Posts tagged as:

Bear Stearns

QOTD: asset allocation edition

November 10, 2009

After finding former Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin not guilty of misleading investors, one juror revealed just how convincing the defense had been: [Juror] Hong said that if she had money, she would invest it with Cioffi and Tannin.

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TIME: "It's over!"

April 14, 2009

TIME magazine has called it over - thanks for coming, everyone, and please watch your step as you disembark the ride. In an article titled "More quickly than it began, the banking crisis is over," the intrepid financial analysts at TIME lay out their argument: But, the great banking crisis of 2008 is over. It [...]

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The Man who Broke the CDS?

March 24, 2009

George Soros has written an opinion in today's WSJ calling for the regulation - and elimination - of CDS. He notes that CDS are instruments which allow speculation on default: What makes [CDS] toxic is that such speculation can be self-validating. I find his nature-of-the-security argument severely lacking: The negative effect is reinforced by the [...]

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Bear Stearns is worth slightly less than A-Rod

March 16, 2008

Obviously the news of the hour is that J.P. Morgan is buying Bear Stearns for $236mm, or just $2 a share, meaning the firm is worth only a fifth of the value of its own midtown headquarters.  The Yankees paid more for their third baseman. More gravely, despite the WSJ headline, there is no "rescue" [...]

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