GO
Loading...

NetNet

More

  Thursday, 20 Jan 2011 | 2:14 PM ET

An 8th Grader Breaks Down High Frequency Trading, Explains Flash Crash

Posted By: Cadie Thompson

Finally, someone gives it to us straight. An explanation of what high frequency trading is and how it caused the Flash Crash.

»Read more
  Thursday, 20 Jan 2011 | 1:43 PM ET

If You Want to Be Boss Lady, Act Like a Woman, Think Like a Man

Posted By: Cadie Thompson
Ranald Mackechnie | The Image Bank | Getty Images

For all ladies trying to climb that corporate ladder, turns out if you wanna be at the top, it's better to act more docile than too aggressive, at least according to a new study .

» Read More
  Thursday, 20 Jan 2011 | 12:19 PM ET

Meet The Queen of the Banking Blob: Amy Friend

Posted By: John Carney
Amy S. Friend, Chief Counsel for the Senate Banking, Housing and Urban Affairs Committee
Source: occ.gov
Amy S. Friend, Chief Counsel for the Senate Banking, Housing and Urban Affairs Committee

Over at the Washington Examiner today, my brother Tim Carney reports that Amy Friend , the chief counsel of the Senate banking committee during the financial crisis and the creation of the Dodd-Frank financial reforms, is now a lobbyist for the financial sector.

» Read More
  Thursday, 20 Jan 2011 | 11:48 AM ET

How to Think About Goldman’s Financial Crisis Bonus

Posted By: John Carney

In the darkest days of the financial crisis, Goldman Sachs handed out billions of dollars of options and restricted stock to prized employees—most likely, senior partners at the firm.

Goldman disclosed the awards, which were made on December 17 of 2008, in January of the following year. Now the awards are receiving new attention, thanks to a report from Eric Dash and Susanne Craig, written on the back of research by Footnoted.com.

» Read More
  Thursday, 20 Jan 2011 | 11:11 AM ET

Goldman Sachs & Pop Psychology

Posted By: Ash Bennington
The Goldman Sachs booth on the floor of the New York Stock Exchange
Getty Images
The Goldman Sachs booth on the floor of the New York Stock Exchange

Goldman Sachsshould forget about the new age pop psychology and instead examine the basic structural elements of their business.

That's Jesse Eisinger basic thesis, posted at ProPublica Goldman's navel gazing notwithstanding, here's the core issue:

» Read More
  Thursday, 20 Jan 2011 | 10:09 AM ET

John Kline: Governors Tell Me Obamacare Will Crush Them

Posted By: Lori Ann LaRocco

As expected, House Republicans passed a bill to repeal President Obama’s health care plan by a vote of 245 to 189. Republicans say this vote was a mandate of the American voter.

The bill now goes to the Senate but Majority Leader Harry Reid (D-Nev.) has promised that any attempt to roll back the law would be blocked. The topic of health care is one that not only polarizes politics, but Americans as well.

I decided to speak with Representative John Kline, \(R-MN\) Chairman of the Education and the Workforce Committee. This committee shares jurisdiction over health care reform specifically the employer-sponsored health care plans that cover approximately 170 million Americans. Cost and uncertainty surrounding the bill dominated our conversation.

» Read More
  Thursday, 20 Jan 2011 | 9:38 AM ET

The Real Great Depression

Posted By: Nicole Lapin
Image Source | Getty Images

The inalienable right of the “pursuit of happiness” is becoming tougher for most Americans with each passing day. America is no longer the happy country it wants to be.

A Forbes poll has us barely making the top 10 percent when it comes to happiness, in spite of our still dominating prowess on other major indicators. Have we become an unhappy nation, contrary to the ideals we were founded upon? Perhaps. But, it's much more serious than that.

Going through one of the worst economic sagas in US history has thrown the country into two types of depressed states: a financial one and a psychological one.

» Read More
  Thursday, 20 Jan 2011 | 8:43 AM ET

Obama's Rating Rise

Posted By: Ash Bennington

Morgan Stanley Beats [CNBC] "Morgan Stanley posted a solid quarterly profit that beat analyst expectations both for revenue and bottom-line, sending shares higher in premarket trading. The Wall Street titan, which had been trampled during the financial crisis, bounced back with a profit of 41 cents a share, ahead of Wall Street expectations for 40 cents, according to Thomson Reuters. The profit was a 60 percent jump over the previous year"

Eisman May Leave FrontPoint [Wall Street Journal] On the flip side of the coin, here's a touch of gray for Morgan Stanley "High-profile hedge-fund manager Steve Eisman is considering leaving his investment firm, a move that would complicate efforts by its owner, Wall Street bank Morgan Stanley, to spin off the business. Mr. Eisman has talked recently with potential investors about managing money for them if he leaves the firm, FrontPoint Partners, according to people familiar with the matter. Since 2004, Mr. Eisman has overseen FrontPoint's wagers on financial-services companies, including a well-known bet against subprime mortgages that earned him and FrontPoint's clients huge profits in 2007. He manages about $1.3 billion at FrontPoint."

» Read More
  Thursday, 20 Jan 2011 | 8:39 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

Happy Friday Eve! I've been up way longer that you, so here's what you missed while you were sleeping and need to know to knock it outta the park today, slugger:

» Read More
  Wednesday, 19 Jan 2011 | 6:42 PM ET

Has Goldman Lost its Mojo?

Posted By: Ash Bennington

Hu Jintao Heads to the White House [Wall Street Journal] "President Barack Obama formally welcomed Chinese President Hu Jintao to the White House on Wednesday, with both leaders calling for a renewed effort of cooperation as they embarked on a summit that will help redefine the relationship between the world's longtime superpower and its rising Asian rival."

Today's Afternoon Headlines read like Marsha, Marsha, Marsha—Except It's Goldman, Goldman, Goldman. But hey: How often do you lose $5 Billion in 24 hours?

Felix Salmon Follows up on Goldman Pay [Felix Salmon] Felix Salmon follows up on a DealBook's analysis —which we included in our morning call.

» 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