Gulfstream

Remains of the Day (www.eugenewei.com):
… Wall Street that he'd forecast after his days at Salomon Brothers. Both Lewis and James Surowiecki of The New Yorker emphasize that one of the amplifiers of this recent financial blood bath was the decision of investment banks to go public. Surowieckiwrote: All, then, seemed good. But, for Wall Street firms, going public was a deal with the devil, because it meant exposing themselves to what was, in effect, a minute-by-minute referendum, in the form of the stock price, on the health of their …

techno (technosoc.blogspot.com):
… the stock exchange ). We can read from the official site of NYSE: Public Can Own Member Firms March 26 1970 Public ownership of member firms is approved for the first time And, maybe, it was the beginning of the end... James Surowieckiwrote(29 September 2008; The New Yorker): [...] All, then, seemed good. But, for Wall Street firms, going public was a deal with the devil, because it meant exposing themselves to what was, in effect, a minute-by-minute referendum, in the form of the stock price, on the healt …

Newley Purnell (newley.com):
… out of the dollar, and we will get real, honest-to-God 70s style stagflation. And then we will wait for the next Volker. I suggest reading the whole post. RealClearMarkets.com is a good source for ongoing news. Thanks to Lan Anh N. for the tip.The New Yorker’s James Surowiecki has a piece called “Public Humiliation,” in which he concludes: Considering that Wall Street firms spend all day dealing with the market, they have been slow to understand just how vulnerable they were to it. Companies like …

Economist's View (economistsview.typepad.com):
… Modest steps for a new Bretton Woods - Barry EichengreenPublic Humiliation - James SurowieckiWhat Is Liquidity Risk? - FRBSF Economic Letter A helping hand to homeowners - The Economist Democratisation and growth: A within-country comparison approach - Vox EU Treasury weighs next move amid signs of global recession - McClatchy …

xsml (www.josemarquez.com):
… a hundred investors to bet on a horse race. And then, as the race was underway, and your horse trailing by a head, your backers decided to collect on their loans, with interest, one by one. Recognizing that investment banks are organized gambling,James Surowiecki …

Tuvshin's Web Log (tuvshin77.blogspot.com):
… - American intellectuals in defense of torture? Presidential Campaign Commercials 1952-2008 On recent financial crisis: Why Houses Cost More in Summer: An economics mystery has finally been solvedPublic Humiliationby James Surowiecki Diamond and Kashyap on the Recent Financial Upheavals Henry Paulson, Socialist: Republicans admit the free market doesn't work Republican-uud turul ariljiv uu? The Wall Street Bailout Plan, Explained …

Law21 | Dispatches from a legal profession on the brink (law21.ca):
… Brand names, history, branches on the prime corner of small towns – they don’t mean a thing unless there’s confidence. Ask anyone who worked for Northern Rock, IndyMac, Washington Mutual, Wachovia, Bear Stearns, Lehman Brothers …. And here’sJames Surowiecki in the New Yorker: [T]he entire edifice of Wall Street is built on confidence. Investment banks rely on short-term debt to run their businesses, and their businesses consist of activities — trading, deal-making, money management — that depend on people’s faith in …

Slaw (www.slaw.ca):
… Brand names, history, branches on the prime corner of small towns – they don’t mean a thing unless there’s confidence. Ask anyone who worked for Northern Rock, IndyMac, Washington Mutual, Wachovia, Bear Stearns, Lehman Brothers …. And here’sJames Surowiecki in the New Yorker: [T]he entire edifice of Wall Street is built on confidence. Investment banks rely on short-term debt to run their businesses, and their businesses consist of activities — trading, deal-making, money management — that depend on people’s faith in …

Dead Zone Times (www.deadzonetimes.com):
… dread such blatant government intervention in their beloved and inaccurately named “free market.” The September 29 New Yorker, on the other hand, offers a more nuanced analysis of why the Wall Street crisis and its remedy are such a muddied mess.James Surowieckiobserves that the collective enterprise known as “Wall Street” is basically a confidence game in the sense of being dependent upon each player’s “faith” that his or her fellow players can actually deliver on their promises. …

Deal Journal - WSJ.com (blogs.wsj.com):
… Financial Institutions Investment banks: If they hadn’t become publicly traded, none of this would have happened. Sort of. [The New Yorker] Goldman Sachs: Alumni gathered at the New York Public Library last week to light their cigars with $20 bills. No, that’s not true. They just talked about the future, and maybe playfully accused Jon Corzine of not doing more to help. [ …

