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Blogs about: Stupid Investment Managers

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Nothing right with California (except for Apple Inc.)

innerdaemon wrote 5 months ago: Pension funds go boom bust (via Balloon Juice): Reporting from Sacramento—California’s huge governme … more →

Tags: Stupid risks, What wall street meltdown?, wealth divide

Fed and FDIC are fighting the creation of the new consumer protection agency

innerdaemon wrote 5 months ago: They are, after all, fighting a proxy fight on behalf of their corporate overlords and bribers funde … more →

Tags: corporate cronyism, corruption, stupid bankers

Cash4Crap

innerdaemon wrote 5 months ago: Why wouldn’t Morgan sell more crap when they know that Geithner and Summers will come riding t … more →

Tags: Stupid Treasury Heads, stupid bankers

Greed is due to return to Wall Street

innerdaemon wrote 6 months ago: Whew. I missed unbridled greed and corruption the last few weeks: “Greed will come again. But for no … more →

Tags: Ponzi Schemes, stupid bankers

Maybe Gramm is on UBS's tax evader list

innerdaemon wrote 6 months ago: UBS must cough up names of tax evaders: Swiss bank UBS AG “systematically and deliberately … more →

Tags: Stupidly run banks, corruption

There will be bonuses for Legg Mason CEO

innerdaemon wrote 6 months ago: So what if they had a loss: Equally interesting is that while the board set Fetting’s bonus at 21% o … more →

Tags: corruption, Buffoons

Harvard staff dropping like its endowment

innerdaemon wrote 6 months ago: Nice job, HBS grads: Harvard to cut 275 jobs, cites dropping endowment Harvard University is cutting … more →

Tags: harvard, stupid schools

Famous last words: BlackRock edition

innerdaemon wrote 6 months ago: Chief Says BlackRock Isn’t ‘Too Big to Fail’ … more →

Tags: Stupid hedge funds

Shareholderswell protecetd in BGI-BlackRock deal

innerdaemon wrote 6 months ago: Because he led them through the wilderness and sold a firm with $2.7T in assets for $13.3B: Barclays … more →

Tags: Stupid banks, Stupidly run banks, stupid bankers

Another thing Larry Summers screwed up

innerdaemon wrote 6 months ago: Haavard: While the failed presidency of Lawrence Summers generated  more headlines, this quiet crisi … more →

Tags: Stupid hedge funds, Stupid risks

Barclays: a fail of immense proportions

innerdaemon wrote 6 months ago: Didn’t these fools just buy Lehman Brothers? Wow: Under terms of the deal, BlackRock (BLK 182. … more →

Tags: Stupid banks, Stupid hedge funds, Stupid Private Equity, stupid bankers

SEC finally gets around to investigating pension fund corruption

innerdaemon wrote 6 months ago: Lock ‘em up: The Securities and Exchange Commission has asked more than two dozen pension fund … more →

Tags: Stupid hedge funds, corruption

Financial engineering

innerdaemon wrote 7 months ago: Built with chinese drywall: Noble Partners reportedly told investors that it was closing down and re … more →

Tags: Stupid hedge funds

Suffering the fate of many of their grads on wall street

innerdaemon wrote 7 months ago: Haavard: According to the university’s 2008 financial report, in the next 10 years it must pay vario … more →

Tags: Stupid risks

Because Goldman knows that their back is always covered

innerdaemon wrote 7 months ago: Why do they have to worry about consequences of their actions or even know what the fuck the actions … more →

Tags: Hank & Neel - bald-headed clueless wonder twins, Stupid Treasury Heads, Buffoons

AIG retention bonus

innerdaemon wrote 7 months ago: So that’s how retention bonuses work Retiring From A.I.G., but Staying on the Payrol Back in M … more →

Tags: corruption

It's not the press that's killing AIG

innerdaemon wrote 7 months ago: It’s your management: Adverse publicity and public reaction to events concerning AIG has had a … more →

Tags: Stupid risks, corruption, stupid bankers

How Goldman closed the earnings gap

innerdaemon wrote 8 months ago: Besides being helped by Goldman shills in the administration: Goldman’s value at risk, a figure that … more →

Tags: corruption

Jack Mehoffer threatening hedge funds

innerdaemon wrote 8 months ago: “Jerkhoff” Targets Hedgefunders. Expect a Jake DeSantis op-ed about how a Mr. Jack Mehof … more →

Tags: Stupid hedge funds


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