BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Lehman Used 'Alter Ego' Firm to Shift Risk]]>http://www.bloggingstocks.com/2010/04/13/lehman-used-alter-ego-firm-to-shift-risk/http://www.bloggingstocks.com/2010/04/13/lehman-used-alter-ego-firm-to-shift-risk/http://www.bloggingstocks.com/2010/04/13/lehman-used-alter-ego-firm-to-shift-risk/#commentsFiled under:

In the years before its collapse, Lehman Brothers used a small company, an 'alter ego,' to shift investments off its books, The New York Times (NYT) reported Tuesday.

The 'alter ego' or sidecar company, called Hudson Castle, was extensively connected to Lehman's business, its board was controlled by Lehman, and former Lehman employees were employed there -- but none of the above was disclosed by Lehman.

Certain Lehman transactions with Hudson were "materially misleading" according to a U.S. Securities and Exchange Commission report, The Times reported.

Continue reading Lehman Used 'Alter Ego' Firm to Shift Risk

Lehman Used 'Alter Ego' Firm to Shift Risk originally appeared on BloggingStocks on Tue, 13 Apr 2010 15:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Hudson CastleinthenewsLehman BrothersTue, 13 Apr 2010 15:20:00 EST<![CDATA[Former Lehman CFO Leaves Credit Suisse]]>http://www.bloggingstocks.com/2010/02/26/former-lehman-cfo-pushed-out-of-credit-suisse/http://www.bloggingstocks.com/2010/02/26/former-lehman-cfo-pushed-out-of-credit-suisse/http://www.bloggingstocks.com/2010/02/26/former-lehman-cfo-pushed-out-of-credit-suisse/#commentsFiled under: , ,

For a long time, Erin Callan was considered one of the most powerful women on Wall Street.

Somehow, a controversial stint as CFO of Lehman Bros. shortly before its collapse hasn't helped that status. After being pushed out of Lehman, she joined Credit Suisse, but in February of 2009, five months after joining, she went on a leave of absence for unspecifiied personal reasons.

Continue reading Former Lehman CFO Leaves Credit Suisse

Former Lehman CFO Leaves Credit Suisse originally appeared on BloggingStocks on Fri, 26 Feb 2010 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bankruptcyCredit SuisseErin CallanErinCallaninthenewsLehman BrothersFri, 26 Feb 2010 10:00:00 EST<![CDATA[Financial Crisis Didn't Push Bankers from Industry, LinkedIn Reports]]>http://www.bloggingstocks.com/2010/02/21/financial-crisis-didn-t-push-bankers-from-industry-linkedin-rep/http://www.bloggingstocks.com/2010/02/21/financial-crisis-didn-t-push-bankers-from-industry-linkedin-rep/http://www.bloggingstocks.com/2010/02/21/financial-crisis-didn-t-push-bankers-from-industry-linkedin-rep/#commentsFiled under: , , , , ,

The financial crisis, employment market and social media explosion have converged, providing a new level of clarity into what is happening in the world around us. Where was ground zero for this financial catastrophe? Well, according to the LinkedIn blog, five companies have shown the most action: Barclays (BCS), Credit Suisse (CS), Citigroup (C), Bank of America (BAC) and JPMorgan Chase (JPM). Interestingly, Goldman Sachs (GS), among the biggest winners now that we're pulling out from the recession, didn't see as much play.

Continue reading Financial Crisis Didn't Push Bankers from Industry, LinkedIn Reports

Financial Crisis Didn't Push Bankers from Industry, LinkedIn Reports originally appeared on BloggingStocks on Sun, 21 Feb 2010 15:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bacBank of AmericaBarclaysbcscitigroupcredit suisseCreditSuissecsfinancial crisisfinancial servicesGoldman Sachs Groupinthenewsinvestment bankersinvestment bankinginvestment banksjp morgan chaseJPMJpMorganLehman BrotherslinkedinLinkedIn.commerrill lynchNomurasocial mediasocial networksocial networking sitessocial networksunemploymentSun, 21 Feb 2010 15:10:00 EST<![CDATA[Five Reasons to Watch Art Stocks in 2010]]>http://www.bloggingstocks.com/2010/02/13/five-reasons-to-watch-art-stocks-in-2010/http://www.bloggingstocks.com/2010/02/13/five-reasons-to-watch-art-stocks-in-2010/http://www.bloggingstocks.com/2010/02/13/five-reasons-to-watch-art-stocks-in-2010/#commentsFiled under: , ,

The art market spent a year and a half circling the drain. Signs of life at the end of 2009, however, have become a reality, with recent auctions at Sotheby's (BID) and Christie's (CRUPF) exceeding expectations and showing triple-digit growth from comparable auctions last year.

