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Bonus Bananas Apr 20, 2012
1) Citigroup Investors Vote Down CEO’s Lavish Pay Package ( Time Magazine ) - Vikram Pandit has had better weeks. First shareholders tell Citi executives to get bent with their pay increase, and then Zillow tells Pandit that the Ct. home he just listed for sale is worth nowhere near his asking...
Bonus Bananas Apr 13, 2012
1) Financial Nightmares: Friday the 13th's Worst Economic Disasters ( Daily Finance ) - It never occurred to me that the Costa Concordia disaster happened on Friday the 13 of January, just three months ago. And though I'm not sure Tupac's assassination (9/13/96) was an "economic disaster" in the...
Bonus Bananas Mar 30, 2012
1) Wall Street's Lacrosse Mafia ( Business Week ) - Lax bros are everywhere on Wall Street, as evidenced by an earlier thread this week pondering when it's appropriate to get your "flow" back. But did you know that silver spoon sport might get you a job on the Street? 2) End Of Hedge Fund Marketing...
Bonus Bananas Mar 9, 2012
1) Undercover Billionaire: Sara Blakely Joins The Rich List Thanks To Spanx ( Forbes ) - I had to lead off with this story first of all because I love nothing more than a great underdog success story, but even more to the point this is a profile of a woman who took $5,000 and built a billion dollar...
Bonus Bananas Feb 24, 2012
1) The Mystery Monk Making Billions With 5-Hour Energy ( Forbes ) - Judging by how many WSO members survive all-nighters by using 5-Hour Energy, I guess I shouldn't be surprised that the founder's a billionaire. But if you thought Steve Jobs was a hippy, Manoj Bhargava is gonna take it to whole new...
2013 Global Macro & Cross-Asset Analysis by Naufal Sanaullah (Macrobeat.com)
Since some were having trouble with the link I posted in Bonus Bananas, I thought I would just directly attach it to a blog post on WSO. Let me know if you have any trouble with this, and enjoy!
Bonus Bananas Feb 3, 2012
Alright already. Y'all have been after me like a three-peckered billy goat to bring back Bonus Bananas, so here's a fresh batch. And none too soon, it appears, as this happens to be the 1-year anniversary of the first Bonus Bananas ever. How 'bout that? Let's get it on. 1) Incoming Deutsche CEO:...
Bonus Bananas December 2, 2011
1) Ben Bernanke In A Humvee: Why The Fed Bailed Out Europe ( Marketplace ) - The big news this week was the concerted effort on the part of the Fed and other central banks to provide liquidity to Europe in the midst of their current crisis. This rocketed the Dow 500 points in a day. But what really...
Bonus Bananas November 25, 2011
1) Death of a currency as eurogeddon approaches ( The Telegraph ) - We've been preoccupied with Thanksgiving in the States this week, but Wednesday's disastrous bund auction may prove to be the stake through the Euro's heart. As German sovereign debt rates rose above those of Britain, it is a clear...
Bonus Bananas November 18, 2011
1) Why Wall Street's Layoffs Are More Serious Than You Think ( Forbes ) - I hate to lead off the week with such a downer, but it's important that you guys read this. The piece explains the significance of massive layoffs in the back and mid office. Those are jobs that are probably never coming back....
Bonus Bananas November 11, 2011
My apologies for the lateness of this post today, gentlemen. I was at a Marine Corps birthday bash last night, and needless to say I'm a little, ahem , under the weather today. And yes, that's a picture of your old Uncle Eddie in his dress blues at 18. Happy Veterans Day. On to the bananas: 1)...
Bonus Bananas November 4, 2011
1) How American Banks Are Engineering the Next Apocalypse, Again ( Gawker ) - Here we go again, kids. Everyone knows Europe is a mess right now, but that hasn't stopped the major US investment banks from issuing tens of billions of dollars worth of European credit default swaps. Gulp. 2) A...
Bonus Bananas October 28, 2011
1) Merkel: 50 pct haircut to cut Greek debt by 100 bln euros ( Reuters ) - It's gotta suck to be Greek right now. Your creditors feel lucky to get 50 cents on the dollar, your goverment couldn't borrow a buck from a payday loan joint, and now you have full-time fiscal babysitters making sure you...
Bonus Bananas October 21, 2011
1. The Money Pit ( Self Evident ) - There is a reason this is the Number 1 Bonus Banana today: it is simply the best explanation of municipal bankruptcy I've ever read. It tells the story of Harrisburg, PA and how they got into the mess they're in. You absolutely will not believe the staggering...
Bonus Bananas October 14, 2011
1) TARP After Three Years: It Made Things Worse, Not Better ( Forbes ) - Bank bailouts have been in the news a lot lately thanks to the #OccupyWallStreet crowd. But it's not only lefty hipsters who think TARP was a sham. Here are the reasons why we're worse off in the long term for having bailed out...
