the Financial CrisisA lot of people—including the government’s Financial Crisis Inquiry Commission—tend to view the financial crisis as a result of a failure of capitalism or a result of deregulation. There’s some truth to this. But the role that regulatory constraints on market actors played in the crisis still doesn’t get enough attention.A lot of people—including the government’s Financial Crisis Inquiry Commission—tend to view the financial crisis as a result of a failure of capitalism or a result of deregulation. There’s some truth to this. But the role that regulatory constraints on market actors played in the crisis still doesn’t get enough attention.]]>Thu, 05 Apr 2012 23:09 GMThttp://www.cnbc.com//id/46971868http://www.cnbc.com//id/46971868A Timely Banking Lesson From the Paul Volcker EraA dramatic change in the conduct of monetary policy that occurred in 1979 can shed some light on the current confusion over the role of reserves in bank lending.A dramatic change in the conduct of monetary policy that occurred in 1979 can shed some light on the current confusion over the role of reserves in bank lending.]]>Thu, 05 Apr 2012 21:30 GMThttp://www.cnbc.com//id/46970524http://www.cnbc.com//id/46970524What Really Constrains Bank LendingThe idea that banks are not constrained by reserve levels—because they can always borrow required reserves should they fall short—shouldn’t leave anyone with the impression that banks do not face serious constraints on their lending.The idea that banks are not constrained by reserve levels—because they can always borrow required reserves should they fall short—shouldn’t leave anyone with the impression that banks do not face serious constraints on their lending.]]>Thu, 05 Apr 2012 21:06 GMThttp://www.cnbc.com//id/46970418http://www.cnbc.com//id/46970418Greece Plays Chicken With Bondholders...AgainRemember when everyone worried that Greece would default on its bonds? Now the concern is that Greece might not default on certain bonds...Remember when everyone worried that Greece would default on its bonds? Now the concern is that Greece might not default on certain bonds...]]>Thu, 05 Apr 2012 16:18 GMThttp://www.cnbc.com//id/46966234http://www.cnbc.com//id/46966234Last Call: The Future Looks Bright For JPMSharpen your pencils, it's Last Call quiz time.Sharpen your pencils, it's Last Call quiz time.]]>Thu, 05 Apr 2012 02:15 GMThttp://www.cnbc.com//id/46959405http://www.cnbc.com//id/46959405Morgan Stanley Downgrades Chance of Fed EasingMorgan Stanley has downgraded its forecast of further quantitative easing by the Federal Reserve to one-out-of-three chance from two out of three.Morgan Stanley has downgraded its forecast of further quantitative easing by the Federal Reserve to one-out-of-three chance from two out of three.]]>Wed, 04 Apr 2012 16:40 GMThttp://www.cnbc.com//id/46953286http://www.cnbc.com//id/46953286Last Call: Taking Burger King Public AgainSharpen your pencils, it's Last Call quiz time.Sharpen your pencils, it's Last Call quiz time.]]>Wed, 04 Apr 2012 02:21 GMThttp://www.cnbc.com//id/46946325http://www.cnbc.com//id/46946325The Irrelevance of Bank ReservesIf you're feeling a bit lost when it comes to all this talk about bank lending not being "reserve constrained," you aren't alone.If you're feeling a bit lost when it comes to all this talk about bank lending not being "reserve constrained," you aren't alone.]]>Tue, 03 Apr 2012 22:55 GMThttp://www.cnbc.com//id/46945308http://www.cnbc.com//id/46945308Paul Krugman vs. MMT: The Great DebateThere’s a tremendously important debate being waged across a bunch of different websites, including Paul Krugman’s at The New York Times, about how banking really works.There’s a tremendously important debate being waged across a bunch of different websites, including Paul Krugman’s at The New York Times, about how banking really works.]]>Tue, 03 Apr 2012 22:42 GMThttp://www.cnbc.com//id/46944145http://www.cnbc.com//id/46944145St. Louis Fed Blows Subprime StudyA new study on the government's role in housing bubble doesn't really add up.A new study on the government's role in housing bubble doesn't really add up.]]>Tue, 03 Apr 2012 11:33 GMThttp://www.cnbc.com//id/46929912http://www.cnbc.com//id/46929912Last Call: 2 AprilAll the world loves a clown, except on the taxpayers dime.All the world loves a clown, except on the taxpayers dime.]]>Tue, 03 Apr 2012 01:33 GMThttp://www.cnbc.com//id/46933745http://www.cnbc.com//id/46933745How a Failed Deal Got Goldman Entangled in Sex TraffickingGoldman never meant to own a piece of the largest prostitution ad service. Here's the story of how it happened.Goldman never meant to own a piece of the largest prostitution ad service. Here's the story of how it happened.]]>Mon, 02 Apr 2012 21:51 GMThttp://www.cnbc.com//id/46929898http://www.cnbc.com//id/46929898Barclays Capital’s Wieseneck to Lead Investment Bank StrategyAs the face of investment banking changes, Barclays Capital is appointing Lehman Brothers alum Larry Wieseneck to a newly created position spearheading the group’s strategy.As the face of investment banking changes, Barclays Capital is appointing Lehman Brothers alum Larry Wieseneck to a newly created position spearheading the group’s strategy.]]>Mon, 02 Apr 2012 17:09 GMThttp://www.cnbc.com//id/46928318http://www.cnbc.com//id/46928318Pimco ETF Rakes In Cash Despite Continued Stock RallyInvestors have flocked to Pimco's new bond ETF, which has had meager returns so far, despite a 25 percent-plus stock rally.Investors have flocked to Pimco's new bond ETF, which has had meager returns so far, despite a 25 percent-plus stock rally.]]>Fri, 30 Mar 2012 18:13 GMThttp://www.cnbc.com//id/46905929http://www.cnbc.com//id/46905929Big Shift in ECB Balance Sheet a Sign of Banking Stress?Tens of billions of funding support for European banks appears to have shifted to the emergency lending assistance program of the European Central Bank from the long-term refinancing operations, an indication that some European banks may be in dire financial straits.Tens of billions of funding support for European banks appears to have shifted to the emergency lending assistance program of the European Central Bank from the long-term refinancing operations, an indication that some European banks may be in dire financial straits.]]>Tue, 29 May 2012 15:19 GMThttp://www.cnbc.com//id/47599957http://www.cnbc.com//id/47599957Bringing the Poppy Back to Wall StreetAn old tradition that deserves to be revived.An old tradition that deserves to be revived.]]>Fri, 25 May 2012 20:51 GMThttp://www.cnbc.com//id/47569776http://www.cnbc.com//id/47569776Carl Icahn Increases Stake in Chesapeake, Demands Board SeatsCarl Icahn raised his stake in Chesapeake Energy to 7.6 percent, according to an SEC filing. In a letter to Chesapeake's board, he also asked for two board seats and that another big shareholder get two board seats.Carl Icahn raised his stake in Chesapeake Energy to 7.6 percent, according to an SEC filing. In a letter to Chesapeake's board, he also asked for two board seats and that another big shareholder get two board seats.]]>Fri, 25 May 2012 20:50 GMThttp://www.cnbc.com//id/47570077http://www.cnbc.com//id/47570077Kansas City Fed President Steps Into Jamie Dimon DebateWhen Esther George says "no individual" is more important than the Fed, is she talking about the CEO of JP Morgan Chase?When Esther George says "no individual" is more important than the Fed, is she talking about the CEO of JP Morgan Chase?]]>Fri, 25 May 2012 18:24 GMThttp://www.cnbc.com//id/47567730http://www.cnbc.com//id/47567730Where Large Banks Fail, Regionals are Succeeding: BoveLarge regional banks are filling a lending void created by the biggest institutions' regulatory burdens and the competitive disadvantage of smaller companies, analyst Dick Bove said.Large regional banks are filling a lending void created by the biggest institutions' regulatory burdens and the competitive disadvantage of smaller companies, analyst Dick Bove said.]]>Fri, 25 May 2012 17:20 GMThttp://www.cnbc.com//id/47566800http://www.cnbc.com//id/47566800Facebook IPO Fiasco: 10 Things Underwriters Got WrongIf the stock market ever had 10 Commandments for initial public offerings, Facebook probably would have violated every one.If the stock market ever had 10 Commandments for initial public offerings, Facebook probably would have violated every one.]]>Fri, 25 May 2012 15:42 GMThttp://www.cnbc.com//id/47565498http://www.cnbc.com//id/47565498Bank of Greece Poised to Reveal Crucial DataThe Bank of Greece is due to update its website any day now with an Excel spreadsheet revealing the aggregate balance sheets of Greece's monetary and financial institutions. It will be the clearest indicator yet of the health — or lack thereof — of Greece's banking system.The Bank of Greece is due to update its website any day now with an Excel spreadsheet revealing the aggregate balance sheets of Greece's monetary and financial institutions. It will be the clearest indicator yet of the health — or lack thereof — of Greece's banking system.]]>Thu, 24 May 2012 20:03 GMThttp://www.cnbc.com//id/47556006http://www.cnbc.com//id/47556006Rumors of Bank Intervention Stir Euro MarketsMarkets in Europe surprised many by rallying despite bad economic news and gloom over Greece. Unconfirmed talk about central bank intervention may be behind the rally. Markets in Europe surprised many by rallying despite bad economic news and gloom over Greece. Unconfirmed talk about central bank intervention may be behind the rally. ]]>Thu, 24 May 2012 14:52 GMThttp://www.cnbc.com//id/47550856http://www.cnbc.com//id/47550856Last Call: Facebook Fiasco Is Heading Toward FarceFacebook CEO Sheryl Sandberg made her first post-IPO public appearance today. In a speech at Harvard Business School, she asked the newly-minted MBAs to pitch in and help Facebook’s bottom line.Facebook CEO Sheryl Sandberg made her first post-IPO public appearance today. In a speech at Harvard Business School, she asked the newly-minted MBAs to pitch in and help Facebook’s bottom line.]]>Thu, 24 May 2012 02:29 GMThttp://www.cnbc.com//id/47544785http://www.cnbc.com//id/47544785How to Get Fired From Goldman SachsGoldman has recently let a few employees go for taking jobs at private equity and hedge funds, set to start after their Goldman contracts expired.Goldman has recently let a few employees go for taking jobs at private equity and hedge funds, set to start after their Goldman contracts expired.]]>Wed, 23 May 2012 19:29 GMThttp://www.cnbc.com//id/47539157http://www.cnbc.com//id/47539157Why Facebook Stock May Have Hit a BottomAn analyst report describes the shares as a "buy." And there is a lot of chatter in the market that underwriters may step in to support the stock to keep it above $30.An analyst report describes the shares as a "buy." And there is a lot of chatter in the market that underwriters may step in to support the stock to keep it above $30.]]>Wed, 23 May 2012 16:25 GMThttp://www.cnbc.com//id/47536307http://www.cnbc.com//id/47536307Facebook Forecast Scandal's Big Question: Insider Trading?It’s possible that the underwriters’ analysts never were tipped off about any non-public information. Maybe they just all came to the same conclusion based on changes in the publicly filed IPO materials. But the only way to know for sure is for the SEC to investigate the matter.It’s possible that the underwriters’ analysts never were tipped off about any non-public information. Maybe they just all came to the same conclusion based on changes in the publicly filed IPO materials. But the only way to know for sure is for the SEC to investigate the matter.]]>Wed, 23 May 2012 14:15 GMThttp://www.cnbc.com//id/47534714http://www.cnbc.com//id/47534714Last Call: Facebook IPO Forensic Examination BeginsAs the controversy around the Facebook IPO grows, regulators say they will look into it; Moody’s lifts Ford’s credit rating; Dell shares slide after earning; Yahoo charts a new direction.As the controversy around the Facebook IPO grows, regulators say they will look into it; Moody’s lifts Ford’s credit rating; Dell shares slide after earning; Yahoo charts a new direction.]]>Wed, 23 May 2012 05:58 GMThttp://www.cnbc.com//id/47529964http://www.cnbc.com//id/47529964Case Against JPM Is 'Straightforward': AttorneyOn May 10, JPMorgan Chase reported a surprise $2 billion loss on a derivatives trade. Estimates of the loss have been upped to $3 billion. A class-action suit regarding the trade has been filed by the law firm Robbins Geller Rudman & Dowd. We spoke with Sam Rudman, a former attorney with the SEC Enforcement Division and a founding member of Robbins Geller, about the case.On May 10, JPMorgan Chase reported a surprise $2 billion loss on a derivatives trade. Estimates of the loss have been upped to $3 billion. A class-action suit regarding the trade has been filed by the law firm Robbins Geller Rudman & Dowd. We spoke with Sam Rudman, a former attorney with the SEC Enforcement Division and a founding member of Robbins Geller, about the case.]]>Tue, 22 May 2012 21:28 GMThttp://www.cnbc.com//id/47525951http://www.cnbc.com//id/47525951JPMorgan Facing 2007 'Kitchen Sink' Times Again?A few years ago, investor expectations of bank earnings were said to be “at rock bottom.” Bank analysts and journalists explained that the banks would report a “kitchen sink” quarter, in which they would take heavy losses and start “laying the groundwork for a strong recovery." That was 2007.A few years ago, investor expectations of bank earnings were said to be “at rock bottom.” Bank analysts and journalists explained that the banks would report a “kitchen sink” quarter, in which they would take heavy losses and start “laying the groundwork for a strong recovery." That was 2007.]]>Tue, 22 May 2012 20:40 GMThttp://www.cnbc.com//id/47525292http://www.cnbc.com//id/47525292Bill Ackman's J.C. Penney Presentation from Ira Sohn ConferenceLast Wednesday, J.C. Penney shares plunged nearly 20 percent—the worst decline ever for the retailer’s stock. The very same day, Bill Ackman, founder of Pershing Square Capital Management, gave a spirited defense of the company at the Ira Sohn conference.Last Wednesday, J.C. Penney shares plunged nearly 20 percent—the worst decline ever for the retailer’s stock. The very same day, Bill Ackman, founder of Pershing Square Capital Management, gave a spirited defense of the company at the Ira Sohn conference.]]>Tue, 22 May 2012 15:47 GMThttp://www.cnbc.com//id/47520783http://www.cnbc.com//id/47520783Last Call: Facebook Finger Pointing in Full BloomOn its second day of trading facebook falls 11 percent as FINRA says the will investigate the IPO. Altria introduces a nicotine lozenge and Apple remains the most valuable brand according to a recent study.On its second day of trading facebook falls 11 percent as FINRA says the will investigate the IPO. Altria introduces a nicotine lozenge and Apple remains the most valuable brand according to a recent study.]]>Tue, 22 May 2012 01:26 GMThttp://www.cnbc.com//id/47512756http://www.cnbc.com//id/47512756Is Kyle Bass Wrong on the Japan Trade?Kyle Bass may be one of the best-known hedge-fund investors in the world. His bets against subprime made him wealthy, and as close as you can come to being a celebrity while managing a hedge fund. These days, he is probably best known for his prediction that Japan is headed for a “bond crisis.”Kyle Bass may be one of the best-known hedge-fund investors in the world. His bets against subprime made him wealthy, and as close as you can come to being a celebrity while managing a hedge fund. These days, he is probably best known for his prediction that Japan is headed for a “bond crisis.”]]>Mon, 21 May 2012 21:37 GMThttp://www.cnbc.com//id/47510367http://www.cnbc.com//id/47510367Did Tim Geithner Just Tell Jamie Dimon to Resign From the Fed?Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed.  Here’s the answer.Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed.  Here’s the answer.]]>Fri, 18 May 2012 15:02 GMThttp://www.cnbc.com//id/47189549http://www.cnbc.com//id/47189549Rally Sign? Market Most Oversold Since Financial CrisisStocks are at their most oversold levels since the doom days of the financial crisis and bound for a rally, according to one measure.Stocks are at their most oversold levels since the doom days of the financial crisis and bound for a rally, according to one measure.]]>Fri, 18 May 2012 13:28 GMThttp://www.cnbc.com//id/47473723http://www.cnbc.com//id/47473723National Bank of Greece Had Negative Equity at Year EndNational Bank of Greece, the oldest Greek commercial bank, saw its financial condition so damaged by the crisis that it was operating with negative shareholder equity at the end of 2011.National Bank of Greece, the oldest Greek commercial bank, saw its financial condition so damaged by the crisis that it was operating with negative shareholder equity at the end of 2011.]]>Thu, 17 May 2012 18:14 GMThttp://www.cnbc.com//id/47464611http://www.cnbc.com//id/47464611Are Retail Investors Getting Hustled on Facebook?You've got to hand it to the guys at Morgan Stanley, Goldman Sachs and JPMorgan who have been running the Facebook initial public offering. They've orchestrated a nearly perfect IPO performance.You've got to hand it to the guys at Morgan Stanley, Goldman Sachs and JPMorgan who have been running the Facebook initial public offering. They've orchestrated a nearly perfect IPO performance.]]>Thu, 17 May 2012 14:52 GMThttp://www.cnbc.com//id/47461113http://www.cnbc.com//id/47461113Last Call: There's A Sale At Penny's!Markets get spooked by Greece, David Einhorn steals the show at the Ira Sohn Conference, JC Penny has its worst day ever, as IPO looms questions linger surrounding Facebook.Markets get spooked by Greece, David Einhorn steals the show at the Ira Sohn Conference, JC Penny has its worst day ever, as IPO looms questions linger surrounding Facebook.]]>Thu, 17 May 2012 01:25 GMThttp://www.cnbc.com//id/47454396http://www.cnbc.com//id/47454396Last Call: Whale WatchingFacebook increases its offering size, JC Penny doubles its loss, Greek banks see increased withdrawals, GM pulls Facebook ads, 13F disclosures reveal the moves large investors are making, Blackberry users are the unhappiest cellphone users.Facebook increases its offering size, JC Penny doubles its loss, Greek banks see increased withdrawals, GM pulls Facebook ads, 13F disclosures reveal the moves large investors are making, Blackberry users are the unhappiest cellphone users.]]>Wed, 16 May 2012 03:18 GMThttp://www.cnbc.com//id/47439534http://www.cnbc.com//id/47439534Hedge Funds Worry About JPMorgan ProbeHedge fund managers on the other side of the trades that resulted in over $2 billion in losses at JPMorgan Chase are worried about reports that the Justice Department is investigating the matter, according to a person familiar with the matter.Hedge fund managers on the other side of the trades that resulted in over $2 billion in losses at JPMorgan Chase are worried about reports that the Justice Department is investigating the matter, according to a person familiar with the matter.]]>Tue, 15 May 2012 18:13 GMThttp://www.cnbc.com//id/47432914http://www.cnbc.com//id/47432914Facebook’s Anti-Groupon AccountingFacebook’s payment network is its largest source of revenue after advertising. What’s most surprising to a cynic like me is how honestly Facebook accounts for revenues from the payment network. There’s no accounting trickery going on.Facebook’s payment network is its largest source of revenue after advertising. What’s most surprising to a cynic like me is how honestly Facebook accounts for revenues from the payment network. There’s no accounting trickery going on.]]>Tue, 15 May 2012 16:12 GMThttp://www.cnbc.com//id/47430920http://www.cnbc.com//id/47430920Last Call: Movin' On Up, PE Titan Pays Record Amount for NY Co-OpFacebook increases IPO range, Groupon beats estimates, Moody’s downgrades Italian banks, Tepper’s Appaloosa files 13F, private equity titan pays record price for Manhattan co-op.Facebook increases IPO range, Groupon beats estimates, Moody’s downgrades Italian banks, Tepper’s Appaloosa files 13F, private equity titan pays record price for Manhattan co-op.]]>Tue, 15 May 2012 04:06 GMThttp://www.cnbc.com//id/47422086http://www.cnbc.com//id/47422086Capital Controls Loom in GreeceIt looks increasingly likely that Greece will have to implement controls to prevent capital flight and a banking collapse. To my mind, the only real question is when this will occur.It looks increasingly likely that Greece will have to implement controls to prevent capital flight and a banking collapse. To my mind, the only real question is when this will occur.]]>Mon, 14 May 2012 18:49 GMThttp://www.cnbc.com//id/47417336http://www.cnbc.com//id/47417336Subprime Bonds Come Roaring BackEven Kyle Bass, the Texan hedge fund manager who made billions shorting mortgage bonds in the years before the financial crisis, is bullish on mortgage credit.Even Kyle Bass, the Texan hedge fund manager who made billions shorting mortgage bonds in the years before the financial crisis, is bullish on mortgage credit.]]>Sat, 12 May 2012 00:33 GMThttp://www.cnbc.com//id/47395058http://www.cnbc.com//id/47395058Last Call: "Call me Jamie": Dimon Meets His Moby DickJP Morgan shocks the financial world with a surprise 5pm conference call to announce a $2B in losses Yahoo CEO says he never gave the company his resume. Boone Pickens delivers a frank talk and video game sales see a 5th straight month of decline.JP Morgan shocks the financial world with a surprise 5pm conference call to announce a $2B in losses Yahoo CEO says he never gave the company his resume. Boone Pickens delivers a frank talk and video game sales see a 5th straight month of decline.]]>Fri, 11 May 2012 03:39 GMThttp://www.cnbc.com//id/47381773http://www.cnbc.com//id/47381773Volcker Rule Driving Talent to Hedge Funds: Daniel SternThe Volcker Rule is driving talented traders to leave large, well-known Wall Street investment banks for hedge funds, Reservoir Capital founder Daniel Stern said at the Skybridge Alternatives ( a.k.a., SALT ) investor summit.The Volcker Rule is driving talented traders to leave large, well-known Wall Street investment banks for hedge funds, Reservoir Capital founder Daniel Stern said at the Skybridge Alternatives ( a.k.a., SALT ) investor summit.]]>Thu, 10 May 2012 21:49 GMThttp://www.cnbc.com//id/47378726http://www.cnbc.com//id/47378726SALT Hedge Fund Trade: Long Portugal, Short IrelandOne of the more unexpected ideas to emerge from the Skybridge Alternatives investor summit has been investing in bonds issued by the government of Portugal.One of the more unexpected ideas to emerge from the Skybridge Alternatives investor summit has been investing in bonds issued by the government of Portugal.]]>Thu, 10 May 2012 21:22 GMThttp://www.cnbc.com//id/47378171http://www.cnbc.com//id/47378171Huge Institutional Investors Shifting Capital AllocationThe largest institutional investors in the world are increasingly looking for investments that generate positive "contractual" cash flows, as opposed to mark-to-market paper gains, according to both panelists and attendees at the Skybridge Alternatives Investor Summit.The largest institutional investors in the world are increasingly looking for investments that generate positive "contractual" cash flows, as opposed to mark-to-market paper gains, according to both panelists and attendees at the Skybridge Alternatives Investor Summit.]]>Thu, 10 May 2012 16:42 GMThttp://www.cnbc.com//id/47373585http://www.cnbc.com//id/47373585Last Call: Loeb Keeps Searching for Yahoo LeadershipActivist investor Daniel Loeb continues to put the heat on Yahoo, Cisco earnings beat but stock falls as they warn on outlook, Facebook says its mobile growth is growing faster than its advertising platform can keep up.Activist investor Daniel Loeb continues to put the heat on Yahoo, Cisco earnings beat but stock falls as they warn on outlook, Facebook says its mobile growth is growing faster than its advertising platform can keep up.]]>Thu, 10 May 2012 05:15 GMThttp://www.cnbc.com//id/47365677http://www.cnbc.com//id/47365677Contextualize This: Frank Turner's 'If Ever I Stray'Here's the video for Frank Turner's "If Ever I Stray." What we'd like you to do is take a jab at explaining why it fits current markets or global macroeconomic conditions. Winner gets a copy of Jeff Cox's "Debt, Deficits, and the Demise of the American Economy."Here's the video for Frank Turner's "If Ever I Stray." What we'd like you to do is take a jab at explaining why it fits current markets or global macroeconomic conditions. Winner gets a copy of Jeff Cox's "Debt, Deficits, and the Demise of the American Economy."]]>Wed, 09 May 2012 20:05 GMThttp://www.cnbc.com//id/47359543http://www.cnbc.com//id/47359543Is Norway Preparing for a European Bond Disaster?Norway's sovereign debt wealth fund was one of the best known holdouts against the Greek debt swap. And now it has sold all of its Irish and Portuguese government bonds, and reduced its holding of Spanish and Italian debt.Norway's sovereign debt wealth fund was one of the best known holdouts against the Greek debt swap. And now it has sold all of its Irish and Portuguese government bonds, and reduced its holding of Spanish and Italian debt.]]>Wed, 09 May 2012 19:07 GMThttp://www.cnbc.com//id/47358827http://www.cnbc.com//id/47358827SALT Summit: Nothing That Happens in Vegas Will Stay in VegasMy CNBC colleague Jeff Cox and I are off to spend the rest of the week in Las Vegas for the Skybridge Alternatives investor summit (SALT). You'll hear about the talk on the conference panels, of course. But I'll also strive to report on the latest talk in the hallways and around the card tables. And, of course, the poolside.My CNBC colleague Jeff Cox and I are off to spend the rest of the week in Las Vegas for the Skybridge Alternatives investor summit (SALT). You'll hear about the talk on the conference panels, of course. But I'll also strive to report on the latest talk in the hallways and around the card tables. And, of course, the poolside.]]>Wed, 09 May 2012 15:32 GMThttp://www.cnbc.com//id/47355153http://www.cnbc.com//id/47355153Will Greece Stiff the European Central Bank?Greece could stiff the holders of foreign law bonds who didn’t convert into the new bonds. There are debt payments under these bonds coming due any day now. It could also stiff the IMF, which is due payment on funds provided under the “old” bailout sometime next year.Greece could stiff the holders of foreign law bonds who didn’t convert into the new bonds. There are debt payments under these bonds coming due any day now. It could also stiff the IMF, which is due payment on funds provided under the “old” bailout sometime next year.]]>Tue, 08 May 2012 20:03 GMThttp://www.cnbc.com//id/47342963http://www.cnbc.com//id/47342963Why the Left Will Keep Winning ElectionsThe most striking thing about the victory of Francois Hollande in the French presidential elections is that the socialist won as the candidate of economic growth and independence. Not so very long ago, this would have seemed absurd.The most striking thing about the victory of Francois Hollande in the French presidential elections is that the socialist won as the candidate of economic growth and independence. Not so very long ago, this would have seemed absurd.]]>Tue, 08 May 2012 17:51 GMThttp://www.cnbc.com//id/47341229http://www.cnbc.com//id/47341229How the New Economics Explains Everything!My title is a bit of an exaggeration, of course. But it’s intended to inspire you to head on over to the opinion pages of the Financial Times and read Cullen Roche’s excellent article on the contributions of the modern monetary approach to our understanding of economics in the 21st century. (Read on for the link.)My title is a bit of an exaggeration, of course. But it’s intended to inspire you to head on over to the opinion pages of the Financial Times and read Cullen Roche’s excellent article on the contributions of the modern monetary approach to our understanding of economics in the 21st century. (Read on for the link.)]]>Tue, 08 May 2012 14:59 GMThttp://www.cnbc.com//id/47338421http://www.cnbc.com//id/47338421Last Call: Electronic Arts, Star Wars and a Disturbance in the ForceYahoo CEO issues an apology, EA Sports beats earnings but stock still slides, Wynn Resorts has disappointing performance in Las Vegas, Google’s self-driving car gets its first license.Yahoo CEO issues an apology, EA Sports beats earnings but stock still slides, Wynn Resorts has disappointing performance in Las Vegas, Google’s self-driving car gets its first license.]]>Tue, 08 May 2012 02:06 GMThttp://www.cnbc.com//id/47331114http://www.cnbc.com//id/47331114The Market That Just Won't CrashThe relative buoyancy of the markets in the wake of the French and Greek elections is the latest in a long series of crashes that barked but never bit.The relative buoyancy of the markets in the wake of the French and Greek elections is the latest in a long series of crashes that barked but never bit.]]>Mon, 07 May 2012 19:25 GMThttp://www.cnbc.com//id/47326879http://www.cnbc.com//id/47326879Facebook IPO Roadshow Disappoints Some InvestorsFacebook disappointed some potential investors as it kicked off its IPO roadshow in New York on Monday.Facebook disappointed some potential investors as it kicked off its IPO roadshow in New York on Monday.]]>Mon, 07 May 2012 18:33 GMThttp://www.cnbc.com//id/47325944http://www.cnbc.com//id/47325944A Generational Shift Away From Stocks?The New York Times does an excellent job describing the retreat from stock trading that is now in its fourth year. Volume on the equities exchanges are half what they were before the financial crisis. What's happened? It seems that stocks have gone out of fashion.The New York Times does an excellent job describing the retreat from stock trading that is now in its fourth year. Volume on the equities exchanges are half what they were before the financial crisis. What's happened? It seems that stocks have gone out of fashion.]]>Mon, 07 May 2012 18:10 GMThttp://www.cnbc.com//id/47325436http://www.cnbc.com//id/47325436A Modest Job Guarantee Proposal: Domestic Servant SubsidiesUnemployment in the United States is a lot like the weather: everyone talks about it but hardly anyone does anything about it.Unemployment in the United States is a lot like the weather: everyone talks about it but hardly anyone does anything about it.]]>Mon, 07 May 2012 14:28 GMThttp://www.cnbc.com//id/47322452http://www.cnbc.com//id/47322452Crazy Trade of the Week: Naked Shorting Facebook IPO GearThe Facebook IPO “teach-in” at JPMorgan chase has given rise to a host of ridiculous swag. And a unique trading opportunity.The Facebook IPO “teach-in” at JPMorgan chase has given rise to a host of ridiculous swag. And a unique trading opportunity.]]>Fri, 04 May 2012 22:18 GMThttp://www.cnbc.com//id/47300848http://www.cnbc.com//id/47300848The Wisdom of David Einhorn’s Jelly DonutsEarlier this week, Greenlight Capital President David Einhorn compared the Federal Reserves monetary policy to force-feeding someone too many jelly donuts. That’s just one of a bunch of colorful passages in Einhorn’s long Huffington Post essay.Earlier this week, Greenlight Capital President David Einhorn compared the Federal Reserves monetary policy to force-feeding someone too many jelly donuts. That’s just one of a bunch of colorful passages in Einhorn’s long Huffington Post essay.]]>Fri, 04 May 2012 19:19 GMThttp://www.cnbc.com//id/47298203http://www.cnbc.com//id/47298203Is Wall Street Hustling Facebook?Let me propose something that not many people are saying Friday morning: Facebook’s initial public offering price may be too low. Mark Zuckerberg may have been hustled by Wall Street—like so many other tech company founders.Let me propose something that not many people are saying Friday morning: Facebook’s initial public offering price may be too low. Mark Zuckerberg may have been hustled by Wall Street—like so many other tech company founders.]]