Overall, art prices last year were off around 50%, with the contemporary art sector suffering even more severe declines of up to 70%. With prices this low and a recovery taking shape, it's time for investors to get in, and it looks like we'll see an art rally this year.

Continue reading Five Reasons to Watch Art Stocks in 2010

Five Reasons to Watch Art Stocks in 2010 originally appeared on BloggingStocks on Sat, 13 Feb 2010 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGamerican international groupartart auctionart marketauctionauction-houseauctionsbidChristiescontemporary artdamien hirstinthenewsLehman BrothersSothebysothebysyves kleinSat, 13 Feb 2010 13:20:00 EST<![CDATA[Former Lehman Executive Calls for Ouster of High School Teacher]]>http://www.bloggingstocks.com/2010/02/01/former-lehman-executive-calls-for-ouster-of-high-school-teacher/http://www.bloggingstocks.com/2010/02/01/former-lehman-executive-calls-for-ouster-of-high-school-teacher/http://www.bloggingstocks.com/2010/02/01/former-lehman-executive-calls-for-ouster-of-high-school-teacher/#commentsFiled under: ,

The following story is overflowing with irony. The reason is partly because of one man's lack of irony: Hugh "Skip" McGee, the former head of investment banking at Lehman Brothers, sent a five-page screed to the board of trustees at his son's private Texas high school after a teacher referred to bankers as "sleazeballs". DealBreaker has published the letter in its entirety. If you have a lot of time on your hands, read and look for Skip's complaints about the lack of cross-dressing at the pep rally, among other things.

His demands? The teacher, the upper school principal, and the headmaster should all resign over the injustice. That's right: a former executive at Lehman Bros. is demanding accountability.

Continue reading Former Lehman Executive Calls for Ouster of High School Teacher

Former Lehman Executive Calls for Ouster of High School Teacher originally appeared on BloggingStocks on Mon, 01 Feb 2010 10:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Hugh McGeeHughMcgeelehman brothersLehmanBrothersMon, 01 Feb 2010 10:50:00 EST<![CDATA[Retailers Post Solid December, but Consumer Still Strapped]]>http://www.bloggingstocks.com/2010/01/08/retailers-post-solid-december-but-consumer-still-strapped/http://www.bloggingstocks.com/2010/01/08/retailers-post-solid-december-but-consumer-still-strapped/http://www.bloggingstocks.com/2010/01/08/retailers-post-solid-december-but-consumer-still-strapped/#commentsFiled under: , , , , ,

Retailers appear to have been rescued at the last minute, according to data from the International Council of Shopping Centers. Shoppers looking for deals the week before Christmas -- and making up for the day lost to stormy weather on the East Coast -- spent aggressively, sparing the retail sector a dismal 2008-like performance.

The healthy conclusion to the holiday season led to a positive change from November and made December one of only three months (including September and October) in which retail sales increased year-over-year.

