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  Tuesday, 8 Mar 2011 | 4:15 PM ET

Kevin Book: Opening Strategic Oil Reserve Might Not Lower Gas Prices

Posted By: Lori Ann LaRocco
NN_c_suite_200.jpg

The tinderbox known as the Middle East has been the source of fuel for the price of crude. You can easily track the direct relationship between fear and the geopolitical events on its chart. Just when you think there is a pull back something ignites and the run up begins yet again.

With the roller coaster ride still going, I decided to catch back up with Kevin Book, Managing Director of Research at ClearView Energy Partners, on the current oil situation and what advice he is offering his clients.

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  Tuesday, 8 Mar 2011 | 3:47 PM ET

The Looming Disaster of a Libya War

Posted By: John Carney
A Libyan anti-government protester holds his old national flag in front of a wall covered with graffiti against Libyan leader Moamer Kadhafi in the eastern city of Tobruk.
- | AFP | Getty Images
A Libyan anti-government protester holds his old national flag in front of a wall covered with graffiti against Libyan leader Moamer Kadhafi in the eastern city of Tobruk.

Establishing a no-fly zone over Libya is likely to be far messier and less effective than advocates like Senators John McCain and John Kerry are forecasting.

Stratfor’s George Friedman has the best analysis so far of the perils of a “no-fly” policy. Let me run through his important points .

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  Tuesday, 8 Mar 2011 | 3:42 PM ET

Six Reasons Why Raj Rajaratnam Could Be Going Down

Posted By: Jeff Cox
Raj Rajaratnam
cnbc.com
Raj Rajaratnam

In Wall Street terms, the trial of Raj Rajaratnam is like Wyatt Earp and Doc Holliday against Johnny Ringo and the Clanton Gang, staging what could be the final showdown at the financial markets’ version of Tombstone.

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  Tuesday, 8 Mar 2011 | 3:04 PM ET

KKR Just Tapped This Goldman Prop Trading Superstar to Run Its Real Estate Business

Posted By: Katya Wachtel, Business Insider
Ralph Rosenberg
Source: Brown University
Ralph Rosenberg

Ralph Rosenberg, ex-Goldman Sachs and Eton Park partner has just been made the chief of global real-estate investing at KKR.

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  Tuesday, 8 Mar 2011 | 2:26 PM ET

Rajat Gupta: Caught on Tape

Posted By: John Carney
Rajat Gupta
Umesh Goswami | The India Today Group | Getty Images
Rajat Gupta

It’s almost certain that the government recorded conversations between Rajat Gupta and Raj Rajaratnam.

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  Tuesday, 8 Mar 2011 | 1:48 PM ET

Thank God Airlines Are Getting Rid of Free Pretzels

Posted By: Ash Bennington
pretzels_200.jpg
Fuse | Getty Images

Pretzels are the latest symbol of failure for the airline industry.

Continental Airlines has eliminated its distribution of free pretzels to coach class customers during domestic flights. When an airline stops giving away salty snacks some see harbingers of doom. For example, the New York Times writes :

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  Tuesday, 8 Mar 2011 | 1:06 PM ET

Why the SEC Is Bringing an Administrative Action Against Rajat Gupta

Posted By: John Carney
Rajat Gupta
Umesh Goswami | The India Today Group | Getty Images
Rajat Gupta

Apparently, there’s a lot of confusion about why the SEC chose to bring the action against alleged insider trader Rajat Gupta as an administrative procedure rather than a civil or criminal trial in federal court.

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  Tuesday, 8 Mar 2011 | 11:38 AM ET

War Machine Watch: John Kerry Pushes Obama to Bomb Libya

Posted By: John Carney
President Barack Obama
Photo by: Pete Souza
President Barack Obama

War fever is growing ever hotter with each passing day.

Criticism of president Obama's resistance to committing the United States to a war to erect a No Fly Zone over Libya is heard from both sides of the aisle.

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  Tuesday, 8 Mar 2011 | 10:38 AM ET

Goldman Sachs' Victory Lap

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

Prepare for a victory lap at 200 West Street: Goldman Sachs has rejoined the ranks of respectability.

Bloomberg reports : "The Bank of England’s appointment of Goldman Sachs Group Inc. Senior European Economist Ben Broadbent to its Monetary Policy Committee shows governments are again looking to the firm for top decision makers, less than a year after it settled U.S. fraud claims."

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  Tuesday, 8 Mar 2011 | 10:02 AM ET

What the Tapes Mean for the Insider Trading Case Against Rajat Gupta

Posted By: John Carney
Rajat Gupta
Eric Piermont | AFP | Getty Images
Rajat Gupta

Accused insider trader Rajat Gupta resigned yesterday from the boards of directors of AMR Corporation and its subsidiary, American Airlines , Inc.

But the loss of yet another board seat—Rajat was also on the boards of Goldman Sachs and Procter & Gamble before the SEC began investigating his connections to Galleon hedge fund founder Raj Rajaratnam’s alleged insider trading—is hardly the worst of Gupta’s worries.

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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.

 

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