Tag Archives: Finance

Wall Street’s Chickens Come Home to Roost

President Obama yesterday fired the first salvo in what is going to be a bruising battle to rein in Wall Street. More than a year after the financial crisis brought the economies of the developed world to its knees, its … Continue reading

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Why is the Financial Industry this Big?

A few months back I wrote about why I thought salaries on Wall Street (and the city of London etc.) were not the big issue. The big one is about the humongous size and growth of the financial industry. Matt … Continue reading

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Investing, My Way

This year saw a sea change in the way I invest. Umm…let me take that back. This year I finally decided to put in place an investment methodology. Something that will hopefully form the basis for the way I invest … Continue reading

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Wall Street Bonuses are Not the Real Issue

This month the biggest Wall Street companies reported their quarterly earnings. JP Morgan Chase and Goldman Sachs reported bumper earnings, Citgroup and Bank of America, not so good. But if you leave out write downs on debt, everyone had a … Continue reading

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Bonuses at AIG – Who Wrote that Compensation Plan?

It’s like everyone was waiting for this. The collective anger of a nation is spewing out. The media, the government and the average citizens are outraged. AIG Financial Products (AIGFP) employees have been getting hate mail. Bloggers are talking about … Continue reading

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Banks and the Dreaded N-Word

What is it about ‘Nationalization’ that makes it such a loaded word in the US? You can spot a politically loaded word if The media gleefully uses [word] in its headlines, the opposition in Congress and interviews. The government refuses … Continue reading

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Expected Bonuses on Wall Street

Bonuses paid to Wall Street were 44% down from last year but still, at $18.4B were the sixth highest in history [official release]. While the state of New York wrung its hands over the lower tax revenues, President Obama called … Continue reading

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