Finance NetNet

More

  Wednesday, 20 Apr 2011 | 1:43 PM ET

Myth of the Immobile American

Posted By: John Carney
home_handcuff_200.jpg
Getty Images

Americans supposedly cannot move to fill new job openings because they are stranded by the ongoing housing slump.

Its a story familiar to many. But it may not be true.

» Read More
  Wednesday, 20 Apr 2011 | 11:47 AM ET

Goldman Sachs Hit by Criticism—for Its Caution

Posted By: John Carney
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

Goldman Sachs has built up a fortress of capital. It has almost $65 billion in tangible common equity.

So what is Wall Street's reaction?

» Read More
  Wednesday, 20 Apr 2011 | 11:00 AM ET

Nouriel Roubini on the One Big Reason to be Optimistic About the National Debt

Posted By: Joe Weisenthal, Business Insider
Nouriel Roubini
CNBC.com
Nouriel Roubini

This is odd. A rare note ot sorta-optimism from Nouriel Roubini regarding the US debt situation.

In a note this morning that he put with fellow analyst Arnab Das, he writes:

» Read More
  Wednesday, 20 Apr 2011 | 9:11 AM ET

General Motors Message to the Markets: Still Stings to be Called 'Government Motors'

Posted By: Lori Ann LaRocco
NN_c_suite_200.jpg

General Motors investors fled the stock Tuesday as reports of the U.S. government planning to sell the majority of its remaining stake in the automaker this year. Shares fell by approximately 1.3 percent to end the session at $29.59.

In order to break even, the government would have to sell 500 million shares for $53 a piece but with the stock price around $30 a share, it will take a huge pop in the stock in order to achieve that.

When speaking with my sources in the auto industry, they give the resurgence of General Motors a resounding thumbs up and they applaude the government stepping in and puttting money into the company.

But does the veil of "Government Motors" still hang over the automaker? Some of my auto sources say yes and its not right. I asked Bob Ferguson, Vice President for Global Public Policy at General Motors, about this as well as his outlook on the road ahead.

» Read More
  Wednesday, 20 Apr 2011 | 8:42 AM ET

Facebook Sends 'Friend Requests' to Washington

Posted By: Julia La Roche
NN_morning_call_200.jpg

Facebook sends 'friend requests' to Washington [WSJ]

Apple is slated to report earnings today just before Obama's "town hall" at Facebook. That's not all the Apple news today. Sources who spoke to Reuters say the iPhone 5 will ship in September [Reuters]

Yikes! The street is worried about Goldman's sluggish growth [NYTimes DealBook]

"Justice Department Seeks Data in Nasdaq-NYSE Antitrust Review" [Bloomberg]

This is from a Deutsche Bank employee familiar with Donald Trump: "In financial circles, it's pretty well known Trump is a deadbeat. " ouch! [The Atlantic]

»Read more
  Tuesday, 19 Apr 2011 | 4:57 PM ET

Everyone is Wrong on China and US Debt

Posted By: John Carney
  Tuesday, 19 Apr 2011 | 4:13 PM ET

Goldman: Our Lending and Investing Are Not Really Trading

Posted By: John Carney
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

Goldman Sachs pretty much mostly trades for clients.

Its principal investing and lending is mostly long term—and certainly isn’t something anyone who knows what they are talking about would call trading.

» Read More
  Tuesday, 19 Apr 2011 | 3:58 PM ET

Whitney to Goldman: What's the Endgame?

Posted By: Kate Kelly

We’ve been critical of Meredith Whitney on “The Strategy Session ”—especially when it came to her bearish call on the municipal-bond market. But Tuesday she deserves credit for posing what may be the investment community’s biggest question to Goldman Sachs on the heels of its first-quarter earnings .

»Read more
  Tuesday, 19 Apr 2011 | 3:43 PM ET

Huge Feud Erupts After Banking Power Couple Rips a 2-Year Old Puppy Away From a Co-Worker

Posted By: Courtney Comstock, Business Insider
Depressed Dog
Depressed Dog

Leslye Jordan-Whittaker and her husband, Ian, are taking a feud over dog ownership to a startling level.

It sounds like it all began when Ian Whittaker worked with Victoria Huxter at Liberum Capital and he asked her to take care of his dog, Bella, 18 months ago. Then, sometime within those 18 months, Whittaker asked for Bella back, but Huxter held onto him.

» Read More
  Tuesday, 19 Apr 2011 | 2:21 PM ET

Former Fed Gov. Mark Olson: Neither Budget Plan Is Ideal

Posted By: Lori Ann LaRocco
NN_c_suite_200.jpg

From the S&P downgrade, to the ever rising price of gasoline, to Federal Reserve Chairman Ben Bernanke's historic Q&A next week, economists have a lot to chew on these days. It's an economic dessert that could leave you with massive indigestion.

You've got layers of economic and geopolitical uncertainty, filled with political jabs, and the cherry on top is the 2012 Presidential election. Everyone and anyone between now and June will be saying that they are the leader Americans have been looking for when it comes to fixing the economic wrongs.

I'm reaching for the Rolaids already!

To get some perspective on all of this, I caught up with Mark Olson, former Federal Reserve Governor and Co-Chairman of Treliant Risk Advisors.

» 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.

 

Wall Street