(Since I was a little unclear on the ABC news clip, I thought I would clarify what I was trying to get across. This might turn up in a local newspaper as an opinion piece (we’ll see). Meanwhile, you guys get a sneak preview.) While you may have been inundated with press reports, Twitter updates and even Facebook status updates on the upcoming Facebook IPO, you might be wondering how it might affect you,...
I was interviewed this morning by ABC on the Facebook IPO (I come in at around 4:50 or so). The reporter, Katie Marzullo, was great. In the limited time that I had though, I don’t know if I got my point across clearly: I was trying to say that they are not a very innovative company; so one of the potential things they might do, when faced with investor pressure down the road, is to charge...
The latest on the JPMC debacle is that Ina Drew, Chief Investment Officer there is all set to resign: Executives said that within the last several months, Ms. Drew told traders at the bank’s chief investment office to execute trades meant to shield the bank from the turmoil in Europe. As the problems deepened on the Continent, Ms. Drew thought those bets could protect the bank from losses and even earn a tidy profit,...
A fair amount of entities and people are flailing about trying to keep afloat in current financial markets. One response is to trade in the growing number of dark pools. These are, essentially, private networks of traders who wish to trade without the cumbersome regulations and margin requirements imposed by the public exchange. However, there is yet another reason why traders are drawn to them: Using software developed in part by Fidelity Investments a decade ago,...
Watch The Financial Crisis Is Like… Sangria? on PBS. See more from FRONTLINE.
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