Lou Gutheil

“We got it wrong.”  That’s what Sir Mervyn King told the House of Commons’ Treasury Select Committee as he was testifying at a hearing on the Bank of England’s November Inflation Report.  No wonder the UK banking system is in such disarray.  The bloody Bank of England doesn’t know what it is doing either. I […]

Good grief!  Does it never end?  If it’s not the banks playing craps with sub-prime mortgage lending, rigging LIBOR rates, or picking the pockets of loyal customers with unnecessary fees, then it’s the financial traders running amok throwing customers’ money to the wind like rice at a wedding.  If not them, it’s utility companies tacking […]

Given the events of the news released this morning, you might wonder if UBS stands for Unbelievable Banking Screw-Up. The traditional round of tea at the Monday morning UBS staff meeting was served iced as the bank got kicked in the knickers with a £29.7 million fine for failing to have adequate controls in place […]

The public’s thirst for beer is so great that only a board of fools and a management of incompetents could drive a beverage manufacturing and distributing company into the ground.  Since Sabmiller (LSE:SAB) listed on the London Exchange in 1999 it has proven that its vision of mergers and acquisitions has been ideal for this […]

Barely two hours ago, the UK courts found a former UBS (UBSN:VX) trader guilty of a second count of fraud.  It’s about time that some of the low-lifes who are living the high-life at British taxpayer expense start living the secluded life.   It’s about time that these pocks on the face of dignity get dragged […]

Hallelujah!!  At last!! What more is there to say??? The courts have done the right thing.  They are starting to cut out the cancer in the UK financial sector. We applaud the conviction of fraud. Full story to follow soon.

The future of Cisco (NASDAQ:CSCO) has suddenly become very cloudy, but a 0.27% increase to $17.99  in its share price in pre-trading, not to mention common sense, indicates that, counter-intuitively speaking, their cloudy future is a very good thing.  It will an interesting stock to watch on the NASDAQ today. The company announced this weekend […]

Man Group (LSE:EMG) announced this morning that it has completed negotiations with Hutchinson Investors Ltd  and has started the mechanism for selling its remaining exposure to Lehman claims that it acquired in July of 2011. At a sales price of $456 million, Man Group is selling the claims at a 32% premium to their value […]

Maybe it’s just me, but have you heard the word “fraud” used much lately?  I didn’t think so.  Neither have I.  What ever happened to it? The only thing I could think of is that it has become a so technically precise legal terminology that it is only used in legal charges, challenges, torts, and […]

The guys over at Scottish & Southern Energy (LSE:SSE) have once again proven the theory that either they never took courses in psychology and public relations, or that they have got their heads buried so deep in the sand that they have long ago lost any sense of how their customers view them.  Or, maybe […]