Clipmarks | Investment banking Clips

George W's great-grandfather

Sat, 04 Jul 2009 16:30:09 GMT

clipped by: goddabkiddin

George Walker, GW's great-grandfather, set up the takeover of the Hamburg-America Line, a cover for I.G. Farben's Nazi espionage unit in the United States. In Germany, I.G. Farben was most famous for putting the gas in gas chambers; it was the producer of Zyklon B and other gasses used on victims of the Holocaust. The Bush family was not unaware of the nature of their investment partners. They hired Allen Dulles, the future head of the CIA, to hide the funds they were making from Nazi investments and the funds they were sending to Nazi Germany, rather than divest. It was only in 1942, when the government seized Union Banking Company assets under the Trading With The Enemy Act, that George Walker and Prescott Bush stopped pumping money into Hitler's regime. (1)

Time to put "Wealth On Trial" again?

Sat, 04 Jul 2009 05:54:50 GMT

clipped by: Spiritualmonkey
clipper's remarks:

The Pecora hearings resulted in 12,000 pages of transcripts that are still a primary source for historians of the Great Crash, and important New Deal legislation that for the first time regulated the high-handed, free-wheeling banking industry and protected the public from its excesses -- including the Securities Act of 1933, the Securities Exchange Act of 1934 (which established the Securities and Exchange Commission -- Pecora was one of its first commissioners) and the Glass-Steagall Banking Act of 1933, which erected a firewall between commercial and investment banking -- a wall torn down during the Clinton administration, leading to much of our trouble today.

Clip Source: www.salon.com

But back in the '30s, during the depths of the Great Depression, Ferdinand Pecora emerged as an unlikely hero, leading a sensational Senate investigation of what caused the '29 market crash.

Over the last few weeks, public pressure fueled by rage and pain has built for a similar probe of the causes of our current economic collapse, an inquiry that will search for real answers going beyond the hearings that have been held so far -- more heat and wasted fire than illumination. People want to know what really happened, and how we can keep it from happening again.

Under threat of subpoena and under oath, one tycoon after another

was hauled before the committee and grilled relentlessly by Pecora.

They found themselves confessing to a litany of financial sins, including discount stock offerings to VIP "preferred" customers

repackaging bad loans and selling them as bonds to the unsuspecting, and non-payment of income tax.

Tags: ferdinand-pecora, econopocalypse, wall-street, greed, fraud, pecora-comission, wealth-on-trial

test2

Thu, 02 Jul 2009 20:30:54 GMT

clipped by: midzmi

Clip Source: www.maybank2u.com.my

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Costa Rica lawyer

Sat, 27 Jun 2009 10:23:27 GMT

clipped by: pravesh123
clipper's remarks: The law office of Melendez and Bonilla in Costa Rica. Lawyer, Notary, Attorney at Law in Costa Rica, specilizing in commercial, tax, investment, international, banking, real estate, labor, family law.

http://www.costaricalawyer.com/

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Tags: costa rica lawyer

Stephen Dent Facts

Thu, 25 Jun 2009 10:07:57 GMT

clipped by: hardy39841
clipper's remarks: I had never heard of Stephen Dent before my friend Deepak asked me yesterday of him. Deepak is an entrepreneur, and so is more acquainted with the world of investments than I.

Clip Source: stephendent.dtprofile.com

Stephen G. Dent is the president of Dent Inc., a private investment banking firm located in Greenwich, CT. Among his many duties, he is the primary overseer of all of DCI's investment activity.

Tags: stephen dent

About Stephen Dent

Wed, 24 Jun 2009 08:40:45 GMT

clipped by: dtimberlade783
clipper's remarks: I had heard of many of the larger investment banking personalities and companies—but I had never heard of Stephen Dent before yesterday. A very business-minded friend mentioned him and now my interests have been peaked.

Clip Source: stephendent.review-inc.com

Stephen G. Dent is an investment banker and a licensed CPA who holds a BA and a MBA from Harvard University.

Tags: stephen dent

Goldman to pay record bonuses

Tue, 23 Jun 2009 17:24:56 GMT

clipped by: mmarcus

Clip Source: www.forbes.com

Goldman Sachs on Track To Pay Record Bonuses This Year

investment banking giant Goldman Sachs ( GS - news - people ) is on track to pay record bonuses to its executives this year, after a very healthy first half.

