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  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.

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  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.

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  Wednesday, 9 Mar 2011 | 10:09 AM ET

War Machine Watch: Delusions of No-Fly Zone Without Bombing

Posted By: John Carney
Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011
Mustafa Ozer | AFP | Getty Images
Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011

Advocates of creating a no-fly zone over Libya continue to push the line that it can be done antiseptically, almost peacefully.

Douglas Barrie, an aerospace analyst at the International Institute for Strategic Studies, denied Defense Secretary Robert Gates argument that the first step in creating a no-fly zone would be bombing Libya’s air defense installations.

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  Wednesday, 9 Mar 2011 | 8:58 AM ET

Bill Gates Is No Longer the Richest Man in the World

Posted By: Julia La Roche
  Wednesday, 9 Mar 2011 | 8:25 AM ET

Can Sallie Krawcheck Hold It Together Over at Bank of America?

Posted By: Ash Bennington
Sallie Krawcheck
cnbc.com
Sallie Krawcheck

Sallie Krawcheck, head of Bank of America's wealth management division, has a reputation on Wall Street for being smart, charming, and impeccably honest.

But her job—squaring the circle between Merrill Lynch's brokerage culture and BofA's banking culture—presents what business strategy types call a non-trivial challenge.

\('Non-trivial challenge' is management speak for a job in which you are at least as likely to fail as to succeed.\)

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  Tuesday, 8 Mar 2011 | 5:04 PM ET

Amid the Chaos Libya's Ben Bernanke Disappears!

Posted By: Ash Bennington
  Tuesday, 8 Mar 2011 | 4:15 PM ET

Kevin Book: Opening Strategic Oil Reserve Might Not Lower Gas Prices

Posted By: Lori Ann LaRocco

The tinderbox known as the Middle East has been the source of fuel for the price of crude. You can easily track the direct relationship between fear and the geopolitical events on its chart. Just when you think there is a pull back something ignites and the run up begins yet again.

With the roller coaster ride still going, I decided to catch back up with Kevin Book, Managing Director of Research at ClearView Energy Partners, on the current oil situation and what advice he is offering his clients.

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  Tuesday, 8 Mar 2011 | 3:47 PM ET

The Looming Disaster of a Libya War

Posted By: John Carney
A Libyan anti-government protester holds his old national flag in front of a wall covered with graffiti against Libyan leader Moamer Kadhafi in the eastern city of Tobruk.
- | AFP | Getty Images
A Libyan anti-government protester holds his old national flag in front of a wall covered with graffiti against Libyan leader Moamer Kadhafi in the eastern city of Tobruk.

Establishing a no-fly zone over Libya is likely to be far messier and less effective than advocates like Senators John McCain and John Kerry are forecasting.

Stratfor’s George Friedman has the best analysis so far of the perils of a “no-fly” policy. Let me run through his important points .

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  Tuesday, 8 Mar 2011 | 3:42 PM ET

Six Reasons Why Raj Rajaratnam Could Be Going Down

Posted By: Jeff Cox
Raj Rajaratnam
cnbc.com
Raj Rajaratnam

In Wall Street terms, the trial of Raj Rajaratnam is like Wyatt Earp and Doc Holliday against Johnny Ringo and the Clanton Gang, staging what could be the final showdown at the financial markets’ version of Tombstone.

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  Tuesday, 8 Mar 2011 | 3:04 PM ET

KKR Just Tapped This Goldman Prop Trading Superstar to Run Its Real Estate Business

Posted By: Katya Wachtel, Business Insider
Ralph Rosenberg
Source: Brown University
Ralph Rosenberg

Ralph Rosenberg, ex-Goldman Sachs and Eton Park partner has just been made the chief of global real-estate investing at KKR.

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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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