The White House on Friday expressed confidence in President Barack Obama’s choice to lead the Federal Reserve, Janet Yellen, and called on the Senate not to hold up her confirmation. “We’re very confident that Janet Yellen is absolutely the right candidate for the job,” White House spokesman Jay Carney said at a briefing. [Reuters]

He thought the same thing! Read more »

  • 31 Jul 2013 at 6:26 PM

SAC Capital Better Than Okay In Gary Cohn’s Book

Goldman Sachs President Gary Cohn said his firm continues to do business with SAC Capital Advisors LP, the hedge fund that was indicted on charges of insider trading last week. “They’re an important client to us, they have been an important client to us,” Cohn, 52, said today in an interview on CNBC. “We continue to trade with them, and they’re a great counterparty.” [Bloomberg]

  • 23 Feb 2012 at 12:57 PM

Warren Buffett Is A Huge Fan Of The Buffett Rule

The Oracle of Omaha has given the eponymous piece of legislation two thumbs up. Read more »

  • 19 Dec 2011 at 4:53 PM

That’s Your Big Pump Up Speech?

Bank of America Corp., the second- biggest U.S. lender, fell below $5 in New York trading for the first time since March 2009 amid concern that Europe’s debt crisis will be a drag on the world’s financial system…With most companies that have dropped to those levels, “it is usually some fundamental problem with the business model and it may go to zero, but I think Bank of America is very different from your typical small failing company,” Angel said. [Bloomberg]

This is according to one of his best buds. Read more »

  • 08 Jul 2011 at 11:56 AM

Jamie Dimon’s Annual Letters Are A Huge Hit In Omaha

“Jamie Dimon is a fabulous banker, and probably writes the best annual report in America,” Warren Buffett said in an interview. “I grab his report when it comes in and my friends do, too.” [Bloomberg TV]