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GOLDMAN GETS WELLS NOTICE OVER SUBPRIME MBS FROM 2006
Just hitting the Bloomberg wire now. Goldman Sachs has been hit with a wells notice over 1.3 billion worth of subprime MBS from 2006. A Wells Notice is an alert from the SEC that it may bring an...
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Buffett's Disgraced Ex-Heir David Sokol Is Getting $1 Million A Year Of...
Feb. 28 (Bloomberg) -- David Sokol, the executive who left Warren Buffett’s Berkshire Hathaway Inc. amid accusations of violating insider-trading rules last year, is receiving $1 million annually from...
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Ray Dalio Is The NEW King Of Hedge Funds
Not only does Bridgewater Associates' Ray Dalio run the world's largest hedge fund, but he just took George Soros' title as the "world's most successful hedge fund manager," reports the Financial...
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The Asian Financial Crisis Proves That Austerity Can Work
The austerity debate was the topic du jour at this year’s World Economic Forum in Davos. With good reason. Europe is slipping back into recession just when recovery in the United States is finally...
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Here Are The Key Market Moving Events For Wednesday, February 29, 2012 (SEMG,...
Wednesday will be a busy day for markets, with a big focus on economic announcements. Releases scheduled for Wednesday include Indian, Swedish, Danish, and U.S. quarterly GDP readings, Japanese...
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Former Lehman Worker Says Long-Term Unemployment Is 'Demeaning'
[The following profile is part of a series on long-term unemployment in America.] At one time, it was easy for Pamela Vernocchi to get a job — she's worked at several large financial firms on Wall...
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Martin Wolf: China Is Opening Slowly, Which Is The Prudent Thing To Do
China has released a multi-year, three-step plan to ease capital controls and open its financial markets to the world. Its central bank is pushing to speed up the process of yuan reforms. But Martin...
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Fed's Plosser: We Should Be EVEN MORE Transparent
In January, the Fed's Federal Open Market Committee began releasing information on the underlying policy paths its voting members are forecasting. But in a speech released today, Philadelphia Fed...
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DEAR OCCUPY MOVEMENT: Your New Message Sucks
The Occupy Wall Street movement returns to the streets this week, targeting some of the biggest corporations in America. Dubbed the "Shut Down the Corporations" rally, protesters will chant, shout and...
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LARRY FINK: Companies Have A 'Moral Responsibility' To Get Employees To Save
Recent polls show anxiety about retirement is surging. Larry Fink, CEO of BlackRock, says companies must now respond accordingly. "Companies have a moral responsibility to help both full-time and...
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The Impact Of Major Product Announcements On Shares Of Apple (AAPL)
Shares of Apple have been surging like crazy lately, and the stock seems to have gotten some extra juice lately since the company all-but confirmed the unveiling of the iPad 3 on March 7. Now...
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HOLY CRAP: Look What Just Happened To Newspapers!
Back in 2007, I wrote a series of posts arguing that "newspapers are screwed." The theory was that, as readers and ad spending moved online, newspapers would be unable to replace the revenue they were...
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FINAL FEW MINUTES OF THE DAY: Gold Is Getting Bludgeoned, Stock Market...
It's getting a little hairy into the close. Gold is getting totally poleaxed, down $96/z. The S&P is off 0.6%, after being close to flat earlier. It's hard to say what the real "reason" is, though...
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Here Are The Top 10 Hedge Funds In The Past 40 Years By Net Returns
With Ray Dalio's coronation yesterday as king of hedge funds, we wanted to see if anyone comes close to approaching Bridgewater's returns. With the help of MarketFolly, which ranked the top 10 hedge...
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STOCKS FALL AFTER BERNANKE SPEAKS: Here's What You Need To Know
Positive GDP revisions and an optimistic Beige Book couldn't overcome the general lack of enthusiasm after the European Central Bank's second and final LTRO this morning. But first, your scoreboard:...
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The Last Time The Stock Market Started Like This, We Ended Up With An INSANE...
A streak we've been watching for awhile is the current run of days without the S&P losing 1%. The last time it happened was in late December. The streak continued today, and as Conor Sen observed...
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Dramatic Pictures From Wednesday's OCCUPY WALL STREET Comeback Rally
After watching occupations get shut down across the country last fall, the media left Occupy Wall Street for dead. The public, in general, did as well. But today they tried to convey that they were...
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RON PAUL BELIEVES IN AN INFLATION CONSPIRACY THEORY: Here Are All The Reasons...
Ron Paul put on a show at Fed Chairman Ben Bernanke's testimony on monetary policy earlier today—even challenging the Fed to let him pay his taxes in gold. In his rant, Paul argued that inflation was...
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Francois Hollande To London: 'I Am Not Dangerous'
Francois Hollande was in London today, apparently hoping to lay claim to the 300,000 French expats there, and perhaps also calm the nerves of Europe's financial capital. "I am not dangerous," The...
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Remember These Goofy 'Gorilla Trades' Commercials Starring Davy Jones?
Leap Day turned sad when we learned Monkees frontman Davy Jones had died. We were reminded of some cute commercials he did for Gorilla Trades. Enjoy! Please follow Clusterstock on Twitter and...
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