Wall Street: Managing Wall Street meltdowns

We know about this scheme, and the corporate elite behind it, thanks to a high-ranking military whistle-blower: Marine Corps Maj.-Gen. Smedley Butler. Butler is largely forgotten today, but 70 years ago he was the most revered American military hero, the only man to have twice been awarded the Marine’s prestigious Medal of Honor. During his loyal 3   Read More

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Howard Lindzon Blog Archive Disrupting Wall Street
It’s fun and my life’s work to think about disrupting Wall Street. Sarah Lacy started the meme again a little while back and it is apparent she has never bought or sold a stock and maybe never been to a bank . NIce lady though.

Wall Street sufre su peor semana desde marzo por el plan…
La Bolsa de Nueva York cerró ayer su peor semana desde marzo de 2009, cuando la crisis financiera causaba estragos…

Wall Street Workbook Celebrates Third Anniversary
a brief history of a general interest,online business publication

Rachel Maddow : msnbc.com: Obama takes on Wall Street
Obama Barney Frank Blue Dogs Hedge Funds Corporations Populism Banks Regulation Supreme Court Decision

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Wall Street’s Pay Shift Augurs Ill for Stockholders – Wall Street Journal
Wall Street firms rarely disclose how many shares are granted to employees in a given year. In 2008, though, Goldman paid out $4.8 billion in bonuses, …

China shares fall on Wall Street losses – BusinessWeek
Chinese shares fell again Friday after Wall Street tumbled on President Barack Obama's proposal to limit risk-taking at banks, ending the week down 3 …

Wall Street Week Ahead: Politics Overshadow Profits – CNBC
Stocks could be in for a rough ride in the week ahead as a focus on political risk overshadows what is clearly an improving profit picture. …

Anger Toward Wall Street Spilling Over to Fed Chairman Bernanke – Politics Daily (blog)
Rising anti-Wall Street fervor has put Federal Reserve Chairman Ben Bernanke's bid for a second term in peril in the Senate and also contributed to the …

WHITE HOUSE LAUNCHES PHONY WAR ON WALL STREET – Las Vegas TSG (blog)
How phony is the new PR campaign the White House has launched against Wall Street– Let's look at the record. Washington Democrats have repeatedly bailed …

Sizing Up Wall Street Sheriffs – Wall Street Journal
Hundreds of thousands of dollars came from contributors connected to Wall Street, including hedge-fund manager David Einhorn, JP Morgan Chase & Co. …

Wall Street Wonder all alone in Paumonok – Daily Racing Form (registration)
OZONE PARK, NY – Wall Street Wonder beat Driven by Success at his own game, outfooting that rival for the early lead and rolling to an …

GE Profit Tops Wall Street Forecasts – ABC News
BOSTON (Reuters) – General Electric Co posted quarterly earnings that topped Wall Street expectations as it kept costs in line despite …

20 years later, greed’s still good for Douglas in ‘Wall Street’ sequel – USA Today
No, it's not an '80s flashback but a scene being shot for Wall Street: Money Never Sleeps, a sequel to the 1987 original due this spring that takes place …

Twitter Recent Posts for Wall Street

• How to disrupt Wall Street – http://cdixon.org/2010/01/23/how-to-disrupt-wall-street/
• The Quants Book Review: How A Group Of Mathematicians And Computer Scientists Nearly Destroyed Wall Street http://bit.ly/8suOOG
• The Quants Book Review: How A Group Of Mathematicians And Computer Scientists Nearly Destroyed Wall Street: On Thu… http://bit.ly/8suOOG
• Raytheon Demands Mesa Return Planes Intact (source: Wall Street Journal) http://bit.ly/79aO6Z
• Just got my 1st copy of my renewed subscription 2 Wall Street Journal. Even tho it shows up @ 4p here, it’s okay: I’ve missed u, my friend.
• RT @TWT_STOCKMARKET: Australian stock market falls over Obama plans for Wall Street banks: Patersons Securities associate director…
• Congrats!! RT @LocalLemons: Wow! Local Limoncello mentioned on Grub Street AND Wall Street Journal!!! http://bit.ly/8UmNaR
• RT @BreakingNews: Google co-founders each plan to sell about 5 million shares ” Wall Street Journal… http://ff.im/-eJscj
• RT @BreakingNews: Google co-founders each plan to sell about 5 million shares ” Wall Street Journal http://bit.ly/7xB2Xw
• RT @BarrieNJ: RT @BreakingNews: Google co-founders each plan to sell about 5 million shares ” Wall Street Journal http://bit.ly/7xB2Xw
• Rediscovering Values: On Wall Street, Main Street, and Your Street – by Jim Wallis – Simon & Schuster Audio. http://tinyurl.com/yj7j8nd
• GN: Collision Causes Crude Oil Spill In Port Arthur, Texas – Wall Street Journal: WKRG-TVCollision Causes Crude Oil Spi http://url4.eu/1Cnfy
• StartupNews: How a swashbuckling breed of computer scientists nearly destroyed Wall Street http://bit.ly/5MQ3ON
• Wall Street: Obama’s Bank Crackdown Signals Policy Shift (Time.com via Yahoo! News) http://tinyurl.com/y9csl2l
• RT @thinkoregon: WSJ … // omg. Wall Street Journal– you want US to trust them– we’re not in enough trouble, we should heed WSJ–

Wall Street: Latest News Updates

Obama announces dramatic Wall Street crackdown
Opposition parties pile on pressure on government to introduce similar banking reforms in Britain.