Continue reading Retailers Post Solid December, but Consumer Still Strapped

Retailers Post Solid December, but Consumer Still Strapped originally appeared on BloggingStocks on Fri, 08 Jan 2010 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGAmazon Kindleamerican international groupamznbarnes and noblebkschristmas shoppingcostcostcocostco wholesalee-readersfeaturedHoliday seasonholiday shoppingICSCInternational Council of Shopping CentersinthenewskohlsLehman Bros.Lehman Brotherslimited brandsltdluxury retail stocksluxury retailingmacysnookretail salesretail sectorretail stocksretailerssaksSaks Fifth AvenuesksTarget Corp.Target StoresTGTtjx companiesTJX Coswal-martWal-Mart StoresWalmartwmtFri, 08 Jan 2010 10:20:00 EST<![CDATA[2009 Unemployment Ends with Double Digits, Consequences Still to Come]]>http://www.bloggingstocks.com/2010/01/02/2009-unemployment-ends-with-double-digits-consequences-still-to/http://www.bloggingstocks.com/2010/01/02/2009-unemployment-ends-with-double-digits-consequences-still-to/http://www.bloggingstocks.com/2010/01/02/2009-unemployment-ends-with-double-digits-consequences-still-to/#commentsFiled under: , , , ,

More than 20 million people received unemployment benefits last year, a new record. While they didn't all do it at the same time, the activity was enough to run the unemployment rate up to 10%, leaving everyone with the belief hope that 2010 just has to be better.

The severity that has characterized the job market since the woes of American International Group (AIG) and Lehman Brothers made headlines in September 2008 eased up a bit as 2009 marched toward its conclusion. The layoffs slowed down a bit, but a dearth of hiring means that we aren't seeing a pickup for the 5.8 million who've been out of work for more than six months ... let alone everyone else.

Continue reading 2009 Unemployment Ends with Double Digits, Consequences Still to Come

2009 Unemployment Ends with Double Digits, Consequences Still to Come originally appeared on BloggingStocks on Sat, 02 Jan 2010 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGamerican international groupDepartment of Laboreconomic recoveryeconomyemploymenthiringinthenewsjob marketLabor DepartmentLehman Brothersrecoveryunemploymentunemployment rateSat, 02 Jan 2010 10:00:00 EST<![CDATA[Private equity returns off 24% but still ahead of the broader market]]>http://www.bloggingstocks.com/2009/12/12/private-equity-returns-off-24-but-still-ahead-of-the-broader-ma/http://www.bloggingstocks.com/2009/12/12/private-equity-returns-off-24-but-still-ahead-of-the-broader-ma/http://www.bloggingstocks.com/2009/12/12/private-equity-returns-off-24-but-still-ahead-of-the-broader-ma/#commentsFiled under: , , ,

The private equity market was hit hard by the financial crisis last year, but it's already on the road to recovery, according to a new report by Preqin (pdf).

From the first quarter to the second, this year, increasing returns and valuations have given investors a reason to hope, even though the industry's average return is down 24.1% for the 12-month period ending June 30, 2009. The negative return still outpaced the S&P 500, MSCI Europe and MSCI Emerging Markets indexes, the alternative investment research firm says, which returned -26.2%, -34.1% and -27.8%, respectively -- and the 12-month average improved from -30% for the year-long period ending March 31, 2009.

Continue reading Private equity returns off 24% but still ahead of the broader market

Private equity returns off 24% but still ahead of the broader market originally appeared on BloggingStocks on Sat, 12 Dec 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGAlternative investmentsamerican international groupbuyout financingbuyout fundsbuyoutsfinancial crisisFund of fundsinthenewsLehman Brothersmezzanine debtMSCI Emerging Markets IndexPreqinprivate equitys and p 500standard and poorsventure capitalventure capitalistsSat, 12 Dec 2009 13:20:00 EST<![CDATA[Former Lehman CEO Dick Fuld wants to help small businesses?]]>http://www.bloggingstocks.com/2009/12/09/former-lehman-ceo-dick-fuld-wants-to-help-small-businesses/http://www.bloggingstocks.com/2009/12/09/former-lehman-ceo-dick-fuld-wants-to-help-small-businesses/http://www.bloggingstocks.com/2009/12/09/former-lehman-ceo-dick-fuld-wants-to-help-small-businesses/#commentsFiled under: ,

Proving that it's never too late to try to get into heaven, 63-year-old former Lehman Brothers CEO Richard Fuld is reportedly trying to raise funds to lend money to small businesses.

The New York Post reports that "Sources tell The Post that the usually gruff Fuld is trying to raise funds from private equity and other investors that would provide aid to small businesses seen as 'growth companies.' The aid would be provided by using his Rolodex of market contacts to help firms raise capital or by providing financing, people familiar with the matter said."

