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  Tuesday, 5 Oct 2010 | 8:38 AM ET

David Tobin — Reading the Bad Paper Tea Leaves

Posted By: Lori Ann LaRocco

David Tobin is in the business of selling bad paper. His company, Mission Capital Advisors, has advised on more than $26 billion of loan sales since it was founded in 2002.

Mission is deeply involved in the secondary mortgage market, putting David in a good position to spot trends developing before they make headlines. I ask David based on the transactions he's seeing is the worst behind us in the real estate loan markets.

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  Tuesday, 5 Oct 2010 | 8:21 AM ET

Bernanke Paradox

Posted By: Ash Bennington

Bernanke Paradox: (CNBC.com) Fed chief says Federal Budget unsustainable over long-term; short-term premature fiscal tightening puts recovery at risk

»Read more
  Monday, 4 Oct 2010 | 6:21 PM ET

Big Silicon Bigger than Big Oil?

Posted By: Ash Bennington
  Monday, 4 Oct 2010 | 6:05 PM ET

Microsoft Isn’t the Next General Motors — But Still…

Posted By: Ash Bennington

Goldman Sachs downgraded Microsoft today from Buy to Neutral.

Microsoft Sign
Robert Scoble
Microsoft Sign

So what’s the big picture over in Redmond? There is much to be glum about when surveying the landscape of Microsoft’s product offerings:

Bing has lost billions. Ditto for Windows Mobile. X-Box has only recently emerged as a profitable platform after years of losses.

But perhaps even more troublesome than losses on specific products is what might be perceived as a failure of vision: Microsoft’s software platforms in rapidly growing markets — such as tablet computing and mobile phones — have failed to ignite the public’s imagination like the iPhone or iPad. And that may be stating the case too kindly: Next to Apple’s product lineup, Microsoft’s products often seem quaint or even clumsy. (For example: Ask your teenage children this: How many of the cool kids in study hall are rocking out to a Zune?)

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  Monday, 4 Oct 2010 | 5:35 PM ET

Lloyd Blankfein, Gary Gensler And John Carney Walk Into A Bar...

Posted By: Lori Spechler

Goldman Sachs’ CEO Lloyd Blankfein raised the question last week — are clearing houses the new systemic risk to watch? Or, could they be the latest regulatory mess that will send investment houses fleeing to other shores?

Goldman Sachs CEO Lloyd Blankfein
CNBC.com
Goldman Sachs CEO Lloyd Blankfein

Today in Washington, D.C. netnet.com reporter John Carney had a few minutes with the Chairman of the CFTC, Gary Gensler. He asked him if Mr. Blankfein was right — are we about to push all manner of derivatives and swaps onto exchanges and through clearing houses creating a bigger issue in times of financial Armageddon?

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  Monday, 4 Oct 2010 | 5:19 PM ET

Will The CFTC Kill The End User Exemption?

Posted By: John Carney

When Capitol Hill set out to force derivatives onto exchanges, lawmakers carved out a broad exemption for so-called "end users" — non-financial companies seeking to hedge their exposure to fluctuations in currencies, commitments and interest rates. An ambiguity in the Dodd-Frank financial reforms, however, threatens to undermine the end-user exemption.

NYSE trader
Getty Images
NYSE trader

The issue is whether the U.S. Commodity Futures Trading Commission \(CFTC\) can impose margin requirements on end-users. The Senate version of financial reform specifically exempted end-users. This exemption was lost on the version that emerged from the House-Senate conference, allegedly because it was redundant to provisions that more broadly carved out end-users from the requirements that derivatives trade on exchanges and pass through clearinghouses.

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  Monday, 4 Oct 2010 | 5:02 PM ET

Consumer Poll Position

Posted By: Stephanie Landsman, Producer for "Squawk Box"

Halloween may be weeks away, but analysts and research firms are already trying to answer the scary question: Will consumers spend a pretty penny this holiday season... or just a few bucks?

Shoppers take a break at the Baybrook Mall in Friendswood, Texas.
Getty Images
Shoppers take a break at the Baybrook Mall in Friendswood, Texas.

So far, early surveys suggest the grim reaper won't mutilate the retailers' bottom line.

Kantar Retail released its holiday shopping survey last week. The consulting firm says retailers need to use some "promo mojo" to woo shoppers this season. It expects retail sales to increase by 2.5% versus 0.5% during the same time last year. But, Kantar says the period will feel weak compared to the "relatively strong pace of retail sales growth in the first three quarters."

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  Monday, 4 Oct 2010 | 4:31 PM ET

Yes, High Frequency Traders Will Take Over Swap Trading

Posted By: John Carney

We were curious about how market participants would react to our idea that requiring swaps to trade through exchanges would invite dreaded high frequency traders into the market.

New York Stock Exchange trader
Getty Images
New York Stock Exchange trader

Both on the panels and in conversation outside of the official discussions at the wmbaa.org conference, nearly everyone agrees: that's exactly what's going to happen.

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  Monday, 4 Oct 2010 | 4:11 PM ET

Hotels Still Suck

Posted By: John Carney

Why do nearly all hotels mistreat conference guests?

»Read more
  Monday, 4 Oct 2010 | 3:49 PM ET

Harry Truman’s Dream of a One Handed Economist Unfulfilled by Goldman Sachs Report

Posted By: Ash Bennington

Perhaps the most interesting point made in a Goldman Sachs report out this week is contained in its second sentence: “It is axiomatic that the economic backdrop influences investing decisions but the range of client views on growth and margins is unusually broad.”

The Goldman Sachs booth on the floor of the New York Stock Exchange
Getty Images
The Goldman Sachs booth on the floor of the New York Stock Exchange

Let’s try to parse that.

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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.

 

  • 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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