Linkfest: Wall Street’s housing bet; How SEC dropped cases against banks; Real lessons of the crisis
Categories: Linkfest
Today’s most shared: Wall Street’s single-family rental profits… SEC shelved cases against Wall Street amid discord… The real lesson we still need to learn from the crisis is how to recover lost output and productivity… EU loses AAA on bank bailout plans, deteriorating credit conditions… Weird things about Herbalife… When Paul Warburg invented the discount window… Providing liquidity in selloffs is part of how top hedge funds try to generate alpha… Zuckerberg’s big Facebook stock sale… Vanguard’s dominance… A Bitcoin satire turns into real money… Ruined investors get short shrift in ‘Wolf of Wall Street’ movie… Does Silicon Valley want to secede from California’s Southland?
Wall Street Unlocks Profits From Distress With Rental Revolution
Bloomberg Businessweek
Though he’s occasionally mistaken for a thief, Mark Futral, 37, is working for Blackstone Group LP, one of the world’s most sophisticated investors. For the past 18 months, he’s picked locks, shimmied under garage doors and crawled through windows to get into foreclosed homes the company has bought.
shared by @munilass, @mccarthyryanj, @nasiripour, @DavidSchawel, @M_C_Klein
Bloomberg Businessweek
Though he’s occasionally mistaken for a thief, Mark Futral, 37, is working for Blackstone Group LP, one of the world’s most sophisticated investors. For the past 18 months, he’s picked locks, shimmied under garage doors and crawled through windows to get into foreclosed homes the company has bought.
shared by @munilass, @mccarthyryanj, @nasiripour, @DavidSchawel, @M_C_Klein
S.E.C. Tension as It Examined Mortgage Cases
New York Times
The reasoning behind the decisions and the contentious way they divided camps within the agency illuminates how difficult choices are made inside the regulator.
shared by Naked Capitalism, @retheauditors, @ThemisSal, @munilass, @MattGoldstein26
New York Times
The reasoning behind the decisions and the contentious way they divided camps within the agency illuminates how difficult choices are made inside the regulator.
shared by Naked Capitalism, @retheauditors, @ThemisSal, @munilass, @MattGoldstein26
We still need to learn the real lessons of the crisis
Financial Times
The correct focus is on how to recover the lost output and productivity. Fiscal irresponsibility was not the cause of these disasters; eliminating it cannot be the cure.
shared by Naked Capitalism, @rjocean, @D_Blanchflower
Financial Times
The correct focus is on how to recover the lost output and productivity. Fiscal irresponsibility was not the cause of these disasters; eliminating it cannot be the cure.
shared by Naked Capitalism, @rjocean, @D_Blanchflower
European Union Stripped of AAA Credit Rating at S&P
Bloomberg
The European Union lost its top credit rating from Standard & Poor’s, which cited the deteriorating creditworthiness of the bloc’s 28 member nations.
shared by @BarbarianCap, @lucymarcus, @SonyKapoor, @FGoria, reddit/Economics
Bloomberg
The European Union lost its top credit rating from Standard & Poor’s, which cited the deteriorating creditworthiness of the bloc’s 28 member nations.
shared by @BarbarianCap, @lucymarcus, @SonyKapoor, @FGoria, reddit/Economics
Ten weird things about the Herbalife saga
Financial Times
That CNBC half hour spat between two showman billionaires doesn’t even make the cut.
shared by @abnormalreturns, @M_C_Klein, @JacobWolinsky
Financial Times
That CNBC half hour spat between two showman billionaires doesn’t even make the cut.
shared by @abnormalreturns, @M_C_Klein, @JacobWolinsky
Bernanke’s Recession-Fighting Weapon Developed by 1900s Banker
Bloomberg
The first weapon Federal Reserve Chairman Ben S. Bernanke deployed against the worst recession since World War II owes a singular debt to Paul M. Warburg, a banker in the 1900s who understood money markets more than any contributor to the Federal Reserve Act.
shared by @nancefinance, @petercoy, @pdacosta
Bloomberg
The first weapon Federal Reserve Chairman Ben S. Bernanke deployed against the worst recession since World War II owes a singular debt to Paul M. Warburg, a banker in the 1900s who understood money markets more than any contributor to the Federal Reserve Act.
shared by @nancefinance, @petercoy, @pdacosta
Hedge Fund Secrets Lie in Short Term Over Luck: Cutting Research
Bloomberg
The best hedge fund managers tend to find profits in short-term, contrarian bets.
shared by @hedge_funds, @BarbarianCap, @JohnLothian, @ReformedBroker, Reformed Broker
Bloomberg
The best hedge fund managers tend to find profits in short-term, contrarian bets.
shared by @hedge_funds, @BarbarianCap, @JohnLothian, @ReformedBroker, Reformed Broker
What Mark Zuckerberg’s Facebook sell-off really means
Fortune
Facebook is tipping its hand, saying its stock is overvalued and the company isn’t going to perform as well as the market believes it will.
shared by @ReformedBroker, @retheauditors, Felix Salmon
Fortune
Facebook is tipping its hand, saying its stock is overvalued and the company isn’t going to perform as well as the market believes it will.
shared by @ReformedBroker, @retheauditors, Felix Salmon
Facebook Is Selling Stock For Some Reason
Bloomberg
"What are we going to do with all this cash?" "I don’t know, maybe sell stock?" "That makes no sense."
shared by @nancefinance, Felix Salmon, @KidDynamiteBlog, @AlephBlog, @M_C_Klein
Bloomberg
"What are we going to do with all this cash?" "I don’t know, maybe sell stock?" "That makes no sense."
shared by @nancefinance, Felix Salmon, @KidDynamiteBlog, @AlephBlog, @M_C_Klein
Vanguard raked in almost every dollar that went into U.S. equity funds this year
InvestmentNews
If you bought a U.S. equity fund this year, there’s about a 98% chance you invested in a fund managed by Vanguard.
shared by @maoxian, @BarbarianCap, @ReformedBroker, Reformed Broker
InvestmentNews
If you bought a U.S. equity fund this year, there’s about a 98% chance you invested in a fund managed by Vanguard.
shared by @maoxian, @BarbarianCap, @ReformedBroker, Reformed Broker
Dogecoin: How A Thing That Started As A Joke Became The Hottest Digital Currency In The World
Business Insider
An Australian brand and marketing specialist and a programmer in Portland, Ore. who have never actually met have successfully combined the year’s best memes.
shared by @ObsoleteDogma, @kevinroose, reddit/Economics, @M_C_Klein
Business Insider
An Australian brand and marketing specialist and a programmer in Portland, Ore. who have never actually met have successfully combined the year’s best memes.
shared by @ObsoleteDogma, @kevinroose, reddit/Economics, @M_C_Klein
Investors’ Story Left Out of Wall St. ’Wolf’ Movie
New York Times
shared by @ritholtz, @AmyResnick, @bobivry
New York Times
shared by @ritholtz, @AmyResnick, @bobivry
Tim Draper Wants To Split California Into Pieces And Turn Silicon Valley Into Its Own State
TechCrunch
TechCrunch has learned about noted technology investor Tim Draper’s plan to split California into six separate states, including a Northern California slice..
shared by @ryanchittum, @JacobWolinsky, @kevinroose, @Techmeme, @M_C_Klein
TechCrunch
TechCrunch has learned about noted technology investor Tim Draper’s plan to split California into six separate states, including a Northern California slice..
shared by @ryanchittum, @JacobWolinsky, @kevinroose, @Techmeme, @M_C_Klein
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