GLG News by Mr. Mark Mariotti, Chief Executive Officer
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
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Financial Armageddon off the table; now what?
November 19, 2009
Goldman Sachs launches $500M small-business venture | www.njbiz.com
Since we all seem to agree that financial Armageddon is off the table, and multiple iterations of TRILLIONS of dollars of current US taxpayer capital & debt has flooded the economy, we all seem to also agree the future impact of this indebtedness is unknown.We also seem to agree that US small business can take us forward and create more opportunity and jobs.
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October 7, 2009
Climate Change: How to Invest for the Possibility | seekingalpha.com
The social awareness of climate change presents an opportunity to capitalize on firms providing net benefits to the global carbon footprint.
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JPMorgan, the man who encouraged lending
September 26, 2009
How to Stop a Credit Card Payment Increase | www.mainstreet.com
During the last major financial meltdown or depression, JPMorgan, the man who encouraged lending by laying down the gauntlet to his peers, single handedly stimulated the economy. He knew that the severe times dictated new and severe lending techniques. I believe there is going to be an even LARGER backlash to Chase and American Express and other credit card lending institutions, that continue in the business of credit card lending, and continue alienating the high FICO borrowers.
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More Fantasy Business, Really!
September 18, 2009
Fantasy Football Open Championship Awards First-Ever Million Dollar Grand Prize | www.reuters.com
Last year the first-ever million dollar prize for a Fantasy Football league was awarded, indicating that this fantasy business is becoming big business. Since 1998 our firm's FMPartnersOnLine holdings have engaged in providing sports content via Internet affiliates. Sign-ups for the 2009 fantasy football season began on Jan. 12 - and are still being started since the beginning of the NFL season.
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September 17, 2009
Lending in Europe continues to shrink | www.ft.com
Banks across Europe have insisted in recent months any decline in lending is due to a falloff in demand, not supply. Supply is not useful if the line or rate does not make any sense.
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September 11, 2009
Banking On Fantasy | www.forbes.com
Several top Institutional Investors have equity invested (albeit a extremely low percentage of capital invested), along side longtime directors, executives and investors in CASCADE BANCORP.
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Location, Location, Location... & Transparency
September 9, 2009
Cascade Bancorp enters into agreement with FDIC | www.bizjournals.com
With the recent history of global & US banks equity stripping, and US banks closed by the FDIC, it is due time for Bank Holding Company management to provide clear and concise press releases on a very urgent and timely basis.
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US Credit Line Draw Down, Down
September 8, 2009
Banks swamped by a wave of personal debt | business.timesonline.co.uk
Recent studies indicate that the US consumer and small business usage of their existing lines of credit has declined.
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All hands on deck, full steam ahead
September 7, 2009
Cascade Bancorp enters into agreement with FDIC | www.bizjournals.com
Both the FDIC and the board supporting executive management of Cascade Bancorp are doing their job to the best of their abilities.
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China Sovereign Wealth Fund Looking Outside China
August 31, 2009
MV Weather Report: China's Winds Unable to Propel US Sails | webmail.aol.com
The investment guru's that run the China Investment Corporation (CIC), the $200 billion ($241bn USD) state-run sovereign wealth fund, are feeling the effect of the US Market's dog days of summer as well as being cautious of their own markets.
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August 11, 2009
Carlisle Companies Rebound With Economy | seekingalpha.com
For so many years (perhaps even decades) the US manufacturing cost of various materials have been more expensive than other countries. Using actual bottom line profit as a metric, Carlisle is returning an offshore operation back to the US.
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Small volume sellers, extremely vulnerable to dysfunction and fraud
July 27, 2009
new ebay program aims to reward good sellers | www.ecnmag.com
eBay is making a progressive move to help its solid but low-volume sellers, by providing incentives to keep feedback numbers high. Both Amazon and eBay provide a facility for buyers to leave feedback on transactions.
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Borat and Bruno - not withstanding - Kazakhstan means business
July 18, 2009
only fools and doping cops would doubt lance armstrong -- fanhouse | jay-mariotti.fanhouse.com
The venerable (arguably a true legend in his own time) Lance Armstrong is placing his long standing career back on the line.And Lance Armstrong's team is Team Astana Cycling Team.
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Desperate times, desperate measures
July 18, 2009
American Express halts UK pension payments | business.timesonline.co.uk
The value of due diligence, and buyer beware has never before in financial times been so important. There are definitely two sides to this issue. We are faced with commitments made based upon invalid assumptions of risk management techniques.
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July 13, 2009
goldman says it has ‘no material exposure’ to cit (update1) - bloomberg.com | www.bloomberg.com
The latest news regarding CIT is not good. Fitch Ratings downgraded its ratings for CIT Group Inc. deeper into junk status on Wednesday. From my personal experience and public information, CIT is the third big-bank lender to destroy small-business access to credit.
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Capital Without Representation
June 30, 2009
Green groups to sue over RBS investments | www.ft.com
Very tricky investing when it comes to buying stock which can be revalued by the adjustment of the underlying security asset. Buying stock in a bank holding company is similar to buying options. Various issues develop from the government nationalization of previously held assets by the private sector. Obviously the first issue is the principal stripping (inevitable price valuation destruction), and the second issue is becoming; which controls are available to the existing private sector holders (those in at the beginning) and those new government (government of the people by the people) holders.
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June 25, 2009
congress grills bernanke on bofa/merrill deal | www.reuters.com
Currently the U.S. Government is interrogating and receiving testimony from Mr. Bernanke. The overriding theme of the interrogation (which is BofA) has been obfuscated once again by semantics and Bill Clinton era speak.
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BlackRock manages the planet's equity
June 23, 2009
Barclays accepts BlackRock's BGI bid | uk.reuters.com
U.S. fund manager BlackRock with various origination ties to U.S. banking and U.S. government asset management; reaches across the pond and expands its horizons.
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Balance of price and funding has occurred in local markets.
May 19, 2009
Mortgage lending picks up | www.ft.com
One of the final stages required for a real estate cycle recovery is buyer availability of funding, and the capitulation of sellers price expectation.
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April 16, 2009
happiness index: nebraska nabs top spot | news | money/investing | mainstreet | www.mainstreet.com
Similar to financial sectors, each US State will have its own pace of recovery.
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