Wall Street Breakfast: Must-Know News [View article]
I am surprised that all the investment banks aren't maintaining superstratispheric leverage and not just Goldman, in light of the fact that the Federal Reserve has shown it will bail anybody out that's big enough. Talk about moral hazard.
The new leverage limiting factor, if there is any, might just be the size you can puff up to and stay within the limits of the Fed's ability to bail out rather than its willingness to do so.
Will Obama Replace Geithner with Dimon? [View article]
#1 Take care of number one.
#2 When that conflicts with free trade, fair trade, world economic stability or environmental concerns, see the first rule.
Weekly Market Notes: Don't Fight the Fed [View article]
When you don't have the right word, you very likely don't have the correct concept either.
Wall Street Breakfast: Must-Know News [View article]
The new leverage limiting factor, if there is any, might just be the size you can puff up to and stay within the limits of the Fed's ability to bail out rather than its willingness to do so.