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NetNet With John Carney

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  Tuesday, 12 Oct 2010 | 8:51 AM ET

New Hazard: Your Boss Uses SMS Texting. Lol.

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Several hours before last night's Hailpocalypse descended upon Brooklyn, we were having drinks with a guy who works in fixed income at JP Morgan Chase. He revealed a new and unintended consequence of more bankers using iPhones: some senior bankers are just discovering text messaging.

AP
Iphone using

"My boss used BlackBerry messaging and sent emails all the time. Sometimes his emails were so short, like one word, that I believed he thought it was a version of instant messaging," the banker told us. "But this is far, far worse. He discovered texting through the iPhone and now he won't stop."

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  Tuesday, 12 Oct 2010 | 8:30 AM ET

Google's Newest Business: Tracking Inflation

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40 states to coordinate mortgage foreclosure documentation probe (Wall Street Journal)

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  Monday, 11 Oct 2010 | 5:53 PM ET

Terrorists & Inflation Less of A Threat Than Government

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Michelle Caruso-Cabrera... for Senate? (BusinessInsider)

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  Monday, 11 Oct 2010 | 5:35 PM ET

Brit Bankers Are Back In The Lap Dance Game Again

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Austerity might be all the rage for debt-issuing sovereigns in Europe these days.

Exotic Dancer

But it certainly hasn't taken hold of the financial sector's would-be BSD's. The Evening Standard reports that we're right back to the boom times, at least when it comes to the kind of strip clubs favored by London's traders:

Andrew Hawes, managing director of Bollinger UK, said it was currently impossible to get enough of its £120-a-bottle Special Cuvée into Britain because demand is so strong.

He said: “There was a time when people certainly didn't want to be seen with an expensive bottle of champagne — but we're past that phase now.”

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  Monday, 11 Oct 2010 | 5:20 PM ET

Need Into MBA School? Not A Problem.

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When I walked out of Delmonico's after dinner with my parents Saturday night I came across this flyer on a U.S. mail box near the restaurant.

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  Monday, 11 Oct 2010 | 5:19 PM ET

Yes, You Should Be Very Worried About the C-4 Found in A Second Street Cemetery

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Do not believe the reassurances you might hear about the explosives found in an East Village cemetery.

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  Monday, 11 Oct 2010 | 4:47 PM ET

Now Goldman Sachs Is Freezing Foreclosures

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One by one, the foreclosure mills are grinding to a halt.

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  Monday, 11 Oct 2010 | 4:45 PM ET

The Foreclosure Crisis and SarbOx

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The news that a single loan officer working for Ally’s GMAC mortgage unit processed tens of thousands of foreclosure documents, many apparently falsified, each month for five years should have executives and auditors at all the large mortgage servicers quaking.

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  Monday, 11 Oct 2010 | 4:35 PM ET

The Hitler Bunker Parody Version of Foreclosure Gate

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You knew this had to come out.

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  Monday, 11 Oct 2010 | 3:28 PM ET

The Politics of Foreclosure

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On Friday afternoon, I wrote about how IRON, The Interstate Recognition of Notarizations Act, went from its beginnings as a dull bipartisan bill, which unanimously passed the House and Senate, to a political hot potato.

The Secretary of State for the state of Ohio, Jennifer Brunner, was an early critic of the bill. David Streitfeld and Gretchen Morgenson reported in the New York Times that Brunner "suggested in a telephone interview on Tuesday that a bill passed by Congress last week about notarizations could facilitate foreclosure fraud."

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