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  Monday, 14 Feb 2011 | 1:17 PM ET

Attention UBS Folks: Beware of Honda Civics

Posted By: Ash Bennington
2011 Honda Civic NVG
Source: Honda
2011 Honda Civic NVG

If you're looking to get a meeting with the president of a Swiss bank, 'gesturing' with a bat may not be the most effective way to achieve your goal.

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  Monday, 14 Feb 2011 | 12:52 PM ET

What It's Like to Meet With the King of All Hedge Funds

Posted By: John Carney
Stephen A. Cohen
Source: SAC Capital Partners
Stephen A. Cohen

James Altucher has written a heartbreaking tale of how he managed to score a meeting with hedge fund overlord Steve Cohen, parlay that into a potential business deal, then bungle the whole thing when he lost confidence in himself.

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  Monday, 14 Feb 2011 | 11:47 AM ET

Former IndyMac CEO's Lawyer Blasts SEC

Posted By: Ash Bennington

An attorney representing former IndyMac CEO Mike Perry fired back at the SEC, in the wake of the agency's fraud charges against their client on Friday .

Here are some highlights from Perry's attorney Jean Veta, a partner at Covington & Burling:

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  Monday, 14 Feb 2011 | 10:42 AM ET

How to Eliminate the Mortgage Interest Subsidy Without Raising Taxes

Posted By: John Carney
Mortgage application
Mortgage application

President Barack Obama unveiled his $3.73 trillion spending blueprint today. It promises $1.1 trillion in deficit savings over the next decade through spending cuts and tax hikes, including slashing the mortgage interest deduction for Americans already paying the top tax rates.

It’s good that Obama has put the mortgage interest deduction on the table. This is a huge housing subsidy that severely distorts the economy. But Obama doesn't go far enough. The mortgage interest deduction should be eliminated altogether.

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  Monday, 14 Feb 2011 | 8:48 AM ET

President Obama Proposes $1.1 Billion in Budget Cuts—and the Debate Begins

Posted By: Ash Bennington
  Monday, 14 Feb 2011 | 8:40 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

Happy V-Day boys \(and girls\). Let's get on with it so you can beg, bribe or keep hitting refresh on opentable.com if you didn't already snag a spot for tonight yet. As for me, gents, I'll be reading about the FTSE and catching up on The Post's "Client 9" love column tonight.

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  Monday, 14 Feb 2011 | 7:07 AM ET

Bess Levin Humiliates a Hedge Fund Executive

Posted By: John Carney

As a general rule, hedge funds hate publicity.

They do everything than can to kill stories being written about them—especially any story they think puts the fund in a negative light. Hedge fund executives have lied to me, sued me, threatened to have me fired, and one guy from an English hedge fund once told me that if I went with a story I was working on about his fund, he would buy the building I lived in and have me evicted.

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  Friday, 11 Feb 2011 | 8:14 PM ET

Surprise! Republicans Actually Like Obama's Frannie Plans

Posted By: Ash Bennington
  Friday, 11 Feb 2011 | 6:51 PM ET

SEC Charges Former IndyMac CEO and CFO With Securities Fraud

Posted By: Ash Bennington

The Securities and Exchange Commission filed securities fraud charges against three former IndyMac executives—including the former CEO and two former CFOs of the company.

The SEC complaint alleges that the former IndyMac executives made false and misleading claims in the company's 2007 annual report—as well as in offering materials for a $100 million stock offering.

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  Friday, 11 Feb 2011 | 5:00 PM ET

How to Catch A Train in Burma

Posted By: John Carney

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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