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  Friday, 11 Feb 2011 | 12:53 PM ET

Field Marshal Tantawi Allegedly in Charge in Egypt—What's a Field Marshall?

Posted By: Ash Bennington
Egypt's Defence Minister Mohammed Hussein Tantawi
Khaled Desouki | AFP | Getty Images
Egypt's Defence Minister Mohammed Hussein Tantawi

After Hosni Mubarak's resignation, ZeroHedge is reporting that Field Marshal Mohamed Hussein Tantawi is in control of Egypt—though, possibly, on an interim basis.

Tantawi has been a commissioned officer in the Egyptian military since 1956, although he did not ascend to his current rank of Field Marshal until 1991.

What exactly is a field marshal?

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  Friday, 11 Feb 2011 | 12:38 PM ET

Muni Call Right, in That Meredith Whitney Kind of Way

Posted By: Jeff Cox
Meredith Whitney on Closing Bell
CNBC
Meredith Whitney on Closing Bell

When it comes to her call on municipal bonds, it seems that Meredith Whitney is likely to be right in that Meredith Whitney kind of way.

That’s to say that she’s correct figuratively but probably wrong literally.

Ever since the doom-saying banking analyst predicted a wave of defaults in municipal bonds she has been subject to severe backlash. Her critics have called her ill informed and a financial fish out of water, delving into an area in which she has no expertise nor serious data to back up her opinions.

» Read More
  Friday, 11 Feb 2011 | 12:08 PM ET

What's Sharm el-Sheikh—and Why is Mubarak Hiding Out There?

Posted By: Ash Bennington
Sharm el Sheikh, Egypt
Nicholas Pitt | Photodisc | Getty Images
Sharm el Sheikh, Egypt

Sharm el-Sheikh, the Egyptian city where Hosni Mubarak is holed up, is an interesting place for an autocrat to attempt to ride out a revolution.

Sharm—as the locals are known to charmingly call it—claims tourism for its major industry: It's basically an isolated resort town on the Red Sea coast.

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  Friday, 11 Feb 2011 | 11:27 AM ET

Kinder Morgan's Giant IPO

Posted By: John Carney
Kinder Morgan
Source: kne.com
Kinder Morgan

So much for the death of the IPO.

The 95.5 million shares of the pipeline company Kinder Morgan hit the streets at $30 this morning and immediately popped 6 percent.

» Read More
  Friday, 11 Feb 2011 | 11:06 AM ET

Budget or Bust: The GOP's Manifesto

Posted By: Lori Ann LaRocco

Next week will be budget or bust on Capitol Hill as the House Leadership gets ready to vote on budget cuts. Some within the GOP are saying the $43 million in proposed cuts proposed by Budget Committee Chairman Paul Ryan (R-WI) are not enough. On the other side of the aisle, they are saying the cuts go too far.

I decided to ask Tim Phillips, President and CEO of Americans for Prosperity, for his thoughts on the GOP game plan. You may have heard about AFP. President Obama called out Americans for Prosperity nearly a dozen times in his stump speeches last election year. AFP has quickly emerged as one of the most influential conservative groups in the country with more than 1.6 million activists in 31 chapters across 50 states.

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  Friday, 11 Feb 2011 | 10:20 AM ET

The Most Sordid Insider Trading Scandal Ever

Posted By: John Carney
handcuffs
AP
handcuffs

Sometimes it just feels like God is conspiring with nature to arrange the events of the world in such a way to make Bess Levin the perfect chronicler of our times.

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  Friday, 11 Feb 2011 | 9:31 AM ET

Citi & Morgan Stanley Closer to Collapse Than We Ever Knew

Posted By: Ash Bennington
Citigroup Building
Getty Images
Citigroup Building

In the depths of the financial crisis, Citigroupand Morgan Stanley were teetering on the precipice of total disaster, according to official documents. The new information, recently released by the Financial Crisis Inquiry Commission, paints a dark picture of both banks during the fall of 2008, as reported by Susanne Craig and Ben Protess in The New York Times DealBook.

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  Friday, 11 Feb 2011 | 8:48 AM ET

A Comparison of U.S. Treasury Debt to Other Triple-A Credits

Posted By: Ash Bennington
  Friday, 11 Feb 2011 | 7:13 AM ET

Financial Crisis Smackdown: Nocera vs. Wallison, Round 2

Posted By: John Carney
Glow Images | Getty Images

The battle between New York Times business writer Joe Nocera and Peter Wallison, one of the Republican commissioners on the Financial Crisis Inquiry Commission, rages on.

» Read More
  Thursday, 10 Feb 2011 | 4:45 PM ET

Mubarak To Egypt: Drop Dead

Posted By: Ash Bennington

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