Anwar Bhamla

Anwar Bhamla
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  • Let the regulators go after overpaid bank executives, Barry Ritholtz says, but not Andrew Hall - one of Citigroup's (C) most profitable traders ever. Earning lots of money isn't inherently bad - except when it's paid for non-performance.   [View news story]
    From publicly available information, it is not clear what his arrangement was. If it was "Heads, I win; tails, I don't lose" then it is inherently unfair and warrants close scrutiny.

    Pay for performance is great if it is a two way street.
    Aug 18, 2009. 11:03 AM | 2 Likes Like |Link to Comment
  • Daniel Indiviglio isn't sure Calpers (see), or anyone else looking to pin their investment losses on the ratings agencies, has much of a case. "Of course, I'm not sure that the rating agencies have $1B to pay out anyway, even if they lose."   [View news story]
    Rating agencies do have a fiduciary responsibility to do due diligence. They are aided and abetted in this task by being granted monopoly rights to provide ratings.

    They may have already bonussed away most of their funds but I am sure they are required to carry liability insurance.
    Jul 16, 2009. 08:46 PM | 1 Like Like |Link to Comment
  • WSJ sticks up for UBS: "Apart from the diplomatic ramifications, the government's request for so broad a swath of information could well run afoul of the Fourth Amendment's protections against unreasonable search. The Obama Administration should use the court reprieve to rethink the whole case."   [View news story]
    Did the WSJ object when the Bushies were wiretapping honest law abiding US citizens without warrants???
    Jul 14, 2009. 02:38 PM | 1 Like Like |Link to Comment
  • Testifying before the House Committee on Financial Services, Geithner defends the White House's plan to clamp down on regulation of OTC derivatives, including infamous credit-default swaps. Opponents are worried the proposal may drive traders away from standardized products. Here's the webcast. Update: Geithner's prepared remarks.   [View news story]
    Another example of opposing regulations blindly. These are instruments that brought the US economy and the world economy to its knees. Why would a honest trader be opposed to trading on an exchange? Personally, I welcome the lower counter party risk as well as the liquidity.
    Jul 10, 2009. 10:35 AM | Likes Like |Link to Comment
  • Retail sales, already suffering from a dismal economy and bulging unemployment, now have to deal with one of the coldest and wettest Junes on record.   [View news story]
    Weather is just an excuse..a poor one at that. Most likely, June sales will be deferred into July. And if there were a shortfall in sales it will happen with or without bad weather.
    Jun 23, 2009. 11:01 AM | 1 Like Like |Link to Comment
  • Thursday Outlook: Commodities, Global Markets  [View article]
    David:

    Follow your post regularly. One of the best analysis I have seen.

    Can you please explain the Summation index? You seem to think it has critical long term significance. I want to be sure I understand it...Thanks
    Jun 18, 2009. 09:38 AM | 5 Likes Like |Link to Comment
  • OK! let us bring back Paulson.

    He can then threaten to fire everyone if they don't follow his orders!
    Jun 3, 2009. 12:34 PM | 2 Likes Like |Link to Comment
  • Look Who's Buying Natural Gas Now  [View article]
    Disagree.. Larry has great business sense. He gets a huge salary to spout all his garbage. If you believe a word he has to say, then you are the one without business sense


    On May 12 05:54 PM buyforeclosures wrote:

    > Larry Kudlow is the most annoying SOB I have ever listened to...
    >
    >
    > All that fricking Market and red white and blue cheerleading...
    > and continuous pumping markets with his frkn mustard seeds and green
    > shoot crap... and KING dollar...( yeah Larry where is the king now?
    > Getting slammed in the rear in the woodshed thats where! )
    >
    > I am an American and proud of it...but I also know when to take blame
    > and admit it. In Larrys mind the U.S can do no wrong, although we
    > now know that we have screwed up big time in many respects ( Iraq,
    > subprime nightmare...) the guy is an imbecile period...has NO business
    > being on TV and giving any commentary on business cuz he has no business
    > sense whatsoever...like a child he is.
    May 15, 2009. 04:48 PM | 1 Like Like |Link to Comment
  • Larry Kudlow struggles to characterize the new blend of capitalism that has the government asserting regulatory control over key sectors of the economy. State capitalism? Crony capitalism? One thing's for sure: it ain't a free market.   [View news story]
    Larry Kudlow is nothing more than a right wing shill. Why are his thoughts on an economics/business site?
    Apr 22, 2009. 12:12 PM | 3 Likes Like |Link to Comment
  • The SEC is reviewing whether BoA (BAC) broke the law by not telling shareholders about Merrill's planned bonus payments. If the SEC finds BoA at fault, the bank would be subject to civil penalties. BoA says it had no obligation to share the info.   [View news story]
    Somebody explain this to me. The shareholders get cheated by a bad deal made by management. The SEC investigates. Then it slaps civil penalties. The company, i.e. the shareholders then pay the fine!!??
    Apr 14, 2009. 10:18 AM | Likes Like |Link to Comment
  • The AIG (AIG) bonus drama will be a costly one for taxpayers, AIG's Financial Products head Gerry Pasciucco tells WSJ in an interview. 20 staffers quit over the controversy, which Pasciucco says killed morale and stunned employees.   [View news story]
    The same employees that did not have the honor to quit when it turned out that they destroyed the company and the country?
    Apr 13, 2009. 02:37 PM | 3 Likes Like |Link to Comment
  • The SEC has announced it will put 5 variations on short-selling rules up for public comment for 60 days. Two are versions of the uptick rule; three are ways to introduce circuitbreakers.   [View news story]
    Was there a 60 day comment period before the SEC decided to dump the uptick rule and give Bush's Wall Street buddies/contributors the right to destroy the financial system at taxpayer's expense?

    Anwar Bhamla
    Apr 8, 2009. 12:21 PM | 1 Like Like |Link to Comment
  • Talks between IBM (IBM) and Sun Microsystems (JAVA) may extend beyond next week, a source says. The more times this extends from week to week, the more plausible the red herring theory becomes. IBM +0.9%. JAVA +1.6%.   [View news story]
    Let us not overthink this. How does needing more time to do due diligence make the deal unlikely? Sun is large and complex. Research and future plans are clearly not in the public domain.

    Not to say that this is a done deal. It is just as simple as it appears. IBM needs more time to do its due diligence.
    Mar 26, 2009. 01:39 PM | Likes Like |Link to Comment
  • Duke coach to Pres.: "... as much as I respect what he's doing, really, the economy is something that he should focus on, probably more than the brackets."   [View news story]
    To the Duke Coach:

    Maybe, just maybe, the President can walk and chew gum at the same time!
    Mar 19, 2009. 04:44 PM | 4 Likes Like |Link to Comment
  • "At least we haven't yet seen the resolution that was proposed in the English parliament, in 1720 in the aftermath of the South Sea bubble, that bankers be tied in sacks filled with snakes and tipped into the Thames. But it's still early days."   [View news story]
    I am forwarding this to my Congressman and Senators for serious consideration
    Mar 19, 2009. 03:36 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
98 Comments
221 Likes