Tag Archives: wall street


Hedge funds fold

January 19, 2009 : Permalink

The Washington Times – Year after year, the hedge fund industry dazzled Wall Street by delivering "absolute returns" – outsized profits whether markets rose or fell. Using sophisticated trading models, the pools of managed capital made wealthy people wealthier with […]

Famed for piety, Jacob Merkin put faith and funds in Bernie Madoff

January 19, 2009 : Permalink

New York Daily News – Jacob Ezra Merkin was once revered as a wizard of Wall Street, an angel of charity and a lion of Judaic studies. Now he has earned infamy as a destroyer of wealth, a menace to philanthropy, a […]

In Lieu of Bailout, a New Strategy

January 19, 2009 : Permalink

Atlanta Journal Constitution – Unlike the nation’s banks, hedge funds haven’t been lining up for government bailouts in the wake of losses they can’t handle. But the funds do share one Wall Street problem: a huge mismatch between the short-term […]

Battered Wall St tops Obama inaugural donors-study

January 19, 2009 : Permalink

Daily Monitor – Wall Street may be bruised and battered, but it still donated more money than any other U.S. industry to President-elect Barack Obama’s inaugural festivities on Tuesday, a study has found. The Center for Responsive Politics said executives […]

Bard College lost $3 million in Madoff scheme

January 16, 2009 : Permalink

Daily Freeman – Bard College said on Thursday that it lost about $3 million in investments tied to disgraced Wall Street financier Bernard Madoff. Bard spokesman Mark Primoff said the losses came in the Northern Dutchess school’s $270 million endowment […]

Grace period for Himes doesn’t last long

January 15, 2009 : Permalink

Connecticut Post – It was with amusement that I read that freshman U.S. Rep. Jim Himes, D-4, will now be a member of the House Financial Services Committee. Why? Because of his expertise? Does anyone realize that he was trained […]

Battered hedge funds face difficult 2009

January 14, 2009 : Permalink

Daily Herald – Year after year, the hedge fund industry dazzled Wall Street by delivering "absolute returns" – outsized profits whether markets rose or fell. Using sophisticated trading models, the pools of managed capital made wealthy people wealthier with eye-popping […]

Inspector General investigating Boston and New York SEC offices in in wake of Markopolos allegations

January 14, 2009 : Permalink

Examiner.com – David Kotz, Securities and Exchange Commission Inspector General, told the U.S. House Committee on Financial Services last week he was determined to learn "the reasons for the SEC’s apparent failure to act" on repeated warnings about Bernard Madoff’s massive […]

Viewpoint: Madoff scandal makes case against regulation

January 12, 2009 : Permalink

Baltimore Sun – If there is anything we have learned from the crisis in the financial sector, it’s the urgent need for more regulation. Had federal regulators been more vigilant or wielded greater powers, all this suffering and heartache might […]

Speculators and Our Food: E-I-E-I-O!

January 8, 2009 : Permalink

The Austin Chronicle – Oh, this is just dandy! Hedge-fund schemers and Wall Street manipulators – the very characters who brought us the Great American Housing Collapse – have a new target for their fast-buck profiteering: farming. E-I-E-I-O! Speculators have […]

Give backs and free management from some hedge funds

January 7, 2009 : Permalink

BloggingStocks – Over the past few weeks you probably saw signs in retail stores touting "big sales" with discounts of 50% to 70& off. It seems that Wall Street has caught on to main street’s way of doing business – […]

U.K. Plans to End Ban on Shorting

January 6, 2009 : Permalink

The Wall Street Journal – The U.K.’s markets regulator plans to end its ban on short selling of financial stocks. The Financial Services Authority said Monday that it would continue to ask hedge funds, which said the ban had hurt […]