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  Monday, 25 Oct 2010 | 4:07 PM ET

How the Treasury Department Cooks the Books on Toxic Mortgages

Posted By: Ash Bennington
Late Friday afternoon, a Bloomberg headline trumpeted the success of The PPIP program thusly: "Treasury Gets 36% Return Buying Toxic Mortgages." »Read more
  Monday, 25 Oct 2010 | 3:33 PM ET

Disgruntled RBS Banker's Letter Captures the Zeitgeist of Powerlessness in IT Finance

Posted By: Ash Bennington
A banker at RBS recently sent a scathing, anonymous letter to the British media: The letter is a rebuke of an IT culture at Royal Bank of Scotland that leaves employees with the sense that, in the author's words, "individual effort is never going to make any difference." »Read more
  Monday, 25 Oct 2010 | 2:02 PM ET

Bill Gross Hates ‘Freedom,’ Has Inebriated Talks With Tim Geithner, and Considers Bond Trading ‘An Adult Form of Gambling.’

Posted By: John Carney
You might think you know everything there is to know about Bill Gross, the Pimco boss who seems to be one of the media’s favorite financial experts. »Read more
  Monday, 25 Oct 2010 | 1:11 PM ET

Eliot Spitzer's Hooker's Boss On Hedge Funds, Pensions And Taxes

Posted By: John Carney
Kristin Davis, the madam who ran the prostitution ring patronized by disgraced former governor Eliot Spitzer, is running for governor of New York State. »Read more
  Monday, 25 Oct 2010 | 12:36 PM ET

Will Paul Krugman be Shamed Into Debating an Austrian Economics Wunderkind?

Posted By: John Carney
Libertarians frustrated by what they view as the lack of engagement by arch-Keynesian Paul Krugman with their arguments have come up with a clever ploy: they're promising to donate $100,000 to the Fresh Food Program of FoodBankNYC.org if Krugman will debate one of their stars. »Read more
  Monday, 25 Oct 2010 | 11:52 AM ET

Sorry Folks, The Home Sales Numbers Still Stink and Are Going to Get Worse

Posted By: John Carney
The ten percent jump in existing home sales is the biggest monthly gain in 28 years. But the numbers still stink. »Read more
  Monday, 25 Oct 2010 | 11:39 AM ET

Midday Foreclosure Fiasco Wrap

Posted By: Ash Bennington
A midday look at the foreclosure mess. »Read more
  Monday, 25 Oct 2010 | 10:58 AM ET

How The Foreclosure Mess Could Create a Downward Spiral for Housing

Posted By: John Carney
The mortgage mess that lead to foreclosure freezes by several large banks across much of the country may slow down the ability of banks to issue new mortgages, which could push the housing market into a sharp downward spiral. »Read more
  Monday, 25 Oct 2010 | 10:21 AM ET

Henry Fernandez: We Are at an Inflection Point

Posted By: Lori Ann LaRocco
Although much of the talk going into the midterm elections is about jobs, taxes, health care and the domestic economy, many investors are attempting to get a view on the direction of the broader global economy. »Read more
  Monday, 25 Oct 2010 | 8:55 AM ET

Roubini: States Are Doomed

Posted By: Nicole Lapin
“Dr.Doom.” says U.S. states are in for it. »Read more

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.

 

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of CNBC's 5pm ET show "Fast Money."

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