Continue reading Former Lehman CEO Dick Fuld wants to help small businesses?

Former Lehman CEO Dick Fuld wants to help small businesses? originally appeared on BloggingStocks on Wed, 09 Dec 2009 12:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Dick FuldinthenewsLehman BrothersMatrix Advisorsprivate equityWed, 09 Dec 2009 12:10:00 EST<![CDATA[BIDding down for Sotheby's, but high hopes for Q4]]>http://www.bloggingstocks.com/2009/11/06/bidding-down-for-sothebys-but-high-hopes-for-q4/http://www.bloggingstocks.com/2009/11/06/bidding-down-for-sothebys-but-high-hopes-for-q4/http://www.bloggingstocks.com/2009/11/06/bidding-down-for-sothebys-but-high-hopes-for-q4/#commentsFiled under: , ,

Sotheby's (NYSE: BID) had a great night this week, tripling the performance of competitor Christie's (OTC: CRUPF). But, it didn't come soon enough to help the company's third quarter results.

The auction house suffered from the art market slump that was exacerbated by the global financial crisis, posting a net loss of $57.8 million (89 cents a share). This is worse than the $47 million loss (73 cents a share) it delivered a year earlier. Three analysts that Bloomberg surveyed expected a loss of 29 cents a share. Revenue was off 41% to $44.9 million for the quarter.

Continue reading BIDding down for Sotheby's, but high hopes for Q4

BIDding down for Sotheby's, but high hopes for Q4 originally appeared on BloggingStocks on Fri, 06 Nov 2009 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>art auctionsart marketartworkauctionsbidchristiesconde nastinthenewslarry gagosianlehman brothersroman abramovichroy lichtensteinsi newhousesothebysFri, 06 Nov 2009 12:40:00 EST<![CDATA[Buffett's star shines brightest among world's financial gurus, poll shows]]>http://www.bloggingstocks.com/2009/10/29/buffetts-star-shines-brightest-among-worlds-financial-gurus-p/http://www.bloggingstocks.com/2009/10/29/buffetts-star-shines-brightest-among-worlds-financial-gurus-p/http://www.bloggingstocks.com/2009/10/29/buffetts-star-shines-brightest-among-worlds-financial-gurus-p/#commentsFiled under: , , , , , ,

The housing bubble and subsequent "Great Recession" have tarnished the stars of a good many of the world's financial wizards, such as the former heads at Lehman Bros. and Merrill Lynch. But one respected image remains -- perhaps unsurprisingly -- on top: Warren Buffett, chairman and CEO at Berkshire Hathaway Inc. (NYSE: BRK.A).

That's according to a recent quarterly poll of investors, traders, and analysts who subscribe to Bloomberg terminals, those somewhat cryptic news and data computers that are ubiquitous on Wall Street. Buffett, who received favorable nods from 25% of those participating in the poll, walked away with a plurality of the vote, Bloomberg News reported.

Continue reading Buffett's star shines brightest among world's financial gurus, poll shows

Buffett's star shines brightest among world's financial gurus, poll shows originally appeared on BloggingStocks on Thu, 29 Oct 2009 12:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>banking crisisbarack obamaBerkshire Hathawaybill grossBRK.AConocoPhillipsCOPfeaturedfinancial crisisGEgeicogeithnerGeneral ElectricGoldman SachsGSinthenewslawrence summerslehman brothersnatural gasoilOracle of Omahapacific investment management companywarren buffettThu, 29 Oct 2009 12:50:00 EST<![CDATA[Barney Frank's plan for regulating derivatives comes up short]]>http://www.bloggingstocks.com/2009/10/03/barney-franks-plan-for-regulating-derivatives-comes-up-short/http://www.bloggingstocks.com/2009/10/03/barney-franks-plan-for-regulating-derivatives-comes-up-short/http://www.bloggingstocks.com/2009/10/03/barney-franks-plan-for-regulating-derivatives-comes-up-short/#commentsFiled under: ,

House Financial Services Committee Chairman Barney Frank has a new proposal to regulate bank transactions. Some of it is OK and some of it perpetuates the abuses that brought Lehman and other financial institutions to their knees.

