The Faber Report

  Tuesday, 14 Jul 2009 | 5:39 PM ET

SEC Finally Settles Its 'Koz'

Posted ByDavid Faber
We can all rest easy: the SEC has reached a final settlement with Dennis Kozlowski and Mark Swartz, the former CEO and CFO of Tyco who have both spent the last four plus years in jail after being convicted of stealing from that company. »Read more
  Tuesday, 30 Jun 2009 | 2:04 PM ET

Merkin Sells His Rothko's

Posted ByDavid Faber
Insurance on $300 million worth of paintings by Mark Rothko and Alberto Giacometti can get pretty expensive. Just ask Ezra Merkin, the disgraced financier who is fighting civil charges from N.Y. Attorney General Andrew Cuomo. »Read more
  Friday, 26 Jun 2009 | 1:45 PM ET

Getting "Direct" With Greg Maffei

Posted ByDavid Faber
An interview with Liberty Media CEO Greg Maffei on Squawk Box had some interesting moments this morning. I asked Maffei whether he would be interested in taking the top job at Direct TV, which long time CEO Chase Carey recently departed to take the number two job at Newscorp. »Read more
  Thursday, 25 Jun 2009 | 7:00 PM ET

Faber On Future Of Wall Street

Posted ByLee Brodie
What will the Wall Street crisis mean for the future of capitalism? Find out from CNBC’s David Faber! »Read more
  Wednesday, 24 Jun 2009 | 3:23 PM ET

KKR Tries Again

Posted ByDavid Faber
Why KKR is so determined to go public is something of a mystery to me....today it unveiled its latest proposal to go public through an acquisition of its KKR Private Equity Investors (KPE), a limited partnership that trades on the Amsterdam exchange and invests its funds in KKR’s private equity transactions. »Read more
  Tuesday, 23 Jun 2009 | 4:39 PM ET

Welcome To The Bankruptcy Inn

Posted ByDavid Faber
It looks like we’ll have another bankruptcy of a former LBO in the hospitality space. The WSJ is reporting that Red Roof Inns has defaulted on $332 million of mortgage debt. »Read more
  Friday, 19 Jun 2009 | 2:00 PM ET

Is It Too Quiet Out There?

Posted ByDavid Faber
It’s been an eerily quiet week. Barely any corporate news of note and really only one important story (regulatory reform). It may not mean much of anything. Summer typically ushers in a more tranquil period (though not the last two years) when it comes to news. But I do find myself wondering whether that quiet will last. »Read more
  Wednesday, 17 Jun 2009 | 4:24 PM ET

What's Behind Big Hedge Funds Signing Off?

Posted ByDavid Faber
If you were a hedge fund manager and had a few good years and raised a decent chunk of change off of that performance and made a few hundred million or even a billion dollars as a result, what would you do when times got tough? »Read more
  Thursday, 11 Jun 2009 | 4:55 PM ET

The Question Ken Lewis Never Gets Asked

Posted ByDavid Faber
In answers to questions about the deal in the days following its announcement, Lewis defended the price BofA agreed to by saying the firm viewed Merrill as a world class asset that competitors might try to swoop in and buy and so BofA needed to pay a sufficient price to lock it up. »Read more
  Thursday, 4 Jun 2009 | 6:00 PM ET

SEC Charges Ex-Countrywide CEO with Insider Trading

Posted ByDavid Faber
The SEC charged Angelo Mozilo, the former chairman and CEO of Countrywide Financial, with insider trading. »Read more