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You Don’t Need To Innovate In Finance; You Don’t Need To Invent Anything New

Archive for February, 2009

When Markets Goes Wrong, Nothing Goes Right

Such is the astonishing turn of fate on Wall Street. Last minute, you were praised for striking a great deal, next you are fighting for your bonus. Then you are fighting against jail time. Or you thought you had a good deal, suddenly, all goes to to hell and when you are jus worried about [...]


Now IMF’s Dominique Strauss-Kahn

talks with Charlie Rose, about pretty much the same things — different accent maybe.


World Bank Chief Robert Zoellick

talks with the FT


He’s Talking Agin

Dimon: Housing Plan “Well Designed”


The Premium Of Being Communism By Name

Chinalco has made $19 billion investment in Rio Tinto. The details of the deal reveal again the premium Chinese entities, when buying on the international market, have to pay because of their identity. Another buyer would not have struck this sweet deal for Rio Tinto.


The Greatest (and meanest) Bonus Scheme

Look at Credit Suisse on the bottom of the nice list compiled by eFinancialCareers, they actually did it! It’s an idea that brought laughter to a roomful of journalists last week…but wow!


Wake Up, Traditional Media

When it comes to news like Amazon’s new Kindle, why would someone READ this WSJ story? When he/she can watch an introductory video on Youtube? For some news, pictures and videos make much more sense, and don’t waste time describe something that I can see and hear.


BoA’s Ken Lewis Speaks Out

Seems clear that Lewis sacrificed John Thain to save himself…just like happened so many times before.