First the OK part. Frank's proposal would require over-the-counter derivatives to be traded on listed exchanges and sold on exchanges or processed through a regulation platform. This is not good enough. We need transparency for each and every trade done by each and every financial institution. That means that all trades must be done on a listed exchange and cleared through a clearinghouse. All of this data can be put on computers and monitored daily. Then if some trader goes beyond established guidelines, he will be shut down immediately.

Continue reading Barney Frank's plan for regulating derivatives comes up short

Barney Frank's plan for regulating derivatives comes up short originally appeared on BloggingStocks on Sat, 03 Oct 2009 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank reformbank regulationBarney FrankderivativesinthenewsLehman Brothersnaked short sellingSat, 03 Oct 2009 12:20:00 EST<![CDATA[Lehman Brothers wants money back from Barclays]]>http://www.bloggingstocks.com/2009/09/16/lehman-brothers-wants-money-back-from-barclays/http://www.bloggingstocks.com/2009/09/16/lehman-brothers-wants-money-back-from-barclays/http://www.bloggingstocks.com/2009/09/16/lehman-brothers-wants-money-back-from-barclays/#commentsFiled under: ,

Late Tuesday -- on the one-year anniversary of its bankruptcy filing -- Lehman Brothers accused Barclays Capital (NYSE: BCS) of taking $8.2 billion more than it should have when it purchased some of its key assets a year ago. Less than a week after Lehman filed for bankruptcy, the court approved of the sale to Barclays. Now Lehman is asking a judge to force Barclays to return some of the money taken as part of the deal, including $5 billion it says was given as extra collateral, which was not disclosed to the court.

Interesting timing and an interesting claim, don't you think? The timing is interesting because it is a year after the bankruptcy filing, which sounds like more than just a coincidence. But what is truly interesting is the fact that Lehman is trying to get quite a bit of money back by making a claim that was not disclosed to the court.

Continue reading Lehman Brothers wants money back from Barclays

Lehman Brothers wants money back from Barclays originally appeared on BloggingStocks on Wed, 16 Sep 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Barclaysbcsfinancial crisisfinancial meltdownFinancialCrisisFinancialMeltdowninthenewsLehman BrothersLehmanBrothersmoney grabbingMoneyGrabbingWed, 16 Sep 2009 09:30:00 EST<![CDATA[Cramer on BloggingStocks: Worse after Lehman? Are you kidding me? ]]>http://www.bloggingstocks.com/2009/09/14/cramer-on-bloggingstocks-worse-after-lehman-are-you-kidding-me/http://www.bloggingstocks.com/2009/09/14/cramer-on-bloggingstocks-worse-after-lehman-are-you-kidding-me/http://www.bloggingstocks.com/2009/09/14/cramer-on-bloggingstocks-worse-after-lehman-are-you-kidding-me/#commentsFiled under: , , , , , , , , , ,

TheStreet.com's Jim Cramer says everyone in the trenches knows we're better off now -- only the academics disagree.

Am I nuts, or am I missing something? One year after the financial system was brought to its knees, we are back in the mid-9000s and we have taken off the table massive bank risk and are well on our way to recovery.

I keep listening to people like Nobel Prize winner Joseph Stiglitz say the banking system is worse off now and I say to myself, "That's just stupid and wrong and anti-empirical and actually just silly." Anyone who knows what's really going on has to feel this way. And where was Stiglitz when some of us were running around trying to save things?

Continue reading Cramer on BloggingStocks: Worse after Lehman? Are you kidding me?

Cramer on BloggingStocks: Worse after Lehman? Are you kidding me? originally appeared on BloggingStocks on Mon, 14 Sep 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>corsfeaturedfitbfrehbanjim cramerJimCramerlehman brothersLehmanBrotherszionMon, 14 Sep 2009 10:00:00 EST<![CDATA[Former Lehman CEO is unhappy with book on company's collapse]]>http://www.bloggingstocks.com/2009/09/08/former-lehman-ceo-is-unhappy-with-book-on-companys-collapse/http://www.bloggingstocks.com/2009/09/08/former-lehman-ceo-is-unhappy-with-book-on-companys-collapse/http://www.bloggingstocks.com/2009/09/08/former-lehman-ceo-is-unhappy-with-book-on-companys-collapse/#commentsFiled under: ,

The New York Post reports that former Lehman Brothers CEO Richard Fuld "was so perturbed over the contents of a book on the demise of his beloved bank that he angrily phoned up a pair of traders he believed helped secretly contribute to the account of Lehman's stunning collapse last September."

