Hello ET community -
I'm hoping this is the right forum for this topic - I'm a student in New York wrapping up a degree program in the fall. As part of my coursework I'm doing a survey of how financial professionals view the current structure of the U.S. stock market (as it pertains to order...
...plus, I think the debacle over Ken Lewis being strongarmed by Paulson into buying ML has really cast a light on what happens when Uncle Sam asks you to "do your bit" for the economy. I think there will be tremendous skepticism among shareholders and boards of directors regarding due diligence...
I'm not sure about "jumping for joy." I mean, look at the dressing-down Dimon had to take before Congress, and all that rigmarole about bonuses for firms receiving TARP funds - they took TARP because they were *asked* to, just like they bought Bear Stearns because they were *asked* to. I'm not...
WEHT Pete Najarian on "Fast Money?" He's been conspicuously absent the past few days - did he leave with Ratigan or something? And what of Charlie Gasparino? *Nothing* from him for a long time - maybe his contract is up for renegotiation?
I don't dispute that the media has fomented most of the turbulence. But they're not policymakers. The network, while irritating as all hell, is full of disclaimers about the views of its pundits not representing the views of CNBC or its parent company. Employees of CNBC aren't allowed to own any...
I am no fan of CNBC, but I do think it is an appalling abuse of position for Greenspan to sit on the board of a hedge fund that is heavily short financial stocks while he pontificates on the eroding position of banks. Not to mention that this housing bubble ballooned on his watch. It's tawdry...
I cringe and feel viscerally embarrassed for the CNBC talking heads in these commercials that run throughout the trading day, in which stylized head shots of "the talent" plays along with a voice-over enumerating their likes and dislikes.
Are they trying to become "relatable" to the viewing...