Cuomo Is Said to Question Banks’ Influence on Ratings - NYTimes.com

Cuomo Is Said to Question Banks’ Influence on Ratings - NYTimes.com: "The New York attorney general has started an investigation of eight banks to determine whether they provided misleading information to rating agencies in order to inflate the grades of certain mortgage securities, according to two people with knowledge of the investigation.

Jon Stewart takes on Perfect Storms

Jon Stewart on last week's 2:45 Market Sell-off

Hilarious.  Thanks to Calculated Risk for pointing it out.  I apologize in advance for any offensive language.


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Stock Market's Nosedive Wasn't Set Off By A Trader's Typo, 'Journal' Says - The Two-Way - Breaking News, Analysis Blog : NPR

What caused the big drop?" is dDefinitely the most asked question over the past week.And the answer? Well "lots of things." So says the Wall Street Journal via NPR.Stock Market's Nosedive Wasn't Set Off By A Trader's Typo, 'Journal' Says - The Two-Way - Breaking News, Analysis Blog : NPR: "Knocking down one of the more popular theories about the brief, nearly 1,000-point plunge by the Dow Jones

How computers have transformed the stock market: Tech Ticker, Yahoo! Finance

how computers have transformed the stock market: Tech Ticker, Yahoo! Finance: "Years ago, floor traders matched buyers and sellers. It's that old Eddie Murphy movie 'Trading Places,' where men jockeyed for floor space and used frantic hand gestures to complete transactions. But today, computers dominate much quieter trading floors. High- frequency trading -- rapid, automated buying and selling --

SSRN-Behavioralizing Finance by Hersh Shefrin

SSRN-Behavioralizing Finance by Hersh Shefrin: "Behavioralizing finance is the process of replacing neoclassical assumptions with behavioral counterparts. This monograph surveys the literature in behavioral finance, and identifies both its strengths and weaknesses. In doing so, it identifies possible directions for behavioralizing the frameworks used to study beliefs, preferences, portfolio

High-Speed Trading Glitch Costs Investors Billions - NYTimes.com

High-Speed Trading Glitch Costs Investors Billions - NYTimes.com"We have a market that responds in milliseconds, but the humans monitoring respond in minutes, and unfortunately billions of dollars of damage can occur in the meantime,” said James Angel, a professor of finance at Georgetown University’s McDonough School of Business. In recent years, what is known as high-frequency trading — rapid

Don't Pay Your Fare On The Subway? There's Insurance For That - Planet Money Blog : NPR

Don't Pay Your Fare On The Subway? There's Insurance For That - Planet Money Blog : NPR"Groups of free riders on the Paris Metro have created informal insurance pools that pay the fine when riders get caught. The groups call themselves mutuelles des fraudeurs -- fraudster mutuals.The fraudsters pay into a into a central fund. Then, whoever gets caught riding for free can draw from the fund to pay

Tearing down, building up homes in Buffalo : City Hall : The Buffalo News

While this may not be of interest everywhere since it is generally a local issue, the same idea takes place in most government supported/subsidized programs. Good intentions do not mean good results.Tearing down, building up homes in Buffalo : City Hall : The Buffalo News: "....Buffalo's 1,500 subsidized homes are now assessed 12 percent below their initial $123 million price tag, and that

YouTube - CEO of ToysRUs speaking at St. Bonaventure

I was told to delete all of this..so no longer available. sorry...

United-Continental merger

United.com - Press release detail: "Continental (NYSE: CAL) and United (NASDAQ: UAUA) today announced a definitive merger agreement, creating the world's leading airline with superior service to customers, expanded access to an unparalleled global network serving 370 destinations around the world, enhanced long-term career prospects for employees, and a platform for improved profitability

Goldman Sachs Shares, Bonds Slide On Criminal Probe - WSJ.com

First the disclosure: SIMM, the student run fund that I oversee owns Goldman.That said it is troubling that not only the equity of falling in value, but the debt as well.3rd UPDATE: Goldman Sachs Shares, Bonds Slide On Criminal Probe - WSJ.com: "In the credit default swap markets, the cost of buying protection on Goldman Sachs debt rose sharply; for $10 million of Goldman Sachs bonds, 5 years of

Why Executive Pay Is So High - Forbes.com

Granted this is just one side, but there is much truth in it.Why Executive Pay Is So High - Forbes.com: "... the boards supposedly overseeing management are instead packed with lackeys with appalling frequency. It's a familiar complaint but one that he believes is responsible for out-of-control pay, the short-term greed that helped spawn the recent financial meltdown and a staggering waste of