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  Wednesday, 9 Feb 2011 | 12:18 PM ET

Richard Fisher to Ron Paul: Get Your Own House in Order First

Posted By: John Carney
Ron Paul
AP
Ron Paul

In the speech by Dallas Fed president Richard Fisher thatI discussed earlier today , Fisher delivered a stinging rebuke to Ron Paul almost calling the Congressman out by name.

Fisher's contention is that Fed critics are over-emphasizing the importance of monetary policy. His argument is addressed to those who think the Fed should be held accountable for the weakness of our so-called recovery and those who are worried that the Fed is debasing our currency.

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  Wednesday, 9 Feb 2011 | 11:48 AM ET

Duncan Neiderauer Is Kind of Cool, as It Turns Out

Posted By: Ash Bennington
Duncan Niederaurer
Getty Images
Duncan Niederaurer

Last night the American Ireland Fund hosted an event on the floor of the New York Stock Exchange.

Duncan Niederauer, the CEO of the NYSE, was the evening's host. Also, there was an open bar.

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  Wednesday, 9 Feb 2011 | 11:09 AM ET

Bernanke to Congress: We're Much Closer to Total Destruction Than You Think

Posted By: John Carney
Ben Bernanke
Getty Images
Ben Bernanke

Official Congressional budget estimates understate the peril of rising debt, Fed chair Ben Bernanke told the Budget Committee on Capitol Hill today.

Warning that our nation's fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don't confront them, they'll find themselves confronted by them.

From Bernanke's prepared remarks :

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  Wednesday, 9 Feb 2011 | 10:58 AM ET

The Fed's Richard Fisher and Affordable Family Formation

Posted By: John Carney
Richard W. Fisher, president of the Federal Bank of Dallas
Jean Ayissi | AFP | Getty Images
Richard W. Fisher, president of the Federal Bank of Dallas

Dallas Fed president Richard Fisher honored the 100th anniversary of Ronald Reagan's birth by recalling a good joke that Reagan used to tell :

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  Wednesday, 9 Feb 2011 | 10:16 AM ET

S&P: We Do Not Believe States Face a Muni Debt Crisis

Posted By: Lori Ann LaRocco

Muni-Madness is about to get under way on Capitol Hill. A series of hearings kicks off today with the Subcommittee on TARP and Financial Services' "State and Municipal Debt: The Coming Crisis?" In the background of these hearings is the question of whether Congress will step in in and bailout states who are often said to be teetering on the drink of default.

I spoke with Steve Murphy, Managing Director, State & Local Government Ratings at S&P, about the state of the states and their debt.

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  Wednesday, 9 Feb 2011 | 8:44 AM ET

Handicapping Muni Mayhem

Posted By: Ash Bennington

Handicapping muni mayhem. [WSJ]

AIG to take a big charge:Claims it will 'strengthen' loss reserves . [DealBook]

Home loan demand drops, as mortgage rates hit 10 month high. [CNBC]

President Obama plans to delay collection of funds from states which extended unemployment benefits. [NY Times]

Tell the truth, go to prison. [CNBC]

A Coke and a smile: Coca-Cola profits triple on one-time gain related to its acquisition of its North American bottling operation. [Bloomberg Businessweek]

"Egyptian protesters dismiss 'coup' threat" [FT]

Is inflation coming? [SeekingAlpha]

The life of an insider trader [NY Post]

»Read more
  Wednesday, 9 Feb 2011 | 7:29 AM ET

Financial Crisis Smackdown: Wallison vs Nocera, Round II

Posted By: John Carney
Glow Images | Getty Images

Back in December, New York Times business writer Joe Nocera took a shot at Peter Wallison , one of the Republican commissioners on the Financial Crisis Inquiry Commission, describing Wallison's take on the financial crisis as not, as they say, reality-based.

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  Tuesday, 8 Feb 2011 | 4:54 PM ET

Home Prices at Pre-Bubble Levels: Long Live The New Bubble

Posted By: Ash Bennington
  Tuesday, 8 Feb 2011 | 4:05 PM ET

Where Does Today's Insider Trading News Leave SAC Capital?

Posted By: Ash Bennington

After a fresh round of insider trading arrests and news conferences, hedge fund giant SAC Capital is once again in the spotlight.

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  Tuesday, 8 Feb 2011 | 3:16 PM ET

Seven Hedge Funds Unnamed in SEC Complaint

Posted By: Ash Bennington
Person standing behind the opaque glass of a door
Medioimages | Photodisc | Getty Images
Person standing behind the opaque glass of a door

Four additional people were criminally charged today in an ever widening case of insider trading.

An updated civil complaint released today by the SEC provides the best overview: "This case involves insider trading by ten individuals and one investment adviser entity, all of whom are consultants, employees, or clients of the so-called 'expert network' firm, Primary Global Research LLC [PGR]"

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  • 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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