Secondary Effects
Active interest this morning in Credit Default Swaps on New York Munis. Not surprising given that New York is going to take it on the chin if the recent slew of bonus-bans takes hold. To the extent...
View ArticleNew York City Doomed!
Wall Street being the lifeblood of the city and all that, the state of financial jobs is, one notices, a topic of concern. This being so, here comes the bad joss from the Independent Budget Office of...
View ArticleDick Bové: New York-Based Banks Should Move To A State That Won’t Hold Them...
In the face of “constant hostility”—including lawsuits and a general lack of interest in promoting […]
View ArticleBank of America Prime Brokerage Invents New Neighborhood
It's called the Golden Rectangle. And if you're reading this, there's a decent chance you work in it.
View ArticleSwiss Bitcoin Entrepreneur Is Only Kind Of Saying That New York Is Like North...
He's just saying that Ben Lawsky is "Kim Jong Un-ish."
View ArticleCantor Fitzgerald Is Rather Eager To Sell You Some Pot
Cantor is loving those margins on Mary Jane.
View ArticleBill Ackman Hates Herbalife So Much That He Might Be Dealing With Albany...
"Albany? You cray bro." - Carl Icahn
View ArticleAndrew Cuomo Finding Good Help Hard To Find While Taking Overtly Political...
Since Andrew Cuomo can't find a new chief banking regulator, Jamie Dimon would like to put his old lawyer's name in the sorting hat.
View ArticlePresident Trump Starts Off Super Tuesday By Losing The New York Appellate...
Looks like somebody is going to be multi-tasking the general election with defending himself from fraud charges.
View ArticleBrexit Begets Brexits
The British borders look like a one-way street with foreign bankers streaming out.
View ArticleHamilton Ticket Ponzi Scheme Is The Perfect Distillation Of Modern New York
Never give your money to someone who mentions guaranteed returns. Or musical theater.
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