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  Thursday, 10 Mar 2011 | 9:00 AM ET

Wisconsin Strips Unions' Rights

Posted By: Julia La Roche

"Hoard of Cash Lets Qaddafi Extend Fight Against Rebels" [NYTimes]

Moody's downgrades Spain [CNBC.com via Reuters]

Wisconsin strips unions' rights [WSJ]

U.S. gas prices are a joke compared to Norway [CNN Money]

"Aspiring Hedge Fund Manager Chraged With Changing High Schoool Kids' Grades for Cash" [Dealbreaker]

Batch of economic data today includes trade deficit and jobless claims [CNBC.com via AP]

»Read more
  Thursday, 10 Mar 2011 | 8:39 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

Happy Friday eve! \(C'mon, let Miss Morning Sunshine rub off on you...don't fight it.\) Here's what you need to know to start powering through the day:

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  Thursday, 10 Mar 2011 | 7:11 AM ET

Investors and Protestors May Be Getting Foreclosure Settlement Wrong

Posted By: John Carney
The National People's Action Group calls for prosecuting the "corporate criminals" they say are responsible for the financial crisis, at the Conference of Attorney's General in Washington, D.C.
CNBC
The National People's Action Group calls for prosecuting the "corporate criminals" they say are responsible for the financial crisis, at the Conference of Attorney's General in Washington, D.C.

Investors bidding up bank stocks and protestors reaming state attorneys general over a proposed foreclosure settlement seem to agree on one thing: this would be a big win for banks.

» Read More
  Wednesday, 9 Mar 2011 | 4:55 PM ET

Economic Recovery: False Green?

Posted By: Ash Bennington
  Wednesday, 9 Mar 2011 | 4:29 PM ET

Jeffrey Gundlach: Munis Are The New Subprime

Posted By: John Carney
Jeffrey Gundlach
CNBC
Jeffrey Gundlach

Bond king Jeff Gundlach likened municipal bonds to subprime mortgage bonds on CNBC’s Strategy Session on Wednesday.

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  Wednesday, 9 Mar 2011 | 3:48 PM ET

What the States Can Learn From the Island of Enchantment 

Posted By: Lori Ann LaRocco

Day after day, we continue to read stories on the budget battles and heated union protests in some states around the country. I don't know about you, but I'm getting tired of all this negativity.

I decided to seek out a local government who is doing it right for a change and my pursuit sent me to the sunny, sandy shores of the U.S. unicorporated territory of Puerto Rico.

» Read More
  Wednesday, 9 Mar 2011 | 3:10 PM ET

Junk Binge Resumes!

Posted By: Ash Bennington
AP

The junk bond derivative party is kicking back into high gear.

A report in today's Financial Times notes the uptick, and points out:

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  Wednesday, 9 Mar 2011 | 2:50 PM ET

Muni Market Freeze Screams Danger Ahead

Posted By: John Carney
Simon Willms | Stone | Getty Images

Investors in municipal-bonds should be very worried when the Wall Street Journal is running the headline “A Deep Freeze Hits The Muni Market.”

The facts are grim. Muni-bond issuance is on pace for its lowest quarter in at least 11 years.

» Read More
  Wednesday, 9 Mar 2011 | 1:01 PM ET

Pimco Goes to Cash, Exits Treasurys

Posted By: Ash Bennington
Bill Gross of PIMCO participates in a conference on the future of housing finance at the Treasury Department in Washington, DC.
Getty Images
Bill Gross of PIMCO participates in a conference on the future of housing finance at the Treasury Department in Washington, DC.

Pimco has dumped all of its US Treasury bond exposure in its flagship Total Return Fund.

» Read More
  Wednesday, 9 Mar 2011 | 11:53 AM ET

Foreclosure Settlement Is a Sneaky Bank Tax

Posted By: John Carney
Deborah Harrison | Getty Images

The Obama Administration’s $20 billion proposal to try to force banks to modify mortgages looks an awful lot like an attempt to revive the $20 billion bank tax that was rejected during the negotiations over Dodd-Frank.

» Read More

About NetNet

  • NetNet is where you'll find the low-down and the high jinks of Wall Street. It's the place for insider stories, trader gossip, and tales of the foibles of the moneyed crowd and the culture of finance.Wall Street news and commentary served fresh all day long.

 

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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