After watching the Cox-era cretins who constitute her senior staff pilloried at yesterday?s House Financial Services Committee Madoff hearing, US Securities and Exchange Commission chairman Mary Schapiro suddenly feigns interest. Dear Chairman Kanjorski and Ranking Member Garrett:Today?s hearing before your...

This party-pooping business is getting out of hand, with innocent hedge fund managers and investors now being victimized:Goldman Sachs called off its big Miami hedge-fund conference scheduled for the first week of March, telling clients that going ahead with the...

Just. Spectacular. Rep. Gary Ackerman (D-NY) lays into the US Securities and Exchange Commission staffers at the House Financial Services Committee meeting yesterday.

Las Vegas Sands (NYSE:LVS) shares are down 15% today and in the last 5 trading days shares have dropped 44%.  Just like the beat down Joe Pesci got in Casino (1995), the same rule applies to investing in Casinos, highs and lows Nicky. read more

Fund of funds are a cancer on the institutional-investor world. They facilitate the flow of ignorant capital. If an investor can't make an intelligent decision about picking managers, how can he make an intelligent decision about picking a fund-of-funds manager...

One can make the case pretty easily that mark-to-market accounting has played a huge role in the deterioration of the nation's leading banking franchises. Essentially, many banks across the country are being forced to write down the value of investment securities even if little or no loss has been, or is expected to be, incurred. [...]

Feel like rolling the dice and taking a gamble? Then WPT Enterprises, Inc. (Public, NASDAQ:WPTE) is the stock for you. Shares of WPTE have fallen from grace, all the way down to .35 cents a share from peak value of around $22 a share. The question is this: is there any value left in WPTE? read more

Would-be Madoff whistleblower Harry Markopolos is up before the House Financial Services Committee tomorrow to explain thatAs currently staffed, the SEC wouldhave trouble finding first base at Fenway Park if seated in the Red Soxdugout and given an afternoon. ....