April 3, 2008
NY Fed chief Timothy Geithner gave the most succinct explanation of what has happened in the banking industry of late. Read it twice. Or three times. As many as it takes. It is important to understand that investment banks now...
Quote of the day goes to JPMorgan CEO Jamie Dimon today talking about the original $2 price he offered for Bear Stearns: The price didn't have anything to do with the value of the company. Precisely. And you have to...
Eye-popping traffic stats from Matt Drudge's Drudge Report in the just-completed March period. THANKS FOR MAKING MARCH '08 THE BIGGEST MONTH IN THE DRUDGEREPORT'S 13 YEAR HISTORY! MAIN PAGE LOADED 590,943,577 TIMES... TOPS MARCH 2007'S 425,371,511... TOPS MARCH 2006'S 287,443,312...
The shorter Jamie Dimon from part two of today's Senate hearing on the JPMorgan takeunder of Bear Stearns: You people asked us to do this, so don't blame us. It was better for you than for us, because we saved...
I've been pining for a better stock screener since Reuters shut down theirs and ruined 2007 for me. Okay, I exaggerate a little, but I was distressed. Now, however, we have Google Stock Screener. And my first reaction? I like...
In case people can't tell, I'm traveling and in meetings today. It's one of those days that Paul doesn't scale very well. Be nice to yourselves and to the market, etc....
While we haven't solved the Case of the Missing Oil yet, I do have an update, courtesy of a reader. Here is a recent Bloomberg screenshot showing it covering all bases, in a single headline screen attributing oil's prices change...
