Analyst Rules Could Use Some Analysis

Analyst sees no end in sight for layoffs and write-downs

(NEWSER) - While he steers clear of the Great Depression, everything else is fair game as reference in James J. Cramer’s apocalyptic appraisal of Wall Street for New York. In Cramer's 25 years, he's seen lots of implosions, but this one is different: With thousands of layoffs at major shops, and billions more in write-offs expected, he sees no place for canned employees—or investors—to flee. More»

More than ever, experienced insiders are scooping news organizations

(NEWSER) - Many high finance blogs just “stink,” David Weidner writes, but discerning “Wall Street junkies” can depend on a few that engage top talent and often scoop major news organizations. He runs down 10 of the best news and analysis sites in the Wall Street Journal , “skipping the stockpickers or pure investing sites.”

• The Big Picture: Fund manager Barry Ritholz's site is "beautiful," "updated frequently," "written in plain English," and counts Nouriel Roubini and the Fed as readers.

Bill passes 223-202, with Senate to act next year

(AP) - The House today passed a sweeping overhaul of financial regulations that would govern Wall Street and reconfigure the power of the agencies overseeing the banking system. The vote was 223-202, with nearly all Republicans in opposition because of fears over too much government intrusion. The bill is designed to address the shortfalls that led to last year's calamitous financial meltdown. More»

Who knew Wall Street and teabaggers could agree?

(NEWSER) - Here's a reason for Goldman Sachs to be even more popular with the public: The investment bank has issued research on private health insurers advising that fighting off reform would best for their bottom line. Goldman takes as the “base” case passage of the bill that exited the Senate Finance Committee, under which earnings per share would go up 5% through 2019, but the the value of stock on the market would decline 4%. More»

Still, president reminds finance industry, 'we're in this together'

(NEWSER) - At a fundraising dinner tonight in New York attended by (among others) the sorts of financial types who could afford the $30,400-per-couple entry fee, President Obama wagged a finger at Wall Street. “I would ask that you join us in passing what are necessary reforms,” he said in addressing the interested parties. “Don’t fight them.” More»