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  Wednesday, 23 Feb 2011 | 4:48 PM ET

Stagflation!

Posted By: Ash Bennington
  Wednesday, 23 Feb 2011 | 4:09 PM ET

Dick Armey: Collective Bargaining for Public Employee Unions Has Been Abused Severely

Posted By: Lori Ann LaRocco

From prank phone calls to protests, the state budget battles are getting uglier every minute. And this is just on the state level—what's going to happen on the national stage? I caught up with former House Majority Leader and Tea Party Leader Dick Armey on all the political jabs.

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  Wednesday, 23 Feb 2011 | 3:24 PM ET

The Biggest Risk for Muni Bonds: Contagion

Posted By: John Carney

While muni bond optimists come in a variety of flavors, they all miss one important factor: the risk of municipal debt contagion.

Reading through the various publications put out by banks and bond fund managers, you frequently come across two strategies.

Wells Fargo, for example, advises clients to have a diversified portfolio so that isolated defaults won’t have a large impact on the overall returns.

Pimco, on the other hand, tells clients that the key to success in muni investing is picking the highest quality muni credits.

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  Wednesday, 23 Feb 2011 | 2:33 PM ET

Stagflation Still Regarded as Economy's Dirty Little Secret

Posted By: Jeff Cox

Despite rising commodity prices and a bleak employment picture, “stagflation” remains a word not uttered in the polite company of the financial world.

But there remain only a few more tumblers to fall into place for a return to that awful word that conjures up images of the “malaise days” of the late 1970's and early ‘80s, where rising inflation and slumping employment tamped down economic growth.

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  Wednesday, 23 Feb 2011 | 1:32 PM ET

Madoff Lawsuit's Perverse Incentives & Implications

Posted By: Ash Bennington
Gavel
Getty Images
Gavel

A suit filed against Citigroup by the trustee representing Bernie Madoff's victims would seem to put banks in an impossible position.

According to a report in the Wall Street Journal, here are the generally agreed upon facts.

Sometime prior to November 2006, Citigroup lent $300 million to a Madoff feeder fund called Tremont Partners.

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  Wednesday, 23 Feb 2011 | 12:40 PM ET

Citi in the Hot Seat Over Madoff Loans

Posted By: Ash Bennington
Bernie Madoff mugshot
US Department of Justice
Bernie Madoff mugshot

A lawsuit seeking to recover money for Madoff victims seems to raise questions about what Citigroup knew about Madoff's illegal activities—and about their potential liabilities.

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  Wednesday, 23 Feb 2011 | 11:42 AM ET

The Myth of Markets Shunning Muni Defaulters

Posted By: John Carney

Perhaps the most persistent refrain from the muni optimists is that governments won’t default because they cannot afford to have the credit market closed to them.

Here’s how Wells Fargo puts it:

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  Wednesday, 23 Feb 2011 | 10:53 AM ET

Italy's Libya problem

Posted By: Ash Bennington
Protests in Libya
Youtube
Protests in Libya

Italy—and the Italian Prime Minister Silvio Berlusconi—have more exposure to the crisis in Libya than most.

Begin with this fact: Italy imports almost one quarter of its oil from Libya.

According to statistics from the International Energy Agency, Italy imports 376,000 barrels of oil per day from Libya —which is equal to 22 percent of its total oil imports.

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  Wednesday, 23 Feb 2011 | 9:49 AM ET

Dodd-Frank Impact on CEO Pay

Posted By: Lori Ann LaRocco

While Congress battles over the implementation of the Dodd-Frank Bill, there are some policies that are being implemented that not will only give more transparency to CEO pay, but it will actually tie pay to performance.

I asked Robin Ferracone, Executive Chair, of the independent executive compensation consulting firm Farient Advisors on what these changes might mean for the upcoming proxy season and will investors finally be satisfied.

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  Wednesday, 23 Feb 2011 | 8:59 AM ET

Banks Like Rich People

Posted By: Julia La Roche

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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