Ticonderoga Securities

  • 14 Feb 2012 at 2:30 PM
  • Banks

The Volcker Rule Will Come Too Late For Kaufman Bros.

If you’re a more or less regular consumer of efficient markets hypothesis Kool-Aid then a fun activity is to handicap the probability of various public policy things based on market reaction.* So for instance Obama’s budget is going to reduce the tax deductibility of munis! And the muni market didn’t care! So, no, Obama is not going to reduce the tax deductibility of munis. You heard it here first, or last, or whatever. (Exercise for the reader: is Obama going to raise the tax rate on dividends?)

Since today seems to be Volcker Day hangover it’s worth pondering this: Read more »

  • 24 Jan 2012 at 2:07 PM

Ticonderoga Securities To Close Up Shop

According to Bloomberg, the brokerage “will halt operations after an attempt to boost capital fell through” and close by the end of the week.