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  Tuesday, 22 Feb 2011 | 8:59 AM ET

Inside Erin Callan's Hamptons Hideaway

Posted By: John Carney
anthonymontella_home_500.jpg
Source: Anthony Montella

When news broke last week that the California Public Employees' Retirement System was suing former Lehman executives, we immediately started wondering what these folks are up to now.

Three Lehman executives were named in the suit: former CEO Dick Fuld and former CFOs Chris O'Meara and Erin Callan.

Our investigation into O'Meara and Fuld continues. But we do have some intelligence on Erin Callan.

We're told by a person familiar with the matter that Callan is still dating Queens firefighter Anthony Montella . They live together in a house in East Hampton , according to the person.

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  Tuesday, 22 Feb 2011 | 8:48 AM ET

It's Not a Bubble — It's a Chain Letter

Posted By: Julia La Roche
  Friday, 18 Feb 2011 | 4:31 PM ET

Flash Crash Panel Recommends Major Changes for US Markets

Posted By: Ash Bennington
  Friday, 18 Feb 2011 | 4:24 PM ET

Friday Video Refreshment: Baby Trashes A Bar

Posted By: John Carney
Enjoy. »Read more
  Friday, 18 Feb 2011 | 4:19 PM ET

From the Catwalk to Wall Street

Posted By: Stephanie Landsman
Models walk the runway for Betsey Johnson Fall 2010, February 14, Altman building, New York City.
Photo: Oliver Quillia for CNBC.com
Models walk the runway for Betsey Johnson Fall 2010, February 14, Altman building, New York City.

It may feel like spring in New York City—but fall is in the air. Models have been strutting their stuff for fashion week.

NetNet went fashion forward with The Style File Group Analyst & CNBC Contributor Hitha Prabhakar and CRT Capital Group Retail Analyst Leah Hartman to find out which retailers could profit from the fall trends.

Prabhakar was asked about what she saw on catwalk. Based on Prabhakar's observations, Hartman tells us which retailers will likely benefit—to help get your portfolio all dolled up.

» Read More
  Friday, 18 Feb 2011 | 3:30 PM ET

Stumpf's Office Calls Homeowner Who Foreclosed on Bank (Steak Knives Pending)

Posted By: Ash Bennington
A Wells Fargo bank branch in downtown San Francisco.
Paul Sakuma
A Wells Fargo bank branch in downtown San Francisco.

Wells Fargo is finally returning phone calls to the Philadelphia homeowner who began foreclosure proceeding against one of its branch offices—and the homeowner, Patrick Rodgers, feels very strongly that yesterday's article on NetNet precipitated their telephone call.

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  Friday, 18 Feb 2011 | 3:05 PM ET

Inflation Building, Fed Should Back Off: LaVorgna

Posted By: Jeff Cox
fed_seal_money_200.jpg

As government economists and Fed apologists continue to dismiss inflation pressures, the fear that easy money and commodity pressures are about to come home to roost is building.

While Michael Pento at Euro Pacific Capital and a handful of others have been pounding the table about inflation ever since the Federal Reserve began quantitative easing, the sentiment is beginning to spread.

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  Friday, 18 Feb 2011 | 1:43 PM ET

Contrarians in the Cold as Bulls Keep on Buying

Posted By: Jeff Cox
traders_computer_display_200.jpg
Jan Mammey | Stock4B | Getty Images

Contrarian investors are rapidly becoming the Maytag repairmen of the stock market.

Remember the old commercials? The sullen maintenance man, left standing alone in a desolate workroom, unable to do his job because none of the eminently efficient machines were breaking down?

Such is the position of the market contrarians.

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  Friday, 18 Feb 2011 | 1:05 PM ET

The Union Fight in Wisconsin Means Trouble for Munis

Posted By: John Carney
Protesters fill the courtyard and steps outside the State Capitol building on February 16, 2010 in Madison, Wisconsin. Protesters were demonstrating against Wisconsin Gov. Scott Walker's proposal to eliminate collective bargaining rights for many state workers.
Getty Images
Protesters fill the courtyard and steps outside the State Capitol building on February 16, 2010 in Madison, Wisconsin. Protesters were demonstrating against Wisconsin Gov. Scott Walker's proposal to eliminate collective bargaining rights for many state workers.

The mass protests from state workers in Wisconsin and the revolt by Democrats in the state Senate should set off alarm bells for investors in municipal bonds.

One of the strongest arguments against fears of a wave of muni bond defaults is that state governments will be able to reign in their need to accumulate debt before a crisis develops. That would require states to reign in spending—especially health care spending—and pension fund obligations.

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  Friday, 18 Feb 2011 | 12:21 PM ET

Jamie Dimon Wins Shareholder Beauty Pageant

Posted By: Ash Bennington
Jamie Dimon
Getty Images
Jamie Dimon

Jamie Dimon has just been voted the most eligible CEO on Wall Street by Investor Relations magazine.

\(Well, what actually happened is that Jamie Dimon ranked first, among Wall Street CEOs, in a survey of 800 equity analysts and portfolio managers in a US investor perception study, which "underpins the IR Magazine US Awards". But that's just too boring for me to write for a lede without wanting to hang myself.\)

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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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