Tim Eriksen

Why Investment Banks Should Not Buy Hedge Funds

While I don't know what current lease rates would be for office space throughout the world, I doubt that operating expenses (non-compensation) would be as high as this example. Would they really ramp up at the same rate as AUM? I doubt it.

Don't get me wrong, I agree with the overall argument that the purchase was extremely stupid.

No End in Sight to Banking Crisis

The only thing more illogical than the writing of the author is the fool who posted as credit-card cap.com. A quick glance of the site shows a person completely ignorant of finance. For example he says to look at your credit card statement if you carry a balance. If the amount of interest you pay exceeds the amount of principal then, he says, you are paying more than 100% interest. What??? Try looking at your mortgage statement, by his logic a new homebuyer is paying nearly 1,000% interest. Grab a clue about basic math, please.