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Report: Lehman Brothers Used "Accounting Gimmick" To Hide The Size Of Its Balance Sheet (Clusterstock) - 18:09 ET Mar 11, 2010

Lehman Brothers was cooking the books far more than we ever imagined, if the allegations of bankruptcy court examiner Anton Valukus can be trusted. . At the height of the financial crisis in 2008, Lehman used what Valukas describes as an "accounting gimmick" to make it appear as if it had off loaded risky assets and reduced its balance sheet. . hose are some of the words that court examiner Anton Valukas used to describe an alleged practice at Lehman Brothers Holdings in the first and second quarters of 2008 to make it appear that the securities firm had fewer risky assets on its books. 
John Carney
John Carney
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="company">Lehman Brothers</span> was cooking the books far more than we ever imagined, if the allegations of bankruptcy court examiner Anton Valukus can be trusted. . At the height of the financial crisis in 2008, Lehman used what Valukas describes as an "accounting gimmick" to make it appear as if it had off loaded risky assets and reduced its balance sheet. . hose are some of the words that court examiner Anton Valukas used to describe an alleged practice at <span class="company">Lehman Brothers</span> Holdings in the first and second quarters of 2008 to make it appear that the securities firm had fewer risky assets on its books. Tweet this 

The Hedge Fund Managers That Are Making A Killing On Citigroup Right Now (C) (Clusterstock) - 16:24 ET Mar 11, 2010

Citigroup has had quite a run the last few days, from $3.50 on Friday to about $4.50. . So hedge fund managers, who made big bet on financials last quarter, are reaping the benefits right now. . Citi is making these guys even richer than they already are: . 
 
Recent Research on Citigroup Inc. (C)
Moody's: U.S. bank asset quality stabilizes, but the pain isn't over (Moody's Global Credit Research)- Mar 10, 2010
Moody's changes Citigroup's hybrid securities ratings (Moody's Global Credit Research)- Feb 24, 2010
CITIGROUP INC. (Moody's Global Credit Research)- Feb 16, 2010
more research
Share:  <span class="company">Citigroup</span> has had quite a run the last few days, from $3.50 on Friday to about $4.50. . So hedge fund managers, who made big bet on financials last quarter, are reaping the benefits right now. . Citi is making these guys even richer than they already are: . Tweet this 

Geely Says It Needs "An Absolute Minimum" Of $1.4 Billion To Keep Volvo Afloat (F) (Clusterstock) - 13:53 ET Mar 11, 2010

Believe it or not, the deal to sell the Volvo brand between Ford Motor Co. (F) and Zhejiang Geely Holding Group Co. still isn't finalized. . The two are set to sign a purchase agreement around $2 billion at the end of the month and while unions have signed on to support the deal, they worry about the financial viability of Volvo. . Bloomberg: Zhejiang Geely Holding Group Co. may have to spend at least 10 billion kronor ($1.4 billion) to revive Volvo Cars after buying the Swedish brand from Ford Motor Co., Volvo union officials and board members said. 
 
Recent Research on Ford Motor Company (F)
Ford Motor Company (Moody's Global Credit Research)- Jan 28, 2010
more research
Share:  Believe it or not, the deal to sell the Volvo brand between Ford Motor Co. (<span class="company">F</span>) and Zhejiang Geely Holding Group Co. still isn't finalized. . The two are set to sign a purchase agreement around $2 billion at the end of the month and while unions have signed on to support the deal, they worry about the financial viability of Volvo. . Bloomberg: Zhejiang Geely Holding Group Co. may have to spend at least 10 billion kronor ($1.4 billion) to revive Volvo Cars after buying the Swedish brand from Ford Motor Co., Volvo union officials and board members said. Tweet this 

Inside Traders Front-Run China Mobile's Pudong Buy (Clusterstock) - 23:07 ET Mar 10, 2010

China Mobile (CHL US, 941 HK) is set to acquire a 20% stake in Shanghai Pudong Development Bank (600000 CH), in a deal that has riled China Mobile shareholders. Pudong shares were suspended once the deal was made public, but interestingly they spiked ahead of the deal's announcement on th: . . 
 
