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  Friday, 1 Apr 2011 | 9:22 AM ET

Fed Let Largest Banks Turn Junk into Cash During the Financial Crisis

Posted By: Julia La Roche
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Jobs report came in better than expected[CNBC.com via Reuters]

Fed let largest banks turn $118 billion in junk bonds into cash during financial crisis [Bloomberg]

"Nasdaq, ICE Make Hostile Play for NYSE Euronext" [NYTimes DealBook]

Shocker: Hedge fund managers make a lot of money! And "25 Hedge Managers Earn as Much as 441,400 Americans". [CNBC.com via NYTimes]

»Read more
  Friday, 1 Apr 2011 | 7:58 AM ET

Ted Kauffman on the Fiscal Fist Fight

Posted By: Lori Ann LaRocco
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The battle brewing within the Republican Party is being closely watched by the markets and the Democrats alike. The budget tug of war between the Tea Party and the GOP getting so heated that many of my DC sources and corporate officials are worried that Paul Ryan's 2012 budget may not be tough enough for the ultra-conservatives in the GOP caucus.

I decided to get the perspective of former Delaware Senator and Congressional Oversight Panel Chairman Ted Kaufman on this fiscal fight.

» Read More
  Friday, 1 Apr 2011 | 7:54 AM ET

Woman Complains That She Is Too Hot for Finance

Posted By: John Carney
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Jutta Klee | Getty Images

A London-based investment banker has written to Lucy Kellaway of the Financial Times with a rather unusual problem.

She says she is too good looking to work. Men drool over her, women distrust her, and no one takes her seriously.

» Read More
  Thursday, 31 Mar 2011 | 4:57 PM ET

What do the Bronx Zoo Cobra, Irish Banks and Goldman Sachs Have in Common?

Posted By: Ash Bennington
  Thursday, 31 Mar 2011 | 2:42 PM ET

Government Lost Out on Billions With Bailout

Posted By: Ash Bennington
US Capitol Building with cash
US Capitol Building with cash

The government has been touting the profitability of the bank bailout.

But those profits lag tens of billions of dollars behind what a private investor in the bailed out banks would have made.

» Read More
  Thursday, 31 Mar 2011 | 2:39 PM ET

JPMorgan Chase Set to Close Giant AT&T Loan Today

Posted By: Kayla Tausche
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Getty Images

Banks are yet shrugging off a fear of commitment.

Eleven banks with close relationships to JPMorgan of AT&T have snatched up pieces of the $20 billion loan to fund a $39 billion acquisition of T-Mobile.

» Read More
  Thursday, 31 Mar 2011 | 1:07 PM ET

Fed's Data Dump Leaves Investors in the Dark

Posted By: John Carney
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Getty Images

The Federal Reserve released an avalanche of files Thursday detailing—for the first time ever—its loans to banks under its emergency funding facility known as the “discount window.”

But investors and bank customers won’t find it very useful.

» Read More
  Thursday, 31 Mar 2011 | 9:36 AM ET

Opening the Discount Window

Posted By: John Carney
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Getty Images

The Federal Reserve Thursday will release documents revealing which banks came to its emergency lending window during financial crisis.

» Read More
  Thursday, 31 Mar 2011 | 9:08 AM ET

JPMorgan's Dimon: 'The Nail in Our Coffin for Big American Banks'

Posted By: Julia La Roche
  Wednesday, 30 Mar 2011 | 5:03 PM ET

When Krugman and Greenspan Fight, Everyone Wins

Posted By: John Carney

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.

 

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