>Fri, 04 May 2012 17:27 GMThttp://www.cnbc.com//id/47296872http://www.cnbc.com//id/47296872Nouriel Roubini to Michael Milken: 'We May Be Dead in the Short Run'It’s become an annual ritual at the Milken Institute Global Conference: Nouriel Roubini faces off with Michael Milken. Roubini began with an uncharacteristic optimism, quickly rattling off a series of “upside risks” to the global economy. Then it was time for the bad news.It’s become an annual ritual at the Milken Institute Global Conference: Nouriel Roubini faces off with Michael Milken. Roubini began with an uncharacteristic optimism, quickly rattling off a series of “upside risks” to the global economy. Then it was time for the bad news.]]>Thu, 03 May 2012 21:03 GMThttp://www.cnbc.com//id/47285747http://www.cnbc.com//id/47285747What’s This ‘Fiscal Cliff’ Anyway? Do I Need to Worry?"We do not see the doomsday scenario playing out," says one economist. "Policymakers are unlikely to drive the US economy off the fiscal cliff.""We do not see the doomsday scenario playing out," says one economist. "Policymakers are unlikely to drive the US economy off the fiscal cliff."]]>Wed, 02 May 2012 17:52 GMThttp://www.cnbc.com//id/47263088http://www.cnbc.com//id/47263088Dewey Gives Partners Permission to Poach AssociatesI'm still at the Milken Institute Global Conference in Los Angeles, which means I'm very far from the dramatic meltdown of Dewey & LeBoeuf. There are not, as far as I've been able to discover, any Dewey partners on the program of speakers. But I wanted to make a point about the internal memo the law firm has sent out, encouraging its partners to seek new jobs.I'm still at the Milken Institute Global Conference in Los Angeles, which means I'm very far from the dramatic meltdown of Dewey & LeBoeuf. There are not, as far as I've been able to discover, any Dewey partners on the program of speakers. But I wanted to make a point about the internal memo the law firm has sent out, encouraging its partners to seek new jobs.]]>Wed, 02 May 2012 15:56 GMThttp://www.cnbc.com//id/47263900http://www.cnbc.com//id/47263900Last Call: Herbalife 'Nobody Wears Shoes Here!'Herbalife stock takes a plunge on tough questioning, the company calls it a buying opportunity. Chesapeake Energy surprises with a Q1 loss, Sirius XM feuds with Liberty Media.Herbalife stock takes a plunge on tough questioning, the company calls it a buying opportunity. Chesapeake Energy surprises with a Q1 loss, Sirius XM feuds with Liberty Media.]]>Wed, 02 May 2012 03:28 GMThttp://www.cnbc.com//id/47256582http://www.cnbc.com//id/47256582Networking: A Very Milken MomentTheir conversation begins casually. The guy without the tie is from New York. He's involved in the tech sector. Specifically, he works for a start up intended to "disrupt higher education." The guy with the tie is from Paris, although he adds that he is of both French and Venezuelan descent...Their conversation begins casually. The guy without the tie is from New York. He's involved in the tech sector. Specifically, he works for a start up intended to "disrupt higher education." The guy with the tie is from Paris, although he adds that he is of both French and Venezuelan descent...]]>Tue, 01 May 2012 22:55 GMThttp://www.cnbc.com//id/47254639http://www.cnbc.com//id/47254639Where Are the Bond-Market Vigilantes?At a morning Milken Institute Global Conference panel on the overview for the United States economy, Milken Institute chief research officer Ross DeVol asked panelists whether “bond-market vigilantes” would force up U.S. interest rates in reaction to the federal government’s budget deficit.At a morning Milken Institute Global Conference panel on the overview for the United States economy, Milken Institute chief research officer Ross DeVol asked panelists whether “bond-market vigilantes” would force up U.S. interest rates in reaction to the federal government’s budget deficit.]]>Tue, 01 May 2012 19:18 GMThttp://www.cnbc.com//id/47251235http://www.cnbc.com//id/47251235For Occupy Wall Street, Rain, Crowds and Career AdviceThe boisterous musical parade of Occupy Wall Street protesters took an unfortunate right turn in Manhattan Tuesday and wound up in some unfriendly territory.The boisterous musical parade of Occupy Wall Street protesters took an unfortunate right turn in Manhattan Tuesday and wound up in some unfriendly territory.]]>Tue, 01 May 2012 18:04 GMThttp://www.cnbc.com//id/47248701http://www.cnbc.com//id/47248701Is Gold a Commodity?In a decidedly bullish panel on commodities at the Milken Institute Global Conference, one area of bearishness stuck out: gold.In a decidedly bullish panel on commodities at the Milken Institute Global Conference, one area of bearishness stuck out: gold.]]>Tue, 01 May 2012 17:19 GMThttp://www.cnbc.com//id/47249173http://www.cnbc.com//id/47249173Facebook IPO, Private Equity and MilkenLast year, Carlyle Group co-founder David Rubenstein told the conference that he "blew it" when given the chance to be one of Facebook's first investors.Last year, Carlyle Group co-founder David Rubenstein told the conference that he "blew it" when given the chance to be one of Facebook's first investors.]]>Tue, 01 May 2012 16:50 GMThttp://www.cnbc.com//id/47248775http://www.cnbc.com//id/47248775Last Call: A Groupon-Like Stock Deal...On GrouponAllscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.Allscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.]]>Tue, 01 May 2012 02:34 GMThttp://www.cnbc.com//id/47240282http://www.cnbc.com//id/47240282Occupy Wall Street: They're Back, But Does Anyone Care?After spending 2011 near the top of the news headlines, Occupy Wall Street finds itself in a struggle to regain relevance as a grassroots protest against corporate greed and Washington corruption.After spending 2011 near the top of the news headlines, Occupy Wall Street finds itself in a struggle to regain relevance as a grassroots protest against corporate greed and Washington corruption.]]>Mon, 30 Apr 2012 18:13 GMThttp://www.cnbc.com//id/47233587http://www.cnbc.com//id/47233587NetNet Takes LA: The Milken Institute ConferenceNext week, NetNet will be written out of Los Angeles. I'm flying out for the Milken Institute conference, which runs Sunday through Wednesday. Loyal readers will recall that I covered the conference last year and the year before that. Here's a write up I did for our special Milken Institute page...Next week, NetNet will be written out of Los Angeles. I'm flying out for the Milken Institute conference, which runs Sunday through Wednesday. Loyal readers will recall that I covered the conference last year and the year before that. Here's a write up I did for our special Milken Institute page...]]>Fri, 27 Apr 2012 19:59 GMThttp://www.cnbc.com//id/47208988http://www.cnbc.com//id/47208988Economy's Biggest Drag Right Now Is GovernmentGovernment has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace.Government has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace.]]>Fri, 27 Apr 2012 17:12 GMThttp://www.cnbc.com//id/47205997http://www.cnbc.com//id/47205997Last Call: The Spinal Tap TreatmentAllscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.Allscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.]]>Fri, 27 Apr 2012 03:41 GMThttp://www.cnbc.com//id/47199333http://www.cnbc.com//id/47199333Is Selling Scoops Really Insider Trading?After my piece arguing that newspapers selling scoops to hedge funds would be violating insider trading laws, a number of people pointed out that my argument only took into account the “classical” theory of insider trading and left out what’s known as the “misappropriation theory.”After my piece arguing that newspapers selling scoops to hedge funds would be violating insider trading laws, a number of people pointed out that my argument only took into account the “classical” theory of insider trading and left out what’s known as the “misappropriation theory.”]]>Thu, 26 Apr 2012 21:16 GMThttp://www.cnbc.com//id/47195319http://www.cnbc.com//id/47195319Could The New York Times Sell Its Scoops to Hedge Funds?Felix Salmon has raised an interesting question: could The New York Times sell early access to market-moving scoops to hedge funds?Felix Salmon has raised an interesting question: could The New York Times sell early access to market-moving scoops to hedge funds?]]>Thu, 26 Apr 2012 19:49 GMThttp://www.cnbc.com//id/47193585http://www.cnbc.com//id/47193585New Jobs Growth Trend? Nonprofit Pursuit of HappinessWhen 27 year-old Damali Elliott started the non-profit Petals-N-Belles three years ago, she gave up a promising career in public relations. It was a decision criticized by her friends and family. But that unconventional choice may soon pay off.When 27 year-old Damali Elliott started the non-profit Petals-N-Belles three years ago, she gave up a promising career in public relations. It was a decision criticized by her friends and family. But that unconventional choice may soon pay off.]]>Thu, 26 Apr 2012 17:21 GMThttp://www.cnbc.com//id/47191291http://www.cnbc.com//id/47191291Wal-Mart Could Face Steep Penalties: AttorneyWe spoke with Stephen Binhak , a white-collar criminal defense attorney in private practice in Miami, and an expert on the FCPA. He was formerly with Greenberg, Traurig; was an Assistant US Attorney; and was also Associate Independent Counsel to Ken Starr on the Pres. Clinton impeachment investigation.We spoke with Stephen Binhak , a white-collar criminal defense attorney in private practice in Miami, and an expert on the FCPA. He was formerly with Greenberg, Traurig; was an Assistant US Attorney; and was also Associate Independent Counsel to Ken Starr on the Pres. Clinton impeachment investigation.]]>Thu, 26 Apr 2012 15:24 GMThttp://www.cnbc.com//id/47189562http://www.cnbc.com//id/47189562What Falling Milk Prices Say About an Economic SlowdownThe decline of milk prices this year has been a welcome development for consumers pressured by $4 a gallon gas, but could be a bad sign for the economy.The decline of milk prices this year has been a welcome development for consumers pressured by $4 a gallon gas, but could be a bad sign for the economy.]]>Thu, 26 Apr 2012 14:57 GMThttp://www.cnbc.com//id/47187994http://www.cnbc.com//id/47187994Last Call: Frank Sinatra and the Las Vegas SandsThe Fed says no action is the best action, Tim Geithner tells CNBC the US economy is gradually getting stronger, Las Vegas Sands Corp. beats earnings but falls slightly after hours and the VC firm behind some of the biggest names in tech make a groundbreaking charitable pledge.The Fed says no action is the best action, Tim Geithner tells CNBC the US economy is gradually getting stronger, Las Vegas Sands Corp. beats earnings but falls slightly after hours and the VC firm behind some of the biggest names in tech make a groundbreaking charitable pledge.]]>Thu, 26 Apr 2012 02:03 GMThttp://www.cnbc.com//id/47182730http://www.cnbc.com//id/47182730Blankfein’s Reemergence Means He’s Staying at GoldmanGoldman CEO comes out of the shadows. Don't expect him to retire soon.Goldman CEO comes out of the shadows. Don't expect him to retire soon.]]>Wed, 25 Apr 2012 19:52 GMThttp://www.cnbc.com//id/47175494http://www.cnbc.com//id/47175494Goldman Bond Guru: Growth Markets More Appealing Than Treasurys“When you think about it just from a fiscal standpoint, the developed markets, the large markets, look kind of scary and the growth markets actually look pretty appealing from a risk perspective,” Jon Beinner said.“When you think about it just from a fiscal standpoint, the developed markets, the large markets, look kind of scary and the growth markets actually look pretty appealing from a risk perspective,” Jon Beinner said.]]>Wed, 25 Apr 2012 16:59 GMThttp://www.cnbc.com//id/47173810http://www.cnbc.com//id/47173810How to Fix Social Security for Less Than $50Over at Forbes, Josh Barro has a response to the recent news about the Social Security trust fund that is both funny and wise.Over at Forbes, Josh Barro has a response to the recent news about the Social Security trust fund that is both funny and wise.]]>Wed, 25 Apr 2012 14:55 GMThttp://www.cnbc.com//id/47173814http://www.cnbc.com//id/47173814Bank Stocks to Have 'Long, Hot Summer': BoveThough he has been telling investors to buy bank stocks with all their might, analyst Dick Bove says this summer could require a strong stomach for those who followed the advice.Though he has been telling investors to buy bank stocks with all their might, analyst Dick Bove says this summer could require a strong stomach for those who followed the advice.]]>Tue, 24 Apr 2012 19:31 GMThttp://www.cnbc.com//id/47161703http://www.cnbc.com//id/47161703Wait, Is Tim Geithner REALLY Going to Dartmouth?The New York Post's Page Six reported today (Tuesday) that the father of Geithner's wife boasted about an offer from Dartmouth at a dinner in New York City this afternoon. The story even hinted at a bit of corruption.The New York Post's Page Six reported today (Tuesday) that the father of Geithner's wife boasted about an offer from Dartmouth at a dinner in New York City this afternoon. The story even hinted at a bit of corruption.]]>Tue, 24 Apr 2012 16:38 GMThttp://www.cnbc.com//id/47159967http://www.cnbc.com//id/47159967Geithner to Dartmouth? A Family Secret Gets LeakedTim Geithner could be heading back to school so to speak, at least if his chatty father-in-law is to be believed.Tim Geithner could be heading back to school so to speak, at least if his chatty father-in-law is to be believed.]]>Tue, 24 Apr 2012 14:40 GMThttp://www.cnbc.com//id/47157308http://www.cnbc.com//id/47157308Last Call: If William Shakespeare Owned Netflix StockTonight’s top stories: NETFLIX delivers earnings inline with expectations but the stock plummet after hours. Facebook files and amended S-1, Texas Instruments CEO says things are on the upswing, Social Security outlook is lowered.Tonight’s top stories: NETFLIX delivers earnings inline with expectations but the stock plummet after hours. Facebook files and amended S-1, Texas Instruments CEO says things are on the upswing, Social Security outlook is lowered.]]>Tue, 24 Apr 2012 02:45 GMThttp://www.cnbc.com//id/47151742http://www.cnbc.com//id/47151742Would Guaranteed Jobs Undermine the Brooklyn Business Revolution?Shine perishing artisanal movment!Shine perishing artisanal movment!]]>Mon, 23 Apr 2012 20:55 GMThttp://www.cnbc.com//id/47148600http://www.cnbc.com//id/47148600Commentary: Why Are We So Stupid?Thirty-five percent of Americans flunked a recent test of basic political facts.Thirty-five percent of Americans flunked a recent test of basic political facts.]]>Mon, 23 Apr 2012 20:03 GMThttp://www.cnbc.com//id/47147245http://www.cnbc.com//id/47147245Spreadsheet Lover's 9.5 Girl Thinks He's 'Nice'One of the women on David Merkur's notorious spreadsheet thinks he's a "really nice guy." As I predicted, the backlash against the scorn poured upon Merkur is in full swing.One of the women on David Merkur's notorious spreadsheet thinks he's a "really nice guy." As I predicted, the backlash against the scorn poured upon Merkur is in full swing.]]>Fri, 20 Apr 2012 23:31 GMThttp://www.cnbc.com//id/47123093http://www.cnbc.com//id/47123093Democrats Against Stimulus—and JobsIt seems that the Obama administration is so caught up in its own class-warfare rhetoric that it prefers continuing to hold the Great Recession over Republicans, to cutting taxes on businesses.It seems that the Obama administration is so caught up in its own class-warfare rhetoric that it prefers continuing to hold the Great Recession over Republicans, to cutting taxes on businesses.]]