Bonus Bananas October 7, 2011
1) How to Create a Million-Dollar Business This Weekend ( FourHourWorkWeek.com ) - In honor of Steve Jobs passing this week, I thought I'd start the Bonus Bananas with a inspiring article about becoming an entrepreneur in your spare time and creating the life you want to live. I think Steve would...
Bonus Bananas September 23, 2011
1) The Hero Rogue Trader ( The Daily Beast ) - Not everyone is pissed about rogue UBS trader Kweku Adobili and his $2 billion loss. In fact, some folks are tickled pink because they think it will provide the British government the necessary ammunition to crack down on the banks. 2) Delta One Desks...
Bonus Bananas September 16, 2011
1) How Wall St. 'fixes' kill jobs ( NY Post ) - Charlie Gasparino's take on the news of 30,000 layoffs at Bank of America . In his view, it's all Dodd-Frank's fault. He lays out a good case. 2) Amish investor charged with defrauding his community of millions of dollars ( Cleveland.com ) - Who knew...
Bonus Bananas August 26, 2011
I'm off to the Emerald Isle on Sunday, so I'll be out all next week. Somehow you guys will get by without me. Here's this week's Bananas: 1) Chart of the Day: Student Loans Have Grown 511% Since 1999 ( The Atlantic ) - I wish I could think of a way to profit from the education bubble, because it is...
Bonus Bananas August 19, 2011
Wow. Another wild week in the market. Here's this week's Bonus Bananas, and I've tried to make them stuff you can use to make a little dough over the next six months or so (plus there's a bunch of random great stuff). 1) ‘Death cross’ springing up everywhere ( Market Watch ) - Don't fear the...
Bonus Bananas August 12, 2011
I'm off to Germany for a long weekend this morning, fellas. So I won't have anything for you on Monday, and NSFW will be delayed a couple days next week. Hopefully this bounty of delicious bananas will be enough to tied you over. Enjoy: 1) Korean Stock Broker Leaps to Death Amid Market Plunge ( NBC...
Bonus Bananas August 5, 2011
That was one hell of a day yesterday. I'm anxious to see how things "go down" today! Here's this week's bananas: 1) Dow Sinks 500, Worst Day Since Dec. 2008 ( CNBC ) - Here's a nice, succinct wrap-up of yesterday's action. In a word? FUGLY. 2) Ex-Directors of Failed Firms Have Little to Fear (...
Bonus Bananas July 29, 2011
1) Goldman Sachs CEO Lloyd Blankfein Can't Understand How He Became Wall Street's Dr. Evil ( New York Magazine ) - It's hard out there for a pimp. My mom always told me that if you can't say something nice, don't say anything at all. So I guess the nice thing I have to say about this puff piece is...
Bonus Bananas July 22, 2011
1) Citing deficit, ratings agency downgrades U.S. credit ( Yahoo! News ) - It had to happen sooner or later. The first of what may be several actual downgrades of US credit has happened, and it comes from an independent ratings agency that isn't on the take from the banks and the government....
Bonus Bananas July 15, 2011
1) Searching for the Wives of Wall Street ( NY Times ) - Not another reality show. Really? I guess Mob Wives was a hit, because there's now an open casting call for Wall $treet Wives. Ugh. Can't we at least get a show about Wall Street mistresses? 2) Levin Says Better Offshore Tax Compliance Would...
Bonus Bananas July 8, 2011
Hey guys. My old squadron lost a bird on Wednesday, killing the 25-year old crew chief and seriously injuring five other Marines. Do me a favor and keep a good thought for these guys and their families. They're in a really dangerous line of work. On to the bananas: 1) Paulson's Lehman Bet Poised To...
Bonus Bananas June 24, 2011
By the time you guys read this, I'll be a on a beach in the Costa Dorada region of Spain in a location so remote that I don't even know where the hell it is (true story). Thank God for GPS. Anyway, I'll be gone all week next week and I won't have Internet access, so don't bother trying to reach me...
Bonus Bananas June 17, 2011
Sorry for the delay this morning, gents. My youngest graduated kindergarten today, so my presence was obligatory. Enjoy this week's bananas: 1) If Greece Defaults on Their Debt, These Countries Are Screwed ( Wall Street Cheat Sheet ) - Greece is the big story at the moment, and this is a handy...
Bonus Bananas May 27, 2011
1) UBS plans to split off investment banking unit ( News Times ) - UBS is spinning off their investment banking unit and incorporating it elsewhere to avoid new capital requirements instituted by the Swiss government. 2) Only 5% of analysts' ratings are 'sells' — and they're almost always wrong (...
Bonus Bananas May 20, 2011
1) The Most Awkward Meeting ( Wall Street Journal ) - Okay, so you already know the guys upstairs don't want anything to do with your lowly analyst/associate ass. But did you know that the elevators in your building are probably programmed so BSDs won't have their ride to the 50th floor sullied by...
