HSBC And Barclays Report Profits (NYT)
HSBC's number's sagged pathetically in the first half of the year, showing a net of $3.3B compared to $7.7B from last year. Barclays fared somewhat better (though, notably, they've sold off nearly everything they own) having returned $3.5B over the first half.
Fed Plays Crucial "Phase 2" Role In Money Making On Wall (FT)
There's concern over whether the Fed is being made to buy securities at an inflated price, and whether or not some firms are capitalizing on the inefficiencies of the Government and intervention in general. The answer is obviously no; I mean it would be ridiculous for anyone to seek to profit off the Fed (or the US Government in general) and their lackadaisical approach to finance.
Roubini Has Commodity Prices Rising In 2010 (Bloomberg)
Looking to make the most obvious call possible Roubini has decided to jump on the "inflation for 2010" bandwagon. Be careful, little ones, the chief prognosticator has it that commodities could see a bump in days to come.
Citadel Moving To Become A Market Maker (WSJ)
Griffen & Co is looking to become a primary dealer in some EU government bonds, which would make theirs the first fund to do so.
Catholic Church Invests In Sin (BBC)
The Catholic Church, still reeling from having its ass handed to it by a certain dealbreaker editor, has apparently been heavily invested in some of our favorite nouns: firearms, birth control, and tobacco.
UBS Not Fined In US Tax Settlement (Reuters)
UBS is releasing the data but keeping their cash in an exchange that will surely strengthen US ties internationally, and force evil evaders out into the light of public.
Goldman Suffering From Waning Reputation (FT)
""Goldman Sachs still has that Gordon Gekko look to it among the general public," said Anne Rivers, who oversaw the survey, referring to the villain of the 1987 film Wall Street."
Posted by guest , Aug 03, 2009 7:45AM
Furrrrst bitches #3 eats my ass and #6 licks my shaft!
Posted by guest , Aug 03, 2009 8:00AM
did no one find out anything about the bull rider
Posted by wcburrs87 , Aug 03, 2009 8:09AM
@2 - still Treasury Secretary last I heard, not out of a job yet.
Posted by guest , Aug 03, 2009 8:31AM
tragedy:
http://nymag.com/news/features/58193/
"Exit the Czar"
"It’s unlikely Rattner will return to Wall Street. Quadrangle is happy not to have him back—the firm wants to be clear of the scandal that’s attached to his name. And at any rate, Rattner has little interest in returning. He’s told friends that, after his Washington adventures, banking has lost its excitement. He’d loved Washington, the high stakes, the public service, the whole heady drama. “There are not many people who spend as much time with the president in four years as I spent in six months,” he told one friend recently. And he liked the person he’d become there, no longer the cool hypercareerist who had won the game in New York. He’d like to go back—if only Washington will have him. "
Posted by guest , Aug 03, 2009 8:52AM
@1 your first isn't that good. You got your comment in at 7:45am...15mins after this was posted. Get your comment in within 2mins of a blog post and respect will be yours.
Posted by Formerly FEPWJ , Aug 03, 2009 8:56AM
Alright seriously, anyone have any news on analyst numbers? People need to give me a benchmark here....
Posted by guest , Aug 03, 2009 8:56AM
@1 and @ 5. Go back to Perezhilton.com. You're ruining this site.
Posted by Seaman Bodine II , Aug 03, 2009 8:56AM
Rattner is a douche. Having massangilled many a time with Quadrangle over the years, I can honestly say he's a perfect future candidate for the Dems. Shady past, ill-gotten wealth, self-aggrandizing schtick, and a complete pillow biter.
Posted by guest , Aug 03, 2009 9:11AM
@6
a shiny new financial calculator and a pre-release of the upcoming version of excel.
Posted by guest , Aug 03, 2009 9:22AM
Good morning,
I look forward to our time together today!
Chris Theoharis
Posted by guest , Aug 03, 2009 9:30AM
GG="villain"?
Posted by guest , Aug 03, 2009 9:32AM
@7
don't you cry tonight