Let’s just be clear, Sen. Elizabeth Warren fears no man. No banker. And especially no John Stumpf. Late last month we highlighted her skewering (or perhaps “epic takedown” or “Eminem-ing” would be better terms) of then-Wells Fargo CEO John Stumpf over a scandal involving the creation of so-called “phantom accounts.” We also brought you the video… Keep Reading
If you watched last night’s presidential debate and didn’t start crying from either laughter or pity for the country then you should check your pulse. It was a veritable mudslinging, sideshow, circus act which featured Trump weirdly stalking Clinton around the stage and Clinton asserting that every single thing Trump said was an outright lie.… Keep Reading
Earlier this week, we brought you Sen. Elizabeth Warren’s epic takedown of Wells Fargo CEO John Stumph who presided over a scam that saw the bank create “phantom accounts” to boost their “cross-selling numbers.” Frankly, Warren’s criticism is virtually ironclad, but here to defend Wells Fargo is Priyank Gandhi, assistant professor of finance at the University… Keep Reading
Have you ever seen the movie “8 Mile” starring Eminem? Well, it’s about rappers. Which means some of you automatically won’t watch it. But it’s pretty good. As far as movies about rappers go. At the end there’s a series of “rap-offs” or “battles” as it were, where two contestants compete to see who can… Keep Reading
Presented with only one comment… So, almost certainly “yes.” Keep Reading
And now you know why all the Street estimates are “ex-energy” these days: (Chart: Deutsche Bank) Just ignore that. Nothing to see there. Keep Reading
Well this is rich (no pun intended). Bloomberg this morning ran a piece detailing UBS’ apparent plan to ramp up the hiring of quants. Now as you’re probably aware, HFT and systematic strategies (risk-parity, CTA, vol. targeting) are suspected to have exacerbated the 1,000 point flash-crashing madness that occurred in the wake of the Chinese… Keep Reading
Presented without further comment: Keep Reading
Have you ever wondered whether the CNBC anchors are drunk? Figuratively, we mean – drunk on the Wall Street and Fed Kool-Aid for years and now drunk on the pervasive bearish narrative that’s become so en vogue it’s no longer even cool (i.e. you want to be a realist not a permabear)… Well today, apparently… Keep Reading
Michelle Caruso-Cabrera aint’ buyin’ it: Caption contest… Keep Reading