Share:  <span class="company">China Mobile</span> (CHL US, 941 HK) is set to acquire a 20% stake in Shanghai Pudong Development Bank (600000 CH), in a deal that has riled <span class="company">China Mobile</span> shareholders. Pudong shares were suspended once the deal was made public, but interestingly they spiked ahead of the deal's announcement on th: . . Tweet this 

Goldman Sachs Stalked By Trio Of Dangerous Cougars (Clusterstock) - Mar 10, 2010

Three cougars were sited at the Salt Lake City offices of Goldman Sachs around 7 a.m. Monday. . And we're not talking about women of a certain age out on the prowl. 
John Carney
John Carney
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Recent Research on The Goldman Sachs Group, Inc. (GS)
Moody's lowers Goldman's hybrid securities ratings (Moody's Global Credit Research)- Feb 25, 2010
Summary: Goldman Sachs Group Inc. (The) (S&P Credit Research)- Feb 08, 2010
Goldman Sachs Group Inc. (The) (S&P Credit Research)- Feb 08, 2010
more research
Share:  Three cougars were sited at the Salt Lake City offices of <span class="company">Goldman Sachs</span> around 7 a.m. Monday. . And we're not talking about women of a certain age out on the prowl. Tweet this 

Gasparino: The Government May Unwind Its Massive Stake In Citigroup As Early As Spring (Clusterstock) - Mar 09, 2010

The U.S. government may sell its massive stake in Citigroup as early as this spring, FOX Business's Charlie Gasparino is reporting. . From Charlie's report: . Previously, federal officials, including Herbert Allison, who heads the Troubled Asset Relief Program, have said that they plan to unload the government's 27% stake in Citi over the next year. 
John Carney
John Carney
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  The U.S. government may sell its massive stake in <span class="company">Citigroup</span> as early as this spring, FOX Business's Charlie Gasparino is reporting. . From Charlie's report: . Previously, federal officials, including Herbert Allison, who heads the Troubled Asset Relief Program, have said that they plan to unload the government's 27% stake in Citi over the next year. Tweet this 

As Obamacare Returns, Health Insurers Have A Nice Ride (Clusterstock) - Mar 09, 2010

. Health Net Inc (HNT): Currently trading at $24.47 a share, up 1.28% over five days. . CIGNA Corp (CI): Currently trading at $34.31 a share, up 0.12% over five days. . Coventry Health Care Inc (CVH): Currently trading at $23.87, up 2.98% over five days. 
 
Recent Research on Health Net, Inc (HNT)
Health Net, Inc. (Moody's Global Credit Research)- Jan 28, 2010
Moody's confirms Health Net (sr. debt at Ba3); stable outlook (Moody's Global Credit Research)- Jan 22, 2010
Health Net, Inc. at JPMorgan Healthcare Conference (Thomson Street Events)- Jan 11, 2010
more research
Share:  . <span class="company">Health</span> Net Inc (HNT): Currently trading at $24.47 a share, up 1.28% over five days. . CIGNA Corp (CI): Currently trading at $34.31 a share, up 0.12% over five days. . Coventry <span class="company">Health</span> Care Inc (CVH): Currently trading at $23.87, up 2.98% over five days. Tweet this 

BUSTED: Citigroup Caught BLATANTLY Advertising Itself As A Casino (Clusterstock) - Mar 08, 2010

When you do a search for "Casino Bonanza Online" you get two ads for online casino based sites, but the very first is an add for CitiFXPro.com, which is, yes, a retail Forex trading site run by Citi. . Now, it's not really shocking that a multi headed behemoth as big as Citigroup (C) has a retail Forex site, but here they're specifically advertising against gambling related terms, and showing up right next to Best USA Online CASINOS. . Major Wall Street firms are frequently likened to casinos, but they're usually not this blatant about it, and usually their services are geared towards sophisticated, institutional investors. 
Joe Weisenthal
Joe Weisenthal
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  When you do a search for "Casino Bonanza Online" you get two ads for online casino based sites, but the very first is an add for <span class="company">Citi</span>FXPro.com, which is, yes, a retail Forex trading site run by <span class="company">Citi</span>. . Now, it's not really shocking that a multi headed behemoth as big as <span class="company">Citi</span>group (C) has a retail Forex site, but here they're specifically advertising against gambling related terms, and showing up right next to Best USA Online CASINOS. . Major Wall Street firms are frequently likened to casinos, but they're usually not this blatant about it, and usually their services are geared towards sophisticated, institutional investors. Tweet this 

Intuit: A Small Business Rebound Created 40,000 Jobs In February (Clusterstock) - Mar 02, 2010

Intuit's new small business employment index shows that American small businesses have actually been creating jobs lately. Given that small businesses hire when they see increased opportunities and economic prospects, this hiring growth is a sign of economic advance for the U.S. economy. . Intuit: . 
 