Bonus Bananas May 13, 2011
Happy Friday the 13th, monkeys! 1) STUDY: Young People Want Money For All The Wrong Reasons ( Business Insider ) - You greedy bastards are doing it wrong, according to a recent study conducted by Kansas State University (alright, calm down, it wasn't that funny). Not sure what the right reasons are,...
Bonus Bananas May 6, 2011
1) Death of a Madman ( Slate ) - Obviously bin Laden is the story of the week. This is Christopher Hitchens's take on it, and he asks what I've been wondering since the news broke: are we to believe that Pakistan didn't know he was there all along? 2) Facebook's Mark Zuckerberg buys house in Palo...
Bonus Bananas Apr 29, 2011
1) Taibbi Parses The Levin Report ( Rolling Stone ) - Carl Levin isn't exactly soft-spoken when it comes to the financial crisis. Matt Taibbi translates Levin's report on IB skullduggery into plain English, and it's worth a read. He also introduces the pricing structure of "X+Blankfein" meant to...
Man Week: Bonus Bananas Apr 15, 2011
Just a quick heads up here, guys. I'm taking a well-deserved week off next week and skying out to Madrid for some R&R. Any monkeys in Madrid who'd like to share a San Miguel or ten should hit me up by PM or at [email protected]. I'll be taking my own advice and disconnecting completely next...
Bonus Bananas Apr 8, 2011
1. Fed's Low Interest Rates Crack Retirees' Nest Eggs ( Wall Street Journal ) - Millions of retirees are locked in a death race with their retirement savings thanks to the Fed's zero-interest policies. 91-year old WWII vet Forrest Yeager believes he can only stretch his remaining $45,000 another six...
Bonus Bananas Apr 1, 2011
Happy April Fool's Day (or poisson d'avril as we say here in the land of wine and cheese), monkeys! Got a great line up for you today, starting with a couple revelations from the Fed data dump mandated by the Supreme Court: 1) European banks big Fed borrowers in 2008 crisis ( Fox News ) - The fact...
Bonus Bananas Mar 25, 2011
1. Ex-Goldman programmer gets 8 years for code theft ( Reuters ) - The Sergey Aleynikov saga has finally come to an end with his being sentenced to eight years in prison for the theft of Goldman Sachs 's proprietary "Doomsday Machine" code. Hard to believe it's been almost two years since the public...
Bonus Bananas Mar 18, 2011
Sorry for the lateness of the post, guys. As you can probably imagine, I'm feeling pretty rough this morning. Here we go: 1) Banks pledge nearly $30 million in Japan relief effort ( FinanceAsia ) - It's not often we hear about our industry doing something good these days, but the banks are stepping...
Bonus Bananas Mar 11, 2011
1) The World's Billionaires ( Forbes ) - Thought I'd start this week off with a little porn for the avaricious among us. This year's Forbes 400 revealed that Mexico's Carlos Slim made everyone else on the list his pool boy by increasing his net worth over $20 billion in a year to top out at a...
Bonus Bananas Mar 4, 2011
Here's a little something for all you bitchin' rock stars from Mars with tiger blood dripping from your fangs. WINNING! 1) From Goldman to Grunt ( ABC News ) - Been wanting to run this story for a while, but other things always got in the way. It's about Kevin Mincio, a 31-year old VP at Goldman...
Bonus Bananas Feb 25, 2011
I gotta tell you guys, I cracked up so hard on a couple of these that Bonus Bananas is quickly becoming my favorite thing of the week to write. Here we go: 1) Deutsche Bank Gets Record South Korea Penalty Over $26 Billion Stock Slump ( Bloomberg ) - Wow. Deutsche Bank's black box went haywire in the...
Bonus Bananas Feb. 18, 2011
Lots of good stuff this week: 1) JPMorgan Grants CEO Dimon Big Stock Bonus ( ABC News ) - Jamie Dimon gets a $17 million bonus on the heels of a great quarter. $12 million is in restricted stock vesting in 2013 and 2014. The rest is in options exercisable over the next ten years, beginning next...
Bonus Bananas Feb. 11, 2011
Too many great stories this week. These are the ones you need to check out: 1. Calpers Sues Pretty Much Everyone on Wall Street ( Sacramento Bee ) - Thanks to the crap bonds Lehman sold to the nation's largest pension fund, a blockbuster lawsuit has been filed against pretty much everyone, including...
Bonus Bananas Feb. 4, 2011
Sorry for the lateness of this post, fellas. I got ahold of some bad saurkraut at lunch yesterday, and I've been puking like a frat boy for the past 24 hours. Anyway, this is something new we're going to be doing on Fridays from here on out. As you can probably imagine, I source a ton of stuff each...
What happened to Eddies Bonus Bananas?
I know Bonus Bananas haven't been posted in awhile, but what happened to them? Why no more bonus bananas? It kept me occupied for at least 15 minutes every Friday. Please bring back the BB 's!
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