>Fri, 20 Apr 2012 23:08 GMThttp://www.cnbc.com//id/47123006http://www.cnbc.com//id/47123006What Happens if You Tax Savings?Matt Ygelsias attempts an imaginative solution to the problem of attempting to use monetary policy to juice an economy when interest rates are already at the zero-boundary. Unfortunately, it won't work.Matt Ygelsias attempts an imaginative solution to the problem of attempting to use monetary policy to juice an economy when interest rates are already at the zero-boundary. Unfortunately, it won't work.]]>Fri, 20 Apr 2012 19:32 GMThttp://www.cnbc.com//id/47120342http://www.cnbc.com//id/47120342Women Defend the 'Creepy' Finance GuyIt seems I'm not the only one who thinks that the guy Jezebel labeled a "creepy finance guy" isn't really all that creepy.It seems I'm not the only one who thinks that the guy Jezebel labeled a "creepy finance guy" isn't really all that creepy.]]>Fri, 20 Apr 2012 18:01 GMThttp://www.cnbc.com//id/47119231http://www.cnbc.com//id/47119231Facebook IPO: What Instagram Deal Tells InvestorsMark Zuckerberg has done a great service to would-be investors in Facebook.Mark Zuckerberg has done a great service to would-be investors in Facebook.]]>Fri, 20 Apr 2012 16:27 GMThttp://www.cnbc.com//id/47117715http://www.cnbc.com//id/47117715Is 'Spreadsheet Lover' a Cyber Cad?This might not have been the brightest idea he’s ever had, but it doesn’t make him a bad guy in any way. His ranking of the women on a scale from 1 to 10 may rankle a few of the types who believe every one of us is a unique and precious snowflake—but it is hardly shocking.This might not have been the brightest idea he’s ever had, but it doesn’t make him a bad guy in any way. His ranking of the women on a scale from 1 to 10 may rankle a few of the types who believe every one of us is a unique and precious snowflake—but it is hardly shocking.]]>Thu, 19 Apr 2012 21:43 GMThttp://www.cnbc.com//id/47107190http://www.cnbc.com//id/47107190BofA Still Fighting with Fannie, Freddie, Mortgage InvestorsBank of America put in a good first quarter for 2012. Trading in bonds, interest rates and currencies boosted earnings. Provisions for bad loans shrunk to the lowest levels since 2007. But one negative continues to weigh on the bank: the fight over old loans sold to Fannie Mae, Freddie Mac and private investors.Bank of America put in a good first quarter for 2012. Trading in bonds, interest rates and currencies boosted earnings. Provisions for bad loans shrunk to the lowest levels since 2007. But one negative continues to weigh on the bank: the fight over old loans sold to Fannie Mae, Freddie Mac and private investors.]]>Thu, 19 Apr 2012 16:08 GMThttp://www.cnbc.com//id/47102497http://www.cnbc.com//id/47102497Goldman Partners Sitting Pretty on PaySure, Goldman Sachs cut its overall accrual for employee pay and benefits in the first quarter by 16 percent. But the amount of compensation per partner appears to have declined by far less...Sure, Goldman Sachs cut its overall accrual for employee pay and benefits in the first quarter by 16 percent. But the amount of compensation per partner appears to have declined by far less...]]>Wed, 18 Apr 2012 23:28 GMThttp://www.cnbc.com//id/47093191http://www.cnbc.com//id/47093191Citi CEO Vikram Pandit Selling His Conn. EstateJust a day after shareholders rejected Citigroup chief executive Vikram Pandit’s pay package, the word is out that Pandit is selling a 2.3 acre estate in Greenwich, Conn. for an asking price of $4,300,000.Just a day after shareholders rejected Citigroup chief executive Vikram Pandit’s pay package, the word is out that Pandit is selling a 2.3 acre estate in Greenwich, Conn. for an asking price of $4,300,000.]]>Wed, 18 Apr 2012 22:36 GMThttp://www.cnbc.com//id/47092597http://www.cnbc.com//id/47092597Why Citigroup Will Likely Be Sued Over Vikram Pandit’s PayThe shareholder rejection of Citigroup’s executive compensation package leaves the company with few options—none of them good.The shareholder rejection of Citigroup’s executive compensation package leaves the company with few options—none of them good.]]>Wed, 18 Apr 2012 19:48 GMThttp://www.cnbc.com//id/47089838http://www.cnbc.com//id/47089838Spreadsheet Love: A NYC Dating TaleSo recently, I sent this video to a girl who was frustrated with dating in New York. The video is of Lucy pulling the ball away from Charlie Brown, again...So recently, I sent this video to a girl who was frustrated with dating in New York. The video is of Lucy pulling the ball away from Charlie Brown, again...]]>Tue, 17 Apr 2012 15:19 GMThttp://www.cnbc.com//id/47074232http://www.cnbc.com//id/47074232Pimco and the JPMorgan Whale: CHIP-ing Away at a ScandalI got the idea for this trade from a credit trader at a rival bank based in Europe. But it turns out that it was also recommended a year and a half ago by Pimco managing director Mihir Worah.I got the idea for this trade from a credit trader at a rival bank based in Europe. But it turns out that it was also recommended a year and a half ago by Pimco managing director Mihir Worah.]]>Tue, 17 Apr 2012 14:48 GMThttp://www.cnbc.com//id/47073854http://www.cnbc.com//id/47073854Fed Release Is Absurdly RedactedThe Federal Reserve released 513 pages of previously unseen transcripts of policy meetings that took place between 2007 and 2010—and most of them are so heavily redacted that they elicit laughter.The Federal Reserve released 513 pages of previously unseen transcripts of policy meetings that took place between 2007 and 2010—and most of them are so heavily redacted that they elicit laughter.]]>Mon, 16 Apr 2012 22:09 GMThttp://www.cnbc.com//id/47066627http://www.cnbc.com//id/47066627Fed's Fisher Changed His Vote On Crisis Interest Rates Over LunchFederal Reserve Bank of Dallas President Richard Fisher initially provided the only "No" vote on a motion before the Federal Open Market Committee at the height of the financial crisis—only to reverse his vote after an unrecorded lunch break, according to a heavily redacted transcript of Fed documents released Monday afternoon.Federal Reserve Bank of Dallas President Richard Fisher initially provided the only "No" vote on a motion before the Federal Open Market Committee at the height of the financial crisis—only to reverse his vote after an unrecorded lunch break, according to a heavily redacted transcript of Fed documents released Monday afternoon.]]>Mon, 16 Apr 2012 20:49 GMThttp://www.cnbc.com//id/47065735http://www.cnbc.com//id/47065735Pimco's Neel Kashkari: Deficits Prop Up Stock MarketA lot of people would argue that Kashkari, the former Goldman Sachs banker turned Hank Paulson Treasury Department TARP right hand man turned Pimco stock picker, has always been interesting. But Kashkari's latest essay for Pimco's "Equity Focus" column is interesting in an entirely new way.A lot of people would argue that Kashkari, the former Goldman Sachs banker turned Hank Paulson Treasury Department TARP right hand man turned Pimco stock picker, has always been interesting. But Kashkari's latest essay for Pimco's "Equity Focus" column is interesting in an entirely new way.]]>Mon, 16 Apr 2012 17:16 GMThttp://www.cnbc.com//id/47063172http://www.cnbc.com//id/47063172Is This the Book that Inspired Jamie Dimon's Warnings About Regulation?Dimon sounds like he's read "A Perfect Storm."Dimon sounds like he's read "A Perfect Storm."]]>Fri, 13 Apr 2012 20:38 GMThttp://www.cnbc.com//id/47044647http://www.cnbc.com//id/47044647What the ‘London Whale’ Is (Probably) DoingIn a conference call following this morning’s earnings announcement, JPMorgan Chase Chief Financial Officer Doug Braunstein basically laughed off the idea that a London-based trader in the bank’s chief investment office was engaging in large proprietary trades that were distorting the market in credit default swaps for investment grade corporate bonds.In a conference call following this morning’s earnings announcement, JPMorgan Chase Chief Financial Officer Doug Braunstein basically laughed off the idea that a London-based trader in the bank’s chief investment office was engaging in large proprietary trades that were distorting the market in credit default swaps for investment grade corporate bonds.]]>Fri, 13 Apr 2012 15:58 GMThttp://www.cnbc.com//id/47040996http://www.cnbc.com//id/47040996Last Call: Google Announces Stock Split, Wall Street Goes BananasTonight’s top stories: Markets bounce back after down spell, Dow has best day in a month.  Wall Street reaction to Google’s two for one stock split. Best Buy investigation into CEO behavior continues. Will we see a black CAT on Friday the 13th? Video game sales continue decline.Tonight’s top stories: Markets bounce back after down spell, Dow has best day in a month.  Wall Street reaction to Google’s two for one stock split. Best Buy investigation into CEO behavior continues. Will we see a black CAT on Friday the 13th? Video game sales continue decline.]]>Fri, 13 Apr 2012 02:34 GMThttp://www.cnbc.com//id/47036300http://www.cnbc.com//id/47036300US Needs to 'Build Huge Banks,' Not Break Them Up: BoveThe U.S. needs more big banks, not less, if it is going to remain a world power and avoid the fate of some debt-laden European countries, analyst Dick Bove said.The U.S. needs more big banks, not less, if it is going to remain a world power and avoid the fate of some debt-laden European countries, analyst Dick Bove said.]]>Thu, 12 Apr 2012 19:38 GMThttp://www.cnbc.com//id/47032009http://www.cnbc.com//id/47032009Why Facebook Is a Threat to Google’s EarningsAdvertisers want to target their ads to the people most likely to be receptive to them, and information is the key to targeting. The more information available, the better the targeting.Advertisers want to target their ads to the people most likely to be receptive to them, and information is the key to targeting. The more information available, the better the targeting.]]>Thu, 12 Apr 2012 16:46 GMThttp://www.cnbc.com//id/47030496http://www.cnbc.com//id/47030496Fed's Dudley: Economy Barely Keeping UpBill Dudley, the president of the New York Federal Reserve bank, indicated that he is most likely supporting additional action by the Federal Reserve to speed up the economy.Bill Dudley, the president of the New York Federal Reserve bank, indicated that he is most likely supporting additional action by the Federal Reserve to speed up the economy.]]>Thu, 12 Apr 2012 15:51 GMThttp://www.cnbc.com//id/47029910http://www.cnbc.com//id/47029910Last Call: Listen to the Music StreamHere's what people are talking about tonight: Former Grateful Dead guitarist Bob Weir inks music streaming deal with Yahoo and Google's upcoming earnings.Here's what people are talking about tonight: Former Grateful Dead guitarist Bob Weir inks music streaming deal with Yahoo and Google's upcoming earnings.]]>Thu, 12 Apr 2012 02:40 GMThttp://www.cnbc.com//id/47023938http://www.cnbc.com//id/47023938Stress Tests Create ‘False Sense of Security’: Fed’s GeorgeIt's not every day that a bank regulator argues that financial regulations and monetary policy contributed to the near collapse of the financial system.It's not every day that a bank regulator argues that financial regulations and monetary policy contributed to the near collapse of the financial system.]]>Wed, 11 Apr 2012 15:58 GMThttp://www.cnbc.com//id/47017570http://www.cnbc.com//id/47017570NetNet Quarterly Report: Predictions 2012I'm two for five after the first quarter!I'm two for five after the first quarter!]]>Wed, 11 Apr 2012 15:20 GMThttp://www.cnbc.com//id/47007218http://www.cnbc.com//id/47007218Last Call: Best Buy CEO Steps AsideHere's what people are talking about tonight: Best Buy CEO resigning in the midst of a company probe, where the Dow is headed and Alcoa's stellar earnings.Here's what people are talking about tonight: Best Buy CEO resigning in the midst of a company probe, where the Dow is headed and Alcoa's stellar earnings.]]>Wed, 11 Apr 2012 02:42 GMThttp://www.cnbc.com//id/47011821http://www.cnbc.com//id/47011821Will Facebook’s Instagram Deal Face Antitrust Scrutiny?The huge pricetag for Instagram may raise regulatory red flags.The huge pricetag for Instagram may raise regulatory red flags.]]>Tue, 10 Apr 2012 17:19 GMThttp://www.cnbc.com//id/47006453http://www.cnbc.com//id/47006453Last Call: A Picture is Worth a Thousand Words, Instagram Worth $1 BillionHere's what people are talking about tonight: Facebook buying Instagram for a billion dollars and AOL's sizeable cash pile.Here's what people are talking about tonight: Facebook buying Instagram for a billion dollars and AOL's sizeable cash pile.]]>Tue, 10 Apr 2012 01:42 GMThttp://www.cnbc.com//id/46999340http://www.cnbc.com//id/46999340Last Call: Facebook Friends NasdaqHere's what people are talking about tonight: Facebook likes Nasdaq, Egan-Jones cuts U.S. credit rating and Yahoo plans a meeting to discuss future.Here's what people are talking about tonight: Facebook likes Nasdaq, Egan-Jones cuts U.S. credit rating and Yahoo plans a meeting to discuss future.]]>Fri, 06 Apr 2012 01:57 GMThttp://www.cnbc.com//id/46973031http://www.cnbc.com//id/46973031Here’s Another SEC Regulation that Helped Cause the Financial CrisisA lot of people—including the government’s Financial Crisis Inquiry Commission—tend to view the financial crisis as a result of a failure of capitalism or a result of deregulation. There’s some truth to this. But the role that regulatory constraints on market actors played in the crisis still doesn’t get enough attention.A lot of people—including the government’s Financial Crisis Inquiry Commission—tend to view the financial crisis as a result of a failure of capitalism or a result of deregulation. There’s some truth to this. But the role that regulatory constraints on market actors played in the crisis still doesn’t get enough attention.]]>Thu, 05 Apr 2012 23:09 GMThttp://www.cnbc.com//id/46971868http://www.cnbc.com//id/46971868A Timely Banking Lesson From the Paul Volcker EraA dramatic change in the conduct of monetary policy that occurred in 1979 can shed some light on the current confusion over the role of reserves in bank lending.A dramatic change in the conduct of monetary policy that occurred in 1979 can shed some light on the current confusion over the role of reserves in bank lending.]]>Thu, 05 Apr 2012 21:30 GMThttp://www.cnbc.com//id/46970524http://www.cnbc.com//id/46970524What Really Constrains Bank LendingThe idea that banks are not constrained by reserve levels—because they can always borrow required reserves should they fall short—shouldn’t leave anyone with the impression that banks do not face serious constraints on their lending.The idea that banks are not constrained by reserve levels—because they can always borrow required reserves should they fall short—shouldn’t leave anyone with the impression that banks do not face serious constraints on their lending.]]>Thu, 05 Apr 2012 21:06 GMThttp://www.cnbc.com//id/46970418http://www.cnbc.com//id/46970418Greece Plays Chicken With Bondholders...AgainRemember when everyone worried that Greece would default on its bonds? Now the concern is that Greece might not default on certain bonds...Remember when everyone worried that Greece would default on its bonds? Now the concern is that Greece might not default on certain bonds...]]>Thu, 05 Apr 2012 16:18 GMThttp://www.cnbc.com//id/46966234http://www.cnbc.com//id/46966234Last Call: The Future Looks Bright For JPMSharpen your pencils, it's Last Call quiz time.Sharpen your pencils, it's Last Call quiz time.]]>Thu, 05 Apr 2012 02:15 GMThttp://www.cnbc.com//id/46959405http://www.cnbc.com//id/46959405Morgan Stanley Downgrades Chance of Fed EasingMorgan Stanley has downgraded its forecast of further quantitative easing by the Federal Reserve to one-out-of-three chance from two out of three.Morgan Stanley has downgraded its forecast of further quantitative easing by the Federal Reserve to one-out-of-three chance from two out of three.]]