Goldman's London staff were told that if this year is the most profitable in the company's history, they would be rewarded with sizable bonus increases.

Citing Goldman insiders, the article attributed Goldman's success so far this year to less competition, as well as higher revenue from currency trading, bonds and fixed-income products.

The same companies who required federal loans to stay afloat were often reported as paying multimillion-dollar bonuses, which has drawn the ire of both taxpayers and the Obama administration.

Goldman received $10 billion from the federal TARP program last year, which it repaid to the federal government last week.

Tags: bonus, goldman sachs, tarp

Legal consultant in Costa Rica

Tue, 23 Jun 2009 10:20:08 GMT

clipped by: jogindar123
clipper's remarks: The law office of Melendez and Bonilla in Costa Rica. Lawyer, Notary, Attorney at Law in Costa Rica, specilizing in commercial, tax, investment, international, banking, real estate, labor, family law.

http://www.costaricalawyer.com/

Clip Source: www.clipmarks.com

Tags: legal consultant in costa rica

Goldman to make record bonus payout

Mon, 22 Jun 2009 18:10:00 GMT

clipped by: etellefs
clipper's remarks: It's a good thing when your "ex" mates control the financial markets, courtsey of Hank Paulson

Clip Source: www.guardian.co.uk

Goldman to make record bonus payout

Phillip Inman

The Observer, Sunday 21 June 2009

Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms.

A lack of competition and a surge in revenues from trading foreign currency, bonds and fixed-income products has sent profits at Goldman Sachs soaring, according to insiders at the firm.

Staff in London were briefed last week on the banking and securities company's prospects and told they could look forward to bumper bonuses if, as predicted, it completed its most profitable year ever. Figures next month detailing the firm's second-quarter earnings are expected to show a further jump in profits. Warren Buffett, who bought $5bn of the company's shares in January, has already made a $1bn gain on his investment.

Hope their nightmare scenario is wrong

Fri, 19 Jun 2009 22:46:29 GMT

clipped by: baydawg
clipper's remarks: but look at that debt vs gdp chart-wow!

Clip Source: www.leap2020.eu

Intoxicated by financiers, world political leaders will be surprised - once again – to see all the problems of last year reappear, all the more severe since they were not addressed but only buried under piles of public money. Once that money has been squandered by insolvent banks compelled to « rescue » even more insolvent rivals, or by ill-conceived economic stimulus plans, problems will re-emerge, further exacerbated. For hundreds of millions of citizens in America, Europe, Asia and Africa, the summer 2009 will be a dramatic transition towards lasting impoverishment due to the loss of their jobs, with no hope of finding new ones in the next two, three or four years, or due to the disappearance of their savings invested in stocks or capital-based pension funds, or in banking investments linked to stock markets or denominated in US dollars or British pounds, or investment in shares of companies pressured to desperately wait for an improvement not coming soon.

Tags: gdp, debt, trends, supertrend

Cultural Dictionary

Wed, 17 Jun 2009 18:10:10 GMT

clipped by: Kelika
clipper's remarks: More - "The dictionary's chapter on ethics reflects, the agency suggests, the deep disillusionment in once-blue-chip institutions, and so, "Goldman Sacked," which refers to someone being canned from the investment banking business. "Madoffing" means scamming someone. To be "Spitzer'd" is to be caught doing a hypocritical act (by the FBI, maybe?). It's worth noting that the disgraced and hapless executive is quickly becoming a stock character in advertising."

My favorite is "Land it like Sully."

Clip Source: www.latimes.com

What do you call the loss of productivity caused by too much time spent on Facebook? "Social notworking." A steeply devalued retirement account? "201(k)." A painfully obsolete cellphone? "Brickberry."

To wait impatiently while the SMS system catches up, for example, is to be "textually frustrated." "Baling out" is F-bombing a helpless underling a la Christian Bale; "Blago" here appears as an expletive, as in "Holy Blago, Christian Bale really Blagoed the pooch!" Some entries are simply Web wastrels, such as "pwn" (to triumph utterly over another) and "gr7" (pretty good, but not gr8). Hit your teenagers with these and watch their eyes narrow with suspicion, or is that respect?

