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  Wednesday, 2 Feb 2011 | 11:57 AM ET

Who are the 'Egyptian Military'—And How Do They Resemble a Dysfunctional Bank?

Posted By: Ash Bennington
Marchers shake hands with Egyptian Army soldiers on tanks during a demonstration against President Hosni Mubarek in Tahrir Square January 29, 2010 in Cairo, Egypt. Egytian soldiers were for the most part interacting peacefully with the marchers in Tahrir Square during the afternoon hours.
Getty Images
Marchers shake hands with Egyptian Army soldiers on tanks during a demonstration against President Hosni Mubarek in Tahrir Square January 29, 2010 in Cairo, Egypt. Egytian soldiers were for the most part interacting peacefully with the marchers in Tahrir Square during the afternoon hours.

As the situation on the ground in Egypt continues to destabilize—with riots breaking out in Tahrir Square earlier this afternoon Cairo time—there is much discussion of the critical role the military will play in Egypt in the days and weeks to come. Among policy analysts who seem to agree on little else, there appears to be a consensus on this: The military will play a key role in determining the future of the Egyptian nation.

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  Wednesday, 2 Feb 2011 | 11:21 AM ET

Goldman Told Tech Guru Jim Clark That John Paulson Was A “Bit Player”

Posted By: John Carney
John Alfred Paulson, president of Paulson & Co., Inc, listens during the House Oversight and Government Reform Committee November 13, 2008 in Washington, DC.
Tim Sloan | AFP | Getty Images
John Alfred Paulson, president of Paulson & Co., Inc, listens during the House Oversight and Government Reform Committee November 13, 2008 in Washington, DC.

In August of 2006, Jim Clark—the founder of Netscape and Silicon Graphics—met with Paulson & Co founder John Paulson. Clark was impressed by Paulson’s plans to short the subprime mortgage market. But when he spoke with his advisors at Goldman, they talked him out of investing with Paulson, who they described as a bit player.

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  Wednesday, 2 Feb 2011 | 10:41 AM ET

Does Anyone Remember Egypt: The Prize?

Posted By: John Carney
Egyptian demonstrators demanding the ouster of President Hosni Mubarak, gather around the national television building guarded by members of the Presidential guard in Cairo on January 28, 2011.
Khaled Desouki | AFP | Getty Images
Egyptian demonstrators demanding the ouster of President Hosni Mubarak, gather around the national television building guarded by members of the Presidential guard in Cairo on January 28, 2011.

A little over nine years ago, one of the biggest stories in international affairs was Thomas E. Ricks’ page one story in the Washington Post about a briefing given to a Pentagon advisory group, that characterized the Saudi ruling family as enemies of the United States.

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  Wednesday, 2 Feb 2011 | 10:39 AM ET

Central Bankers Strike 'Devils Bargain'; US 'Heart Transplant': Gross

Posted By: Jeff Cox
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.

Central bankers compare unfavorably to the devil, America needs a heart transplant, and financial advisors “have failed miserably” at reaching their most important goal, Pimco’s Bill Gross says in his latest commentary.

The managing director of the world’s largest bond fund manager spares scorn for no one in an evaluation of what has happened because of overwhelming debts in global nations.

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  Wednesday, 2 Feb 2011 | 9:45 AM ET

Sen. Ron Johnson: I Stand With Obama Against Earmarks

Posted By: Lori Ann LaRocco

We're a little less than two weeks away until the White House releases its 2012 budget and both sides are getting ready to battle.

The Republicans continue to vow to drastically cut spending and the deficit. Senator Ron Johnson, the junior Senator from Wisconsin, but he is quickly becoming a big name among hill Republicans.

Delivering the GOP's national weekly radio address last weekend, Johnson said the root of all economic evil facing our nation is “big government" and uncontrolled spending. Sitting on the Budget and Appropriations Committees, the former accountant and manufacturer hopes his "real world" experience will help re-shape Congress' spending habits.

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  Wednesday, 2 Feb 2011 | 9:02 AM ET

'Clashes After Egypt's Army Calls for End to Protests'

Posted By: Ash Bennington
  Wednesday, 2 Feb 2011 | 7:59 AM ET

By the Numbers: How Inflation And Growth Destroyed The US Influence Over Egypt

Posted By: John Carney
A combo of pictures shows Egyptian demonstrators tearing a huge portrait of President Hosni Mubarak during a protest against his rule in the northern port city of Alexandria on January 27, 2011.
AFP | Getty Images
A combo of pictures shows Egyptian demonstrators tearing a huge portrait of President Hosni Mubarak during a protest against his rule in the northern port city of Alexandria on January 27, 2011.

Steve Sailer points out why our aid to Egypt doesn’t seem to buy us as much loyalty as it once might have.

The deal struck at Camp David in 1978 was, very roughly, that, in return for no more war, the U.S. would give Israel $3 billion per year and Egypt $2 billion per year \($1.3 billion of which went to strengthen the military\), or $50 per Egyptian per year. That wasn't bad money back then.

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  Wednesday, 2 Feb 2011 | 7:27 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

Seriously, if I got over the icy bridge at 2am- you can get a move on, too. Here's what you missed while icicles formed on your eyelids:

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  Tuesday, 1 Feb 2011 | 4:58 PM ET

Mubarak Will Not Run Again

Posted By: Ash Bennington
  Tuesday, 1 Feb 2011 | 4:57 PM ET

Is The Obama Administration Throwing Us Into a Constitutional Crisis Over Health Care?

Posted By: John Carney
President Barack Obama
Source: Pete Souza
President Barack Obama

Are we we experiencing a quiet constitutional crisis?

It’s well known that Judge Roger Vinson ruled yesterday that the individual mandate exceeded the powers of the federal government under the Commerce Clause. But he also ruled that because the law lacked a severability clause and the law’s proponents had argued that the individual mandate was a necessary part of the scheme, the entire law was invalid.

Wesley J. Smith explains the implications :

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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 CNBC's 5pm ET show "Fast Money."

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