Recent Research on Intuit, Inc. (INTU)
Summary: Intuit Inc. (S&P Credit Research)- Feb 22, 2010
Intuit at Barclays Technology Conference (Thomson Street Events)- Dec 09, 2009
more research
Share:  <span class="company">Intuit</span>'s new small business employment index shows that American small businesses have actually been creating jobs lately. Given that small businesses hire when they see increased opportunities and economic prospects, this hiring growth is a sign of economic advance for the U.S. economy. . <span class="company">Intuit</span>: . Tweet this 

Citi Just Changed Its Policies So That Bankers Won't Accidentally Classify A Gay Site As "Porn" (Clusterstock) - Mar 01, 2010

After suspending the gay networking website's, fabulis's, bank account without warning last week, Citi has now officially responded to the fiasco and announced what they are going to do about it. . Full announcement after the below. . What's interesting is Citi told fabulis that their account was suspended because of a paperwork misfiling. 
 
Share:  After suspending the gay networking website's, fabulis's, bank account without warning last week, <span class="company">Citi</span> has now officially responded to the fiasco and announced what they are going to do about it. . Full announcement after the below. . What's interesting is <span class="company">Citi</span> told fabulis that their account was suspended because of a paperwork misfiling. Tweet this 

Three Months Later, Gatorade Dumps Tiger Woods (Clusterstock) - Feb 26, 2010

NEW YORK (AP) — Add Gatorade to the list of endorsement deals that Tiger Woods has lost. . A spokesperson for the drink, sold by PepsiCo Inc., confirmed late Friday that it had ended its relationship with the golfer. . "We no longer see a role for Tiger in our marketing efforts and have ended our relationship," a Gatorade spokeswoman said. 
 
Share:  NEW YORK (AP) — Add Gatorade to the list of endorsement deals that Tiger Woods has lost. . A spokesperson for the drink, sold by PepsiCo Inc., confirmed late Friday that it had ended its relationship with the golfer. . "We no longer see a role for Tiger in our marketing efforts and have ended our relationship," a Gatorade spokeswoman said. Tweet this 

Fall Of Lehman Brothers Blamed As Strip Club Goes Bust (Clusterstock) - Feb 26, 2010

Is there anything that will not be blamed on the collapse of Lehman Brothers? . The events of have been blamed for the credit crunch and the recession, as if the financial system had been zipping along at a perfectly clip until someone blew up a bridge over a canyon. 
John Carney
John Carney
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Is there anything that will not be blamed on the collapse of <span class="company">Lehman Brothers</span>? . The events of have been blamed for the credit crunch and the recession, as if the financial system had been zipping along at a perfectly clip until someone blew up a bridge over a canyon. Tweet this 

Goldman: Treasury Yields Will Crash Because Inflation Is Dead And Bernanke's A Dove (Clusterstock) - Feb 25, 2010

Believe it or not, Goldman Sachs is calling a top for U.S. treasuries in their latest global daily. . They believe inflation and interest hike expectations have been overdone for U.S. government bonds, and appear further emboldened in their call for no major interest rate hike through 2011 after Bernanke's words with Congress. . Get ready for disinflation (falling inflation, down to very low levels): . 
 
Share:  Believe it or not, <span class="company">Goldman Sachs</span> is calling a top for U.S. treasuries in their latest global daily. . They believe inflation and interest hike expectations have been overdone for U.S. government bonds, and appear further emboldened in their call for no major interest rate hike through 2011 after Bernanke's words with Congress. . Get ready for disinflation (falling inflation, down to very low levels): . Tweet this 

H&R Block Shares Plunge 18% As Unemployment Hits Tax Prep Business (Clusterstock) - Feb 24, 2010

Shares of tax preparer H&R Block (HRB) fell yesterday as it weathered weak Q4 earnings and a downgrade from Oppenheimer. Fast forward to today and H&R Block is really getting creamed Shares are down 18% or $350 to $1623 a share 
 
Recent Research on H&R Block Inc. (HRB)
H&R Block, Inc. H&R Block Investment Community Conference (Thomson Street Events)- Dec 08, 2009
H&R Block, Inc. (Moody's Global Credit Research)- Sep 14, 2009
more research
Share:  Shares of tax preparer H&R Block (<span class="company">HRB</span>) fell yesterday as it weathered weak Q4 earnings and a downgrade from Oppenheimer. Fast forward to today and H&R Block is really getting creamed Tweet this 

Credit Suisse Sending Lucky Team Of 11+ Off To Get Tan In Florida (CS) (Clusterstock) - Feb 23, 2010

The guy works for Credit Suisse, who will be comping the trip, according to a source Obviously if it's on the company's dime, the trip is work related, but is work in the sun on the beach really work? 
 
