Money and Finance
- Inside The Showdown Atop Pimco, The World's Biggest Bond Firm
Link to article: Inside the Showdown Atop Pimco, the World's Biggest Bond FirmNEWPORT BEACH, Calif.—Tension increased at Pacific Investment Management Co.'s headquarters here last summer. The bond market was under pressure, losses grew and clients...
- Help Us, Nate Silver!
Thanks to Mike for passing this along. Statistics cannot be any smarter than the people who use them. And in some cases, they can make smart people do dumb things. One of the most irresponsible uses of statistics in recent memory involved the mechanism...
- Jim Chanos Saw Autonomy's Problems...
While alleged fraud at Autonomy may have been a surprise to Hewlett-Packard, its auditors, its bankers and its executives, it wasn’t to short-seller Jim Chanos. Chanos told me this morning that in early 2011, months before the HP-Autonomy deal, Autonomy...
- Former Imf Economist Says He's ‘ashamed’ Of Links To Fund
The full letter is posted HERE. An International Monetary Fund economist who said he is leaving the institution wrote that he is “ashamed” of being associated with it and criticized it for what he said was a failure to send warnings about the global...
- Alternative Brokerages
When it comes to investing there's more than the normal definition of investing across multiple companies that operate in different sectors of the economy. There's also diversification among the brokerages that you have capital invested at....
Money and Finance
MF Global risk officer says ousted after warnings
The former chief risk officer at MF Global who raised red flags about the firm's aggressive trading bets told lawmakers that his warnings contributed to the firm's decision to let him go in early 2011.
Michael Roseman, who was ousted in January 2011 from the now-bankrupt futures brokerage, said he rang alarm bells about the firm's exposure to European sovereign debt a year before the firm collapsed in late October of 2011.
"My views on risk certainly played a factor in that decision," Roseman told a House Financial Services subcommittee, about why he was asked to leave the firm.
- Inside The Showdown Atop Pimco, The World's Biggest Bond Firm
Link to article: Inside the Showdown Atop Pimco, the World's Biggest Bond FirmNEWPORT BEACH, Calif.—Tension increased at Pacific Investment Management Co.'s headquarters here last summer. The bond market was under pressure, losses grew and clients...
- Help Us, Nate Silver!
Thanks to Mike for passing this along. Statistics cannot be any smarter than the people who use them. And in some cases, they can make smart people do dumb things. One of the most irresponsible uses of statistics in recent memory involved the mechanism...
- Jim Chanos Saw Autonomy's Problems...
While alleged fraud at Autonomy may have been a surprise to Hewlett-Packard, its auditors, its bankers and its executives, it wasn’t to short-seller Jim Chanos. Chanos told me this morning that in early 2011, months before the HP-Autonomy deal, Autonomy...
- Former Imf Economist Says He's ‘ashamed’ Of Links To Fund
The full letter is posted HERE. An International Monetary Fund economist who said he is leaving the institution wrote that he is “ashamed” of being associated with it and criticized it for what he said was a failure to send warnings about the global...
- Alternative Brokerages
When it comes to investing there's more than the normal definition of investing across multiple companies that operate in different sectors of the economy. There's also diversification among the brokerages that you have capital invested at....