Posted by The Wall Street Geek
Opinion
Saturday, January 31st, 2009
You tell ‘em sister!
I’ve been on Wall Street since the late 90′s, but am now at a private down-to-earth firm.
So I’m just as outraged about the $18B in bonuses that were doled out last year at the big banks–e.g., Merrill, Bank of America, and others that received TARP money.
I’d venture to say that pay [...]
Posted by The Wall Street Geek
Opinion
Thursday, January 29th, 2009

Thank God I’m at a private, down-to-earth bank now.
But prior to today, I was an officer at a big blue blood Wall Street bank that I’m sure was one of the banks that doled out bonuses this past December.
Starting out, my salary was low. But at the end of my first year, I [...]
Posted by The Wall Street Geek
Opinion
Thursday, January 29th, 2009

No more feeling helpless when you find out that your former male coworker made several thousand more than you for the same job.
NO MORE!!
President Obama signed the Lily Ledbetter Equal Pay bill this morning. I nearly cried when I saw this image on my computer streaming live. That’s Ms. Ledbetter standing behind the [...]
Posted by The Wall Street Geek
Opinion
Wednesday, January 28th, 2009

Billionaire investor George Soros gave an insightful interview on CNBC today at the World Economic forum with Maria Bartiromo (who is much easier on the ears than Dylan Ratigan)…
It’s interesting how he says that we shouldn’t put money into creating banks for bad assets, but recapitalize the good ones. Good point, but it strangely [...]
Posted by The Wall Street Geek
Opinion
Wednesday, January 28th, 2009
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Senator Paul is right in that the economy needs to deflate to a level [...]
Posted by The Wall Street Geek
Money Matters, Opinion
Wednesday, January 28th, 2009

The Dow is a stubborn fella, like a 4 year old with his fingers in his ears yelling “la la la, I can’t hear you!”.
There was a point in our history–actually, a long time up until the past 5-10 years–when events such as earnings and jobs announcements would cause the Dow to move predictably.
If [...]
Posted by The Wall Street Geek
Money Matters, Opinion
Tuesday, January 27th, 2009

I work in finance. And I run a fair and ethical practice.
Nothing burns me more than to review a transferring client’s portfolio from their old broker, and find out that their best interests weren’t taken into consideration.
For example, do you know that if you stay within a mutual fund family and buy A-shares, you [...]
Posted by The Wall Street Geek
Opinion
Monday, January 26th, 2009

Do you know who this person is?
She’s Lily Ledbetter, the woman who sued Goodyear for not paying her a salary equal to men who had the same job. This pay inequality happened over a period of decades.
She lost her case in 2006. The Supreme Court ruled that she should have filed her lawsuit [...]
Posted by The Wall Street Geek
Opinion
Thursday, January 22nd, 2009

Malia and Sasha Obama were adorable at the Inauguration, and the world took notice.
Their outfits were specially made by J. Crew. When word got out about this, parents flocked to jcrew.com crashing the server!!
The following day, J. Crew’s stock was one of very few that was up for the day. Way up.
Little girls [...]
Posted by The Wall Street Geek
Opinion
Wednesday, January 21st, 2009

Finance companies are very protective of their image and messaging. And I can understand that because one piece of bad or provocative news and shareholders will run like lemmings.
But a lifelong dream of mine has been to write. I’m not saying that I’m the best writer in the world. I’m [...]