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FDIC Chairman Sheila Bair talks to WSJ economics editor David Wessel about the financial-regulatory legislation pending in Congress, the current health of the banking business and what it’s like to be the sole woman among a band of powerful men. Source: MarketWatch, June 25, 2010.
Bill Gross, co-founder and co-CIO of PIMCO, is to my mind one of the shrewdest money men around. His monthly newsletter, this month entitled “Lovin’ Spoonful”, therefore always makes for thought-provoking reading. The following are a few excerpts from the report: “ … if a chef were to concoct a gourmet investment recipe, he would likely blend a teaspoon of intelligence with a tablespoon of common sense … “No one or no one company has a monopoly on investment or ratings expertise. Second grade intelligence and a high Common Sense Quotient (CQ) are a rare combination for an individual rating agency or an investment management firm as well. Still, the rating agencies in recent years have displayed little of either. In addition, they have brazenly sold their reputations for unbiased judgment to the very companies they were standing in judgment upon. Don’t bury them however; like vampires in the dead of the night they will outlast us all. Those looking to profit at their expense, however, will dismiss them. They no longer serve a valid purpose for investment companies free of regulatory mandates that can think with a teaspoon of IQ and a tablespoon of CQ.” Click here for the full article. Source: Bill Gross, PIMCO – Investment Outlook, May 2010. More on this topic (What's this?) The military intelligence non-event and non-failure of Kim Jong Il's death (Merrill over Matter, 12/28/11) A Stock-Market Tale: An E-Mail, An Energy Stock And the Best Market Intelligence I've Ever Seen (Money Morning, 9/16/11) Does this quote regarding the Muslim Brotherhood make any sense to you? (The Political and Financial Mark..., 1/10/12) 
As President Obama makes the case for strong financial reform, Bill Moyers discusses these issues with veteran regulator William K. Black, who says Wall Street is breaking current rules. Click here or on the image below to view the video.
Click here for a transcript of the interview. Source: PBS Bill Moyers Journal, April 23, 2010. More on this topic (What's this?) Five Things Obama Didn't Want You to Hear in His State of the Union (Money Morning, 1/25/12) Obama’s State of the Union: Investment Opportunities and Risks (Wall Street Daily, 1/25/12) State of the Union Excerpts Outline Speech Focused on Income Inequality, Job Creation (Money Morning, 1/24/12)
Charlie Rose sits down with Lloyd Blankfein, CEO and Chairman of Goldman Sachs, to discuss the firm’s testimony before lawmakers regarding the SEC’s fraud allegations. Click here or on the image below to view the video.
Source: Charlie Rose, April 30, 2010.
The largest anti-Wall Street rally since the credit crunch has taken place in New York. Thousands of workers and trade union leaders marched in anger over lost jobs and ruined lives, demanding answers from the source of the trouble – the banks. Source: Russia Today (via YouTube), April 30, 2010 (hat tip: The Market Oracle). More on this topic (What's this?) Did Putin Just Score Us a Goldmine? (Wall Street Daily, 1/9/12) Investor Sentiment: Looking Like Q4, 2010 (Comments for thetechnicaltake, 1/28/12) The Changing Nature of Global Gas Projects (Money Morning, 12/14/11)
Charlie Rose discusses the Goldman Sachs Senate hearings with Gretchen Morgenson of “The New York Times”. Also weighing in are William Cohan “The New York Times”, Gillian Tett of the “Financial Times” and Evan Thomas of “Newsweek”. A link to the transcript of the interview follows at the end of the post. Click here or on the image below to view the discussion.
Click here for a transcript of the interview. Source: Charlie Rose, April 27, 2010. More on this topic (What's this?) Goldman Sachs Group Inc. (NYSE: GS) Earnings: How the Mighty Have Fallen… (Money Morning, 1/17/12) 5 Wall Street Banks Finally Slashing Bonuses (Investment Underground » Page n..., 1/11/12) 3 Big Banks Report Earnings: What You Need To Know (Investment Underground » Page n..., 1/20/12) |
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By Prieur du Plessis, on June 29th, 2010 posted in: 
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