Reuters: A college education no longer means easy employment in China. Reuters: Fannie Mae (FNM) lost $14.8 billion. Reuters: The auto “clunkers” legislation passed the Senate. Reuters: Obama is in no rush…
Everyone is making money off of the break-up and financing of AIG (AIG) except the insurance company itself and the taxpayers who put up $180 billion to save it. One of the…
Reuters: A bubble may be forming in the corporate bond market. Reuters: Wall St. firms have made $1 billion on the break up of AIG (AIG). Morgan Stanley(MS), Goldman Sachs (GS), JP…
This morning came a key analyst downgrade, in the brokerage firm sector itself. The analyst team at Goldman Sachs Group Inc. (NYSE: GS) downgraded shares of rival Morgan Stanley (NYSE: MS). The…
Morgan Stanley’s (MS) stock fell 5% the moment it released its earnings for the last quarter. The firm was lucky that the drop did not become a plunge. Morgan reported a loss…
Douglas A. McIntyre Reuters: Microsoft (MSFT) is putting more R&D in India. Reuters: CIT (CIT) confirmed that it rasied $3 billion. Reuters: Bernanke said Fed can control inflation. Reuters: California lawmakers agreed to a state…
Morgan Stanley (NYSE: MS) is launching a TALF fund. It is slightly larger than its original target. The fund probably won’t make a huge boost for earnings, but it is a further…
Douglas A. McIntyre An appetite for risky assets that has sent small-cap and emerging market stocks and junk bonds flying since March now is getting more scrutiny from a market heavyweight. Greg Peters, head of…
Reuters: California declared a financial emergency. Reuters: An SEC attorney raised concern about a Madoff report in 2004. Reuters: Auto parts supplier Lear filed for bankruptcy. Reuters: NYC apartment sales are down…
The Treasury said that it plans to dispose of the warrants that it got from banks as part of bail out financing given to, and, in some cases, forced upon major US…
Ken Heebner of CGM Funds is often a guest on CNBC after the FOMC decision on rates. His sphere of great influence has withered as the CGM Focus Fund (CGMFX) has been…
John Mack of Morgan Stanley (MS) made sure that he had a large base salary for this year, even though his firm nearly fell apart last year. The management of Citigroup (C)…
Reuters: The head of a Congressional watchdog committee is pushing for a consumer protection agency. Reuters: China defended its export policies against a WTO complaint. Reuters: Citigroup (C) intends to raise the…
Deutsche Bank says that the commercial real estate market in America will not recover until 2017. Richard Parkus, Deutsche Bank head of Commercial Mortgage-backed Securities and Asset-Backed Securities Synthetics Research, told Reuters…
