GE has joined major banks collectively saving billions of dollars by raising money for their operations at lower interest rates. Public records show that GE Capital, the company’s massive financing arm, has issued nearly a quarter of the $340 billion in debt backed by the program, which is known as the Temporary Liquidity Guarantee Program, or TLGP. The government’s actions have been “powerful and helpful” to the company, GE chief executive Jeffrey Immelt acknowledged in December…
Big university endowments like to think that their returns constitute alpha — a simple outperformance of the market. But it looks increasingly as though in fact there’s a large component of beta — outperforming when the market goes up and underperforming when it goes down.
The Nassim Taleb exaggeration story simply refuses to die: after first flaring up a few weeks ago, Eddy Elfenbein and Joe Weisenthal now pick up on a little yellow note that Taleb has put on the notorious GQ story about him by Will Self. Taleb is accusing Janet Tavakoli of conducting a “(failed) smear campaign” against him — see here and here for instances. But that accusation has just brought attention back onto the numbers in the GQ article — numbers which everybody agrees are false.
Rachman: McCain’s tweets “make him sound like a peasant“
The House Financial Services Committee is going to have a busy July
RT @IDDMagazine Cantor Fitzgerald grows its London leveraged finance team
Judis makes the distinction between the unemployment rate (less important) and total unemployment (very important)