Category: "Financial Markets & Real Estate"

A Dark Day for Solar Power

First Solar Corporation was indeed first at something: It was the first solar company to lose more than $15 billion of market value. FSLR's stock plummeted from $140 per share a year ago, and $170 a few weeks before that, to under $21 per share early t… more »

Hackers Got My Card Numbers

The computer systems of a major credit card payment processing company called Global Payments have been hacked, reportedly compromising information on un to 1.5 million credit card account numbers. Two of my credit cards (one MasterCard and one America… more »

Corzine fingerprints on MF Global transfer

On page 3 of a memo from the staff of the House Financial Services Committee to the committee's members, it is revealed that Ms. Edith O'Brien, the former Assistant Treasurer of MF Global, wrote in an e-mail that a transfer of $200 million out of MF's… more »

Market melancholia

After half an hour of trading on Tuesday, the stock market is having its worst day in several months, with the S&P 500 down more than 16 points, or about 1.2 percent. The Dow Jones Industrial Average is down just over 140 points, and the Nasdaq… more »

The Collapse of Jon Corzine

My first-ever feature-length article written for a print publication is now available online, and I hope you'll read it. The article, the title of which speaks for itself, ran in the February print edition of The American Spectator. Please click on the… more »

Derivative to the fourth power

It's been an insane few days at work for me, as I've been trading, with something quite unlike success, the VIX. The VIX is the CBOE Volatility Index, and you can trade futures or options on it. So, stay with me here for a minute: The Standard and Poo… more »

Op-ed: Obama's fatal conceit

I'm very pleased to let you know that the Colorado Springs Gazette ran (in their Sunday edition) an guest column by me which I wrote in response to Barack Obama's exclusive piece in that same paper calling for a Homeowner's Bill of Rights. Obama's soci… more »

Good news percolating on housing

Housing and employment are perhaps two of the most interconnected and politically important economic statistics. Thus, Wednesday's various housing-related data releases -- all of which are positive -- are a welcome sign of things to come, should Europ… more »

SEC suing former Fannie, Freddie execs

The SEC is suing the former CEOs of Fannie Mae and Freddie Mac for misrepresenting the percentages of those firms investment portfolios which were held in sub-prime loans. While Daniel Mudd and Richard Syron are being named individually, the firms… more »

MF Global and CFTC's Epic Fail

In December, 2010, the Commodity Futures Trading Commission considered a rule change which would have prevented futures brokers from investing their firm's money or borrowed client money in foreign sovereign debt. Jon Corzine, then CEO of MF Global, lo… more »
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