Description: NYSE Euronext CEO, Duncan L. Niederauer, says his exchange slowed trades of stocks including 3M, Accenture and P&G during the 998 point drop. Source: CNNMoney.com – video report  Date: 05/07/2010 Link: http://money.cnn.com/video/markets/2010/05/06/mkts_nyse_ceo.cnnmoney/ Questions for discussion: Summarize the description given of how the NYSE actually works in comparison to other competing markets. Is there an… Read more »
Posts Categorized: Governments & Regulators
AM Report: Strike Tests Greece, Europe
Description: Greece was gripped by a nationwide general strike, in what is seen as a key test of the government’s ability to shepherd through tough austerity measures in exchange for a multibillion-euro bailout. Charles Forelle, Evan Newmark and Mike Reid discuss. Source: Marketwatch.com – video report  Date: 05/05/2010 Link: http://www.marketwatch.com/video/asset/am-report-strike-tests-greece-europe/58C75EFA-FA3A-4325-9531-E972A0FBC338 Questions for discussion: How… Read more »
Yesterday’s market swerve: fat fingers, glitch, or cyber-warfare?
Description: Theories about yesterday’s stock market swoon, where within a matter of 20 minutes, the stock market plunged by 1,000 points and then nearly completely recovered, are abounding. Fortune asked Rishi Narang, founder of the hedge fund Telesis Capital and author of Inside the Black Box, to share the theories he’s heard and handicap them… Read more »
Buffett’s stance on derivatives
Description: Fortune’s Andy Serwer talks about how the Senate’s proposed financial reforms will affect Berkshire Hathaway’s derivatives holdings. Source: CNNMoney.com – video report  Date: 04/29/2010 Link: http://money.cnn.com/video/fortune/2010/04/29/f_sl_buffett_derivatives_berkshire.fortune/  Questions for discussion: How much influence do you think Buffett can have in the current debate about derivatives? Would Buffett joining the management of Goldman be a… Read more »
Goldman Sachs Loses Room to Maneuver After Public Testimony
Description: Goldman Sachs Group Inc. may have backed itself into a corner by speaking out quickly to counter fraud claims by the U.S. Securities and Exchange Commission. Source: Bloomberg.com  Date: 05/01/2010 Link: http://www.bloomberg.com/apps/news?pid=20601103&sid=avI7OhdudjWc Questions for discussion: In terms of public opinion, McCormick said, Goldman Sachs has “already been condemned, the question is the price.  Read more »
Did Goldman Do Anything Wrong?
Description: When it comes to laying the blame on Goldman Sachs, Wealth Adviser columnist James Altucher says, “not so fast.” Nevertheless, he tells investors to stay away from buying the stock until the flames cool down. Source: Marketwatch.com – video report  Date: 04/23/2010 Link: http://www.marketwatch.com/video/asset/did-goldman-do-anything-wrong/E02B7836-3C8D-4719-A7EB-DE47036348DF Questions for discussion: So, in your opinion, did Goldman… Read more »
How credit watchdogs fueled the financial crisis
Description: A slew of internal e-mails from the leading credit rating agencies show employees at those firms knew of the dangers in subprime mortgages, but gave them the seal of approval anyway. Source: CNNMoney.com Date: 04/24/2010 Link: http://money.cnn.com/2010/04/23/news/economy/credit_rating_agencies_hearing/index.htm  Questions for discussion: Do you agree with the analysis presented? What actions should be taken by… Read more »
Competition, lack of data drove flawed credit ratings
Description: During the buildup to the financial crisis, major rating agencies Moody’s Corp. and Standard & Poor’s Inc. were understaffed, didn’t have enough data about the mortgage securities they were rating and were pressured by each other and investment bankers to issue overly rosy ratings, a lawmaker said Friday. Source: Marketwatch.com  Date: 04/23/2010 Link:… Read more »
SEC Risks Harm With High-Frequency Trading Curbs, CME CEO Says
Description: Regulators would harm U.S. equities trading if they toughened restrictions on computer-driven strategies that have largely replaced human market makers, CME Group Inc. Chief Executive Officer Craig Donohue said. Source: Bloomberg.com  Date: 04/24/2010 Link: http://www.bloomberg.com/apps/news?pid=20601103&sid=aVkTbg7q8Lwo Questions for discussion: Do you agree with the concerns expressed by Donohue? Can this type of activity be… Read more »
SEC director talks tough about Goldman
Description: Director of Enforcement Robert Khuzami discusses the charges against Goldman Sachs during a panel at Tulane University’s Corporate Law Institute. Source: CNNMoney.com – video report  Date: 04/16/2010 Link: http://money.cnn.com/video/news/2010/04/16/n_Goldman_SEC_lawsuit_Khuzami.cnnmoney/ Questions for discussion: Summarize the accusations against Goldman and Paulson. Is this just a matter of full disclosure? What impact do you think this… Read more »
