Friday, 7 Jan 2011 | 4:29 PM ET

Narcissists Rejoice: Self-Centeredness Is an Asset

Posted By: Ash Bennington
Andreas Pollok | Getty Images

Self-absorbed behavior may be good for your career on Wall Street.

A study jointly performed by professors from the London Business School and Harvard Business School purports to show that 'Luxury' makes people behave in more self-centered ways.

Apparently, our great institutions of higher learning have just caught on: Spoiled people sometimes behave badly.

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  Friday, 7 Jan 2011 | 4:09 PM ET

Massachusetts High Court Slams Banks on Mortgage Foreclosures

Posted By: John Carney
Foreclosure Sign
Foreclosure Sign

There's no way to overstate the importance of today's decision by the Supreme Judicial Court of Massachusetts to void the seizure of two homes by Wells Fargo and US Bancorp.

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  Friday, 7 Jan 2011 | 1:31 PM ET

Kevin Brady: IRS Should Push Back April 15th Deadline

Posted By: Lori Ann LaRocco

The late decision by Congress to extend the Bush tax cuts is creating some unexpected complications.

Since Congress didn't pass the extension until December 17th, the IRS has not had enough time get the necessary systems ready. That means that if you one of the 50 million taxpayers who itemize, you can't file until mid-to-late-February because that's how long it will take Uncle Sam to reprogram its processing systems.

If any good comes of this latest fiasco, it might be a renewed push for tax reform. I decided to speak with Deputy Whip Kevin Brady \(R-TX\), the new Vice Chairman of the Joint Economic Committee and Chairman of the Ways and Means Subcommittee on Trade on the realities of tax reform.

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  Friday, 7 Jan 2011 | 1:13 PM ET

Spoof Bank Letter Goes Viral for Its 12 Birthday

Posted By: John Carney
Hans Neleman | Stone | Getty Images

Have you seen the sarcastic letter supposedly written by a 98-year-old woman in the UK to her bank?

According to many of the versions circulating today it was “recently published in the Times.” It’s very funny, and I’m reprinting it in full below.

But beware: it’s a spoof.

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  Friday, 7 Jan 2011 | 1:11 PM ET

Paper Chase: QE2 Is Great Business for This Guy

Posted By: Nicole Lapin
Chad Wasilenkoff, CEO of Fortress Paper
Chad Wasilenkoff, CEO of Fortress Paper

It’s the paper chase, baby. And Fortress Paper CEO Chad Wasilenkoff is making bank.

“With the quantitative easing that’s going on right now, it’s very very busy these days,” he told me on CNBC’s “Worldwide Exchange.”

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  Friday, 7 Jan 2011 | 12:28 PM ET

Is Wikileaks About to Release Its Bank Cache?

Posted By: John Carney
Julian Assange
Getty Images
Julian Assange

Something curious is going on at WikiLeaks.

Or, rather, something is not going on. And that's curious.

The last release of diplomatic cables from WikiLeaks came out on January 4th. This three day gap between Wikileaks releases is the longest ever to occur since Wikileaks began releasing the diplomatic cables.

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  Friday, 7 Jan 2011 | 12:24 PM ET

Wow! Accused Insider-Trading Lady Calls Blogger to Ask for Help Finding a Lawyer

Posted By: John Carney
Frances Twitty | Getty Images

A former technology consultant jailed in the federal crackdown on insider trading at hedge funds called Business Insider early this morning to ask for help finding a lawyer.

"Perhaps I can eventually talk to you more," Winifred Jiau told Business Insider reporter Katya Wachtel during a phone call from jail, shortly after midnight on Friday. "But I need a lawyer in New York who can help me make bail. I really need a councilor."

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  Friday, 7 Jan 2011 | 12:18 PM ET

Happy Friday: Hula Hoop Edition

Posted By: John Carney

Every Friday we try to ease you into the weekend with a bit of video candy. Today's edition has a very talented hula hooping girl, a windmill, open fields and a wonderfully catchy Fatboy Slim song.

»Read more
  Friday, 7 Jan 2011 | 10:56 AM ET

Nicole Lapin's Short & Long List

Posted By: Nicole Lapin

Nicole Lapin, of CNBC's Worldwide Exchange, explains what she's long and what she's short this week.

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  Friday, 7 Jan 2011 | 10:34 AM ET

The Worst Person in The World: Broker Who Defrauded Nuns

Posted By: John Carney
Ulli Seer | LOOK-foto | Getty Images

Sometimes its good to remember that there are real villains in the world. On Thursday, the SEC fined one villain named Paul George Chironis and barred him from acting a stockbroker for life.

His alleged wrongdoing? Cheating nuns.

Here's how the SEC describes his misdeeds .

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