The book in question is Lawrence McDonald's A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers, a former executives view of what went wrong at Lehman. Fuld called up former traders Michael Gelband and Alex Kirk and accused them of helping McDonald with background for the book.

Continue reading Former Lehman CEO is unhappy with book on company's collapse

Former Lehman CEO is unhappy with book on company's collapse originally appeared on BloggingStocks on Tue, 08 Sep 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Alex KirkinthenewsLawrence McDonaldLehman BrothersMichael GelbandRichard FuldTue, 08 Sep 2009 13:20:00 EST<![CDATA[Federal court order forces Fed to release details of $2 trillion dollar bailouts]]>http://www.bloggingstocks.com/2009/08/26/federal-court-order-forces-fed-to-release-details-of-2-trillion/http://www.bloggingstocks.com/2009/08/26/federal-court-order-forces-fed-to-release-details-of-2-trillion/http://www.bloggingstocks.com/2009/08/26/federal-court-order-forces-fed-to-release-details-of-2-trillion/#commentsFiled under: , , ,

August 25, 2009. Ben Bernanke is nominated to serve a second term as Federal Reserve Chairman.

August 25, 2009. Ben Bernanke and the Fed are ordered by a federal court to disclose details of their bailout transactions during the financial meltdown last year.

Two reporters from Bloomberg News filed suit in federal court under the Freedom of Information Act and won a case that "ruled against the U.S. Federal Reserve's attempt to block disclosure of companies that participated in and securities covered by a series of emergency financial programs as the global credit crisis began to intensify."

Continue reading Federal court order forces Fed to release details of $2 trillion dollar bailouts

Federal court order forces Fed to release details of $2 trillion dollar bailouts originally appeared on BloggingStocks on Wed, 26 Aug 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGbailoutsBear StearnsBen BernankeFederal ReserveinthenewsLehman BrothersMerrill LynchWed, 26 Aug 2009 12:00:00 EST<![CDATA[Will American International Group have to pay Lehman millions?]]>http://www.bloggingstocks.com/2009/08/12/will-american-international-group-have-to-pay-lehman-millions/http://www.bloggingstocks.com/2009/08/12/will-american-international-group-have-to-pay-lehman-millions/http://www.bloggingstocks.com/2009/08/12/will-american-international-group-have-to-pay-lehman-millions/#commentsFiled under: , ,

Luckily for American International Group Inc. (NYSE: AIG), the embattled insurer has agreed to sell its AIG Finance unit to China Construction Bank for $70 million in cash. This news is helping to offset some distinctly less bullish developments for AIG today.

Specifically, Patrick Fitzgerald of Dow Jones Bankruptcy Review reports that Lehman Brothers Holdings (LEHMQ) is asking a bankruptcy judge to force AIG to pony up millions of dollars it owes Lehman for credit default swaps.

Continue reading Will American International Group have to pay Lehman millions?

Will American International Group have to pay Lehman millions? originally appeared on BloggingStocks on Wed, 12 Aug 2009 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGAIG FinanceAmerican International Groupbankruptcy courtcredit default swapsinthenewsLehman BrothersLEHMQshort sellersshort squeezetechnical analysisWed, 12 Aug 2009 13:00:00 EST<![CDATA[SEC plans for increased subpoena power]]>http://www.bloggingstocks.com/2009/08/06/sec-plans-for-increased-subpoena-power/http://www.bloggingstocks.com/2009/08/06/sec-plans-for-increased-subpoena-power/http://www.bloggingstocks.com/2009/08/06/sec-plans-for-increased-subpoena-power/#commentsFiled under: , ,

The Securities and Exchange Commission has a new point man to head up the compliance division of the agency. His name is Robert Khuzami. Mr. Khuzami is former federal prosecutor.

