Book Giveaway: ‘An American Hedge Fund’ by Timothy Sykes

Unfortunately I haven’t had a chance to read my review copy of Timothy Sykes‘ new book ‘An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund’. But since you all read financial blogs I’m sure you’ve seen at least one of the many rave reviews across the [...]

Fine Line: Sub-Prime Decline – The Richter Scales

Thanks to Mark for passing along this video ode to the 2007 credit crunch, sub-prime implosion, and hedge fund blowups on Wall Street.

Subprime Quote of the Day

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison): “The losses are going to be phenomenal” for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. “My guesstimate in the subprime world [...]

Blame it on the Hedge Funds… Again?

Maybe this is the thing to do in May — back in May of 2005 I had a post titled “Blame it on the Hedge Funds?” I wrote that after seeing a parade on people on CNBC speculating that some hedge fund(s) had blown up and that was to blame for the market’s woes at [...]

Jim Cramer, Market Manipulator

Wow, I can’t believe Cramer admitted to manipulating futures. “A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It’s a fun game,” Cramer said in the Webcast, which was moderated by TheStreet.com Executive Editor Aaron Task. Cramer later said that [...]