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  Wednesday, 3 Nov 2010 | 12:57 PM ET

Bank of America Gets Rid of Blackrock Stake

Posted By: Cadie Thompson
Bank of America will be selling most of it's Blackrock stake, reducing it's stake to 12.6 percent from 33.9 percent, according to an offering document, Reuters reports. »Read more
  Wednesday, 3 Nov 2010 | 12:03 PM ET

Gridlock=Doom: PIMCO's El-Erian

Posted By: Ash Bennington
The popular wisdom goes — especially in certain libertarian circles — that political gridlock can be advantageous for the economy. The thinking is that when political parties are at loggerheads in the »Read more
  Wednesday, 3 Nov 2010 | 11:34 AM ET

Hedge Fund Managers A Bust At The Polls

Posted By: Ash Bennington
The view from inside the rarefied world of hedge funds will not remain unrepresented in the US Congress. Sort of. »Read more
  Wednesday, 3 Nov 2010 | 11:02 AM ET

So Long, Tim Geithner

Posted By: John Carney
There will be heavy pressure from within the Democratic party for the Obama administration to make changes that will both publicly mark a change of direction for the administration and privately send a message to party insiders that the White House is accepting its share of the blame for the loss of the House of Representatives. »Read more
  Wednesday, 3 Nov 2010 | 10:42 AM ET

Merrill Analysts Affirm Consensus: Look For The Full $500 Billion From The Fed

Posted By: Ash Bennington
The Federal Reserve today is likely to announce a $500 billion program to buy US Treasurys over the next six months, analysts from Bank of America Merrill Lynch say in a report issued this morning. »Read more
  Wednesday, 3 Nov 2010 | 9:42 AM ET

Why Wall Street Abandoned Partnerships

Posted By: John Carney
One popular theory about what went wrong with Wall Street points the finger squarely at the transformation of investment banks from private partnerships into publicly held companies. What few people understand is that this transformation wasn’t the result of unchecked market processes, unmitigated greed or deregulation—it was largely the result of regulation. »Read more
  Wednesday, 3 Nov 2010 | 9:02 AM ET

GOP Takes the House, Can't Steal Senate

Posted By: Ash Bennington
A roundup of the morning headlines. »Read more
  Wednesday, 3 Nov 2010 | 12:23 AM ET

Live Blogging Election Night

Posted By: John Carney
NetNet live blogs election night. »Read more
  Tuesday, 2 Nov 2010 | 5:38 PM ET

Brits & Swiss Cut a Deal on Banking Secrecy, Tax Revenue

Posted By: Ash Bennington
A roundup of the day's headlines. »Read more
  Tuesday, 2 Nov 2010 | 5:10 PM ET

Healthcare Analyst Involved in Insider Trading Case Identified

Posted By: Kate Kelly
A spokesman for FrontPoint Partners, the Connecticut hedge fund entangled in a criminal and civil probe of alleged insider trading in shares of a biotech company, has identified health-care analyst Chip Skowron as the employee who participated in the scheme. »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 "Fast Money."

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