Recent Research on Credit Suisse Group (CSGN)
Moody's lowers Credit Suisse hybrid securities ratings (Moody's Global Credit Research)- Feb 25, 2010
Credit Suisse Group AG (Moody's Global Credit Research)- Dec 23, 2009
more research
Share:  The guy works for <span class="company">Credit Suisse</span>, who will be comping the trip, according to a source Obviously if it's on the company's dime, the trip is work related, but is work in the sun on the beach really work? Tweet this 

Tenet Healthcare Plummets After Missing Expectations (THC) (Clusterstock) - Feb 23, 2010

Tenet Healthcare Corporation (THC), a hospital operator, is not having a good day. Shares of the company are down over 10% to $498 a share The sell off comes amid today's bear rally and lower than expected Q4 earnings 
 
Recent Research on Tenet Healthcare Corporation (THC)
Tenet Healthcare Corp. (S&P Credit Research)- Dec 22, 2009
Summary: Tenet Healthcare Corp. (S&P Credit Research)- Dec 22, 2009
more research
Share:  Tenet Healthcare Corporation (<span class="company">THC</span>), a hospital operator, is not having a good day. Shares of the company are down over 10% to $498 a share Tweet this 

Goldman Sachs Hires Bush-Rove PR Firm To Repaid Damaged Brand (GS) (Clusterstock) - Feb 22, 2010

Goldman Sachs has hired a Texas public relations firm to undo the damage done to the firm's image by the financial crisis and its aftermath, The New York Post is reporting. Public Strategies, headed by Dan Bartlett, a confidant of George W Bush and Karl Rove, is already on the case Earlier this month, Goldman clients and Wall Street analysts starting filling out an exhaustive, online questionnaire seeking to pinpoint exactly what people thought of Blankfein's firm 
John Carney
John Carney
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="company">Goldman Sachs</span> has hired a Texas public relations firm to undo the damage done to the firm's image by the financial crisis and its aftermath, The New York Post is reporting. Tweet this 

Goldman Sues Seven Top Executives Who Were Poached By Credit Suisse (Clusterstock) - Feb 18, 2010

Goldman Sachs is suing seven executives for abruptly leaving the company for Credit Suisse. In their lawsuit, Goldman says Credit Suisse induced the team with tens of millions of dollars, according to Reuters One of the men, David Greene, apparently said that Credit Suisse agreed to pay him $11 million if he left Goldman 
 
Share:  Goldman Sachs is suing seven executives for abruptly leaving the company for <span class="company">Credit Suisse</span>. In their lawsuit, Goldman says <span class="company">Credit Suisse</span> induced the team with tens of millions of dollars, according to Reuters Tweet this 

Goldman Sachs is suing seven executives for abruptly leaving the company for Credit Suisse. In their lawsuit, Goldman says Credit Suisse induced the team with tens of millions of dollars, according to Reuters One of the men, David Greene, apparently said that Credit Suisse agreed to pay him $11 million if he left Goldman 
 
Share:  <span class="company">Goldman Sachs</span> is suing seven executives for abruptly leaving the company for Credit Suisse. In their lawsuit, Goldman says Credit Suisse induced the team with tens of millions of dollars, according to Reuters Tweet this 

Lehman Brothers Had A Weird Version Of Musical Chairs That Involved The Loser Getting An Electric Shock (Clusterstock) - Feb 18, 2010

Guys on the trading floor at Lehman Brothers apparently loved to shock each other while playing a weird game of musical chairs. The rules of the game say that the last player to buzz in with a joystick when the music stops gets an electric shock Julio DePietro, a former hedge fund manager at Citadel, told Bloomberg that he heard the game was so popular that it once shut down the trading floor at Lehman Brothers for an afternoon 
 
Share:  Guys on the trading floor at <span class="company">Lehman Brothers</span> apparently loved to shock each other while playing a weird game of musical chairs. Tweet this 

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