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Wall Street Roundup: Boxing Blankfein, the next bubble

Gold: Trading now at $1,405 per ounce, up 0.1% from Wednesday. Dow Jones industrial average: Trading now at 11,357.04, down 0.8% from Wednesday.

Doubts about the Fed. Three-quarters of international investors surveyed by Bloomberg said they don't think the Federal Reserve's new stimulus plan will do anything to help unemployment in the U.S.

The next bubble. A look at how the Fed's easy money policy could be fueling the next bubble.

Hedge fund exodus. Goldman Sachs and other big institutions are fleeing a hedge fun run by former Harvard hockey player Phil Falcone.

Boxing Blankfein. A New York Post columnist and long-time critic of Goldman Sachs challenges the firm's CEO, Lloyd Blankfein, to a boxing match and guesses, brazenly, that if he accepted, Blankfein would "be sitting on moneybags instead of a stool."

Rabbi found guilty. A Brooklyn rabbi was found guilty Wednesday of trying to extort money from one of America's smartest hedge fund operators, Steve Cohen.

-- Nathaniel Popper

 

 
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