http://www.wallstreetsmackdown.com/index.php/ en editor@wallstreetsmackdown.com Copyright 2008 2008-07-02T12:33:01-05:00 http://www.wallstreetsmackdown.com/index.php/article/dick_grasso_wins_right_to_be_filthy_rich/ http://www.wallstreetsmackdown.com/index.php/article/dick_grasso_wins_right_to_be_filthy_rich/#When:11:33:01Z The battle to strip the former NYSE Chairman of a windfall $190 million final payment for his years at the exchange is over and Dick Grasso is sitting pretty. 2008-07-02T11:33:01-05:00 http://www.wallstreetsmackdown.com/index.php/article/talk_of_lehman_take_under/ http://www.wallstreetsmackdown.com/index.php/article/talk_of_lehman_take_under/#When:11:09:00Z After talk of a bid for Lehman Brothers by a rival firm substantially below its current price dropped the share price below $20/share it has rebounded. 2008-07-01T11:09:00-05:00 http://www.wallstreetsmackdown.com/index.php/article/merrill_lynch_may_part_with_treasured_assets/ http://www.wallstreetsmackdown.com/index.php/article/merrill_lynch_may_part_with_treasured_assets/#When:10:37:00Z With the markets taking a nosedive along with the economy Merrill Lynch CEO John Thain may have to consider parting with their investments in Bloomberg and Blackrock in order to survive. 2008-07-01T10:37:00-05:00 http://www.wallstreetsmackdown.com/index.php/article/new_bonus_system_at_citigroup_to_make_everyone_play_nice/ http://www.wallstreetsmackdown.com/index.php/article/new_bonus_system_at_citigroup_to_make_everyone_play_nice/#When:11:51:00Z Citigroup’s current bonus system is the cause of in-fighting and less co-operation between divisions at the bank according to CEO Vikram Pandit. 2008-06-30T11:51:00-05:00 http://www.wallstreetsmackdown.com/index.php/article/biggest_financial_crime_ever_perpetuated/ http://www.wallstreetsmackdown.com/index.php/article/biggest_financial_crime_ever_perpetuated/#When:11:35:01Z That is just one of the quotes in Vanity Fair’s investigative piece on the collapse of Bear Stearns.  2008-06-30T11:35:01-05:00 http://www.wallstreetsmackdown.com/index.php/article/200_oil_would_bring_down_global_economy/ http://www.wallstreetsmackdown.com/index.php/article/200_oil_would_bring_down_global_economy/#When:11:27:00Z According to Deutsche Bank’s Chief Energy Economist Adam Sieminski $200 a barrel oil would collapse the global economy. 2008-06-25T11:27:00-05:00 http://www.wallstreetsmackdown.com/index.php/article/goldman_hedge_funds_back_from_the_brink/ http://www.wallstreetsmackdown.com/index.php/article/goldman_hedge_funds_back_from_the_brink/#When:11:00:00Z The two hedge funds run by Goldman Sachs on the verge of collapse last summer in 2007 are on the comeback in 2008. 2008-06-25T11:00:00-05:00 http://www.wallstreetsmackdown.com/index.php/article/new_york_stock_exchange_plants_stake_in_mid_east_exchange/ http://www.wallstreetsmackdown.com/index.php/article/new_york_stock_exchange_plants_stake_in_mid_east_exchange/#When:11:53:00Z The NYSE has bought a 25 percent stake in the Doha Securities Market.  Beating out rivals LSE and Deutsche Borse. 2008-06-24T11:53:00-05:00 http://www.wallstreetsmackdown.com/index.php/article/goldman_admits_mistake/ http://www.wallstreetsmackdown.com/index.php/article/goldman_admits_mistake/#When:11:26:00Z You heard right.  Goldman was wrong and they admitted it.  It takes a big investment bank to go back on a call concerning their own sector.  2008-06-24T11:26:00-05:00 http://www.wallstreetsmackdown.com/index.php/article/bond_insurers_ask_investment_banks_to_rip_up_their_policies/ http://www.wallstreetsmackdown.com/index.php/article/bond_insurers_ask_investment_banks_to_rip_up_their_policies/#When:11:39:00Z Bond Insurers, Ambac, FGIC and MBIA are negotiating with financial firms to more or less rip up the insurance the monolines sold to them to cover potential losses on their CDS contracts.  2008-06-23T11:39:00-05:00