Behind the Massive Conspiracy to Rig the Muni Bond Market
If you thought the SEC’s charges against Goldman Sachs poured fuel on an already-raging populace fire, Wall Street’s involvement in a massive bid rigging scandal in the $2.8 trillion municipal bond market will fan the flames even more.
Jimmy Lee: Credit Markets are "Wide Open"
Jimmy Lee, JPMorgan’s legendary dealmaker, just finished up CNBC’s new show, Strategy Session. Not only did he say the credit markets “are wide open,” but up to $10 billion in debt is now available for an LBO, provided it sits on top of about $5 billion in equity and is, of course, the right kind of company.
Call the Close. . . Bull Market Edition
Since we did two of these when the markets were in a tailspin last week, we though it only fair to ask you to guess the close when all early indications point to a big triple digit gain. We’ll see if those fat fingers and high-frequency trading systems have the same impact on the way up. Dow futures were up as much as 400 early this morning. . .we’ll give a shout out to the winner at the end of the day. Ready, Go!
Regulators Focus on Waddell Trade in Market Plunge
We thought Waddell & Reed was swallowed up ages ago by some big bank. But apparently the money management firm is still around. . .and helping to trigger massive slide in the market last week.