Today's Fresh Blogs...

• Where Did All Goldman Sach's (GS) Money Go?

  Published: August 12, 2007, 8:47 am

  Tags: Financial Stocks

  Bloomberg is reporting that $8 billion Global Alpha hedge fund is down 26% this year and 40% since July 31. The fall is going to cost Goldman Sachs (GS) a lot of money. The fund brought in $700 million in fees in 2005. Obviously, performance that bad could lead clients to take money out of the fund. All of that could undermine part of Goldman's

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• IPO Filing: CreditCards.Com...Is This Ironic Or What?

  Published: August 10, 2007, 11:07 am

  Tags: Financial Stocks, Ipos, Internet

  This morning we have had an IPO filing with the SEC from a company called CreditCards.com. If this is not ironic because of the current credit meltdown and liquidity squeeze, then irony no longer exists. The company filed to raise up to $115 million with underwriters listed as Credit Suisse, Citigroup, and Thomas Weisel Partners. The ticker for

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• Maybe Warren Buffett Is The Buyer of Last Resort in Financials (BRK-A, WFC, BAC, USB)

  Published: August 15, 2007, 1:33 pm

  Tags: Banking, Buffett, Financial Stocks

  He boosted holdings in his financial stocks, and it is helping the stocks today. Keep in mind that this has a June 30 cut-off date, so Berkshire Hathaway will have actually been feeling some pain in these names. Here are the increased holdings in financials and how it is helping the shares today after his filing: Bank of America (BAC), up 1.7%

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• Maybe Warren Buffett Is The Buyer of Last Resort in Financials (BRK-A, WFC, BAC, USB)

  Published: August 15, 2007, 1:33 pm

  Tags: Banking, Buffett, Financial Stocks

  Yesterday evening's FED FILINGS shows some interesting increases in holdings in Warren Buffett's... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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• Schwab Up Despite Service Outage (SCHW, AMTD, ETFC, BAC, JPM)

  Published: August 16, 2007, 2:25 pm

  Tags: Banking, Brokerage Firms, Financial Stocks

  If someone told you that Charles Schwab Corp. (NASDAQ:SCHW) was back in positive territory on the day the market fell 300 points in the DJIA AND on a day that many of its customers could not even access their trading accounts, would you believe it? Guess what. That is what happened. Look at E*Trade (NASDAQ:ETFC). It fell well over 20% on fears and

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• Schwab Up Despite Service Outage (SCHW, AMTD, ETFC, BAC, JPM)

  Published: August 16, 2007, 2:25 pm

  Tags: Banking, Brokerage Firms, Financial Stocks, Schw

  If someone told you that Charles Schwab Corp. (NASDAQ:SCHW) was back in positive territory on the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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• Cramer's Bank Winner After The Meltdown (WB, WFC, BAC)

  Published: August 16, 2007, 6:15 pm

  Tags: Banking, Cramer, Financial Stocks

  On tonight's MAD MONEY on CNBC, Jim Cramer discussed why Wachovia (WB), Wells Fargo (WFC), and Bank of America (BAC) were all up big today; and some even higher than before the mortgage malaise started. His rationale is simple: the smart lenders that were strict will be rewarded once all this dust settles. There is a huge difference on these banks

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• Cramer's Bank Winner For After The Meltdown (WB, WFC, BAC)

  Published: August 16, 2007, 6:15 pm

  Tags: Banking, Cramer, Financial Stocks, Wfc

  On tonight's MAD MONEY on CNBC, Jim Cramer discussed why Wachovia (WB), Wells Fargo (WFC), and Bank... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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• IPO Filing: Chimera, A Vulture Fund (CIM, NLY)

  Published: August 17, 2007, 9:56 am

  Tags: Financial Stocks, Ipos

  Annaly Capital Management, Inc. (NYSE:NLY) announced the filing for an IPO of Chimera Investment Corporation under the NYSE tick CIM. Chimera is a newly-formed specialty finance company that will invest in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes. Does this

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• Top Financial Gappers on Discount Rate Cut (GS, BSC, LEND, ETFC, TMA, NLY, WM, WFC, CFC, MBI, PMI)

  Published: August 17, 2007, 9:39 am

  Tags: Banking, Brokerage Firms, Financial Stocks, Hi Low

  and you are seeing it in the financials directly and in most of the other sectors. We hate to look a gift horse in the mouth, but when these rate cuts occur pre-market the actually tend to not be as good for traders as they are when the FED does this during trading hours. Some of these gaps may hold, but it won't be a huge shock if some of

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• IPO Filing: Chimera, A Vulture Fund With Annaly (CIM, NLY)

  Published: August 17, 2007, 9:56 am

  Tags: Financial Stocks, Ipos, Nly

  Annaly Capital Management, Inc. (NYSE:NLY) announced the filing for an IPO of Chimera Investment... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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• Top Financial Gappers on Discount Rate Cut (GS, BSC, LEND, ETFC, TMA, NLY, WM, WFC, CFC, MBI, PMI)

  Published: August 17, 2007, 9:39 am

  Tags: Banking, Brokerage Firms, Financial Stocks, Hi Low

  These intra-meeting cuts like the 50-basis point discount rate cut this morning, even if this one... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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• After More Than 90% Plunges, Investors May Be Nibbling In Mortgage Land (LUM, LEND, NLY)

  Published: August 20, 2007, 8:23 am

  Tags: Financial Stocks, Housing

  Luminent Mortgage Capital Inc. (NYSE:LUM) and Arco Capital Corporation Ltd. have entered into a Letter of Intent outlining current and proposed transactions intended to address Luminent's current liquidity issues that arose due to unanticipated disruptions in mortgage credit markets. There are conditions of course, but ARCO will repurchase

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• After More Than 90% Plunges, Investors May Be Nibbling In Mortgage Land (LUM, LEND, NLY)

  Published: August 20, 2007, 8:23 am

  Tags: Financial Stocks, Housing, Lum

  Luminent Mortgage Capital Inc. (NYSE:LUM) and Arco Capital Corporation Ltd. have entered into a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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• Nothing In Capital One Employee Wallets, Except Pink Slips (COF)

  Published: August 20, 2007, 4:43 pm

  Tags: Banking, Financial Stocks, Cof

  Capital One (NYSE:COF) is closing its wholesale mortgage unit called GreenPoint Mortgage and is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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