On the other hand, a search for new heroes is embodied in the phrase "Land it like Sully," a reference to the hero of US Airways Flight 1549, Chesley Sullenberger.

"Blackburied" and "Twitterrhea,"

Greed Frosted With Recklessness

Wed, 17 Jun 2009 11:55:39 GMT

clipped by: debbyski
clipper's remarks: "In short the current global financial crisis is a story about people who thought they were the smartest guys in the room and who turned out to be remarkably naïve, reckless or, in some cases, downright stupid."

Clip Source: www.nytimes.com

In her useful new book, Gillian Tett of The Financial Times writes that the global financial meltdown, which economists estimate could result in total losses from $2 trillion to $4 trillion, was “self-inflicted.” Unlike many banking crises, she adds, “this one was not triggered by a war, a widespread recession, or any external economic shock.” Rather, the “entire financial system went wrong as a result of flawed incentives within banks and investment funds, as well as the rating agencies; warped regulatory structures; and a lack of oversight.”

It was also a disaster, he notes, with “plenty of blame to go around,” including “poor regulation, eight years of a failed Republican economic philosophy, Wall Street-friendly Democrats who helped stymie reform, misguided bipartisan efforts to promote home ownership, Wall Street greed, corrupt C.E.O.’s, a botched rescue effort” and poor judgment calls on the part of the Fed

Why are we saving a failed banking system?

Sat, 13 Jun 2009 09:12:48 GMT

clipped by: jasonkelly
clipper's remarks: I've wondered this from the beginning. If the structure was so bad that it could collapse from a slew of deadbeat homeowners, what was the rush to prop it back up again in exactly the same form?

Clip Source: www.nytimes.com

Six months ago, nobody believed that our banking system was well designed, functioning smoothly or properly regulated — so why then are we so desperately anxious to restore that model as the status quo? Nearly every new program emanating these days from the Treasury Department — the Term Asset-Backed Securities Loan Facility, the Public Private Investment Program, the “stress tests” of major banks — appears to have been designed to either paper over or to prop up a system that has clearly failed.

Tags: economy, investing

About Paul Palandjian

Mon, 25 May 2009 01:56:21 GMT

clipped by: jwilcox1978
clipper's remarks: Paul Palandjian is a Senior Advisor at Trinity Group Limited, a business based in the United Kingdom.It is a private investment banking firm founded in 1996.

Clip Source: paulpalandjian.betaflow.com

Paul Palandjian's career in finance began when he spent 15 years as a Principal and Managing Director for Boston-based Intercontinental Real Estate Corporation, a real estate investment advisory firm that specializes in real estate investment, development, construction management, and asset management. During his tenure, Mr. Palandjian held the positions of CFO and President of the company and worked on the Executive and Investment committees. Mr. Palandjian's leadership helped the company's portfolio grow from $200 million to over $1.4 billion across all property types.

Tags: paul palandjian, trinity group, trinity group limited

Paul Palandjian InformationOne of the Senior Officers at Trinity Group Limited is Paul Palandjian. H

Sun, 24 May 2009 08:45:33 GMT

clipped by: dtimberlade783
clipper's remarks: One of the Senior Officers at Trinity Group Limited is Paul Palandjian. He was once in Boston's 40 Under 40, owned his own business, and was responsible for the development of Nine Zero Hotel in Boston.

Clip Source: paulpalandjian.4worklife.com

He serves as a Senior Advisor of the UK-based Trinity Group Limited, a private investment-banking firm established in 1996. In 2006, Mr. Palandjian stared the company, Somerset Equity Advisors, LLC, which formed a partnership with Trinity to serve a combined list of clients and to develop new business.

Tags: paul palandjian, trinity group, trinity group limited

Clipmarks | Investment banking Clips

George W's great-grandfather

Time to put "Wealth On Trial" again?

test2

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Costa Rica lawyer

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Stephen Dent Facts

About Stephen Dent

Goldman to pay record bonuses

Legal consultant in Costa Rica

Goldman to make record bonus payout

Goldman to make record bonus payout

Hope their nightmare scenario is wrong

Cultural Dictionary

Greed Frosted With Recklessness

Why are we saving a failed banking system?

About Paul Palandjian

Paul Palandjian InformationOne of the Senior Officers at Trinity Group Limited is Paul Palandjian. H