Eliot Spitzer news from FierceFinance
News
Citigroup anlayst gets it wrong--really wrong
Shannon Cowherd, bank analyst at Citigroup, raised eyebrows last week when she put out a note to clients estimating that the Royal Bank of Read more...
ALSO NOTED: Wachovia to take big charge due to court ruling; Och-Ziff founder fares well; and much more...
Company News: > Wachovia to take big charge due to court ruling. Article > Analysts sour more on Countrywide. Read more...
ALSO NOTED: UBS downgrades financial firms; Chanos tied to Spitzer scandal; and much more...
Company News: > UBS considering 8,000 layoffs. Article > Chanos tied to Spitzer scandal. Read more...
ALSO NOTED: Cramer: Major collapse needed for recovery; Citigroup reaches out to John Reed for help; and much more...
Company News: > Credit Suisse sues resort after default. Article > More on Carlyle Fund collapse. Read more...
Wall Street sheriff taken down
They called him the Sheriff of Wall Street, the modern incarnation of Eliot Ness--and a whole lot worse--behind closed doors. Now that Eliot Spitzer has disgraced himself, there's a fair amount of Read more...
Ambac plan fails to impress
Not too long ago, people were widely expecting bond insurer Ambac to announce that it would separate into two units--one to insure municipal bonds and one to insure structured finance products. Well, Read more...
Is a break up of bond insurers inevitable?
Eliot Spitzer has threatened to break up bond insurers if they cannot come up with more capital soon. William Ackman, who has called for a ratings downgrade of MBIA and Ambac, also has threatened to Read more...
How to fix the bond insurers
Do you remember when Eliot Spitzer, governor of New York and no stranger to the financial industry, gave the bond insurance industry five days to get its act together, even as he lobbies for a Read more...
Cuomo seeks answers on credit crunch
By issuing subpoenas about credit products, Andrew Cuomo, the AG of New York, is following in the footsteps of his predecessor Eliot Spitzer. It's unclear if Cuomo's efforts to get to the core of the Read more...