Blog


Ballads of Bernie Madoff, Ben Bernanke and February
February 27, 2009 @ 07:32 AM | By Penny Crosman

The Madoff scandal, Washington's efforts to fix the economy, and even the waning month of February have been a musical inspiration to some talented YouTubers. Ballad of Bernie Madoff Madoff plays the banjo and sings a catchy jingle about himself, in the style of a Free Credit Report.com commercial.

continued...
Comment on this blog entry


Did One Math Formula Cause The Financial Crisis?
February 25, 2009 @ 15:08 PM | By Melanie Rodier

When math wizard David X. Li invented a formula to price collateral debt obligations, many on Wall Street adopted it. But now this formula is being blamed for the collapse of the financial sector.

continued...
Comment on this blog entry


TGIF: Credit Crunch Cereal; New Surprises on the Madoff Victim List
February 20, 2009 @ 07:14 AM | By Penny Crosman

A breakfast cereal to beat the recession blues; new victims of Bernard Madoff's Ponzi scheme come to light; alternative uses for cell phones. Credit Crunch Cereal To start your day off right with the crunchy goodness of Credit Crunch cereal.

Try This Brand New Depression Era Cereal! - watch more funny videos

continued...
Comment on this blog entry


25 People to Blame for the Financial Crisis
February 13, 2009 @ 08:20 AM | By Gregory MacSweeney

There is plenty of blame to go around in the current economy. Congress, Wall Street, regulators, homeowners, CEOs, and the list goes on. But make no mistake, fairness and blame do not go hand in hand.

continued...
Comment on this blog entry


What Ken Lewis Really Should Have Told Congress
February 12, 2009 @ 16:12 PM | By Melanie Rodier

Brokerage firm Themis Trading sent out a note to clients describing what they wish had happened during the Congressional hearings of the Wall Street titans.

continued...
Comment on this blog entry


UK Bankers Apologize, U.S. Bankers Are Contrite
February 11, 2009 @ 16:46 PM | By Melanie Rodier

Top U.S. bankers were contrite as they faced a grilling Wednesday by Congress over their use of the government's financial bailout.

continued...
Comment on this blog entry


Wall Street's Other P.R. Problem
February 09, 2009 @ 11:56 AM | By Penny Crosman

Besides the glaringly obvious public relations problems Wall Street faces - huge losses from subprime-related instruments, large bonuses to executives of firms receiving taxpayer assistance, the demise of Bear and Lehman and the Madoff scandal, to name a few - the industry has another, more subtle and less-talked-about P.R. problem: it fails to do P.R.

continued...
Comment on this blog entry


TGIF: Sponsor A CEO
February 06, 2009 @ 07:45 AM | By Penny Crosman

Pay caps notwithstanding, with your help, a CEO could continue to live in the style to which he's been accustomed.

continued...
Comment on this blog entry


New Calls for Investigation on Financial Crisis
February 05, 2009 @ 16:48 PM | By Melanie Rodier

Just a few months ago, investigators started probing the causes behind the financial crisis. Since then, the investigations have fizzled out. But Congress is now renewing calls for a probe.

continued...
Comment on this blog entry


Madoff Victim List Includes Many Investment Advisors
February 05, 2009 @ 10:05 AM | By Penny Crosman

The New York Post has posted the 162-page list of customers of Bernard Madoff that was released yesterday by the bankruptcy court handling Madoff Securities. In addition to Hollywood actors such as John Malkovich and Kevin Bacon and baseball legend Sandy Koufax, the list includes several investment advisory firms, including Argent Wealth Management, Bank of America Private Bank, Citi Smith Barney, Citigroup Private Banking, Fairfield Greenwich, Fleet Bank and Ivy Asset Management.

continued...
Comment on this blog entry


Maybe It's The Regulators Who Need Bonuses
February 04, 2009 @ 16:49 PM | By Melanie Rodier

Regulators have really failed, whether it's with the Madoff scandal or the financial crisis. One problem is that regulators aren't attracting the most talented people.

continued...
Comment on this blog entry


Ponzi Schemes Proliferate Beyond Madoff, Particularly in Florida
February 04, 2009 @ 15:52 PM | By Melanie Rodier

Ever since the Madoff scandal broke in December, authorities have been uncovering one suspected Ponzi scheme after another across the country.

continued...
Comment on this blog entry


Obama Caps Bailout Exec Pay at $500,000
February 04, 2009 @ 11:55 AM | By Penny Crosman

Saying that "failure to act now will turn crisis into catastrophe," President Obama announced today a $500,000 compensation cap for top executives at firms that receive bailout money from the government.

In order to restore trust in the financial industry, the government has to make sure taxpayer funds are not being used to fund excesses on Wall Street, Obama said, repeating his remark last week that lavish bonuses at these loss-heavy firms are "the height of irresponsibility."

"We don't disparage wealth or begrudge anyone their success," he said. "What gets people upset is reward for failure." In addition to the limit on total compensation for the highest-level managers of firms receiving taxpayer money, Obama said there will be a new requirement for these firms to publicly report all the perks and luxuries these top executives receive.

continued...
Comment on this blog entry


Madoff Whistleblower Slams SEC Incompetence
February 04, 2009 @ 10:31 AM | By Penny Crosman

Former money manager and investigator Henry Markopolos' testimony before Congress this morning about the SEC's failure to address Bernard Madoff's Ponzi scheme in spite of Markopolos' many warnings since 2000, including detailed evidence proving Madoff's investment performance had to be a fraud, makes for fascinating reading. Among the interesting points he made were these:

continued...
Comment on this blog entry


Davos Diary, Final Day: Rays of Hope Still Break Through
February 02, 2009 @ 14:05 PM | By Gregory MacSweeney

After four days at Davos, there are some things that are starting to become clear. Collaboration and innovation are going to be two of the biggest ways to pull ourselves out of the current economic situation, and there is also still optimism amongst the Young Global Leaders, which is deeply encouraging.

continued...
Comment on this blog entry


Saturday Night Live Gives A Glimpse of Bernard Madoff Pre-Superbowl
February 02, 2009 @ 11:03 AM | By Penny Crosman

Friends don't seem to be returning Bernie Madoff's calls in this skit from Saturday night's show.

continued...
Comment on this blog entry


Davos Diary, Day 3: Prepare to Be Socialized for Profit
February 02, 2009 @ 08:47 AM | By Gregory MacSweeney

The fast moving wave that is social computing swept through Davos on Thursday in a session titled "Organizing the Unorganizable: Social Computing and the Enterprise."

continued...
Comment on this blog entry





Archives
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005



Popular Articles

Subscribe to Wall Street & Technology E-Newsletter!




Enabling People and Organizations to Harness the Transformative Power of Technology