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Finance NetNet


  Monday, 7 Mar 2011 | 1:38 PM ET

Bud Fox & Hunter S. Thompson

Posted By: Ash Bennington
Charlie Sheen as Bud Fox in "Wall Street"
Source: 20th Century Fox
Charlie Sheen as Bud Fox in "Wall Street"

There's a clever meme bouncing around cyberspace: It's an online quiz from New York Magazine.

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  Monday, 7 Mar 2011 | 12:31 PM ET

Did the SEC Open an Escape Hatch for Ratings Agencies?

Posted By: John Carney
Emergency Escape Hatch
Iconica | Juan Silva | Getty Images
Emergency Escape Hatch

Despite almost universal recognition that the failures of the credit ratings agencies to perceive and disclose the risk in asset-backed securities played a pivotal role in setting the stage for the financial crisis, they’re still an integral—and legally mandatory—part of our financial system.

They’re so influential, in fact, that they can effectively veto efforts to regulate them.

Recently the ratings agencies exercised their veto power over attempts to subject them to liability for faulty ratings.

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  Monday, 7 Mar 2011 | 11:41 AM ET

Ten People You Should Befriend on Wall Street

Posted By: Ash Bennington
Getty Images

A successful Wall Street career requires people skills. In the first place, you need to know who to avoid. Unfortunately, however, it’s not enough to avoid people. There are some people you absolutely have to make your allies.

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  Monday, 7 Mar 2011 | 10:39 AM ET

Happy Birthday to Me and YOU!

Posted By: Nicole Lapin
Philip J Brittan | Photodisc | Getty Images

Parties, presents, cake—these are the things that come to mind when most people think about birthdays. You don’t typically think of famine, disease, or oppression. But I would argue that it’s when we’re at our luckiest—one year older, one year wiser—that we should be thinking of those who aren’t so lucky.

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  Monday, 7 Mar 2011 | 9:39 AM ET

Guns N' Roses—and Money

Posted By: Ash Bennington
Duff McKagan
Duff McKagan

There are second acts in American life—and when former Guns N' Roses bassist Duff McKagan's pancreas exploded from years of drug and alcohol abuse in the mid-nineties it seemed like a good time to find one

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  Monday, 7 Mar 2011 | 8:43 AM ET

Greece Lashes Out at Moody's

Posted By: Julia La Roche

"Moody's Downgrades Greek Sovereign Debt by 3 Notches"[CNBC.com via Reuters]

Then...Greece Lashes Out at Moody's [Hellenic Republic Ministry of Finance]

Barclays Chief Awarded $11 Million Bonus [Bloomberg]

London Stock Exchange reportedly considering Nasdaq takeover bid, too. [Reuters]

"Ex-Lehman banker made number three at Nomura" [Financial Times]

"Sheen Is Surrounded by a Coterie of Enablers" [NYTimes]

»Read more
  Monday, 7 Mar 2011 | 8:40 AM ET

Moody's: Effects of Rising Crude Prices are Immediate on the U.S. Economy

Posted By: Lori Ann LaRocco

The escalation in fighting in Libya is increasing fears of a civil war and with signs of political unrest spreading throughout the Middle East and North African nations the price of crude continues to climb.

Many wonder when the tipping point will be reached and the economic growth across the world is impacted. I asked Chris Lafakis, the energy and financial markets economist at Moody's Analytics about this latest surge and what it means to the U.S. Economy.

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  Friday, 4 Mar 2011 | 4:59 PM ET

Gupta Gets Calls a Co-Conspirator

  Friday, 4 Mar 2011 | 4:30 PM ET

Gary Lynch Leaves: The Un-Macking of Morgan Stanley

Posted By: John Carney
Duke University

Morgan Stanley Vice Chairman and former Chief Legal Officer Gary Lynch is leaving the firm to pursue "other opportunities."

It's one of the iron rules of Wall Street: nobody ever really leaves to pursue "other opportunities."

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  Friday, 4 Mar 2011 | 4:20 PM ET

Is Rajat Gupta Going for the Frenemy Defense?

Posted By: John Carney
Rajat Gupta
Umesh Goswami | The India Today Group | Getty Images
Rajat Gupta

Rajat Gupta has sent an email to the dean of the Hyderabad-based Indian School of Business, which he co-founded, describing his relationship with Raj Rajaratnam as "strained," according to the Times of India .

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  • 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.


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