Consider the Evidence (lanekenworthy.net):
… Where did we go wrong?, by Dani Rodrik Everybody calm down: a government hand in the economy is as old as the republic, by Robert Shiller Taxpayers can still benefit from a bailout, by Lawrence SummersPublic humiliation, by James Surowiecki Reactions to Monday’s House rejection of the bailout plan, by Mark Thoma Worst crisis since ’30s, with no end yet in sight yet, Wall Street Journal U.S. politics Having a beer …

Culturebot (www.culturebot.org):
… caveat - not that I really have any idea what the bailout will really accomplish, still less what goes into success on this issue… Amazing… which reminds me a little of this article in the New Yorker that said: …

Can Turtles Fly? A Contrarian Investing Blog (can-turtles-fly.blogspot.com):
… of an impact than on production-oriented countries. I would be very wary of wandering into China, Vietnam, Phillipines, or other similar nations right now. I think one should start researching now but I'm not sure if investing now is the best thing.The New Yorker's James Surowiecki on the current crisis: He's a great financial writer for non-financial readers. Bailout, the musical You know the financial crisis is getting serious when artistic/literary publications like The New Yorker start parodying it in a musical. Really good musical written by …

There's My Two Cents (theresmytwocents.blogspot.com):
… http://www.nytimes.com/2008/09/21/business/21cong.html?_r=2&th=&adxnnl=1&oref=slogin&emc=th&adxnnlx=1222179194-XZh15jehnnLb7ChhhK0bAg http://www.ftportfolios.com/Commentary/EconomicResearch/2008/9/22/heres_a_plan_to_avoid_a_new_rtchttp://www.newyorker.com/talk/financial/2008/09/29/080929ta_talk_surowieckihttp://www.realclearpolitics.com/articles/2008/09/the_great_confidence_game.html http://corner.nationalreview.com/post/?q=ODhkOTJjMTg3MjA0NzRkYTJlOGIzNzc1YmVlMDJmYTU= …

Brian Dickie (briandickie.typepad.com):
… way.  My lunch date was Karen Fishman, the brilliant Executive Director of Music of the Baroque.  We share much together - and that does not exclude optimism that somehow we will still all be here this time next year! Back to finance - I thought thatthis piece in the New Yorkerdated September 29 put it well.  A good read - recommended. …

Musafir's Musings (pacetua.blogspot.com):
… and those in their teens and 20s. The president, in his speech to the nation on September 24th, didn't mention a word about those responsible for the debacle. How could he? He was one of them. John McCain seeking brownie pointsJames Surowieckiin The New Yorker Before the government stepped in last week, the bodies of financial institutions—Lehman Brothers, Merrill Lynch, and A.I.G., with Washington Mutual and even Morgan Stanley threatening to be next—were piling up so fast it seemed possible that …

TheWebpreneur.com - Everything web and business. By Nick O'Neill (thewebpreneur.com):
… Bailout Agreement Unraveling? Deal May Be Dead: Democrats Blaming McCainPublic Humiliation: Financial Page: The New YorkerThe doctors' bill Will Paulson's Plan Work? America's economy | Getting worried downtown | Economist.com Image:Subprime diagram.png - Wikipedia, the free encyclopedia The $700 Billion Question Where did the government get $85 billion to bail out AIG? - …

CQ Politics | 2008 Campaigns, News, Blogs, Race Ratings, CQ Election Map (www.cqpolitics.com):
… NEW YORK TIMES McCain Bets on Voters'Verdict | WASHINGTON POST McCain's Latest, Crazy, Brilliant, Desperate Cmapaign Tactic | SLATE Karl Rove: The First Debate is the Most Important | WALL STREET JOURNALJames Surowiecki on the Perils of Being a Publicly Traded Bank| NEW YORKER McCain's Image as a reformer Takes a Hit | LOS ANGELES TIMES How Rivals Will Seek Edge in First Debate | CHICAGO TRIBUNE Prosecutor: Stevens Used Veco as his own "Handyman Service" | ANCHORAGE DAILY NEWS …

Gulfstream – Beebo (beebo.org):
… http://www.newyorker.com/talk/financial/2008/09/29/080929ta_ talk_surowieckiJames Surowiecki: “All companies, of course, worry about how their stock is doing. But for most the stock price is a product of performance, rather than a cause of it. If Procter & Gamble’s stock plummeted tomorrow, people would still keep …