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Prince of Wall Street is a regularly updated blog featuring original finance commentary. The commentary predominately focuses on private equity, M&A, and investment banking.
Recent Posts Tagged With 'finance folly'
Fine Line Between Ignorance and Corruption
Over the past week more Countrywide wrongdoing has come to light. Specifically, its preferential loans for public officials and business partners. What began last Saturday with this article from the WSJ last Saturday has grown throughout ...
Oil Prices: Reason Trumped By Transparent Pandering
The recent rise in oil prices and the corresponding rise in gasoline prices has brought out many complaints from the masses. The rise in prices makes sense given the limited ability to increase the supply of barrels. As wells have become ...
Is this the real price? Is this just fantasy?
25 March 2008 - Here in the City has this lovely song to the tune of Bohemian Rhapsody from last week about the credit crisis. It is pretty well done. "So you think you can fund me and spit in my eye? And then margin call me and leav...
The Latest Sign of Pressure On the Consumer
"Leaning on outside mortgage brokers for home-equity business was "one of the biggest mistakes we’ve made." Those loans have performed worse than home-equity loans generated by J.P. Morgan." -Charles Scharf, head of J....
Is FICO a Good Metric for Originators?
Richard Bitner recently released a book about the mortgage meltdown from the perspective of an originator of Mortgages. The book entitled, Greed, Fraud & Ignorance: A Subprime Insider’s Look at the Mortgage Collapse, gives investors ...
Banks Thinking Long-Term on Analyst Recruiting?
Every school year aspiring financiers or merely financial opportunists begin the summer and full-time investment bank recruiting process. The most prized positions in the capital markets and investment banking divisions are intensely desired by...
CMBS Declines: Speculation or Fundamentals?
2 Mar 2008 - Despite many professionals and many of his friends in structured finance telling The Prince that CMBS is a completely different animal than residential MBS, it apperars something is afoot. The Prince must have heard it a thousand t...
Buy When There’s Blood in the Streets
Baron Philippe de Rothschild, ever an opportunist, is said to have advised, “Buy when there’s blood in the streets.” Investors like Warren Buffett do just that all the time. Hedge... Prince of Wall Street is a daily updated finance...
More Trouble On PE Deals Ahead
Now that the Alliance Data buyout is supposedly “back on" (after an attempted shutdown by Blackstone), some in the financial press might anticipate that future private equity buyouts will... Prince of Wall Street is a daily updated financ...
The Prince’s Monoline Roundup
Marrying Another Banker
Speculation and Fraud in Mortgage Lending? Turning a Blind Eye.
Credit Suisse Rolls Over Troubled UBS
Technical Trading Strategies Are Bogus, Here’s Why
The Face of Wall Street’s Mortgage Mess
