And now comes some news about the Facebook (FB) IPO that buyers deserve to be outraged about. Reuters' Alistair Barr is reporting that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS) all cut their earnings forecasts for the company in the middle of the... Read more...
Revisiting the Wikileaks Stratfor trove, we get an inkling of how politics work in America, circa 2008. An internal email exchange at the intelligence front operation (with honest to god CIA cronies) reveals vote fraud in Ohio and Philadelphia during the election. Obama’s use of thugs to inti... Read more...
WASHINGTON (CNNMoney.com) -- As lawmakers start trickling back to Washington next week, a panel tasked with investigating the financial crisis is set to make its first big splash. The Financial Crisis Inquiry Commission, a 10-member panel appointed last summer by Congress, will hold public hear... Read more...
6. Goldman Sachs CEO: Lloyd Blankfein 2007 compensation: $70 million 2008 compensation: $1.1 million 9-month compensation pool: $16.7 billion Workers: 31,700 Average compensation: $526,813 Loans, 2009 vs. 2008*: $41.6 billion vs. 41 billion (1.5%) 5. Morgan Stanley CEO: John Mack (who is s... Read more...