Leon Cooperman Wants Those Private Equity Rascals To Knock It Off With The Nonsense
The Coop thinks that these PE guys are living it up on all of this artificially cheap money, totally unlike the public market guys.
Gary Cohn Tells The BBC That Donald Trump Isn't Not A Racist So Now There Are More Tariffs
The Big Grundle is still not helping.
Donald Trump Seeks To Make Peter Navarro Appear Like An Actual Economist By Nominating Stephen Moore To The Fed
A plan so crazy, it might just work. [It won't work.]
The Washington Nationals Have A New Plan To Monetize A Terrible Team
It's gonna be long and oddly expensive season for Nats fans.
Jeff Gundlach: Junk Bond ‘Geniuses’ Just Lucky As Hell, Won’t Stay That Way
Also he’s a teensy bit worried about some things this year.
Prospective Post-Trump Cabinet Secretaries Weighing In On Facebook
Mark Zuckerberg is not gonna wanna hear this.
Guy Currently Banned From Running A Hedge Fund Thinks Hedge Funds Are Terrible
Phil Falcone's got something to say.
Save For The Fact That Its Reporters Are Just Ghostwriters For The Financial Services Industry, The WSJ Is Great: Michael Lewis
The author has some thoughts on the caliber of the work being done at the paper.
Deutshe Bank CEO Isn't Gonna Apologize For Slashing Bonuses To Zero, Which He Still Thinks Is Too High
In case there was any confusion about how this bonus season is going to pan out.
Ex-Wells Fargo CEO Has A Message For BofA Shareholders: Y'All Don't Know Sh*t
He wants investors to leave Brian Moynihan alone and he's not asking, he's telling.
Don't Talk To Jamie Dimon About Income Inequality When Everyone In The Middle Class Is Taking Pix On An iPhone 6
Twenty years ago they would've been using flip-phones. Life is great. Case closed.
Ray Dalio's Not Saying A Rate Increase Would Be The Biggest Mistake Of Janet Yellen's Life, He's Just Saying: A Rate Increase Would Be The Biggest Mistake Of Janet Yellen's Life
While an economist at Citigroup says screw the haters, go for it Big J.
Herbalife Doesn't Think That It's Exaggerating At All When It Says Bill Ackman Is The Antichrist
The hedge fund manager and the diet shakes 'n supplements company are still not yet seeing eye to eye.
Preet Bharara This Close To Being Held In Contempt Every Time He Steps Foot In A Courtroom
His relationship with judges could be better right now.
Lloyd Blankfein Basically Told Warren Buffett To Suck It
Paraphrasing, but only slightly.
Carl Icahn Still Thinks Bill Ackman Is A Bum, But That's Just, Like, His Opinion
There are many people in the universe who are fans of hedge fund manager Bill Ackman. They like his style. His charm. The way he makes them feel. The fact that he's not afraid to show his emotions or give them an honest opinion about their new dress or say "You know what? Those highlights really aren't working for you." Carl Icahn, however, is not one of those people. Save for a fleeting moment of supposed amicability following "a lengthy, boozy dinner," Icahn has viewed Ackman as a punk for nearly a decade; an untrustworthy little jerk who Ichan's friends supposedly told him not to do business with. (The feeling being more than a little mutual; as Ackman has put it, "The guy is a shakedown artist. His word is worthless.”) Anyway, in case anyone was wondering if the investors had put an end to their feud with another long, booze-filled meal, wonder no longer.
Evil Incarnate Thinks LightSquared Is Great
As those of you who keep up with the trials and travails of hedge fund manager Phil Falcone, a wireless start-up called LightSquared is his baby and the thing that stands to make or break him. To that end, Falcone's invested a significant amount of time, energy, and, most importantly, investor money in seeing his baby succeed. Unfortunately, in the last year or so, LightSquared has been met with some significant setbacks, namely with regard to GPS interference it is said to cause. The yachting community worries that said interference will cause boats to get lost at sea. The National Oceanic and Atmospheric Administration says LightSquared“may degrade precision services that track hurricanes, guide farmers and help build flood defenses.” The FAA put out a study that estimates LS "may cost 794 lives in aviation accidents over 10 years with disruptions to satellite-aided navigation." To all of that and more, one man asks, "Yeah, AND???" More Job Killer Than Creator By Karl Rove ...after nearly a decade of regulatory “green lights,” the Obama administration reversed itself and started proceedings to kill LightSquared’s ambitious plan to upgrade the U.S. cellular infrastructure. Why? Because at the eleventh hour, concerns were raised about potential interference with GPS devices — interference that occurs because these devices are listening into the part of the spectrum licensed to LightSquared....This will have consequences. Consumers will lose the chance to get better, cheaper wireless service. Owners of tablets, smartphones and other new devices won’t get faster downloads and greater bandwidth. The country would miss out on a valuable infrastructure improvement based on cutting-edge technology. Thousands of workers in construction, steel, transportation and other industries won’t get work, along with the good paychecks that a privately funded $14 billion project like this generates. Why? Because the Obama administration, which first endorsed and encouraged LightSquared, has now reversed course and gutted it. Given that this is the slowest, most anemic recovery from any recession since World War II, you might expect the administration to be eager to encourage companies to invest in creating jobs, making the economy more productive and increasing economic growth...But based on what it’s done to Keystone XL and now LightSquared, you’d be wrong. All because of some eleventh hour concerns about planes crashing. More job-killer than job-creator [Politico]