>Wed, 04 Apr 2012 16:40 GMThttp://www.cnbc.com//id/46953286http://www.cnbc.com//id/46953286Last Call: Taking Burger King Public AgainSharpen your pencils, it's Last Call quiz time.Sharpen your pencils, it's Last Call quiz time.]]>Wed, 04 Apr 2012 02:21 GMThttp://www.cnbc.com//id/46946325http://www.cnbc.com//id/46946325The Irrelevance of Bank ReservesIf you're feeling a bit lost when it comes to all this talk about bank lending not being "reserve constrained," you aren't alone.If you're feeling a bit lost when it comes to all this talk about bank lending not being "reserve constrained," you aren't alone.]]>Tue, 03 Apr 2012 22:55 GMThttp://www.cnbc.com//id/46945308http://www.cnbc.com//id/46945308Paul Krugman vs. MMT: The Great DebateThere’s a tremendously important debate being waged across a bunch of different websites, including Paul Krugman’s at The New York Times, about how banking really works.There’s a tremendously important debate being waged across a bunch of different websites, including Paul Krugman’s at The New York Times, about how banking really works.]]>Tue, 03 Apr 2012 22:42 GMThttp://www.cnbc.com//id/46944145http://www.cnbc.com//id/46944145St. Louis Fed Blows Subprime StudyA new study on the government's role in housing bubble doesn't really add up.A new study on the government's role in housing bubble doesn't really add up.]]>Tue, 03 Apr 2012 11:33 GMThttp://www.cnbc.com//id/46929912http://www.cnbc.com//id/46929912Last Call: 2 AprilAll the world loves a clown, except on the taxpayers dime.All the world loves a clown, except on the taxpayers dime.]]>Tue, 03 Apr 2012 01:33 GMThttp://www.cnbc.com//id/46933745http://www.cnbc.com//id/46933745How a Failed Deal Got Goldman Entangled in Sex TraffickingGoldman never meant to own a piece of the largest prostitution ad service. Here's the story of how it happened.Goldman never meant to own a piece of the largest prostitution ad service. Here's the story of how it happened.]]>Mon, 02 Apr 2012 21:51 GMThttp://www.cnbc.com//id/46929898http://www.cnbc.com//id/46929898Barclays Capital’s Wieseneck to Lead Investment Bank StrategyAs the face of investment banking changes, Barclays Capital is appointing Lehman Brothers alum Larry Wieseneck to a newly created position spearheading the group’s strategy.As the face of investment banking changes, Barclays Capital is appointing Lehman Brothers alum Larry Wieseneck to a newly created position spearheading the group’s strategy.]]>Mon, 02 Apr 2012 17:09 GMThttp://www.cnbc.com//id/46928318http://www.cnbc.com//id/46928318Pimco ETF Rakes In Cash Despite Continued Stock RallyInvestors have flocked to Pimco's new bond ETF, which has had meager returns so far, despite a 25 percent-plus stock rally.Investors have flocked to Pimco's new bond ETF, which has had meager returns so far, despite a 25 percent-plus stock rally.]]>Fri, 30 Mar 2012 18:13 GMThttp://www.cnbc.com//id/46905929http://www.cnbc.com//id/46905929Big Shift in ECB Balance Sheet a Sign of Banking Stress?Tens of billions of funding support for European banks appears to have shifted to the emergency lending assistance program of the European Central Bank from the long-term refinancing operations, an indication that some European banks may be in dire financial straits.Tens of billions of funding support for European banks appears to have shifted to the emergency lending assistance program of the European Central Bank from the long-term refinancing operations, an indication that some European banks may be in dire financial straits.]]>Tue, 29 May 2012 15:19 GMThttp://www.cnbc.com//id/47599957http://www.cnbc.com//id/47599957Bringing the Poppy Back to Wall StreetAn old tradition that deserves to be revived.An old tradition that deserves to be revived.]]>Fri, 25 May 2012 20:51 GMThttp://www.cnbc.com//id/47569776http://www.cnbc.com//id/47569776Carl Icahn Increases Stake in Chesapeake, Demands Board SeatsCarl Icahn raised his stake in Chesapeake Energy to 7.6 percent, according to an SEC filing. In a letter to Chesapeake's board, he also asked for two board seats and that another big shareholder get two board seats.Carl Icahn raised his stake in Chesapeake Energy to 7.6 percent, according to an SEC filing. In a letter to Chesapeake's board, he also asked for two board seats and that another big shareholder get two board seats.]]>Fri, 25 May 2012 20:50 GMThttp://www.cnbc.com//id/47570077http://www.cnbc.com//id/47570077Kansas City Fed President Steps Into Jamie Dimon DebateWhen Esther George says "no individual" is more important than the Fed, is she talking about the CEO of JP Morgan Chase?When Esther George says "no individual" is more important than the Fed, is she talking about the CEO of JP Morgan Chase?]]>Fri, 25 May 2012 18:24 GMThttp://www.cnbc.com//id/47567730http://www.cnbc.com//id/47567730Where Large Banks Fail, Regionals are Succeeding: BoveLarge regional banks are filling a lending void created by the biggest institutions' regulatory burdens and the competitive disadvantage of smaller companies, analyst Dick Bove said.Large regional banks are filling a lending void created by the biggest institutions' regulatory burdens and the competitive disadvantage of smaller companies, analyst Dick Bove said.]]>Fri, 25 May 2012 17:20 GMThttp://www.cnbc.com//id/47566800http://www.cnbc.com//id/47566800Facebook IPO Fiasco: 10 Things Underwriters Got WrongIf the stock market ever had 10 Commandments for initial public offerings, Facebook probably would have violated every one.If the stock market ever had 10 Commandments for initial public offerings, Facebook probably would have violated every one.]]>Fri, 25 May 2012 15:42 GMThttp://www.cnbc.com//id/47565498http://www.cnbc.com//id/47565498Bank of Greece Poised to Reveal Crucial DataThe Bank of Greece is due to update its website any day now with an Excel spreadsheet revealing the aggregate balance sheets of Greece's monetary and financial institutions. It will be the clearest indicator yet of the health — or lack thereof — of Greece's banking system.The Bank of Greece is due to update its website any day now with an Excel spreadsheet revealing the aggregate balance sheets of Greece's monetary and financial institutions. It will be the clearest indicator yet of the health — or lack thereof — of Greece's banking system.]]>Thu, 24 May 2012 20:03 GMThttp://www.cnbc.com//id/47556006http://www.cnbc.com//id/47556006Rumors of Bank Intervention Stir Euro MarketsMarkets in Europe surprised many by rallying despite bad economic news and gloom over Greece. Unconfirmed talk about central bank intervention may be behind the rally. Markets in Europe surprised many by rallying despite bad economic news and gloom over Greece. Unconfirmed talk about central bank intervention may be behind the rally. ]]>Thu, 24 May 2012 14:52 GMThttp://www.cnbc.com//id/47550856http://www.cnbc.com//id/47550856Last Call: Facebook Fiasco Is Heading Toward FarceFacebook CEO Sheryl Sandberg made her first post-IPO public appearance today. In a speech at Harvard Business School, she asked the newly-minted MBAs to pitch in and help Facebook’s bottom line.Facebook CEO Sheryl Sandberg made her first post-IPO public appearance today. In a speech at Harvard Business School, she asked the newly-minted MBAs to pitch in and help Facebook’s bottom line.]]>Thu, 24 May 2012 02:29 GMThttp://www.cnbc.com//id/47544785http://www.cnbc.com//id/47544785How to Get Fired From Goldman SachsGoldman has recently let a few employees go for taking jobs at private equity and hedge funds, set to start after their Goldman contracts expired.Goldman has recently let a few employees go for taking jobs at private equity and hedge funds, set to start after their Goldman contracts expired.]]>Wed, 23 May 2012 19:29 GMThttp://www.cnbc.com//id/47539157http://www.cnbc.com//id/47539157Why Facebook Stock May Have Hit a BottomAn analyst report describes the shares as a "buy." And there is a lot of chatter in the market that underwriters may step in to support the stock to keep it above $30.An analyst report describes the shares as a "buy." And there is a lot of chatter in the market that underwriters may step in to support the stock to keep it above $30.]]>Wed, 23 May 2012 16:25 GMThttp://www.cnbc.com//id/47536307http://www.cnbc.com//id/47536307Facebook Forecast Scandal's Big Question: Insider Trading?It’s possible that the underwriters’ analysts never were tipped off about any non-public information. Maybe they just all came to the same conclusion based on changes in the publicly filed IPO materials. But the only way to know for sure is for the SEC to investigate the matter.It’s possible that the underwriters’ analysts never were tipped off about any non-public information. Maybe they just all came to the same conclusion based on changes in the publicly filed IPO materials. But the only way to know for sure is for the SEC to investigate the matter.]]>Wed, 23 May 2012 14:15 GMThttp://www.cnbc.com//id/47534714http://www.cnbc.com//id/47534714Last Call: Facebook IPO Forensic Examination BeginsAs the controversy around the Facebook IPO grows, regulators say they will look into it; Moody’s lifts Ford’s credit rating; Dell shares slide after earning; Yahoo charts a new direction.As the controversy around the Facebook IPO grows, regulators say they will look into it; Moody’s lifts Ford’s credit rating; Dell shares slide after earning; Yahoo charts a new direction.]]>Wed, 23 May 2012 05:58 GMThttp://www.cnbc.com//id/47529964http://www.cnbc.com//id/47529964Case Against JPM Is 'Straightforward': AttorneyOn May 10, JPMorgan Chase reported a surprise $2 billion loss on a derivatives trade. Estimates of the loss have been upped to $3 billion. A class-action suit regarding the trade has been filed by the law firm Robbins Geller Rudman & Dowd. We spoke with Sam Rudman, a former attorney with the SEC Enforcement Division and a founding member of Robbins Geller, about the case.On May 10, JPMorgan Chase reported a surprise $2 billion loss on a derivatives trade. Estimates of the loss have been upped to $3 billion. A class-action suit regarding the trade has been filed by the law firm Robbins Geller Rudman & Dowd. We spoke with Sam Rudman, a former attorney with the SEC Enforcement Division and a founding member of Robbins Geller, about the case.]]>Tue, 22 May 2012 21:28 GMThttp://www.cnbc.com//id/47525951http://www.cnbc.com//id/47525951JPMorgan Facing 2007 'Kitchen Sink' Times Again?A few years ago, investor expectations of bank earnings were said to be “at rock bottom.” Bank analysts and journalists explained that the banks would report a “kitchen sink” quarter, in which they would take heavy losses and start “laying the groundwork for a strong recovery." That was 2007.A few years ago, investor expectations of bank earnings were said to be “at rock bottom.” Bank analysts and journalists explained that the banks would report a “kitchen sink” quarter, in which they would take heavy losses and start “laying the groundwork for a strong recovery." That was 2007.]]>Tue, 22 May 2012 20:40 GMThttp://www.cnbc.com//id/47525292http://www.cnbc.com//id/47525292Bill Ackman's J.C. Penney Presentation from Ira Sohn ConferenceLast Wednesday, J.C. Penney shares plunged nearly 20 percent—the worst decline ever for the retailer’s stock. The very same day, Bill Ackman, founder of Pershing Square Capital Management, gave a spirited defense of the company at the Ira Sohn conference.Last Wednesday, J.C. Penney shares plunged nearly 20 percent—the worst decline ever for the retailer’s stock. The very same day, Bill Ackman, founder of Pershing Square Capital Management, gave a spirited defense of the company at the Ira Sohn conference.]]>Tue, 22 May 2012 15:47 GMThttp://www.cnbc.com//id/47520783http://www.cnbc.com//id/47520783Last Call: Facebook Finger Pointing in Full BloomOn its second day of trading facebook falls 11 percent as FINRA says the will investigate the IPO. Altria introduces a nicotine lozenge and Apple remains the most valuable brand according to a recent study.On its second day of trading facebook falls 11 percent as FINRA says the will investigate the IPO. Altria introduces a nicotine lozenge and Apple remains the most valuable brand according to a recent study.]]>Tue, 22 May 2012 01:26 GMThttp://www.cnbc.com//id/47512756http://www.cnbc.com//id/47512756Is Kyle Bass Wrong on the Japan Trade?Kyle Bass may be one of the best-known hedge-fund investors in the world. His bets against subprime made him wealthy, and as close as you can come to being a celebrity while managing a hedge fund. These days, he is probably best known for his prediction that Japan is headed for a “bond crisis.”Kyle Bass may be one of the best-known hedge-fund investors in the world. His bets against subprime made him wealthy, and as close as you can come to being a celebrity while managing a hedge fund. These days, he is probably best known for his prediction that Japan is headed for a “bond crisis.”]]>Mon, 21 May 2012 21:37 GMThttp://www.cnbc.com//id/47510367http://www.cnbc.com//id/47510367Did Tim Geithner Just Tell Jamie Dimon to Resign From the Fed?Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed.  Here’s the answer.Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed.  Here’s the answer.]]>Fri, 18 May 2012 15:02 GMThttp://www.cnbc.com//id/47189549http://www.cnbc.com//id/47189549Rally Sign? Market Most Oversold Since Financial CrisisStocks are at their most oversold levels since the doom days of the financial crisis and bound for a rally, according to one measure.Stocks are at their most oversold levels since the doom days of the financial crisis and bound for a rally, according to one measure.]]>Fri, 18 May 2012 13:28 GMThttp://www.cnbc.com//id/47473723http://www.cnbc.com//id/47473723National Bank of Greece Had Negative Equity at Year EndNational Bank of Greece, the oldest Greek commercial bank, saw its financial condition so damaged by the crisis that it was operating with negative shareholder equity at the end of 2011.National Bank of Greece, the oldest Greek commercial bank, saw its financial condition so damaged by the crisis that it was operating with negative shareholder equity at the end of 2011.]]>Thu, 17 May 2012 18:14 GMThttp://www.cnbc.com//id/47464611http://www.cnbc.com//id/47464611Are Retail Investors Getting Hustled on Facebook?You've got to hand it to the guys at Morgan Stanley, Goldman Sachs and JPMorgan who have been running the Facebook initial public offering. They've orchestrated a nearly perfect IPO performance.You've got to hand it to the guys at Morgan Stanley, Goldman Sachs and JPMorgan who have been running the Facebook initial public offering. They've orchestrated a nearly perfect IPO performance.]]>Thu, 17 May 2012 14:52 GMThttp://www.cnbc.com//id/47461113http://www.cnbc.com//id/47461113Last Call: There's A Sale At Penny's!Markets get spooked by Greece, David Einhorn steals the show at the Ira Sohn Conference, JC Penny has its worst day ever, as IPO looms questions linger surrounding Facebook.Markets get spooked by Greece, David Einhorn steals the show at the Ira Sohn Conference, JC Penny has its worst day ever, as IPO looms questions linger surrounding Facebook.]]>Thu, 17 May 2012 01:25 GMThttp://www.cnbc.com//id/47454396http://www.cnbc.com//id/47454396Last Call: Whale WatchingFacebook increases its offering size, JC Penny doubles its loss, Greek banks see increased withdrawals, GM pulls Facebook ads, 13F disclosures reveal the moves large investors are making, Blackberry users are the unhappiest cellphone users.Facebook increases its offering size, JC Penny doubles its loss, Greek banks see increased withdrawals, GM pulls Facebook ads, 13F disclosures reveal the moves large investors are making, Blackberry users are the unhappiest cellphone users.]]