Archive for 'Blog'

This post originally appeared at The Street.

Wall Street is jumping back into the risky $1.6 trillion "repo" market with some of the biggest U.S. banks -- including Bank of America (BAC), JPMorgan Chase (JPM) and Wells Fargo (WFC) -- leading the charge.

Shunned after the 2008 financial crisis after killing Lehman Brothers -- ...

Two weeks ago, Pershing Square founder Bill Ackman made a big pitch whilst hosting CNBC's Squawk Box for investors to come to his charitable Harbor Investment Conference—saying he would give an idea at the conference through which attendees could make back the ticket fare ($1,500) to the conference and much more at a very low risk. 

At the conference last Thursday, Ackman revealed the ...

One of the big issues standing in the way of banks and state attorney generals coming to a nationwide mortgage settlement has been the fact that New York and California — two big foreclosure states — have not been at the table.

Their participation means a larger settlement for everyone — Florida alone could see $500 million more alone if California participates. So this is ...

Conventional wisdom is probably useless from a direct investment standpoint, but there is value to knowing what conventional wisdom is. After all, that's how you can identify the deviations from it.

So, real quick, we thought we'd slice up the main nuggets of conventional wisdom right now based on what we've been seeing:

• The ECB, via the LTRO, has successfully backstopped European banks, and so a ...