For those of you who’ve been missing the CNBC anchor since she parted ways with the network last March, a Christmas miracle: she’ll be joining Bloomberg TV January 9 co-hosting “Street Smart” from 3-5PM, pitting her against former colleague Maria Bartiromo and the “Closing Bell” time slot. In related news, the whereabouts of departed CNBC personality Dennis Kneale are still unaccounted for.
Back in July we learned that a long-held dream was in reach: Lisa Maria Falcone and her singing, swinging, and generally dazzling pig, Wilbur F. Falcone (*the ‘f’ stands for Fucking-fabulous), in our living room, every week. Wall $treet Wives was coming to town. Not too soon after that, said dream was shattered. The preliminary cast for the new reality TV show was announced, and it included neither Lisa nor Wilbur and not even a glimpse of Phil. Instead, we got New Canaan resident Devon Flemming, the wife of a Deutsche Bank wealth manager who, during the crisis, “made a fortune, lost a fortune, and learned valuable lessons through it all,” Melissa Matthes, who is married to a hedge fund manager and teaches religion at Yale Divinity School, Yvonne Evelyn, who is “married to a successful Wall Streeter and is among the few black power couples in finance,” Lisa Najarian, who is married to a Fast Money contributor, a Handelsbanken executive (whose husband is “an unemployed Wall Street financier/Spanish playboy”), a broke and divorced clothing designer, a young Australian married to “a successful young Wall Street financier,” and a real estate agent whose appearance “will add visual interest.” At the time, we expressed our disappointment and put a plea out into the universe that Fleming would at least come with a goat who plays the trombone. That did not happen. Having said that, the show has apparently added a potential je ne sais quoi element to the mix. Read more »
“The only regulation that works is failure”? “I’ll buy you a big breakfast, just not your neighbor’s mortgage”? One measly foot stomp? Come on Ricky. Remember when these things had a hint of authenticity? When you threatened to throw synthetic CDOs into Lake Michigan? When we actually believed you might give yourself a hernia? It’s like you’re not even trying anymore. Short-Sleeves Shirt shouldn’t be laughing, he should be calling the cops. Read more »
According to the Fed, which changed its tune from “exceptionally low levels for the federal funds rate for an extended period” to “exceptionally low levels for the federal funds rate at least through mid-2013.” From the Fed’s statement:
The Committee currently anticipates that economic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013. The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.
Three governors preferred to keep it vague. Read more »
First thing you see on TV, that is, as ARS is replacing Carl Quintanilla on Squawk Box. Apparently the CNBC team searched high and low for the right person to recreate the raw chemistry between the long-running threesome of Joe, Becky and Carl and concluded Sorkin’s the man for the job. Read more »