Gordon Brown to push for ‘Tobin tax’ after Wall Street crackdown
PM believes US move indicates willingness in Washington to contemplate radical reform of marketsGordon Brown plans to exploit Barack Obama’s surprise crackdown on Wall Street banks to step up Britain’s campaign for a new global transaction tax on financial products.The prime minister believes the dramatic US move to curb risky activities by major US banks indicates a new-found willingness on the part of Washington to contemplate radical reform of markets.Amid signs that key opponents of a transaction tax in Obama’s administration have been sidelined, Brown intends to use a series of meetings in the coming weeks and months to build international support for a “Tobin tax”, which he floated at last autumn’s G20 meeting. Lord Myners, the City minister, is to host a crucial mini-summit on Monday at which US officials will spell out the details of the Volcker plan ” through which Obama intends to stop banks running hedge funds, private equity arms and taking bets on markets with customer deposits.Myners had called G7 members to the Downing Street talks before the White House stunned the financial world with Thursday’s announcement, seen as the biggest Wall Street shakeup since the Glass Steagall reforms of the Great Depression.Publicly, Myners maintained today that the government was ahead of the US in its reform programme and that its plans for banks to create “living wills” so they could be broken up quickly if they collapsed had the same effect as Obama’s. He said: “He’s developing a solution to what he sees as the American issues. We’ve already taken the necessary action in the UK.”Privately, however, government sources admitted that they been caught unawares by Obama’s bombshell and were now reassessing whether Britain needed to go further. Fears in the City that the government would embrace Obama’s line continued to rock shares, particularly those in Royal Bank of Scotland and Barclays. The FTSE 100 was down 33 points at 5303 while RBS, 84% owned by the taxpayer, recovered earlier losses to end at 32.29p.

What does the war on Wall Street mean for the big banks–
The megabanks could be split up ” or might turn into footloose investment banks againMore details please. On Thursday ­President Obama declared war on Wall Street ” but what would ­victory look like– On day one, it seemed as if a break-up of JP Morgan, Morgan Stanley, Bank of America, Citigroup and Goldman Sachs was on the cards. How could it be otherwise– The president had declared that proprietary trading and sponsoring hedge funds and private equity was off-limits for banks. All those megabanks do most, or all, of those things. So surely we were looking at sweeping changes–Now there are suggestions that ­Goldman and Morgan Stanley, which converted to formal bank status only after Lehman’s collapse in 2008, could sidestep the “Volcker Rule” by putting on their old clothes and becoming footloose investment banks once again.In that case, they could no longer expect to be rescued by US taxpayers in a crisis. In practice, they would also have to pay more to raise capital if they stood outside the protected banking tent.

Obama’s Rough Week: Jobs, Wall Street, Health Care Loom Over White House
President Will Address Unemployment in Visit to Ohio Today.

GE 4Q Profit Falls 19 Percent, Beats Wall Street
GE 4Q earns drop 19 percent.

Obama proposes Wall Street overhaul
Read full story for latest details..

Elizabeth Warren: Obama Is Pushing Back Against Wall Street (VIDEO)
Financial reform advocate Elizabeth Warren appeared on The Rachel Maddow Show Thurday to discuss President Obama’s new proposals to rein in banks. Warren, a Harvard professor and the chief of the TARP Congressional Oversight Panel, told Maddow that she’s encouraged not only by the new proposals to limit banks, but also by the president’s renewed commitment to an independent consumer financial protection agency. Warren: “I feel better than I’ve felt in a long time. Because what I’ve heard the president saying on the Consumer Financial Protection Agency is, ‘It’s not going down. I’m here, I’m not giving up on it. There is not going to be a compromise to cave in on it.’ I heard him say that we’re going to tax those large financial institutions, and we’re going to make them pay back all of the money under TARP.

Obama Hits Wall Street, Pushes For Bank Limits
AP source: Obama wants greater banking limits.

Wall Street Slides on Obama Banks Plan
Dow Jones Plummets 213 Points as President Pushes for Tighter Banking Rules.

Everything said about Wall Street could have been said about the City | Larry Elliott
Obama provided an echo of the New Deal era when he talked of a ‘binge of irresponsibility’It has taken a year but Barack Obama has finally got it. Wall Street is to be cut down to size. The White House will take on big finance’s army of lobbyists. Banks stuffed full of US taxpayer dollars will be prevented from putting the economy at risk through reckless gambles.So, make no mistake, this was a big moment. The argument every timid policy maker in Britain makes when confronted with the need for reform of the City is that there is no point in doing anything unless the Americans are on board.Now, after what has clearly been a bloody internal battle within the Obama administration, they are. Everything that Obama said about Wall Street could have been said by Gordon Brown about the City.

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