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  Friday, 25 Mar 2011 | 3:46 PM ET

Was a Guy Arrested for Hiding Cameras Inside Deutsche Bank?

Posted By: John Carney
handcuffs
AP
handcuffs

A man was arrested for covertly installing cameras inside of Deutsche Bank, according to a report from DealBreaker .

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  Friday, 25 Mar 2011 | 3:37 PM ET

Look Out Below for GDP Projections

Posted By: Jeff Cox
businessman_falling_200.jpg
Alex Gumerov | Getty Images

If Friday’s 3.1 percent read on fourth-quarter GDP let you a little queasy, you may want to get the antacids ready for the year ahead.

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  Friday, 25 Mar 2011 | 1:18 PM ET

For Investors, Missing Rallies, Not Taking Losses, the Biggest Fear

Posted By: Jeff Cox
wallSt_trader4_032011_200.jpg
Getty Images

Consider the stock market to be a triple bacon cheeseburger with extra cheese, extra bacon and extra special sauce, complete with a super-sized order of fries on the side: A delicious meal, to be sure, but hell on the arteries and waistline.

Then consider investors to be the customers at our little fast-food bistro. They know coming here to eat could be extremely hazardous to their health, but they just can’t resist the lip-smacking gastronomic goodies being whipped up in the kitchen, which we’ll call the QE Cucina.

This is the market of guilty pleasures, where the only fear is that the lard, butter and deep fat fryers will be replaced someday with soybeans, broccoli and woks. As long as the goodies are being served up—in Wall Street’s case the liquidity provided from the Federal Reserve amid a backdrop of tepid improvement in some aspects of the economy—the lines at the restaurant will remain long and the food continue to be served.

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  Friday, 25 Mar 2011 | 12:33 PM ET

FRIDAY CONTEST: Why Does Wells Fargo Want My Cell Number?

Posted By: Ash Bennington
Wells Fargo
AP
Wells Fargo

Wells Fargo—easily the most secretive US bank—wants my cell phone number.

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  Friday, 25 Mar 2011 | 11:40 AM ET

Hedge Funds Crave Bonds That Almost Killed AIG

Posted By: John Carney
wallSt_trader1_032011_200.jpg
Getty Images

Top hedge fund managers are eager to bid on subprime-mortgage bonds that once threatened to wipe out AIG and are now held by the Federal Reserve.

“Champing at the bit,” is how one hedge fund trader who invests in distressed debt put it.

The Wall Street Journal reported Friday that the Fed had tapped asset management firm BlackRock to help sell off portions of the $30 billion Maiden Lane II portfolio, which is made up of bonds and derivatives acquired when the government bailed out American International Group.

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  Friday, 25 Mar 2011 | 9:46 AM ET

Barclays Is Under Investigation in The US And UK for Breaking Chinese Wall Rules

Posted By: Gregory White, Business Insider
Barclays
AP
Barclays

Barclays is being investigated by US and UK authorities over potential violations of Chinese wall rules, according to the Financial Times .

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  Friday, 25 Mar 2011 | 9:16 AM ET

S&P Warns About 'Excessive' Bank Dividends

Posted By: Julia La Roche
NN_morning_call_200.jpg

Unrest continues in Middle East and North Africa. NATO will be enforcing the no-fly zone and picking up responsibility. [WSJ]

Nuclear reactor core may have been breached [Bloomberg]

Irish banks might need another $39 billion [Bloomberg]

"S&P Warns About 'Excessive' Bank Dividends" [CNBC.com via New York Times]

Barclays is apparently being investigated in regulatory probe by UK and US [Reuters]

Economic data today includes GDP and consumer sentiment index [CNBC.com via Reuters]

»Read more
  Friday, 25 Mar 2011 | 7:35 AM ET

Hey Paul Ryan, I’ve Got Your GOP Budget Right Here!

Posted By: John Carney
Rep. Paul Ryan
Getty Images
Rep. Paul Ryan

The Concord Coalition is pointing out that Paul Ryan , the new chairman of the House Budget Committee, faces a daunting task. He wants to preserve his party’s prohibition against tax hikes—while also producing a budget that reduces the budget deficit more than the Obama administration's plan.

Liberals, of course, don’t think it’s possible to be a hawk on tax cuts and a hawk on budget deficits. Ezra Klein is already forecasting that Ryan will have to either use wishful thinking or vagueness to escape the dilemma.

Fortunately for Ryan, he doesn’t need either. He just needs to look at the NetNet version of the federal budget.

Back in November, we figured out how to reduce the budget deficit all the way to zero —without raising taxes or touching Social Security. In fact, we over-achieved, resulting in a slight surplus. You can check out exactly how we did it by clicking through to the New York Times interactive feature we used as our baseline.

In many ways, this could be a huge political winner for the Republicans. Obama has shown his willingness to spend money to take sides in the Libyan civil war—something Republicans could easily run against. Our budget took an axe to military spending and space research to achieve a savings of $349 billion.

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  Thursday, 24 Mar 2011 | 5:16 PM ET

Raising the Blade, Lathering the Face

Posted By: John Carney
left/CNBC/Sections/News_And_Analysis/_Blogs/NetNet/__COVER/_IMAGES/NN_done_for_day_200.jpg120015000lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalsefalsefalse Deal specific bonuses for mortgage brokers, which encouraged loan officers to ramp up loan volumes, are set to die on April 1.

(Housing Wire)

Blackrock orders its people to clean up their messy desks the night before a live television hit. (DealBreaker)

Remember when this whole Libya thing was going to be a "no fly zone?" Yep. We were lied into war. Again. (Washington Examiner)

Insert pun here: SEC Names Anne K. Small as Deputy General Counsel (SEC.gov)

Are you someone who really wants to hear more from The Bernank?

Good news. He's now going to hold a quarterly press conference. (FederalReserve.gov)

Reading Victor: "One raises the razor blade and puts some lather on the face and checks the prices at 7am and notes many markets near local extremes including stocks, fixed income, oil and the beard is still there, as well as the shaving cream." Your guess is as good as mine. (Daily Speculations)

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  Thursday, 24 Mar 2011 | 5:01 PM ET

Record High Silver: Where Do We Go From Here?

Posted By: Lori Spechler
Silver bar and coins
Thomas Northcut | Photodisc | Getty Images
Silver bar and coins

Silver soaring to another multi-decade high, where do we go from here? Nobody really knows but what I do know… is that it won't stay here. Why?

Because there is just no financial basis for the price of silver to be at $38 an ounce and there is no real trading history on which to gauge strength and resistance.

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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.

 

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.