The Wall Street Journal recently stopped carrying the Breakingviews business analysis column in favor of its expanded in-house Heard on the Street column, but Breakingviews still managed to crash the party in Wednesday’s paper. In true merry-prankster mode, the Breakingviews ad urges readers of Heard on the Street to think about what […]
Posted on October 2nd, 2008 by
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When the Value Investing Congress convenes next week in New York City, some of the world’s top value investors will share their ideas for the best stocks to own — and short.Henry and I got a sneak preview this morning with the conference’s co-founder, Wh
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Shares of HBOS and Lloyds TSB got a boost this morning in London as it appeared Lloyds was less likely to try to renegotiate its takeover of HBOS. Standard Life Investments, a top investor in Lloyds and HBOS, supports the planned takeover under the original terms, a person close to the investment firm said, and […]
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The SEC is under pressure to extend its “temporary” ban on short selling, which is set to expire tomorrow. By design, the ban has reduced the level of short interest — but has it really helped?Most obviously, the ban failed miserably to stem th
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The global financial crisis is no laughing matter for many people, but it has nonetheless resurrected some dreadful puns that were popular back during the Japanese banking fiasco in the 1990s. Doing the rounds by e-mail are the following:
Sumo Bank has gone belly up; Bonsai Bank is cutting its branches; Karaoke Bank is for sale […]
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Monday’s House rejection of the bailout bill showed the dangers of assuming, as Felix Unger taught a generation of TV watchers.But let’s assume, for the sake of argument, the Senate approves the $700 billion plan tonight and that paves
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Good morning and welcome to Before The BellWe are suspending operations until we can broker a deal in Congress to bailout, er, rescue Wall Street. We shall not publish until the crisis is solved.
Until tomorrow,
Derek Caney
Editor
P.S. Shares were down overnight. Suffice to say that if the market is up, it’s because of optimism about the […]
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The Senate is slated to vote tonight on a slightly tweaked version of the $700 billion bailout plan rejected by the House on Monday that includes:Raising the FDIC’s deposit insurance cap to $250,000 from $100,000.AMT tax relief (which the Senate previousl
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