>Wed, 16 May 2012 03:18 GMThttp://www.cnbc.com//id/47439534http://www.cnbc.com//id/47439534Hedge Funds Worry About JPMorgan ProbeHedge fund managers on the other side of the trades that resulted in over $2 billion in losses at JPMorgan Chase are worried about reports that the Justice Department is investigating the matter, according to a person familiar with the matter.Hedge fund managers on the other side of the trades that resulted in over $2 billion in losses at JPMorgan Chase are worried about reports that the Justice Department is investigating the matter, according to a person familiar with the matter.]]>Tue, 15 May 2012 18:13 GMThttp://www.cnbc.com//id/47432914http://www.cnbc.com//id/47432914Facebook’s Anti-Groupon AccountingFacebook’s payment network is its largest source of revenue after advertising. What’s most surprising to a cynic like me is how honestly Facebook accounts for revenues from the payment network. There’s no accounting trickery going on.Facebook’s payment network is its largest source of revenue after advertising. What’s most surprising to a cynic like me is how honestly Facebook accounts for revenues from the payment network. There’s no accounting trickery going on.]]>Tue, 15 May 2012 16:12 GMThttp://www.cnbc.com//id/47430920http://www.cnbc.com//id/47430920Last Call: Movin' On Up, PE Titan Pays Record Amount for NY Co-OpFacebook increases IPO range, Groupon beats estimates, Moody’s downgrades Italian banks, Tepper’s Appaloosa files 13F, private equity titan pays record price for Manhattan co-op.Facebook increases IPO range, Groupon beats estimates, Moody’s downgrades Italian banks, Tepper’s Appaloosa files 13F, private equity titan pays record price for Manhattan co-op.]]>Tue, 15 May 2012 04:06 GMThttp://www.cnbc.com//id/47422086http://www.cnbc.com//id/47422086Capital Controls Loom in GreeceIt looks increasingly likely that Greece will have to implement controls to prevent capital flight and a banking collapse. To my mind, the only real question is when this will occur.It looks increasingly likely that Greece will have to implement controls to prevent capital flight and a banking collapse. To my mind, the only real question is when this will occur.]]>Mon, 14 May 2012 18:49 GMThttp://www.cnbc.com//id/47417336http://www.cnbc.com//id/47417336Subprime Bonds Come Roaring BackEven Kyle Bass, the Texan hedge fund manager who made billions shorting mortgage bonds in the years before the financial crisis, is bullish on mortgage credit.Even Kyle Bass, the Texan hedge fund manager who made billions shorting mortgage bonds in the years before the financial crisis, is bullish on mortgage credit.]]>Sat, 12 May 2012 00:33 GMThttp://www.cnbc.com//id/47395058http://www.cnbc.com//id/47395058Last Call: "Call me Jamie": Dimon Meets His Moby DickJP Morgan shocks the financial world with a surprise 5pm conference call to announce a $2B in losses Yahoo CEO says he never gave the company his resume. Boone Pickens delivers a frank talk and video game sales see a 5th straight month of decline.JP Morgan shocks the financial world with a surprise 5pm conference call to announce a $2B in losses Yahoo CEO says he never gave the company his resume. Boone Pickens delivers a frank talk and video game sales see a 5th straight month of decline.]]>Fri, 11 May 2012 03:39 GMThttp://www.cnbc.com//id/47381773http://www.cnbc.com//id/47381773Volcker Rule Driving Talent to Hedge Funds: Daniel SternThe Volcker Rule is driving talented traders to leave large, well-known Wall Street investment banks for hedge funds, Reservoir Capital founder Daniel Stern said at the Skybridge Alternatives ( a.k.a., SALT ) investor summit.The Volcker Rule is driving talented traders to leave large, well-known Wall Street investment banks for hedge funds, Reservoir Capital founder Daniel Stern said at the Skybridge Alternatives ( a.k.a., SALT ) investor summit.]]>Thu, 10 May 2012 21:49 GMThttp://www.cnbc.com//id/47378726http://www.cnbc.com//id/47378726SALT Hedge Fund Trade: Long Portugal, Short IrelandOne of the more unexpected ideas to emerge from the Skybridge Alternatives investor summit has been investing in bonds issued by the government of Portugal.One of the more unexpected ideas to emerge from the Skybridge Alternatives investor summit has been investing in bonds issued by the government of Portugal.]]>Thu, 10 May 2012 21:22 GMThttp://www.cnbc.com//id/47378171http://www.cnbc.com//id/47378171Huge Institutional Investors Shifting Capital AllocationThe largest institutional investors in the world are increasingly looking for investments that generate positive "contractual" cash flows, as opposed to mark-to-market paper gains, according to both panelists and attendees at the Skybridge Alternatives Investor Summit.The largest institutional investors in the world are increasingly looking for investments that generate positive "contractual" cash flows, as opposed to mark-to-market paper gains, according to both panelists and attendees at the Skybridge Alternatives Investor Summit.]]>Thu, 10 May 2012 16:42 GMThttp://www.cnbc.com//id/47373585http://www.cnbc.com//id/47373585Last Call: Loeb Keeps Searching for Yahoo LeadershipActivist investor Daniel Loeb continues to put the heat on Yahoo, Cisco earnings beat but stock falls as they warn on outlook, Facebook says its mobile growth is growing faster than its advertising platform can keep up.Activist investor Daniel Loeb continues to put the heat on Yahoo, Cisco earnings beat but stock falls as they warn on outlook, Facebook says its mobile growth is growing faster than its advertising platform can keep up.]]>Thu, 10 May 2012 05:15 GMThttp://www.cnbc.com//id/47365677http://www.cnbc.com//id/47365677Contextualize This: Frank Turner's 'If Ever I Stray'Here's the video for Frank Turner's "If Ever I Stray." What we'd like you to do is take a jab at explaining why it fits current markets or global macroeconomic conditions. Winner gets a copy of Jeff Cox's "Debt, Deficits, and the Demise of the American Economy."Here's the video for Frank Turner's "If Ever I Stray." What we'd like you to do is take a jab at explaining why it fits current markets or global macroeconomic conditions. Winner gets a copy of Jeff Cox's "Debt, Deficits, and the Demise of the American Economy."]]>Wed, 09 May 2012 20:05 GMThttp://www.cnbc.com//id/47359543http://www.cnbc.com//id/47359543Is Norway Preparing for a European Bond Disaster?Norway's sovereign debt wealth fund was one of the best known holdouts against the Greek debt swap. And now it has sold all of its Irish and Portuguese government bonds, and reduced its holding of Spanish and Italian debt.Norway's sovereign debt wealth fund was one of the best known holdouts against the Greek debt swap. And now it has sold all of its Irish and Portuguese government bonds, and reduced its holding of Spanish and Italian debt.]]>Wed, 09 May 2012 19:07 GMThttp://www.cnbc.com//id/47358827http://www.cnbc.com//id/47358827SALT Summit: Nothing That Happens in Vegas Will Stay in VegasMy CNBC colleague Jeff Cox and I are off to spend the rest of the week in Las Vegas for the Skybridge Alternatives investor summit (SALT). You'll hear about the talk on the conference panels, of course. But I'll also strive to report on the latest talk in the hallways and around the card tables. And, of course, the poolside.My CNBC colleague Jeff Cox and I are off to spend the rest of the week in Las Vegas for the Skybridge Alternatives investor summit (SALT). You'll hear about the talk on the conference panels, of course. But I'll also strive to report on the latest talk in the hallways and around the card tables. And, of course, the poolside.]]>Wed, 09 May 2012 15:32 GMThttp://www.cnbc.com//id/47355153http://www.cnbc.com//id/47355153Will Greece Stiff the European Central Bank?Greece could stiff the holders of foreign law bonds who didn’t convert into the new bonds. There are debt payments under these bonds coming due any day now. It could also stiff the IMF, which is due payment on funds provided under the “old” bailout sometime next year.Greece could stiff the holders of foreign law bonds who didn’t convert into the new bonds. There are debt payments under these bonds coming due any day now. It could also stiff the IMF, which is due payment on funds provided under the “old” bailout sometime next year.]]>Tue, 08 May 2012 20:03 GMThttp://www.cnbc.com//id/47342963http://www.cnbc.com//id/47342963Why the Left Will Keep Winning ElectionsThe most striking thing about the victory of Francois Hollande in the French presidential elections is that the socialist won as the candidate of economic growth and independence. Not so very long ago, this would have seemed absurd.The most striking thing about the victory of Francois Hollande in the French presidential elections is that the socialist won as the candidate of economic growth and independence. Not so very long ago, this would have seemed absurd.]]>Tue, 08 May 2012 17:51 GMThttp://www.cnbc.com//id/47341229http://www.cnbc.com//id/47341229How the New Economics Explains Everything!My title is a bit of an exaggeration, of course. But it’s intended to inspire you to head on over to the opinion pages of the Financial Times and read Cullen Roche’s excellent article on the contributions of the modern monetary approach to our understanding of economics in the 21st century. (Read on for the link.)My title is a bit of an exaggeration, of course. But it’s intended to inspire you to head on over to the opinion pages of the Financial Times and read Cullen Roche’s excellent article on the contributions of the modern monetary approach to our understanding of economics in the 21st century. (Read on for the link.)]]>Tue, 08 May 2012 14:59 GMThttp://www.cnbc.com//id/47338421http://www.cnbc.com//id/47338421Last Call: Electronic Arts, Star Wars and a Disturbance in the ForceYahoo CEO issues an apology, EA Sports beats earnings but stock still slides, Wynn Resorts has disappointing performance in Las Vegas, Google’s self-driving car gets its first license.Yahoo CEO issues an apology, EA Sports beats earnings but stock still slides, Wynn Resorts has disappointing performance in Las Vegas, Google’s self-driving car gets its first license.]]>Tue, 08 May 2012 02:06 GMThttp://www.cnbc.com//id/47331114http://www.cnbc.com//id/47331114The Market That Just Won't CrashThe relative buoyancy of the markets in the wake of the French and Greek elections is the latest in a long series of crashes that barked but never bit.The relative buoyancy of the markets in the wake of the French and Greek elections is the latest in a long series of crashes that barked but never bit.]]>Mon, 07 May 2012 19:25 GMThttp://www.cnbc.com//id/47326879http://www.cnbc.com//id/47326879Facebook IPO Roadshow Disappoints Some InvestorsFacebook disappointed some potential investors as it kicked off its IPO roadshow in New York on Monday.Facebook disappointed some potential investors as it kicked off its IPO roadshow in New York on Monday.]]>Mon, 07 May 2012 18:33 GMThttp://www.cnbc.com//id/47325944http://www.cnbc.com//id/47325944A Generational Shift Away From Stocks?The New York Times does an excellent job describing the retreat from stock trading that is now in its fourth year. Volume on the equities exchanges are half what they were before the financial crisis. What's happened? It seems that stocks have gone out of fashion.The New York Times does an excellent job describing the retreat from stock trading that is now in its fourth year. Volume on the equities exchanges are half what they were before the financial crisis. What's happened? It seems that stocks have gone out of fashion.]]>Mon, 07 May 2012 18:10 GMThttp://www.cnbc.com//id/47325436http://www.cnbc.com//id/47325436A Modest Job Guarantee Proposal: Domestic Servant SubsidiesUnemployment in the United States is a lot like the weather: everyone talks about it but hardly anyone does anything about it.Unemployment in the United States is a lot like the weather: everyone talks about it but hardly anyone does anything about it.]]>Mon, 07 May 2012 14:28 GMThttp://www.cnbc.com//id/47322452http://www.cnbc.com//id/47322452Crazy Trade of the Week: Naked Shorting Facebook IPO GearThe Facebook IPO “teach-in” at JPMorgan chase has given rise to a host of ridiculous swag. And a unique trading opportunity.The Facebook IPO “teach-in” at JPMorgan chase has given rise to a host of ridiculous swag. And a unique trading opportunity.]]>Fri, 04 May 2012 22:18 GMThttp://www.cnbc.com//id/47300848http://www.cnbc.com//id/47300848The Wisdom of David Einhorn’s Jelly DonutsEarlier this week, Greenlight Capital President David Einhorn compared the Federal Reserves monetary policy to force-feeding someone too many jelly donuts. That’s just one of a bunch of colorful passages in Einhorn’s long Huffington Post essay.Earlier this week, Greenlight Capital President David Einhorn compared the Federal Reserves monetary policy to force-feeding someone too many jelly donuts. That’s just one of a bunch of colorful passages in Einhorn’s long Huffington Post essay.]]>Fri, 04 May 2012 19:19 GMThttp://www.cnbc.com//id/47298203http://www.cnbc.com//id/47298203Is Wall Street Hustling Facebook?Let me propose something that not many people are saying Friday morning: Facebook’s initial public offering price may be too low. Mark Zuckerberg may have been hustled by Wall Street—like so many other tech company founders.Let me propose something that not many people are saying Friday morning: Facebook’s initial public offering price may be too low. Mark Zuckerberg may have been hustled by Wall Street—like so many other tech company founders.]]>Fri, 04 May 2012 17:27 GMThttp://www.cnbc.com//id/47296872http://www.cnbc.com//id/47296872Nouriel Roubini to Michael Milken: 'We May Be Dead in the Short Run'It’s become an annual ritual at the Milken Institute Global Conference: Nouriel Roubini faces off with Michael Milken. Roubini began with an uncharacteristic optimism, quickly rattling off a series of “upside risks” to the global economy. Then it was time for the bad news.It’s become an annual ritual at the Milken Institute Global Conference: Nouriel Roubini faces off with Michael Milken. Roubini began with an uncharacteristic optimism, quickly rattling off a series of “upside risks” to the global economy. Then it was time for the bad news.]]>Thu, 03 May 2012 21:03 GMThttp://www.cnbc.com//id/47285747http://www.cnbc.com//id/47285747What’s This ‘Fiscal Cliff’ Anyway? Do I Need to Worry?"We do not see the doomsday scenario playing out," says one economist. "Policymakers are unlikely to drive the US economy off the fiscal cliff.""We do not see the doomsday scenario playing out," says one economist. "Policymakers are unlikely to drive the US economy off the fiscal cliff."]]>Wed, 02 May 2012 17:52 GMThttp://www.cnbc.com//id/47263088http://www.cnbc.com//id/47263088Dewey Gives Partners Permission to Poach AssociatesI'm still at the Milken Institute Global Conference in Los Angeles, which means I'm very far from the dramatic meltdown of Dewey & LeBoeuf. There are not, as far as I've been able to discover, any Dewey partners on the program of speakers. But I wanted to make a point about the internal memo the law firm has sent out, encouraging its partners to seek new jobs.I'm still at the Milken Institute Global Conference in Los Angeles, which means I'm very far from the dramatic meltdown of Dewey & LeBoeuf. There are not, as far as I've been able to discover, any Dewey partners on the program of speakers. But I wanted to make a point about the internal memo the law firm has sent out, encouraging its partners to seek new jobs.]]>Wed, 02 May 2012 15:56 GMThttp://www.cnbc.com//id/47263900http://www.cnbc.com//id/47263900Last Call: Herbalife 'Nobody Wears Shoes Here!'Herbalife stock takes a plunge on tough questioning, the company calls it a buying opportunity. Chesapeake Energy surprises with a Q1 loss, Sirius XM feuds with Liberty Media.Herbalife stock takes a plunge on tough questioning, the company calls it a buying opportunity. Chesapeake Energy surprises with a Q1 loss, Sirius XM feuds with Liberty Media.]]