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  Monday, 14 Mar 2011 | 2:29 PM ET

Raj Rajaratnam Did Not Appreciate Rajat Gupta’s Attempt to Leave The Goldman Board, Join ‘The Billionaire Circle’

Posted By: Bess Levin, DealBreaker
Raj Rajaratnam co-founder of the Galleon Group hedge fund.
Getty Images
Raj Rajaratnam co-founder of the Galleon Group hedge fund.

As previously discussed, one of the bigger revelations that could cause issues for Raj Rajaratnam is that his “business associate and friend,” Rajat Gupta, passed him inside information obtained from Gupta’s post as a board member of Goldman Sachs, which the Galleon founder proceeded to \(allegedly!\) trade on. In one particular instance, on October 23, 2008, Gupta rang up Rajaratnam twenty three seconds after an informative call with Lloyd Blankfein about the company’s financial situation. The swiftness with which Gupta funneled information to his pal presumably pleased Raj greatly, as it was a characteristic he looked for in all of his tipsters, going so far as to put it at the top of the ‘must haves’ in the listing for the gig. So you can imagine that the hedge fund manager was not at all pleased when Rajat tried to resign from the Goldman board and dry up his well.

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  Monday, 14 Mar 2011 | 1:53 PM ET

War Machine Watch: Cakewalk Talk Runs Rampant

Posted By: John Carney
Protests in Libya
CNBC
Protests in Libya

Pressure is building for the US to take action in Libya.

The Arab League formally proposed that the UN authorize the creation of a no-fly zone. France and Britain have drafted a resolution authorizing the no fly zone. The matter is being debated among UN Security Council members . France and Britain are trying to forge an agreement on a no-fly zone among G-8 members at a meeting in Paris. Russia has softened its stance—saying it wants more information on the Arab League proposal .

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  Monday, 14 Mar 2011 | 1:10 PM ET

Cov-Lite Train Wreck Ahead?

Posted By: Ash Bennington
train_wreck_200.jpg
ChinaFotoPress | Getty Images

Cov lite Loans—loans without the usual protective covenants to safeguard lenders—are making a major comeback. Ominously, this uptick in cov-lite loan issuance coincides with a Moody's research note, which I wrote about on Friday, that suggests grim prospects ahead for future defaults in cov-lite.

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  Monday, 14 Mar 2011 | 12:09 PM ET

Bank of America Accused by Anonymous Website of Hiding Data From Investigators

Posted By: Ash Bennington
A Bank of America trader inside the NYSE.
Oliver Quillia for CNBC.com
A Bank of America trader inside the NYSE.

An anonymous website associated with activists from Operation LeakS released a cache of emails accusing Bank of America of "fraud" in handling its mortgage files.

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  Monday, 14 Mar 2011 | 11:13 AM ET

The SEC Saw Gupta as a Clear and Present Danger to Shareholders

Posted By: John Carney
Rajat Gupta
Eric Piermont | AFP | Getty Images
Rajat Gupta

Despite pressure from federal prosecutors overseeing the case against Raj Rajaratnam, the Securities and Exchange Commission pushed ahead with its insider trading case against Rajat Gupta because of his status as a sitting board member on public companies.

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  Monday, 14 Mar 2011 | 10:15 AM ET

Nouriel Roubini on the Origins of the G-Zero World

Posted By: Ash Bennington
Nouriel Roubini
Photo: Oliver Quillia for CNBC
Nouriel Roubini

The 21st Century world is fragmenting at an alarming pace—economically and politically—and the old models of understanding global dynamics are struggling to keep up with the breakneck speed of change.

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  Monday, 14 Mar 2011 | 9:16 AM ET

Yen Rockin’ Rattles Dollar

Posted By: Nicole Lapin
Yen
Comstock Images | Getty Images
Yen

The yen has been trading violently against major and minor crosses, which, of course, is to be expected. But, what’s unexpected to some is the subsequent dollar weakness.

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  Monday, 14 Mar 2011 | 8:45 AM ET

Bank of Japan Doubles Asset Purchases to 10 Trillion Yen

Posted By: Julia La Roche
  Monday, 14 Mar 2011 | 8:38 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin
lapin_waking_up_200.jpg

Stop talking to yourself and feeling old. I know rainy days and Mondays get you down, but I'm here to help you feel like you belong, at least with me and the other graveyard runners:

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  Friday, 11 Mar 2011 | 4:44 PM ET

Why Stocks Rallied on a Day of Disaster

Posted By: Ash Bennington

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