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  Thursday, 13 Jan 2011 | 10:48 AM ET

Hedge Funds: The Next Too Big To Fail Monsters?

Posted By: John Carney
Government Regulation
CNBC.com
Government Regulation

Hedge fund regulation is having a seriously perverse—if entirely predictable—effect. Large hedge funds are growing larger, well-known star managers are accumulating more assets under management, and competition from start-ups is becoming scarcer.

Barrier to entry and costs of regulatory compliance have risen dramatically. A new fund must start its life with at least $100 million of assets under management to be commercially viable, according to Hester Plumridge of Heard On The Street . A few years ago, the price of entry was just $50 million.

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  Thursday, 13 Jan 2011 | 8:50 AM ET

Two Major Credit Agencies Warn on U.S. Debt Rating

Posted By: Ash Bennington
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US Foreclosures above 1 Million Mark for the First Time since 2010 [CNBC via Reuters] "Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, a leading firm said Thursday. Banks foreclosed on 69,847 properties in December, bringing the year's total to 1.05 million, topping the prior record of 918,000 homes seized in 2009, real estate data firm RealtyTrac said."

Eurozone Interest Rates Remain at 1 Percent, Questions Remain [CNBC via Reuters] "The European Central Bank will face a grilling on its assessment of the euro zone debt crisis and firming price pressures in the bloc after it left interest rates on hold at 1 percent on Thursday. The decision was correctly forecast by all economists polled by Reuters and keeps rates at the record low they have been at since May 2009."

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  Thursday, 13 Jan 2011 | 7:26 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin
lapin_waking_up_200.jpg

Happy 3-day weekend Friday eve \(just sounds better\). Before you slosh through snowy slush, here's what missed and need to know to power through the day:

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  Wednesday, 12 Jan 2011 | 5:19 PM ET

Muni Bond Smackdown! Bill Gross versus Meredith Whitney

Posted By: Ash Bennington

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Muni Bond Smackdown! Bill Gross versus Meredith Whitney [Bloomberg] "Bill Gross, who manages the world's biggest bond fund at Pacific Investment Management Co., clashed with Meredith Whitney, the banking analyst, when he said he doubted there would be many local-government bankruptcies."

Bumping our Heads on the Debt Ceiling: And the Folks Don't Like it One Bit [CNBC] "The U.S. public overwhelmingly opposes raising the country's debt limit even though failure to do so could hurt America's international standing and push up borrowing costs, according to a Reuters/Ipsos poll released Wednesday. Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase."

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  Wednesday, 12 Jan 2011 | 5:02 PM ET

In Defense of the Debt Ceiling

Posted By: John Carney
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Felix Salmon calls the debt ceiling “built-in systemic stupidity” and asks why we have it at all .

I’m happy to provide the answer.

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  Wednesday, 12 Jan 2011 | 4:52 PM ET

Blood Libel & The Chatter Class

Posted By: Ash Bennington

All things Sarah Palin evoke a passionate response: Her 'Blood Libel' comment is no exception. (Wait: Did Palin really say 'pundent'?)

»Read more
  Wednesday, 12 Jan 2011 | 2:47 PM ET

Beige Book Highlights

Posted By: Ash Bennington
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Gregor Schuster | Photographer's Choice | Getty Images

Data from today's Beige Book suggests that "economic activity continued to expand moderately from November through December."

Here are the highlights:

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  Wednesday, 12 Jan 2011 | 12:53 PM ET

Whitney: Forget Dividends, Do Acquisitions. But Will Banks Listen?

Posted By: Jeff Cox
Meredith Whitney
cnbc.com
Meredith Whitney

, analyst Meredith Whitney thinks it should cool down.

Implementing dividend hikes now is short-sighted, said Whitney, who spoke in an interview earlier with CNBC .

While banks have done a good job raising cash, they’d be better off putting it to work on overseas acquisitions that would pay off over the long term rather than stuffing it back into investors’ pockets in the short term, she said.

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  Wednesday, 12 Jan 2011 | 12:41 PM ET

Layoffs Hit Barclays

Posted By: John Carney
Out of Work
Out of Work

The long awaited layoffs at Barcays Capital are underway.

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  Wednesday, 12 Jan 2011 | 12:36 PM ET

Dark Pools & Lit Pools: A Financial Morality Tale?

Posted By: Ash Bennington
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AP

Welcome to the light.

Credit Suisse has launched a new "lit pool"—in contrast with the "dark pools"—which are periodically vilified for their absence of transparency.

Here's the thumbnail summary.

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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.

 

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.