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Finance NetNet


  Friday, 28 Jan 2011 | 1:32 PM ET

What's Wrong With Simon Johnson?

Posted By: John Carney
Simon Johnson, the former chief economist of the IMF
Getty Images
Simon Johnson, the former chief economist of the IMF

Simon Johnson, the former chief economist of the IMF who is now a leading financial commentator at Baseline Scenario, is one of the more prominent critics of the view that blame for the financial crisis falls on affordable housing and fair lending policies. The problem is that his critique is extremely misguided.

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  Friday, 28 Jan 2011 | 12:47 PM ET

Hedge Fund Fisticuffs: Does Anyone Really 'Get It'?

Posted By: Ash Bennington
Digital Vision | Photodisc | Getty Images

Let's talk about risk.

As I pointed out this morning , the backlash against Goldman Sachs president Gary Cohn's remarks about hedge fund regulation continues.

Let's begin at the beginning.

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  Friday, 28 Jan 2011 | 12:03 PM ET

Nicole Lapin's Short & Long List

Posted By: Nicole Lapin

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

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  Friday, 28 Jan 2011 | 11:18 AM ET

Bernanke's Mystery: 12 Out of 13 Major Firms at Risk in 2008

Posted By: John Carney
Getty Images

The Financial Crisis Inquiry Commission produced a bit of a mystery with its report yesterday.

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  Friday, 28 Jan 2011 | 10:51 AM ET

Investing in The Defense Sector of Tomorrow 

Posted By: Lori Ann LaRocco

Cut backs in defense spending have been hanging over the sector for about year and now. Wall Street waits to see when the axe will fall. But that doesn't mean that investors should be sitting on their laurels waiting for it to happen.

There is always opportunity hidden in times of uncertainty. You just need to know where to look. Secure Strategy Group co-founder and former DHS Assistant Secretary Robert Liscouski and Secure Strategy Group co-founder Scott Greiper both took the time to answer my questions on where the smart money is going in the defense sector.

Secure Strategy Group is a strategic advisory firm which invests in the security and defense sector.

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  Friday, 28 Jan 2011 | 10:08 AM ET

Confessions of a (Female) Cigar Smoker

Posted By: Nicole Lapin
Nicole Lapin in
Source: Cigar Aficionado
Nicole Lapin in

I don’t have a whole lot in common with Fidel Castro.

Not a ton with Winston Churchill, Rush Limbaugh, Milton Berle, Mark Twain and Bill Cosby, either. Save, of course, a penchant for cigar smoke.

In my case, it’s recreational, nowhere near the occupational predilection of history’s most recognizable cigar-wielding rebels and icons.

“A woman is only a woman, but a good cigar is a smoke,” one of my favorite poets, Rudyard Kipling, penned in his short story “The Betrothed.”

Close, Mr. Kipling, but no cigar. Cigars, for better or worse, link us all, this woman included.

Certainly, I am not the only one. Cigar Aficionado Magazine featured me this month, as one of a long list of women who have gender-bent the pages before: Madonna, Sharon Stone, Demi Moore, Veronica Webb.

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  Friday, 28 Jan 2011 | 8:56 AM ET

John Paulson Banks $5 Billion in Profits

Posted By: Ash Bennington

Lower profits at Ford: Shares drop 7 percent in premarket trading. [Reuters CNBC]

Protests in Egypt continue. [WSJ]

John Paulson banks $5 billion in profits —which may be the best single year gain in investing history. [WSJ]

Geithner says global inflation is still “not high on the list of concerns,” for the world's economy. [WSJ]

Sarah Lee is splitting in two. [Financial Times]

The Illinois Supreme Court has rules that Rahm Emanuel can stay in the Chicago mayoral race . [New York Times]

Hedge funds beat up on Goldman Sachs president over calls for tougher regulation in Davos. [CNBC via FT]

Welcome to weather hell: NYC is the new Buffalo. [New York Times]

»Read more
  Thursday, 27 Jan 2011 | 5:22 PM ET

Global Unrest Slams Markets

Posted By: Ash Bennington
  Thursday, 27 Jan 2011 | 5:08 PM ET

GSEs, Citigroup, Lehman, AIG, Goldman Sachs And Jamie Dimon at Top of Financial Crisis League Table

Posted By: John Carney

This probably is not the sort of league table anyone hoped to top.

The FCIC today released its official report on the financial crisis, along with two dissenting reports. Together they run 633 pages, including the footnotes but not including the index.

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  Thursday, 27 Jan 2011 | 4:56 PM ET

Rachel Sterne Takes New York

Posted By: Lori Spechler
Rachel Sterne
Rachel Sterne

Did NYC just buy an $115,000 marketing campaign?

If you follow the blogosphere, you’ve probably already heard some of the buzz about Rachel Sterne, the newly minted Chief Digital Officer (CDO) for the City of New York.

From the straight ahead article on WNYC.org “The Woman Upgrading Bloomberg’s Government: Rachel Sterne ” to the slightly more spicy article on The Observer, “Everybody Calm Down About Rachel Sterne, For Chrissakes ” \), people—or at least the press--seem duly interested in the first paid CDO for a major city.

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