Linkfest: JPMorgan and Madoff; Bond market ripoffs; SAC in prime time
Categories: Linkfest
Today’s most shared: How JPMorgan shorted Madoff, and other followups… Feds probe OTC bond markets – where does puffery become fraud, balance sheet misstatement? … SAC’s primetime moment … Spain needs to borrow big this year… Emerging markets submerge… Low beta bubble deflating? … US life expectancy lags OECD.
JP Morgan Pulled $275 Million Of Its Own Money From Madoff Feeder Funds Months Before His Arrest
Business Insider
JP Morgan knew that Bernie Madoff was a fraud in the fall of 2008, but before ringing the alarm, the bank pulled its money from Madoff feeder funds.
shared by @ritholtz, Naked Capitalism, Reformed Broker
Business Insider
JP Morgan knew that Bernie Madoff was a fraud in the fall of 2008, but before ringing the alarm, the bank pulled its money from Madoff feeder funds.
shared by @ritholtz, Naked Capitalism, Reformed Broker
J.P. Morgan banker joked that Madoff’s accounting firm might be a car wash
MarketWatch
The government paints a damning picture of J.P. Morgan Chase & Co. in regards to the bank’s dealings with Bernie Madoff.
shared by @ritholtz, @markgongloff, @ReformedBroker, @IvanTheK, @HamzeiAnalytics
MarketWatch
The government paints a damning picture of J.P. Morgan Chase & Co. in regards to the bank’s dealings with Bernie Madoff.
shared by @ritholtz, @markgongloff, @ReformedBroker, @IvanTheK, @HamzeiAnalytics
The Madoff settlement is an enormous win for a guilty JPMorgan
LA Times
Let’s get a few points straight regarding the federal government’s "big" $2-billion-plus settlement with JPMorgan Chase over the bank’s complicity in the Madoff case.
shared by @ryanchittum, @eisingerj, @bobivry
LA Times
Let’s get a few points straight regarding the federal government’s "big" $2-billion-plus settlement with JPMorgan Chase over the bank’s complicity in the Madoff case.
shared by @ryanchittum, @eisingerj, @bobivry
Steep Penalties Taken in Stride by JPMorgan Chase
New York Times
JPMorgan Chase has agreed to pay $20 billion the last year to settle legal cases filed by the government, an amount that doesn’t seem to have strained the bank much at all.
shared by @ritholtz, @MParekh, @cate_long, @ryanchittum, @bobivry
New York Times
JPMorgan Chase has agreed to pay $20 billion the last year to settle legal cases filed by the government, an amount that doesn’t seem to have strained the bank much at all.
shared by @ritholtz, @MParekh, @cate_long, @ryanchittum, @bobivry
FRONTLINE – 10pm – PBS – To Catch a Trader (Steven A. Cohen)
pbs.org
shared by @MattGoldstein26, @nancefinance, @JacobWolinsky, @ReformedBroker
pbs.org
shared by @MattGoldstein26, @nancefinance, @JacobWolinsky, @ReformedBroker
Federal probe into whether Wall Street banks cheated clients by deliberately mispricing a type of mortgage bond key to financial crisis
Wall Street Journal
Federal investigators are probing whether a number of Wall Street banks cheated clients in the years following the financial crisis by deliberately mispricing mortgage bonds.
shared by Naked Capitalism, NYT Dealbook, @IvanTheK, @pdacosta, @markgongloff
Wall Street Journal
Federal investigators are probing whether a number of Wall Street banks cheated clients in the years following the financial crisis by deliberately mispricing mortgage bonds.
shared by Naked Capitalism, NYT Dealbook, @IvanTheK, @pdacosta, @markgongloff
Spain to issue €242bn of debt in 2014
Financial Times
Spain will issue about €242bn of debt this year as it plugs a still-hefty budget deficit and services its mounting government debt pile.
shared by @LemaSabachthani, @FGoria, @mhewson_CMC, @pdacosta, @GTCost
Financial Times
Spain will issue about €242bn of debt this year as it plugs a still-hefty budget deficit and services its mounting government debt pile.
shared by @LemaSabachthani, @FGoria, @mhewson_CMC, @pdacosta, @GTCost
Comparing Bank and Supervisory Stress Testing Projections
New York Fed
Stress tests are important tools for assessing whether financial institutions have enough capital to operate in bad economic conditions.
