My post Giants-win the Superbowl morning reads:

• The End of Wall Street As They Knew It (NY Mag) see also U.S. Brokerage Firms Closing Shop After Trading Drop-Off, Capital Squeeze (Bloomberg)
• Facebook Twofer:
…..-Why Facebook is likely to do a face-plant (Market Watch)
…..-The value of friendship (The Economist)
• Most Tech Takeovers Since 2007 Spurred by Data Torrent (Bloomberg)
• Feds Disclose New 401(k) Rules (WSJ)
• Sunken platinum treasure pegged at $3 billion (Petoskey News)
• JPMorgan, BofA Sued by New York Over Use of Mortgage Database (Bloomberg) see also HUD Secretary Expects “Substantial” Payment of Foreclosure Fraud Settlement with MBS Investor Money (FDL)
• China Risks 4-Point Growth-Rate Cut in Case of Europe Worsening: Economy (Bloomberg)
• Listen to Your Community, But Don’t Let Them Tell You What to Do (Coding Horror)
• Second markets Losing a Goose That Laid the Golden Egg (DealBook)
• Forget super PACs. A modest proposal for legalizing bribery (Washington Post)

What are your reading?


Itchy Investors Ramp Up the Risk

Source: WSJ

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

11 Responses to “10 Monday AM Reads”

  1. rd says:

    The 401k disclosures could have some major impacts in the financial services industry. Based on $4.3T in 401k assets, a 0.25% reduction in average fees and expenses would reduce financial sector compensation by $11B annually. That would transfer a lot of yachts from financial firm barons to their customers.

    My guess is that the 0.25% reduction will be conservative over the next decade. I suspect many 401ks have expenses significantly greater than 1%, so at least a 0.5% reduction could be in the cards. The winning financial firms will be the firms that have already been able to successfully build and maintain their customer base with annual expenses of less than 0.75% per year.

  2. Bob is still unemployed   says:

    Another interesting article on Facebook:

    Checking a Twitter, Facebook or email account for updates may be more tempting than alcohol and cigarettes, according to researchers who tried to measure how well people regulate their daily desires.

    Researchers also found that while sleep and sex may be stronger urges than certain drug addictions, people are more likely to give in to their addiction to use social or other types of media.

    More than 200 participants ages 18 to 85 were given used Blackberry phones to gauge their willpower “in the wild” outside a laboratory in the study led by Asst. Prof. Wilhelm Hofmann of the University of the Chicago Booth School of Business.

    Researchers messaged participants seven times a day over 14 hours for a week to ask participants if they were experiencing a desire at the moment or had experienced an urge within the last 30 minutes. Researchers also asked participants the type of desires they felt, the strength, whether it conflicted with other desires and if they resisted or submitted to their urge.

    Researchers said that there were 10,558 responses and 7,827 “desire episodes” reported….

    The full article is at the link.

  3. Bob is still unemployed   says:

    On the topic of the mortgage mess. old, paid-off mortgages rise from the dead and cause foreclosures.

  4. rd says:

    The mortgage settlement has an interesting wrinkle to it. It does not appear to address HELOCs at all. It looks like we are about to get a replay of GM where the order of precedence is flipped . The settlement appears to be focused on principal reduction of first mortgages which have been securitized to outside investors without any reductions in the second liens usually held directly by the banks in the negotiations.

    The Obama Administration is giving traditional property and bankruptcy laws a thorough beating. The GM bankruptcy, this settlement, and the MF Global Ch 11 instead of Ch 7 bankruptcy are effectively rewriting basic legal tenets of the precedence of write-downs.

  5. Mike in Nola says:

    Good article exposing the ipad/textbook sales pitch for what it is. Interesting that Edison tried the same dodge with movies. Showing my age, but in grammar school they used to try to show us educational TV; that was supposed to be the big thing that would make everyone a genius.,0,639053.column

  6. Mike in Nola says:

    I hope Barry can’t relate to this:

    The guy wasn’t even charged with failure to maintain control. Must have had connections.

  7. Joe Friday says:

    The Krug Man served-up a Super SmackDown on RightWing bogosity yesterday:

    Lies, Damned Lies, and Politics

  8. Mike in Nola says:

    Chrysler’s “Halftime in America” pulled from youtube by NFL claim.

    I thought it was only OK. But, showing a commercial on the Superbowl gives the NFL copyright ownership?

  9. swag says:

    Clint Eastwood’s Super Bowl Commercial: Chrysler Spot A Surprise From Anti-Bailout Star

  10. theexpertisin says:

    After viewing last night’s halftime show, I am reminded how one employee can upset the apple cart.

    Madonna and company gives a superb show, only to have much of the talk today center around the social finger/obscenity issue.

  11. Greg0658 says:

    I’ll do my part and chime in with the cover shot :-/
    “how one employee can …”
    did you just climb out from under a rock – its been “hip to be bad” for more than a decade
    & I’ll finish up with a pc :-)