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  Monday, 10 Jan 2011 | 4:19 PM ET

Today's Trivium Hedge Fund Insider Trading Arrests Involved Google Stock

Posted By: Ash Bennington
A sign is displayed outside of the Google headquarters in Mountain View, California.
Getty Images
A sign is displayed outside of the Google headquarters in Mountain View, California.

A complaint filed by the SEC today alleges that Robert Feinblatt—a principle and cofounder of Trivium Capital Management—engaged in insider trading in Google stock, as well as in the stocks of other tech companies.

The complaint alleges that Feinblatt, along with Trivium analyst Jeffrey Yokuty and others, engaged in insider trading based on information from an "investor relations consulting firm" called Market Street Partners.

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  Monday, 10 Jan 2011 | 4:10 PM ET

NetNet's Law Loan Story Heats Up

Posted By: Stephanie Landsman
diploma_money_2_200.jpg

The business section of Sunday’s New York Times yesterday asked “Is Law School A Losing Game?” in its lead story.

It's the story NetNet has reported three times since December 31. "Getting Schooled In Law Loans ," "Law Degree, Never Used, For Sale On eBay ," and "Unused Law Degree: $200k On eBay, Going Once, Going Twice... ."

The glut of law graduates, paired with a struggling economy, is creating severe financial distress among the group. Many graduates owe far more than $100,000 in private loans.

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  Monday, 10 Jan 2011 | 3:58 PM ET

Why It Could Be Very Hard for Banks to Avoid Ibanez Mortgage Catastrophes

Posted By: John Carney
Mortgage
CNBC.com
Mortgage

Although it’s only been a couple of days since the Massachusetts Supreme Court handed down its ruling in the “Ibanez” case, analysts are already announcing that it won’t be as big of a deal as it might seem.

I don’t share their confidence.

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  Monday, 10 Jan 2011 | 3:26 PM ET

Wikileaks Watch: Day 5 of Silence

Posted By: John Carney
Julian Assange
Getty Images
Julian Assange

It’s been five days since the last release of diplomatic cables from WikiLeaks. That last round of cables hit on January 5th.

This is the longest silence since WikiLeaks began.

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  Monday, 10 Jan 2011 | 3:18 PM ET

Quantitative Easing: Is It Working?

Posted By: Ash Bennington

New data appears to support the theory that quantitative easing is working.

Fed Vice Chair Janet Yellen delivered a speech this weekend where she presented new data from a working paper drafted by the Federal Reserve Bank of San Francisco.

"Is the program actually proving effective? My short answer is yes," she said.

John McDermott, writing for the Financial Times blog Alphaville , excerpts and analyzes Yellen's source material.

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  Monday, 10 Jan 2011 | 2:39 PM ET

Kanjorski on Jamie Dimon: 'I Took His Ass on and I Won'

Posted By: Jeff Cox
Sen. Paul Kanjorski
Bill Clark | Roll Call | Getty Images
Sen. Paul Kanjorski

Former Rep. Paul Kanjorski may have been a victim of the November electoral “shellacking” handed out to him and his fellow Democrats, but in his mind he took one big prize down with him: JPMorgan Chase CEO Jamie Dimon.

Kanjorski, a 13-term Democrat and senior Finance Committee member from northeastern Pennsylvania, bragged in a recent interview with local media that he took on the omnipotent Dimon and won.

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  Monday, 10 Jan 2011 | 12:03 PM ET

Christopher Whalen: Massachusetts Mortgage Decision Could Kill Top Banks

Posted By: Lori Ann LaRocco
bank_crisis_04.jpg

The bank stress tests are back and you'll sure be hearing the phrase "Too Big To Fail" uttered over and over again.

The purpose of this test is to allow the 19 big banks to raise their dividends or repurchase stock. In order to get the approval they must submit their new capital plans to the Federal Reserve by this Friday.

It will be a big banking week with concerns about Portugal and on Friday, JP Morgan is set to report is earnings. I decided to speak with Christopher Whalen, Senior Vice President and Managing Director of Institutional Risk Analytics.

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  Monday, 10 Jan 2011 | 10:50 AM ET

Kicking CEO'S out of The C-Suite

Posted By: Lori Ann LaRocco
NN_c_suite_200.jpg

It was no surprise to me when the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling found the management of BP and two of its contactors, Transocean and Halliburton, at fault for their missteps, which played an integral part to the deaths of 11 rig workers and the worst offshore oil spill in U.S. history.

Leaders are defined by the choices they make and how they react in moments of crisis. Clearly, in this instance, the management of these companies looked at their bottom line and were blinded by greed and stupidity and did not do their due diligence in assessing and analyzing risk.

Their foolish, short-sighted decisions have left a void in the 11 families who lost their loved ones and local economies that base their livelihood on the environment struggling.

I decided to have a discussion on leadership with Sydney Finkelstein, Steven Roth Professor of Management at the Tuck School of Business at Dartmouth College.

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  Monday, 10 Jan 2011 | 9:58 AM ET

Bernanke on Municipal Bond Bailout: No Way

Posted By: Ash Bennington
Federal Reserve Bank Chairman Ben Bernanke
Getty Images
Federal Reserve Bank Chairman Ben Bernanke

On Friday, Federal Reserve Chairman Ben Bernanke dismissed the possibility that the central bank would intervene in the municipal credit markets.

In testimony before the Senate Budget Committee Bernanke said: "We have no expectation or intention to get involved in state and local finance." He later said that states "should not expect loans from the Fed."

The comes according to a story in Friday's Wall Street Journal.

According to the Journal, the rationale for the policy of nonintervention is the following:

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  Monday, 10 Jan 2011 | 9:21 AM ET

More Compensation Changes for Credit Suisse Bankers

Posted By: Ash Bennington
Bankers Bonus
iStockphoto
Bankers Bonus

Credit Suisse announced this morning that more of its bankers will be paid using deferred bonuses—essentially paying bonuses in stock rather than cash.

Prior to two years ago, deferred bonuses were paid only to bankers earning more than $125,000 in bonus compensation; that threshold was then lowered to 50,000 Swiss francs- or a little over $50,000 U.S. Now, 35 to 70 percent of bonuses will be paid in deferred compensation- compared to 15 to 60 percent from earlier years.

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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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