October 1, 2008
Quote of the day comes from an ex- fund manager friend who has -- to his chagrin -- called this credit crisis right at pretty much every step of its awful way. He offered up this movie line to...
Will someone please talk me down off the ledge with respect to Wells Fargo? I don't understand why the bank is being treated with kid gloves through the current credit crisis. Yes, it is better capitalized than its failed mortgage...
The total collapse of the venture-backed IPO market continues: Venture-backed company exits continued to lag in the third quarter of 2008, according to the Exit Poll report by Thomson Reuters and the National Venture Capital Association (NVCA). There was just...
If I read one more mark-to-market screed, I'm going to spit. The gist: An accounting change called FASB 157 pushed companies to mark their balance sheet items to market, and that's generally a good thing. It means that we have...