>Wed, 02 May 2012 03:28 GMThttp://www.cnbc.com//id/47256582http://www.cnbc.com//id/47256582Networking: A Very Milken MomentTheir conversation begins casually. The guy without the tie is from New York. He's involved in the tech sector. Specifically, he works for a start up intended to "disrupt higher education." The guy with the tie is from Paris, although he adds that he is of both French and Venezuelan descent...Their conversation begins casually. The guy without the tie is from New York. He's involved in the tech sector. Specifically, he works for a start up intended to "disrupt higher education." The guy with the tie is from Paris, although he adds that he is of both French and Venezuelan descent...]]>Tue, 01 May 2012 22:55 GMThttp://www.cnbc.com//id/47254639http://www.cnbc.com//id/47254639Where Are the Bond-Market Vigilantes?At a morning Milken Institute Global Conference panel on the overview for the United States economy, Milken Institute chief research officer Ross DeVol asked panelists whether “bond-market vigilantes” would force up U.S. interest rates in reaction to the federal government’s budget deficit.At a morning Milken Institute Global Conference panel on the overview for the United States economy, Milken Institute chief research officer Ross DeVol asked panelists whether “bond-market vigilantes” would force up U.S. interest rates in reaction to the federal government’s budget deficit.]]>Tue, 01 May 2012 19:18 GMThttp://www.cnbc.com//id/47251235http://www.cnbc.com//id/47251235For Occupy Wall Street, Rain, Crowds and Career AdviceThe boisterous musical parade of Occupy Wall Street protesters took an unfortunate right turn in Manhattan Tuesday and wound up in some unfriendly territory.The boisterous musical parade of Occupy Wall Street protesters took an unfortunate right turn in Manhattan Tuesday and wound up in some unfriendly territory.]]>Tue, 01 May 2012 18:04 GMThttp://www.cnbc.com//id/47248701http://www.cnbc.com//id/47248701Is Gold a Commodity?In a decidedly bullish panel on commodities at the Milken Institute Global Conference, one area of bearishness stuck out: gold.In a decidedly bullish panel on commodities at the Milken Institute Global Conference, one area of bearishness stuck out: gold.]]>Tue, 01 May 2012 17:19 GMThttp://www.cnbc.com//id/47249173http://www.cnbc.com//id/47249173Facebook IPO, Private Equity and MilkenLast year, Carlyle Group co-founder David Rubenstein told the conference that he "blew it" when given the chance to be one of Facebook's first investors.Last year, Carlyle Group co-founder David Rubenstein told the conference that he "blew it" when given the chance to be one of Facebook's first investors.]]>Tue, 01 May 2012 16:50 GMThttp://www.cnbc.com//id/47248775http://www.cnbc.com//id/47248775Last Call: A Groupon-Like Stock Deal...On GrouponAllscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.Allscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.]]>Tue, 01 May 2012 02:34 GMThttp://www.cnbc.com//id/47240282http://www.cnbc.com//id/47240282Occupy Wall Street: They're Back, But Does Anyone Care?After spending 2011 near the top of the news headlines, Occupy Wall Street finds itself in a struggle to regain relevance as a grassroots protest against corporate greed and Washington corruption.After spending 2011 near the top of the news headlines, Occupy Wall Street finds itself in a struggle to regain relevance as a grassroots protest against corporate greed and Washington corruption.]]>Mon, 30 Apr 2012 18:13 GMThttp://www.cnbc.com//id/47233587http://www.cnbc.com//id/47233587NetNet Takes LA: The Milken Institute ConferenceNext week, NetNet will be written out of Los Angeles. I'm flying out for the Milken Institute conference, which runs Sunday through Wednesday. Loyal readers will recall that I covered the conference last year and the year before that. Here's a write up I did for our special Milken Institute page...Next week, NetNet will be written out of Los Angeles. I'm flying out for the Milken Institute conference, which runs Sunday through Wednesday. Loyal readers will recall that I covered the conference last year and the year before that. Here's a write up I did for our special Milken Institute page...]]>Fri, 27 Apr 2012 19:59 GMThttp://www.cnbc.com//id/47208988http://www.cnbc.com//id/47208988Economy's Biggest Drag Right Now Is GovernmentGovernment has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace.Government has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace.]]>Fri, 27 Apr 2012 17:12 GMThttp://www.cnbc.com//id/47205997http://www.cnbc.com//id/47205997Last Call: The Spinal Tap TreatmentAllscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.Allscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.]]>Fri, 27 Apr 2012 03:41 GMThttp://www.cnbc.com//id/47199333http://www.cnbc.com//id/47199333Is Selling Scoops Really Insider Trading?After my piece arguing that newspapers selling scoops to hedge funds would be violating insider trading laws, a number of people pointed out that my argument only took into account the “classical” theory of insider trading and left out what’s known as the “misappropriation theory.”After my piece arguing that newspapers selling scoops to hedge funds would be violating insider trading laws, a number of people pointed out that my argument only took into account the “classical” theory of insider trading and left out what’s known as the “misappropriation theory.”]]>Thu, 26 Apr 2012 21:16 GMThttp://www.cnbc.com//id/47195319http://www.cnbc.com//id/47195319Could The New York Times Sell Its Scoops to Hedge Funds?Felix Salmon has raised an interesting question: could The New York Times sell early access to market-moving scoops to hedge funds?Felix Salmon has raised an interesting question: could The New York Times sell early access to market-moving scoops to hedge funds?]]>Thu, 26 Apr 2012 19:49 GMThttp://www.cnbc.com//id/47193585http://www.cnbc.com//id/47193585New Jobs Growth Trend? Nonprofit Pursuit of HappinessWhen 27 year-old Damali Elliott started the non-profit Petals-N-Belles three years ago, she gave up a promising career in public relations. It was a decision criticized by her friends and family. But that unconventional choice may soon pay off.When 27 year-old Damali Elliott started the non-profit Petals-N-Belles three years ago, she gave up a promising career in public relations. It was a decision criticized by her friends and family. But that unconventional choice may soon pay off.]]>Thu, 26 Apr 2012 17:21 GMThttp://www.cnbc.com//id/47191291http://www.cnbc.com//id/47191291Wal-Mart Could Face Steep Penalties: AttorneyWe spoke with Stephen Binhak , a white-collar criminal defense attorney in private practice in Miami, and an expert on the FCPA. He was formerly with Greenberg, Traurig; was an Assistant US Attorney; and was also Associate Independent Counsel to Ken Starr on the Pres. Clinton impeachment investigation.We spoke with Stephen Binhak , a white-collar criminal defense attorney in private practice in Miami, and an expert on the FCPA. He was formerly with Greenberg, Traurig; was an Assistant US Attorney; and was also Associate Independent Counsel to Ken Starr on the Pres. Clinton impeachment investigation.]]>Thu, 26 Apr 2012 15:24 GMThttp://www.cnbc.com//id/47189562http://www.cnbc.com//id/47189562What Falling Milk Prices Say About an Economic SlowdownThe decline of milk prices this year has been a welcome development for consumers pressured by $4 a gallon gas, but could be a bad sign for the economy.The decline of milk prices this year has been a welcome development for consumers pressured by $4 a gallon gas, but could be a bad sign for the economy.]]>Thu, 26 Apr 2012 14:57 GMThttp://www.cnbc.com//id/47187994http://www.cnbc.com//id/47187994Last Call: Frank Sinatra and the Las Vegas SandsThe Fed says no action is the best action, Tim Geithner tells CNBC the US economy is gradually getting stronger, Las Vegas Sands Corp. beats earnings but falls slightly after hours and the VC firm behind some of the biggest names in tech make a groundbreaking charitable pledge.The Fed says no action is the best action, Tim Geithner tells CNBC the US economy is gradually getting stronger, Las Vegas Sands Corp. beats earnings but falls slightly after hours and the VC firm behind some of the biggest names in tech make a groundbreaking charitable pledge.]]>Thu, 26 Apr 2012 02:03 GMThttp://www.cnbc.com//id/47182730http://www.cnbc.com//id/47182730Blankfein’s Reemergence Means He’s Staying at GoldmanGoldman CEO comes out of the shadows. Don't expect him to retire soon.Goldman CEO comes out of the shadows. Don't expect him to retire soon.]]>Wed, 25 Apr 2012 19:52 GMThttp://www.cnbc.com//id/47175494http://www.cnbc.com//id/47175494Goldman Bond Guru: Growth Markets More Appealing Than Treasurys“When you think about it just from a fiscal standpoint, the developed markets, the large markets, look kind of scary and the growth markets actually look pretty appealing from a risk perspective,” Jon Beinner said.“When you think about it just from a fiscal standpoint, the developed markets, the large markets, look kind of scary and the growth markets actually look pretty appealing from a risk perspective,” Jon Beinner said.]]>Wed, 25 Apr 2012 16:59 GMThttp://www.cnbc.com//id/47173810http://www.cnbc.com//id/47173810How to Fix Social Security for Less Than $50Over at Forbes, Josh Barro has a response to the recent news about the Social Security trust fund that is both funny and wise.Over at Forbes, Josh Barro has a response to the recent news about the Social Security trust fund that is both funny and wise.]]>Wed, 25 Apr 2012 14:55 GMThttp://www.cnbc.com//id/47173814http://www.cnbc.com//id/47173814Bank Stocks to Have 'Long, Hot Summer': BoveThough he has been telling investors to buy bank stocks with all their might, analyst Dick Bove says this summer could require a strong stomach for those who followed the advice.Though he has been telling investors to buy bank stocks with all their might, analyst Dick Bove says this summer could require a strong stomach for those who followed the advice.]]>Tue, 24 Apr 2012 19:31 GMThttp://www.cnbc.com//id/47161703http://www.cnbc.com//id/47161703Wait, Is Tim Geithner REALLY Going to Dartmouth?The New York Post's Page Six reported today (Tuesday) that the father of Geithner's wife boasted about an offer from Dartmouth at a dinner in New York City this afternoon. The story even hinted at a bit of corruption.The New York Post's Page Six reported today (Tuesday) that the father of Geithner's wife boasted about an offer from Dartmouth at a dinner in New York City this afternoon. The story even hinted at a bit of corruption.]]>Tue, 24 Apr 2012 16:38 GMThttp://www.cnbc.com//id/47159967http://www.cnbc.com//id/47159967Geithner to Dartmouth? A Family Secret Gets LeakedTim Geithner could be heading back to school so to speak, at least if his chatty father-in-law is to be believed.Tim Geithner could be heading back to school so to speak, at least if his chatty father-in-law is to be believed.]]>Tue, 24 Apr 2012 14:40 GMThttp://www.cnbc.com//id/47157308http://www.cnbc.com//id/47157308Last Call: If William Shakespeare Owned Netflix StockTonight’s top stories: NETFLIX delivers earnings inline with expectations but the stock plummet after hours. Facebook files and amended S-1, Texas Instruments CEO says things are on the upswing, Social Security outlook is lowered.Tonight’s top stories: NETFLIX delivers earnings inline with expectations but the stock plummet after hours. Facebook files and amended S-1, Texas Instruments CEO says things are on the upswing, Social Security outlook is lowered.]]>Tue, 24 Apr 2012 02:45 GMThttp://www.cnbc.com//id/47151742http://www.cnbc.com//id/47151742Would Guaranteed Jobs Undermine the Brooklyn Business Revolution?Shine perishing artisanal movment!Shine perishing artisanal movment!]]>Mon, 23 Apr 2012 20:55 GMThttp://www.cnbc.com//id/47148600http://www.cnbc.com//id/47148600Commentary: Why Are We So Stupid?Thirty-five percent of Americans flunked a recent test of basic political facts.Thirty-five percent of Americans flunked a recent test of basic political facts.]]>Mon, 23 Apr 2012 20:03 GMThttp://www.cnbc.com//id/47147245http://www.cnbc.com//id/47147245Spreadsheet Lover's 9.5 Girl Thinks He's 'Nice'One of the women on David Merkur's notorious spreadsheet thinks he's a "really nice guy." As I predicted, the backlash against the scorn poured upon Merkur is in full swing.One of the women on David Merkur's notorious spreadsheet thinks he's a "really nice guy." As I predicted, the backlash against the scorn poured upon Merkur is in full swing.]]>Fri, 20 Apr 2012 23:31 GMThttp://www.cnbc.com//id/47123093http://www.cnbc.com//id/47123093Democrats Against Stimulus—and JobsIt seems that the Obama administration is so caught up in its own class-warfare rhetoric that it prefers continuing to hold the Great Recession over Republicans, to cutting taxes on businesses.It seems that the Obama administration is so caught up in its own class-warfare rhetoric that it prefers continuing to hold the Great Recession over Republicans, to cutting taxes on businesses.]]>Fri, 20 Apr 2012 23:08 GMThttp://www.cnbc.com//id/47123006http://www.cnbc.com//id/47123006What Happens if You Tax Savings?Matt Ygelsias attempts an imaginative solution to the problem of attempting to use monetary policy to juice an economy when interest rates are already at the zero-boundary. Unfortunately, it won't work.Matt Ygelsias attempts an imaginative solution to the problem of attempting to use monetary policy to juice an economy when interest rates are already at the zero-boundary. Unfortunately, it won't work.]]>Fri, 20 Apr 2012 19:32 GMThttp://www.cnbc.com//id/47120342http://www.cnbc.com//id/47120342Women Defend the 'Creepy' Finance GuyIt seems I'm not the only one who thinks that the guy Jezebel labeled a "creepy finance guy" isn't really all that creepy.It seems I'm not the only one who thinks that the guy Jezebel labeled a "creepy finance guy" isn't really all that creepy.]]>Fri, 20 Apr 2012 18:01 GMThttp://www.cnbc.com//id/47119231http://www.cnbc.com//id/47119231Facebook IPO: What Instagram Deal Tells InvestorsMark Zuckerberg has done a great service to would-be investors in Facebook.Mark Zuckerberg has done a great service to would-be investors in Facebook.]]>Fri, 20 Apr 2012 16:27 GMThttp://www.cnbc.com//id/47117715http://www.cnbc.com//id/47117715Is 'Spreadsheet Lover' a Cyber Cad?This might not have been the brightest idea he’s ever had, but it doesn’t make him a bad guy in any way. His ranking of the women on a scale from 1 to 10 may rankle a few of the types who believe every one of us is a unique and precious snowflake—but it is hardly shocking.This might not have been the brightest idea he’s ever had, but it doesn’t make him a bad guy in any way. His ranking of the women on a scale from 1 to 10 may rankle a few of the types who believe every one of us is a unique and precious snowflake—but it is hardly shocking.]]>Thu, 19 Apr 2012 21:43 GMThttp://www.cnbc.com//id/47107190http://www.cnbc.com//id/47107190BofA Still Fighting with Fannie, Freddie, Mortgage InvestorsBank of America put in a good first quarter for 2012. Trading in bonds, interest rates and currencies boosted earnings. Provisions for bad loans shrunk to the lowest levels since 2007. But one negative continues to weigh on the bank: the fight over old loans sold to Fannie Mae, Freddie Mac and private investors.Bank of America put in a good first quarter for 2012. Trading in bonds, interest rates and currencies boosted earnings. Provisions for bad loans shrunk to the lowest levels since 2007. But one negative continues to weigh on the bank: the fight over old loans sold to Fannie Mae, Freddie Mac and private investors.]]>Thu, 19 Apr 2012 16:08 GMThttp://www.cnbc.com//id/47102497http://www.cnbc.com//id/47102497Goldman Partners Sitting Pretty on PaySure, Goldman Sachs cut its overall accrual for employee pay and benefits in the first quarter by 16 percent. But the amount of compensation per partner appears to have declined by far less...Sure, Goldman Sachs cut its overall accrual for employee pay and benefits in the first quarter by 16 percent. But the amount of compensation per partner appears to have declined by far less...]]