Here is what I am reading this morning:

Wilshire 5000: US stocks hit all-time high (CBS News)
• Bank of America: Too Crooked to Fail (Rolling Stone) see also Hamburg Banks Defying Fast Money Mantra Seek Growth From Crisis (Bloomberg)
Martin Wolf: A hard slog in the foothills of debt (
These deals are rampant at 3rd tier firms: Charges Filed Against Brokerage Firms That Trade Private Shares (DealBook) see also SEC Cracks Down on Pre-IPO Trading (WSJ)
• Whistleblowers reap millions in U.S. mortgage suits (Reuters)
• Confirmed: Is Doomed (Going Concern)
• When Uncle Sam Bought Back His Bonds (Bloomberg Echoes)
• ANALYSIS: When a Congressman Becomes a Lobbyist, He Gets a 1,452% Raise (on Average) (Republic Report)
• Why I left Google (MSDN) This is now a trend
• The Wild And Crazy ‘Tweets Of Steve Martin’ (NPR)

What are you reading?


Apple’s $14B away from being larger than entire U.S. retail sector

Source: BGR)

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.

8 Responses to “10 Thursday AM Reads”

  1. AHodge says:
    this is the Rakoff case the argument is ridiculous?
    im no lawyer. there is an argument, the false straw man one made by the appellate court
    that the SEC cannot litigate everything
    but they are being asked just to litigate one thing? rather than never? this really bad thing might qualify?
    is there no way to have that happen without an every case precedent?

  2. cfischer says:

    Couldn’t be happier about OSTK..

  3. Jojo says:

    Really interesting FB story….
    Facebook’s Top Cop: Joe Sullivan

    If Facebook were a country, it would be the third largest in the world and Joe Sullivan would be head of Homeland Security.

    His actual title is chief security officer. The “terrorists” he’s up against include the “Koobface gang,” a quintet of Russians who unleashed a worm that turned ­Facebookers’ computers into enslaved bots; the spammers who flooded the site with violent and pornographic images in ­December; scammers who trick Facebook users into clicking links and filling out surveys for the swindlers’ profit; ­pedo­philes using the site to make contact with minors; and ­scrapers who inappropriately raid Facebook for users’ ­valuable personal information. These scoundrels include those who use malicious apps, hackers and an amateur porn ­purveyor who matches profile pages to private nudie photos submitted by vengeful exes—making it easy to contact, harass and “poke” the unwitting and involuntary porn stars.

    The dirt Facebook holds on its users makes it as attractive to cops as to criminals. Among Sullivan’s responsibilities are daily decisions about how much user information to give to law enforcement when it comes calling. And, as a digital nation’s DHS, Sullivan and his team actively police the site for user data worth volunteering to the authorities. Still, he says, “we err on the side of not sharing and have picked quite a few fights over the years.”

    Users may have constitutional rights against unreasonable searches by the state, but the only Facebook Constitution is the company’s dense terms of service agreement. It focuses on prohibitions for users, such as bullying, creating fake accounts or uploading images of violence or nudity, as well as Facebook’s rights to intellectual property uploaded to the site. It doesn’t spell out when Facebook may dive into data for ­policing purposes or hand it over to the authorities.

  4. VennData says:

    The RIAA thinks copies are just as good as the original.. so.. “Send Them Your Money” well, copies of it.

  5. sdmaj says:

    “• Why I left Google (MSDN) This is now a trend”

    Dan Drezner on twitter:
    “I’m REALLY hoping Bo Xilai will write a “Why I Am Leaving Chongqing…” op-ed for Global Times tomorrow…

  6. sdmaj says:

    … and a couple of minutes later, the meme continues:

    “Why I Am Leaving the Communist Party By BO XILAI
    March 14, 2012

    TODAY is my last day as the Chongqing Committee Secretary. After almost 32 years in the Communist Party of China (CPC) — first at the very bottom of the political hierarchy, then 17 years in the eastern city of Dalian, and now in Chongqing — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.” …