GO
Loading...

NetNet

More

  Friday, 28 Jan 2011 | 12:03 PM ET

Nicole Lapin's Short & Long List

Posted By: Nicole Lapin
CNBC

Nicole Lapin, of CNBC's Worldwide Exchange, explains what she's long and what she's short this week.

» Read More
  Friday, 28 Jan 2011 | 11:18 AM ET

Bernanke's Mystery: 12 Out of 13 Major Firms at Risk in 2008

Posted By: John Carney
Getty Images

The Financial Crisis Inquiry Commission produced a bit of a mystery with its report yesterday.

» Read More
  Friday, 28 Jan 2011 | 10:51 AM ET

Investing in The Defense Sector of Tomorrow 

Posted By: Lori Ann LaRocco

Cut backs in defense spending have been hanging over the sector for about year and now. Wall Street waits to see when the axe will fall. But that doesn't mean that investors should be sitting on their laurels waiting for it to happen.

There is always opportunity hidden in times of uncertainty. You just need to know where to look. Secure Strategy Group co-founder and former DHS Assistant Secretary Robert Liscouski and Secure Strategy Group co-founder Scott Greiper both took the time to answer my questions on where the smart money is going in the defense sector.

Secure Strategy Group is a strategic advisory firm which invests in the security and defense sector.

» Read More
  Friday, 28 Jan 2011 | 10:08 AM ET

Confessions of a (Female) Cigar Smoker

Posted By: Nicole Lapin
Nicole Lapin in
Source: Cigar Aficionado
Nicole Lapin in

I don’t have a whole lot in common with Fidel Castro.

Not a ton with Winston Churchill, Rush Limbaugh, Milton Berle, Mark Twain and Bill Cosby, either. Save, of course, a penchant for cigar smoke.

In my case, it’s recreational, nowhere near the occupational predilection of history’s most recognizable cigar-wielding rebels and icons.

“A woman is only a woman, but a good cigar is a smoke,” one of my favorite poets, Rudyard Kipling, penned in his short story “The Betrothed.”

Close, Mr. Kipling, but no cigar. Cigars, for better or worse, link us all, this woman included.

Certainly, I am not the only one. Cigar Aficionado Magazine featured me this month, as one of a long list of women who have gender-bent the pages before: Madonna, Sharon Stone, Demi Moore, Veronica Webb.

» Read More
  Friday, 28 Jan 2011 | 8:56 AM ET

John Paulson Banks $5 Billion in Profits

Posted By: Ash Bennington

Lower profits at Ford: Shares drop 7 percent in premarket trading. [Reuters CNBC]

Protests in Egypt continue. [WSJ]

John Paulson banks $5 billion in profits —which may be the best single year gain in investing history. [WSJ]

Geithner says global inflation is still “not high on the list of concerns,” for the world's economy. [WSJ]

Sarah Lee is splitting in two. [Financial Times]

The Illinois Supreme Court has rules that Rahm Emanuel can stay in the Chicago mayoral race . [New York Times]

Hedge funds beat up on Goldman Sachs president over calls for tougher regulation in Davos. [CNBC via FT]

Welcome to weather hell: NYC is the new Buffalo. [New York Times]

»Read more
  Thursday, 27 Jan 2011 | 5:22 PM ET

Global Unrest Slams Markets

Posted By: Ash Bennington
  Thursday, 27 Jan 2011 | 5:08 PM ET

GSEs, Citigroup, Lehman, AIG, Goldman Sachs And Jamie Dimon at Top of Financial Crisis League Table

Posted By: John Carney

This probably is not the sort of league table anyone hoped to top.

The FCIC today released its official report on the financial crisis, along with two dissenting reports. Together they run 633 pages, including the footnotes but not including the index.

» Read More
  Thursday, 27 Jan 2011 | 4:56 PM ET

Rachel Sterne Takes New York

Posted By: Lori Spechler
Rachel Sterne
Source:Asterixie
Rachel Sterne

Did NYC just buy an $115,000 marketing campaign?

If you follow the blogosphere, you’ve probably already heard some of the buzz about Rachel Sterne, the newly minted Chief Digital Officer (CDO) for the City of New York.

From the straight ahead article on WNYC.org “The Woman Upgrading Bloomberg’s Government: Rachel Sterne ” to the slightly more spicy article on The Observer, “Everybody Calm Down About Rachel Sterne, For Chrissakes ” \), people—or at least the press--seem duly interested in the first paid CDO for a major city.

» Read More
  Thursday, 27 Jan 2011 | 4:32 PM ET

What Do You Have To Do To Get Fired By The FBI Anyway?

Posted By: Ash Bennington
Digital Vision | Photodisc | Getty Images

Apparently, it takes a lot to get fired by the FBI.

Here is a list of a few things that will not, according to a CNN report , get you fired—if you work for The Federal Bureau of Investigations:

» Read More
  Thursday, 27 Jan 2011 | 3:14 PM ET

FCIC Dissent Shows Why The Market Underpriced Mortgage Risk

Posted By: John Carney
Martin Poole | Stockbyte | Getty Images

Another important insight from Peter Wallison’s must-read dissent from the FCIC report released today is that government policies created an artificial demand for risky mortgages—leading to a severe underpricing of risk.

Here’s how it worked. Beginning in the early 1990s, government regulations made FHA, Fannie and Freddie, mortgage banks and commercial banks of all kinds into highly motivated buyers of risky mortgages. What happened next was disaster.

Here’s an excerpt from the report :

» Read More

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."

NetNet TV

Wall Street