shared by @Alea_, @FGoria, @NYFed_news, @eisingerj
New York Fed
Stress tests are important tools for assessing whether financial institutions have enough capital to operate in bad economic conditions.
shared by @Alea_, @FGoria, @NYFed_news, @eisingerj
Selloff accelerates in emerging markets
Wall Street Journal
The declines come amid concerns about faltering economies and political unrest.
shared by Naked Capitalism, @pdacosta, @CardiffGarcia, @Ian_Fraser
Wall Street Journal
The declines come amid concerns about faltering economies and political unrest.
shared by Naked Capitalism, @pdacosta, @CardiffGarcia, @Ian_Fraser
Glenview’s Robbins Tops Hedge-Fund Ranking With Bet on Obamacare
Bloomberg
When Larry Robbins was a boy in the Chicago suburbs, his father, Sheldon, worked two jobs and wasn’t around much. In 2013, he topped the list of top-performing hedge funds.
shared by Business Insider, @hedge_funds, Reformed Broker
Bloomberg
When Larry Robbins was a boy in the Chicago suburbs, his father, Sheldon, worked two jobs and wasn’t around much. In 2013, he topped the list of top-performing hedge funds.
shared by Business Insider, @hedge_funds, Reformed Broker
Economic Health: Has Greece Turned a Corner?
Der Spiegel
Greece, which took over the European Council presidency on Jan. 1, claims it is returning to economic health and is even expecting modest growth this year. But a closer look raises doubts.
shared by @Alea_, @EconBrothers
Der Spiegel
Greece, which took over the European Council presidency on Jan. 1, claims it is returning to economic health and is even expecting modest growth this year. But a closer look raises doubts.
shared by @Alea_, @EconBrothers
‘Low Beta Bubble’ is ‘On The Verge of Deflating’: BofA
Barron’s
In investing, boring is often best. But there are cases where it isn’t — like when seemingly every investor wants staid and secure.
shared by Abnormal Returns, @BarbarianCap, Reformed Broker
Barron’s
In investing, boring is often best. But there are cases where it isn’t — like when seemingly every investor wants staid and secure.
shared by Abnormal Returns, @BarbarianCap, Reformed Broker
What happened to US life expectancy?
theincidentaleconomist.com
Here’s another chart from the JAMA study “The Anatomy of Health Care in the United States”: Why did the US fall behind the OECD median in the 80s and 90s?
shared by Incidental Economist, Naked Capitalism, @JustinWolfers, @newsycombinator
theincidentaleconomist.com
Here’s another chart from the JAMA study “The Anatomy of Health Care in the United States”: Why did the US fall behind the OECD median in the 80s and 90s?
shared by Incidental Economist, Naked Capitalism, @JustinWolfers, @newsycombinator
200 Years of American Financial Crises
New York Times
Detail on the nine systemic financial crises the United States has suffered since 1814, taken from a new paper about post-crisis recoveries.
shared by @MarkThoma, reddit/Economics, @firoozye
New York Times
Detail on the nine systemic financial crises the United States has suffered since 1814, taken from a new paper about post-crisis recoveries.
shared by @MarkThoma, reddit/Economics, @firoozye
Fed’s Williams: Fed Likely to Taper More, End Bond-Buying This Year
Wall Street Journal
San Francisco Fed President Williams said he welcomed the central bank’s recent decision to pull back on its easy-money policies, and he said he expects the Fed’s bond-buying purchases to end at some point this year.
shared by @volatilitysmile, @HamzeiAnalytics, @pdacosta
Wall Street Journal
San Francisco Fed President Williams said he welcomed the central bank’s recent decision to pull back on its easy-money policies, and he said he expects the Fed’s bond-buying purchases to end at some point this year.
shared by @volatilitysmile, @HamzeiAnalytics, @pdacosta
Five Conservative Reforms Millennials Should Be Fighting For
Washington Post
These five conservative policies will create an economy of which young Americans can be proud.
shared by @ObsoleteDogma, @TheStalwart, @BuzzFeedBen, @jbarro
Washington Post
These five conservative policies will create an economy of which young Americans can be proud.
shared by @ObsoleteDogma, @TheStalwart, @BuzzFeedBen, @jbarro
Bronte Capital: Taoist temples and local blindness
Bronte Capital
shared by @TheStalwart, Reformed Broker, @JacobWolinsky
Bronte Capital
shared by @TheStalwart, Reformed Broker, @JacobWolinsky
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