Mr. Khuzami wants to use subpoena powers to gain cooperation with the SEC in fraud and all kinds of trading schemes and violations. The subpoena power would be given to staff investigators. This is a marked change from the previous policy, which required the Commission to grant subpoenas. Other changes would include plans to submit more immunity requests to the Justice Department.

Continue reading SEC plans for increased subpoena power

SEC plans for increased subpoena power originally appeared on BloggingStocks on Thu, 06 Aug 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsLehman Brothersnaked short sellingRobert KhuzamiSECsubpoena powerThu, 06 Aug 2009 14:00:00 EST<![CDATA[Lehman corpse squabbles over pens and golf balls]]>http://www.bloggingstocks.com/2009/03/23/lehman-corpse-squabbles-over-pens-and-golf-balls/http://www.bloggingstocks.com/2009/03/23/lehman-corpse-squabbles-over-pens-and-golf-balls/http://www.bloggingstocks.com/2009/03/23/lehman-corpse-squabbles-over-pens-and-golf-balls/#commentsFiled under:

O, how the mighty have fallen.

A year ago, Lehman Bros. was one of the top investment banks in the country, near the head of the list of dream companies among graduates from the best business schools, paying out billions in bonuses and sending employees on lavish vacations.

Now Lehman has been reduced to litigating over the knickknacks it used to give away at conferences. Bloomberg reports that "Lehman Brothers Holdings Inc. has negotiated the return of thousands of Lehman-logoed knickknacks that were mistakenly transferred to Barclays Plc through the sale of the bankrupt securities firm's brokerage unit. Tote bags, umbrellas, stress balls, Tiffany paperweights and other items now stored in closets and warehouses from New York to Chicago will be returned to Lehman and sold to pay creditors, according to a court filing on March 19."

Items currently being stored include:
  • 1,630 green canvas duffle bags with Lehman ribbon
  • 353 green compact golf umbrellas
  • 75 Waterford Marquis Treviso crystal clocks
  • 682 white Lehman coffee mugs
  • 130 Swiss Army pens
  • English beechwood-lined sterling silver box from 1902
  • 200 Lehman conference pens
  • 12 pairs of Links of London cufflinks
  • 24 Screwpull wine openers inscribed "LB"
  • 24 Titleist PRO VI golf balls inscribed "LB"
  • 30 girl Teddy Bears
  • 18 large, ivory womens' F&G stretch snap shirts
  • 1 Tiffany shooting star
In limited quantities, the items probably have marginal value as collectibles on eBay -- Enron memorabilia is still regularly available on eBay, generally at prices very comparable to what the same item would cost without the logo. But given the large quantities, the merchandise would probably have to be sold at a discount to its replacement value.

I say we offer this pile of crap to AIG executives in lieu of cash bonuses.

Lehman corpse squabbles over pens and golf balls originally appeared on BloggingStocks on Mon, 23 Mar 2009 15:25:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>lehman brothersLehmanBrothersMon, 23 Mar 2009 15:25:00 EST<![CDATA[Lehman to dump VC arm]]>http://www.bloggingstocks.com/2009/02/24/lehman-to-dump-vc-arm/http://www.bloggingstocks.com/2009/02/24/lehman-to-dump-vc-arm/http://www.bloggingstocks.com/2009/02/24/lehman-to-dump-vc-arm/#commentsFiled under:

It's a massive undertaking - that is, the liquidation of Lehman Brothers Holdings Inc. Over a hundred years, the company has assembled a wide assortment of global assets and investments. Although, as the firm tries to unload these - in a harsh environment - there are likely to be some lucky buyers.

And, according to a piece in the Wall Street Journal (subscription only), it looks like Lehman is in the process of spinning off its VC arm, which has about $750 million in assets.

Continue reading Lehman to dump VC arm

Lehman to dump VC arm originally appeared on BloggingStocks on Tue, 24 Feb 2009 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Lehman BrothersLehmanBrothersliquidationVenture CapitalVentureCapitalTue, 24 Feb 2009 13:30:00 EST