IT’S OFFICIAL: AN EARNINGS BARN-BURNER THE 3Q WAS NOT
So how’s earnings season going so far? Not too darn well: Looking broadly at third-quarter earnings results, FactSet says that out of 123 companies among the…
THERE’S NO CORPORATE GOVERNANCE QUITE LIKE DICK-PARSONS-STYLE CORPORATE GOVERNANCE
Richard Parsons, chairman extraordinaire: Former Citigroup Inc. (C) Chairman Richard Parsons, who in 2011 awarded Chief Executive Officer Vikram Pandit a retention package valued at about…
THIS IS WHAT HAPPENS WHEN YOU HAVE TO SELL NEAR THE BOTTOM OFF THE CYCLE
From the standpoint of sheer dollars forgone, BofA’s sale of First Republic in 2010 isn’t close to its worst deal of all time. Still, this was…
WHY IS IT THAT THIS IS NOT THE LEAST BIT SURPRISING?
It turns out that Greg Smith, the self-appointed Conscience of Goldman Sachs, groused to his bosses that he should have been making $1 million after he…
JAMIE IN VF: WORTHWHILE!
I would rate the Vanity Fair profile of Jamie Dimon as only “semi-fawning.” Definitely an entertaining read. . . . Am having a hard time shaking…
SPEAKING OF THE UNINTENDED CONSEQUENCES OF REGULATORY ACTIONS . . .
Next financial crackup, regulators probably shouldn’t bother asking JPMorgan for any help with quickie resolutions. Jamie Dimon: Would I have done Bear Stearns again knowing what…
ONLY ACADEMICS AND POLITICIANS
One more worthwhile Jamie quote, from his speech in Washington yesterday. On the London Whale business: We made a stupid error. Businesses make mistakes, they learn…
NASSIM TALEB, FISCAL HAWK
Foreign Policy talks to Nassim Taleb: We need smaller, more decentralized government. On paper, it might appear much more efficient to be large — to have…
INVESTORS STILL HATE ‘EM, NO MATTER WHAT
Bloomberg previews third-quarter earnings. As third-quarter earnings season begins, the companies analysts are most bullish about are the ones whose stock prices are farthest below their…
HOW BAD IS DODD-FRANK? LET’S COUNT THE WAYS
Peter Wallison provides chapter and verse on what’s wrong with Dodd-Frank, and zeroes in on one particularly nasty part of the law that no one has…