>Wed, 18 Apr 2012 23:28 GMThttp://www.cnbc.com//id/47093191http://www.cnbc.com//id/47093191Citi CEO Vikram Pandit Selling His Conn. EstateJust a day after shareholders rejected Citigroup chief executive Vikram Pandit’s pay package, the word is out that Pandit is selling a 2.3 acre estate in Greenwich, Conn. for an asking price of $4,300,000.Just a day after shareholders rejected Citigroup chief executive Vikram Pandit’s pay package, the word is out that Pandit is selling a 2.3 acre estate in Greenwich, Conn. for an asking price of $4,300,000.]]>Wed, 18 Apr 2012 22:36 GMThttp://www.cnbc.com//id/47092597http://www.cnbc.com//id/47092597Why Citigroup Will Likely Be Sued Over Vikram Pandit’s PayThe shareholder rejection of Citigroup’s executive compensation package leaves the company with few options—none of them good.The shareholder rejection of Citigroup’s executive compensation package leaves the company with few options—none of them good.]]>Wed, 18 Apr 2012 19:48 GMThttp://www.cnbc.com//id/47089838http://www.cnbc.com//id/47089838Spreadsheet Love: A NYC Dating TaleSo recently, I sent this video to a girl who was frustrated with dating in New York. The video is of Lucy pulling the ball away from Charlie Brown, again...So recently, I sent this video to a girl who was frustrated with dating in New York. The video is of Lucy pulling the ball away from Charlie Brown, again...]]>Tue, 17 Apr 2012 15:19 GMThttp://www.cnbc.com//id/47074232http://www.cnbc.com//id/47074232Pimco and the JPMorgan Whale: CHIP-ing Away at a ScandalI got the idea for this trade from a credit trader at a rival bank based in Europe. But it turns out that it was also recommended a year and a half ago by Pimco managing director Mihir Worah.I got the idea for this trade from a credit trader at a rival bank based in Europe. But it turns out that it was also recommended a year and a half ago by Pimco managing director Mihir Worah.]]>Tue, 17 Apr 2012 14:48 GMThttp://www.cnbc.com//id/47073854http://www.cnbc.com//id/47073854Fed Release Is Absurdly RedactedThe Federal Reserve released 513 pages of previously unseen transcripts of policy meetings that took place between 2007 and 2010—and most of them are so heavily redacted that they elicit laughter.The Federal Reserve released 513 pages of previously unseen transcripts of policy meetings that took place between 2007 and 2010—and most of them are so heavily redacted that they elicit laughter.]]>Mon, 16 Apr 2012 22:09 GMThttp://www.cnbc.com//id/47066627http://www.cnbc.com//id/47066627Fed's Fisher Changed His Vote On Crisis Interest Rates Over LunchFederal Reserve Bank of Dallas President Richard Fisher initially provided the only "No" vote on a motion before the Federal Open Market Committee at the height of the financial crisis—only to reverse his vote after an unrecorded lunch break, according to a heavily redacted transcript of Fed documents released Monday afternoon.Federal Reserve Bank of Dallas President Richard Fisher initially provided the only "No" vote on a motion before the Federal Open Market Committee at the height of the financial crisis—only to reverse his vote after an unrecorded lunch break, according to a heavily redacted transcript of Fed documents released Monday afternoon.]]>Mon, 16 Apr 2012 20:49 GMThttp://www.cnbc.com//id/47065735http://www.cnbc.com//id/47065735Pimco's Neel Kashkari: Deficits Prop Up Stock MarketA lot of people would argue that Kashkari, the former Goldman Sachs banker turned Hank Paulson Treasury Department TARP right hand man turned Pimco stock picker, has always been interesting. But Kashkari's latest essay for Pimco's "Equity Focus" column is interesting in an entirely new way.A lot of people would argue that Kashkari, the former Goldman Sachs banker turned Hank Paulson Treasury Department TARP right hand man turned Pimco stock picker, has always been interesting. But Kashkari's latest essay for Pimco's "Equity Focus" column is interesting in an entirely new way.]]>Mon, 16 Apr 2012 17:16 GMThttp://www.cnbc.com//id/47063172http://www.cnbc.com//id/47063172Is This the Book that Inspired Jamie Dimon's Warnings About Regulation?Dimon sounds like he's read "A Perfect Storm."Dimon sounds like he's read "A Perfect Storm."]]>Fri, 13 Apr 2012 20:38 GMThttp://www.cnbc.com//id/47044647http://www.cnbc.com//id/47044647What the ‘London Whale’ Is (Probably) DoingIn a conference call following this morning’s earnings announcement, JPMorgan Chase Chief Financial Officer Doug Braunstein basically laughed off the idea that a London-based trader in the bank’s chief investment office was engaging in large proprietary trades that were distorting the market in credit default swaps for investment grade corporate bonds.In a conference call following this morning’s earnings announcement, JPMorgan Chase Chief Financial Officer Doug Braunstein basically laughed off the idea that a London-based trader in the bank’s chief investment office was engaging in large proprietary trades that were distorting the market in credit default swaps for investment grade corporate bonds.]]>Fri, 13 Apr 2012 15:58 GMThttp://www.cnbc.com//id/47040996http://www.cnbc.com//id/47040996Last Call: Google Announces Stock Split, Wall Street Goes BananasTonight’s top stories: Markets bounce back after down spell, Dow has best day in a month.  Wall Street reaction to Google’s two for one stock split. Best Buy investigation into CEO behavior continues. Will we see a black CAT on Friday the 13th? Video game sales continue decline.Tonight’s top stories: Markets bounce back after down spell, Dow has best day in a month.  Wall Street reaction to Google’s two for one stock split. Best Buy investigation into CEO behavior continues. Will we see a black CAT on Friday the 13th? Video game sales continue decline.]]>Fri, 13 Apr 2012 02:34 GMThttp://www.cnbc.com//id/47036300http://www.cnbc.com//id/47036300US Needs to 'Build Huge Banks,' Not Break Them Up: BoveThe U.S. needs more big banks, not less, if it is going to remain a world power and avoid the fate of some debt-laden European countries, analyst Dick Bove said.The U.S. needs more big banks, not less, if it is going to remain a world power and avoid the fate of some debt-laden European countries, analyst Dick Bove said.]]>Thu, 12 Apr 2012 19:38 GMThttp://www.cnbc.com//id/47032009http://www.cnbc.com//id/47032009Why Facebook Is a Threat to Google’s EarningsAdvertisers want to target their ads to the people most likely to be receptive to them, and information is the key to targeting. The more information available, the better the targeting.Advertisers want to target their ads to the people most likely to be receptive to them, and information is the key to targeting. The more information available, the better the targeting.]]>Thu, 12 Apr 2012 16:46 GMThttp://www.cnbc.com//id/47030496http://www.cnbc.com//id/47030496Fed's Dudley: Economy Barely Keeping UpBill Dudley, the president of the New York Federal Reserve bank, indicated that he is most likely supporting additional action by the Federal Reserve to speed up the economy.Bill Dudley, the president of the New York Federal Reserve bank, indicated that he is most likely supporting additional action by the Federal Reserve to speed up the economy.]]>Thu, 12 Apr 2012 15:51 GMThttp://www.cnbc.com//id/47029910http://www.cnbc.com//id/47029910Last Call: Listen to the Music StreamHere's what people are talking about tonight: Former Grateful Dead guitarist Bob Weir inks music streaming deal with Yahoo and Google's upcoming earnings.Here's what people are talking about tonight: Former Grateful Dead guitarist Bob Weir inks music streaming deal with Yahoo and Google's upcoming earnings.]]>Thu, 12 Apr 2012 02:40 GMThttp://www.cnbc.com//id/47023938http://www.cnbc.com//id/47023938Stress Tests Create ‘False Sense of Security’: Fed’s GeorgeIt's not every day that a bank regulator argues that financial regulations and monetary policy contributed to the near collapse of the financial system.It's not every day that a bank regulator argues that financial regulations and monetary policy contributed to the near collapse of the financial system.]]>Wed, 11 Apr 2012 15:58 GMThttp://www.cnbc.com//id/47017570http://www.cnbc.com//id/47017570NetNet Quarterly Report: Predictions 2012I'm two for five after the first quarter!I'm two for five after the first quarter!]]>Wed, 11 Apr 2012 15:20 GMThttp://www.cnbc.com//id/47007218http://www.cnbc.com//id/47007218Last Call: Best Buy CEO Steps AsideHere's what people are talking about tonight: Best Buy CEO resigning in the midst of a company probe, where the Dow is headed and Alcoa's stellar earnings.Here's what people are talking about tonight: Best Buy CEO resigning in the midst of a company probe, where the Dow is headed and Alcoa's stellar earnings.]]>Wed, 11 Apr 2012 02:42 GMThttp://www.cnbc.com//id/47011821http://www.cnbc.com//id/47011821Will Facebook’s Instagram Deal Face Antitrust Scrutiny?The huge pricetag for Instagram may raise regulatory red flags.The huge pricetag for Instagram may raise regulatory red flags.]]>Tue, 10 Apr 2012 17:19 GMThttp://www.cnbc.com//id/47006453http://www.cnbc.com//id/47006453Last Call: A Picture is Worth a Thousand Words, Instagram Worth $1 BillionHere's what people are talking about tonight: Facebook buying Instagram for a billion dollars and AOL's sizeable cash pile.Here's what people are talking about tonight: Facebook buying Instagram for a billion dollars and AOL's sizeable cash pile.]]>Tue, 10 Apr 2012 01:42 GMThttp://www.cnbc.com//id/46999340http://www.cnbc.com//id/46999340Last Call: Facebook Friends NasdaqHere's what people are talking about tonight: Facebook likes Nasdaq, Egan-Jones cuts U.S. credit rating and Yahoo plans a meeting to discuss future.Here's what people are talking about tonight: Facebook likes Nasdaq, Egan-Jones cuts U.S. credit rating and Yahoo plans a meeting to discuss future.]]>Fri, 06 Apr 2012 01:57 GMThttp://www.cnbc.com//id/46973031http://www.cnbc.com//id/46973031Here’s Another SEC Regulation that Helped Cause the Financial CrisisA lot of people—including the government’s Financial Crisis Inquiry Commission—tend to view the financial crisis as a result of a failure of capitalism or a result of deregulation. There’s some truth to this. But the role that regulatory constraints on market actors played in the crisis still doesn’t get enough attention.A lot of people—including the government’s Financial Crisis Inquiry Commission—tend to view the financial crisis as a result of a failure of capitalism or a result of deregulation. There’s some truth to this. But the role that regulatory constraints on market actors played in the crisis still doesn’t get enough attention.]]>Thu, 05 Apr 2012 23:09 GMThttp://www.cnbc.com//id/46971868http://www.cnbc.com//id/46971868A Timely Banking Lesson From the Paul Volcker EraA dramatic change in the conduct of monetary policy that occurred in 1979 can shed some light on the current confusion over the role of reserves in bank lending.A dramatic change in the conduct of monetary policy that occurred in 1979 can shed some light on the current confusion over the role of reserves in bank lending.]]>Thu, 05 Apr 2012 21:30 GMThttp://www.cnbc.com//id/46970524http://www.cnbc.com//id/46970524What Really Constrains Bank LendingThe idea that banks are not constrained by reserve levels—because they can always borrow required reserves should they fall short—shouldn’t leave anyone with the impression that banks do not face serious constraints on their lending.The idea that banks are not constrained by reserve levels—because they can always borrow required reserves should they fall short—shouldn’t leave anyone with the impression that banks do not face serious constraints on their lending.]]>Thu, 05 Apr 2012 21:06 GMThttp://www.cnbc.com//id/46970418http://www.cnbc.com//id/46970418Greece Plays Chicken With Bondholders...AgainRemember when everyone worried that Greece would default on its bonds? Now the concern is that Greece might not default on certain bonds...Remember when everyone worried that Greece would default on its bonds? Now the concern is that Greece might not default on certain bonds...]]>Thu, 05 Apr 2012 16:18 GMThttp://www.cnbc.com//id/46966234http://www.cnbc.com//id/46966234Last Call: The Future Looks Bright For JPMSharpen your pencils, it's Last Call quiz time.Sharpen your pencils, it's Last Call quiz time.]]>Thu, 05 Apr 2012 02:15 GMThttp://www.cnbc.com//id/46959405http://www.cnbc.com//id/46959405Morgan Stanley Downgrades Chance of Fed EasingMorgan Stanley has downgraded its forecast of further quantitative easing by the Federal Reserve to one-out-of-three chance from two out of three.Morgan Stanley has downgraded its forecast of further quantitative easing by the Federal Reserve to one-out-of-three chance from two out of three.]]>Wed, 04 Apr 2012 16:40 GMThttp://www.cnbc.com//id/46953286http://www.cnbc.com//id/46953286Last Call: Taking Burger King Public AgainSharpen your pencils, it's Last Call quiz time.Sharpen your pencils, it's Last Call quiz time.]]>Wed, 04 Apr 2012 02:21 GMThttp://www.cnbc.com//id/46946325http://www.cnbc.com//id/46946325The Irrelevance of Bank ReservesIf you're feeling a bit lost when it comes to all this talk about bank lending not being "reserve constrained," you aren't alone.If you're feeling a bit lost when it comes to all this talk about bank lending not being "reserve constrained," you aren't alone.]]>Tue, 03 Apr 2012 22:55 GMThttp://www.cnbc.com//id/46945308http://www.cnbc.com//id/46945308Paul Krugman vs. MMT: The Great DebateThere’s a tremendously important debate being waged across a bunch of different websites, including Paul Krugman’s at The New York Times, about how banking really works.There’s a tremendously important debate being waged across a bunch of different websites, including Paul Krugman’s at The New York Times, about how banking really works.]]>Tue, 03 Apr 2012 22:42 GMThttp://www.cnbc.com//id/46944145http://www.cnbc.com//id/46944145St. Louis Fed Blows Subprime StudyA new study on the government's role in housing bubble doesn't really add up.A new study on the government's role in housing bubble doesn't really add up.]]>Tue, 03 Apr 2012 11:33 GMThttp://www.cnbc.com//id/46929912http://www.cnbc.com//id/46929912Last Call: 2 AprilAll the world loves a clown, except on the taxpayers dime.All the world loves a clown, except on the taxpayers dime.]]>Tue, 03 Apr 2012 01:33 GMThttp://www.cnbc.com//id/46933745http://www.cnbc.com//id/46933745How a Failed Deal Got Goldman Entangled in Sex TraffickingGoldman never meant to own a piece of the largest prostitution ad service. Here's the story of how it happened.Goldman never meant to own a piece of the largest prostitution ad service. Here's the story of how it happened.]]>Mon, 02 Apr 2012 21:51 GMThttp://www.cnbc.com//id/46929898http://www.cnbc.com//id/46929898Barclays Capital’s Wieseneck to Lead Investment Bank StrategyAs the face of investment banking changes, Barclays Capital is appointing Lehman Brothers alum Larry Wieseneck to a newly created position spearheading the group’s strategy.As the face of investment banking changes, Barclays Capital is appointing Lehman Brothers alum Larry Wieseneck to a newly created position spearheading the group’s strategy.]]>Mon, 02 Apr 2012 17:09 GMThttp://www.cnbc.com//id/46928318http://www.cnbc.com//id/46928318Pimco ETF Rakes In Cash Despite Continued Stock RallyInvestors have flocked to Pimco's new bond ETF, which has had meager returns so far, despite a 25 percent-plus stock rally.Investors have flocked to Pimco's new bond ETF, which has had meager returns so far, despite a 25 percent-plus stock rally.]]>Fri, 30 Mar 2012 18:13 GMThttp://www.cnbc.com//id/46905929http://www.cnbc.com//id/46905929