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19 Resources for

financial and markham lee

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AIG and the Free Lunch Myth
Markham Lee submits: Monday's WSJ had a rather astounding passage contained within an article on AIG and the risk models utilized within their Credit Default Swap business referred to as their Financial Products Unit: From the WSJ: "AIG began selling credit-default swaps around 1998. Mr. Gorton's work...
Tags: American International Group Inc., Seeking Alpha, Markham Lee, Operational Accounting, Finance, Financial
External links 2008-11-05
The Citi Rescue: On Our Way to Nationalized Banking?
Markham Lee submits: So this morning's big story is the Government's rescue of Citibank C, let's take a look at various stories on the situation, starting with coverage from the WSJ: From the WSJ: "The federal government agreed Sunday night to rescue Citigroup Inc. by...
Tags: BG Group plc, BP Plc, Citigroup Inc., F.C.C. Co. Ltd., Financial, Markham Lee, TNK-BP
External links 2008-11-24
Citigroup Proves 'Blue Chips' Aren't Infallible
Markham Lee submits: The graphic below is a time-line of the Citi C debacle courtesy of the WSJ click to enlarge by Markham Lee
Tags: BG Group plc, BP Plc, Citigroup Inc., F.C.C. Co. Ltd., Financial, Markham Lee, TNK-BP
External links 2008-11-24
Fannie Mae Halting Evictions on Renters in Foreclosed Homes
Markham Lee submits: This story isn't likely to get much attention but I still find it quite interesting, Fannie Mae FNM is implementing a new policy where it will halt eviction proceedings for renters in foreclosed homes. The idea is that it imposes a hardship on the renters, and since...
Tags: Financial, Markham Lee, Fannie Mae, Freddie Mac
External links 2008-12-16
John Thain: A Look Back
Markham Lee submits: Courtesy of the WSJ's deal Journal, here is a quick look at some of the key events, quotes and actions from John Thain's tenure as CEO of Merrill Lynch: From the WSJ: "Organizational Behavior by Markham Lee
Tags: Financial, Markham Lee, Bank of America Corp.
External links 2009-01-27
More on the BofA / Merrill / John Thain Merger Debacle
Markham Lee submits: Here are some additional items related to John Thain's veritable execution: First, some humor: by Markham Lee
Tags: Financial, Markham Lee, Bank of America Corp.
External links 2009-01-27
AIG's at It Again with Ludicrous $450M 'Retention Pay' Scheme
Markham Lee submits: Normally I don't get quite as upset about things like this as many folks do, as I often think it is indeed a necessary part of doing business, and feel the need to weigh gut reaction populist anger with business reality. BUT, this is just beyond ridiculous:...
Tags: Financial, Markham Lee, American International Group Inc.
External links 2009-01-28
AIG: Forget about Retention Pay and Buy Them Pizza Instead
Markham Lee submits: After reading about the cash that [[AIG]] is forking over in "retention pay," it occurred to me that I'm working with the wrong people, because when faced with a similar situation in the past within a very profitable business unit no less, the response from management was:...
Tags: Financial, Markham Lee, American International Group Inc.
External links 2009-01-28
On Citibank, TARP, Press Releases and Gratitude
Markham Lee submits: Citibank has woken up and realized it needs to play the public relations game, as the company recently issued a press release detailing how the funds it received under the TARP program were used. Of course while the data in the report is...
Tags: BG Group plc, BP Plc, Citigroup Inc., F.C.C. Co. Ltd., Financial, Markham Lee, TNK-BP
External links 2009-02-04
Goldman's Blankfein on the Credit Crisis and Regulation: Not Far Enough
Markham Lee submits: The CEO of Goldman Sachs wrote an Op-Ed in Monday morning's FT that discusses some of the mistakes that led to the credit crisis, and proposes a few solutions in terms of regulation and how the banks should approach the markets, risk management and compensation. Finally he...
Tags: Financial, Markham Lee
External links 2009-02-10
Competent Banking CEOs: They Do Exist
Markham Lee submits: Here is a WSJ article discussing how the CEOs of banks that refused TARP funds spent their day yesterday. If you recall I suggested the need to create an oversight board from the private sector to manage the government's investments in the banking sector, provide...
Tags: Financial, Markham Lee, Bank of America Corp., Citigroup Inc.
External links 2009-02-13
Whatever Happened to 'Just Plain Stupid'?
Markham Lee submits: This crisis is going to be analyzed to death over the coming decades, and our bookstores, libraries and B-schools will be full of books and case studies analyzing and discussing the cases. Everything from bad risk models, to derivatives, to deregulation, to lax regulatory enforcement, financial policies,...
Tags: Financial, Markham Lee
External links 2009-02-19
It's Time for the Government to Rethink It's Relationship with AIG
Markham Lee submits: Here is an update on the latest with the never-ending debacle that is [[AIG]]: From The WSJ: "American International Group Inc. is seeking an overhaul of its $150 billion government bailout package that would substantially reduce the insurer's financial burden, while further exposing...
Tags: Financial, Markham Lee, American International Group Inc.
External links 2009-02-26
Citi Update: Government Closes in on Beefed Up Deal
Markham Lee submits: It appears that the government is close to a deal in which they will take a larger stake in Citibank C: From the WSJ: "Citigroup Inc. and the U.S. are close to an agreement in which the government will substantially increase its stake...
Tags: BG Group plc, BP Plc, Citigroup Inc., F.C.C. Co. Ltd., Financial, Markham Lee, TNK-BP
External links 2009-02-27
Hank Greenberg Sues AIG Over a Problem He Helped Create
Markham Lee submits: Former AIG CEO Hank Greenberg suing his former company for "misleading investors" as a result of a $2 billion loss from [[AIG]] stock, has to be the most ridiculous thing I've come across in some time. How in the world can a sane person think that they...
Tags: Financial, Markham Lee, American International Group Inc.
External links 2009-03-05
The AIG Bonuses and Selective Vilification
Markham Lee submits: Here is an interesting counter-argument on the [[AIG]] bonuses furor that basically boils down to the following: what the AIG executives are doing in terms of receiving bonuses, is no different from the irresponsible greed on the rest of Wall St. or on Main St. for that...
Tags: Financial, Markham Lee, American International Group Inc.
External links 2009-03-18
On Foxes, Henhouses and Questionable Treasury Appointments
Markham Lee submits: I know this is old news but I still want to comment on this one: I have to say that I'm surprised at the lack of outrage and/or incredulousness over the news that Citibank's Chief Economist has been appointed to join the...
Tags: Financial, Markham Lee, Citigroup Inc., UBS AG
External links 2009-03-24
The AIG Death Star
Markham Lee submits: Hey don't look at me like that, you know full well that this is the level some of the populist furor over the economy ([[AIG]] in particular) is starting to reach… click to enlarge by Markham Lee
Tags: Financial, Markham Lee, American International Group Inc.
External links 2009-03-31
Dear Mr. Greenberg: Please Stop Talking in Public
Markham Lee submits: In "please stop talking you're embarrassing yourself" news, Maurice Greenberg is once again beating the drum of "everything was great at AIG when I was there." Apparently he wants us to pretend that he didn't create the divisions, policies and strategies that destroyed the company, and put...
Tags: Financial, Markham Lee, American International Group Inc.
External links 2009-04-03

Additional Resources

Roubini: The Dr. Doom of the Financial Markets
Markham Lee submits: No, comic book fans, this post is not about Victor Von Doom the Monarch of Latveria and recurrent nemesis of the Fantastic Four, and no we will NOT be discussing why I know that. Since the financial markets are arguably the world's greatest argument...
Tags: Financial
External links 2008-08-15
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