Goldman Stockholders – What Chumps
What group of hedge fund investors pay their managers 50% of profits? Goldman (NYSE:GS) stockholders, that’s who. Over 50% of the profits generated at Goldman come from the employees’ use …
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Insured Capitalistic Failure Looms; Once Bank Bitten Twice Shy
Six former private insurers have the political privilege of getting TARPed; added to the U.S. government’s red/to-do list. Although the dollar amounts are minuscule compared to the banking sector, there’s …
Read More Risks Abound At UBS
Risks abound on UBS’s balance sheet, off the balance sheet, and across the pond. Yet, UBS trades at an astonishing premium to its peers. We are initiating a SELL rating. INVESTMENT …
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What To Do About Toxic Bank Assets
In a word: Nothing. The conventional wisdom flying around the media and Washington’s corridors of power is to find a plan to lift the assets of the banks’ balance sheets. …
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