Felix Salmon

Counterparties: ‘More foolish than wicked’ but still self-dealing

By Ben Walsh
July 18, 2012

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com

What’s driving the Total Return ETF?

By Felix Salmon
July 18, 2012

When Pimco’s Total Return ETF launched earlier this year, it was clear what the biggest risk was:

Counterparties: King vs Geithner vs Barclays

By Ben Walsh
July 17, 2012

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com

Why going public sucks: it’s not governance issues

By Felix Salmon
July 17, 2012

Marc Andreessen agrees with me that it sucks to be a public company. But he disagrees on the reasons why:

Counterparties: The largest antitrust settlement in US history?

By Ben Walsh
July 16, 2012

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com

Did Romney put Bain Capital shares in his IRA?

By Felix Salmon
July 16, 2012

Bill Cohan is the latest columnist to wonder how on earth Mitt Romney’s retirement account got so incredibly large — as much as $102 million — given the limits on the amount of money employees can put in such things each year. Nicholas Shaxson asked similar questions in Vanity Fair this month, and both of them cited the work of the WSJ’s Mark Maremont to help explain what might be going on; Cohan might want to update his link, since the Maremont article he links to is not the one with the real juice.

When Zuckerberg fired Morgan Stanley, mortgage edition

By Felix Salmon
July 16, 2012

Mark Zuckerberg has a reputation as a geek who’s focused mainly on technology; the finance stuff he’s outsourced to his COO, Sheryl Sandberg, and his CFO, David Ebersman. When anonymous griping about the Facebook CFO started appearing in the press attributed to senior Facebook executives, I didn’t think those executives would be as senior as Zuckerberg himself.

Counterparties: What the Fed knew

By Ben Walsh
July 13, 2012

We now know what the New York Fed knew about Barclays fudging its Libor submissions. Included in the NY Fed’s vast document dump in response to a congressional request is this confidence-deflating exchange from Apr. 11, 2008:

JP Morgan: The clawback narratives

By Felix Salmon
July 13, 2012

Two weeks ago, Bloomberg’s Dawn Kopecki reported that Ina Drew would be allowed to keep all of the money she was paid over the past two years — more than $20 million in all. Today, Kopecki’s headline is very different: “JPMorgan’s Drew Forfeits 2 Years’ Pay as Managers Ousted”.