Finance NetNet

More

  Friday, 6 May 2011 | 4:35 PM ET

Credit Suisse's Stripper Problem

Posted By: Cadie Thompson
  Friday, 6 May 2011 | 4:03 PM ET

Ex-Stripper: There's No Way the Credit Suisse Stripper Made That Much Money

Posted By: John Carney
Exotic Dancer in Windsor, Ontario
AP
Exotic Dancer in Windsor, Ontario

When Credit Suisse bankers were debating with mortgage brokers over the stated income of a stripper who had purchased a $1 million home , they probably should have brought in an expert.

» Read More
  Friday, 6 May 2011 | 3:07 PM ET

JPMorgan Chase Nearly Doubles Commodities Trading

Posted By: John Carney
JP Morgan Chase
CNBC.com
JP Morgan Chase

The size of JPMorgan Chase’s trading portfolio of physical commodities nearly doubled from the first quarter of last year to the most recent quarter, according to filings with the SEC.

» Read More
  Friday, 6 May 2011 | 2:43 PM ET

S&P: Passed 'Balanced' State Budgets May Not Always Equal Fiscal Reality 

Posted By: Lori Ann LaRocco
NN_c_suite_200.jpg

One of the biggest fiscal fears we have in our country is the state of California defaulting on its debt. It has been called "the next Greece" so many times I decided just for kicks, to Google "California next Greece." Within seconds, over 8,870 results came up.

To be honest, I was expecting more.

What I find so comical about the debt debacles facing states like California is that they are required by their state constitutions to pass a "balanced" budget each year. Well, if they pass something that's "balanced,", shouldn't they adhere to it? I mean, if you or I ran our balance sheets the way the 46 "states in crisis" have, the repo man would have a field day and our credit rating would be a joke.

I asked this question as well as others to Standard and Poor's California Analyst, Gabe Petek to get his assessment on the "Land of Milk and Honey".

» Read More
  Friday, 6 May 2011 | 12:44 PM ET

Credit Suisse And The $12K A Month Stripper Loan

Posted By: John Carney
Exotic Dancer in Windsor, Ontario
AP
Exotic Dancer in Windsor, Ontario

A debate about a $1 million home loan made to a stripper in Charlotte, North Carolina has turned up in the bond insurer MBIA’s case against Credit Suisse.

The loan to the stripper was a “stated income” loan. The stripper apparently claimed to be earning $12,000 a month, for an annual income of $142,000. Credit Suisse bankers ask in emails submitted with court filings by MBIA whether such a figure is realistic.

» Read More
  Friday, 6 May 2011 | 12:01 PM ET

Steven Cohen Not Sweating Latest Insider Trading Link

Posted By: John Carney
Stephen A. Cohen
Source: SAC Capital Partners
Stephen A. Cohen

Steven Cohen doesn’t have much to worry about when it comes to the latest link between the founder of hedge fund giant SAC Capital and insider trading.

» Read More
  Friday, 6 May 2011 | 11:02 AM ET

Goldman CEO and Activist Shareholder Kiss And Make-Up

Posted By: Cadie Thompson
Evelyn Y. Davis at the Ford Motor Company's annual meeting last year.
William Thomas Cain | Getty Images
Evelyn Y. Davis at the Ford Motor Company's annual meeting last year.

Activist shareholder Evelyn Davis planted a kiss on Goldman Sachs CEO Lloyd Blankfein at the firm's annual shareholder meeting, according to people at the meeting.

» Read More
  Friday, 6 May 2011 | 10:40 AM ET

Jobs Report Has More Bad News Than Good News

Posted By: Jeff Cox
job_fair_line.jpg
AP

There was more bad news than met the eye to Friday’s jobs report, even beyond the bump up in the unemployment rate.

While the top-line number of 244,000 jobs created sounded great when it came off the tape, the internals were somewhat weaker. In particular, the household survey, which is an actual head count, suggested that the job creation barely kept up with the expansion of the labor force.

» Read More
  Friday, 6 May 2011 | 10:23 AM ET

Nicole Lapin's Short & Long List

Posted By: Nicole Lapin
CNBC-Lapin-20100920.jpg
CNBC

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

» Read More
  Thursday, 5 May 2011 | 4:58 PM ET

Silver, Subpoenas and Playboy Playmates

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