John Thain, former chairman and CEO of Merrill Lynch and COO at Goldman Sachs, told Bloomberg Television’s Erik Schatzker and Sara Eisen on “Market Makers” today that a crisis like the one in 2008 could “absolutely” happen again.” Thain said, “If anything, too big to fail is a bigger problem because the biggest financial institutions are more concentrated today than they were. Dodd Frank did not solve too big to fail.”

Thain, who is currently CEO of CIT Group, also commented on selling the company to a larger bank, saying that would be “obvious.” He said, “The big banks are awash in deposits and they can’t generate attractive assets. We, in all our businesses, are able to generate very high-yielding, attractive assets, so the logic of that is obvious.”

Thain on how comfortable we should be with what Wall Street has become since September 2008:

“If you are asking about too big to fail and can what happened in 2008 could happen again, the answer is yes, it absolutely can happen again. If anything, too big to fail is a bigger problem because the biggest financial institutions are more concentrated today than they were. Dodd Frank did not solve too big to fail.” >> Read More

At the Berkshire Hathaway annual shareholder meeting, billionaire, Warren Buffett-buddy, and Berkshire board member Bill Gates participated in the annual, folksy tossing of the newspapers.

From Reuters:

Berkshire Hathaway CEO Warren Buffett (R) watches friend Microsoft Chairman Bill Gates throw a newspaper in a competition just before the Berkshire annual meeting in Omaha May 4, 2013. Buffett and the board of his conglomerate Berkshire Hathaway Inc are “solidly in agreement” on who should be the company’s next chief executive, he said at Berkshire’s annual shareholder meeting on Saturday.

Signs of extreme physical tightness in the gold and silver markets continue to intensify, with reports of banks and firms refusing their customers physical delivery of their own bullion are increasing nearly hourly. 
The latest report comes from the CME’s former CEO Leo Mahlamed, who reportedly was refused delivery of 2 gold contracts Tuesday! 
Mahlamed attempted to stand for delivery of 2 April gold contracts (a measly 200 oz), and according to reports from the floor, the CME reportedly refused to physically deliver 200 oz of gold to its former CEO, and would only provide Mahlamed a warehouse receipt! 
The music appears to be stopping, and the paper game is up!

Click here for more on the former CME CEO being refused physical delivery of gold:

Nestlé CEO Peter Brabeck: “Access to water is not a human right”; NGOS are extremists youtu.be/nTqvBhFVdvE (2′ 11″)

— Ian Fraser (@Ian_Fraser) April 21, 2013

N. Chandrasekaran, CEO and managing director, told reporters that the company would beat the 12 per cent to 14 per cent growth in revenues that the National Association of Software and Services Companies (Nasscom) had forecast for the industry as a whole this year.

“We are confident of beating the Nasscom 2013-14 sector growth forecast. The deal pipeline looks strong going ahead and we are positive on all sectors, including banking, financial services and insurance. Fiscal 2014 will be a better year than fiscal 2013. The decision making today (by clients) is better than last year, the deal pipeline is strong and we continue to see strong momentum. While deal closures are happening, we also seeing traction in discretionary spending,” said Chandrasekaran.

-On 9th April ,Stock was at 1488 level and We told /written to sell with Target of  1402-1377 level.

Yesterday it kissed low of  1435 & closed at 1461 level.

Today ,Just watch : 1471 level ,If crosses and trades with volumes for 10-15 minutes will take to 1493-1500 level !!

There after will kiss 1522-1529 level.

Technically Looking Weak only.On Rise ,Sell Sell Sell.Very soon will see stock going below 1400 level !!

If Fundamentals are Strong ,Company doing great ,Management very Optimistic (in last qtr too )and Yesterday too…Then Why Stock is down from last qtr result ??

Forget Fundamentals ,Just follow Trading levels..Nothing else.

Will Update more to our SUBSCRIBERS ,Updated at 7:24/18th APRIL/BARODA

Legendary short seller Jim Chanos gave an extensive interview to Salon.com about how to spot fraud and corruption in business.

 It’s an incredible coincidence that the story was published today, since the news broke that former Enron CEO Jeff Skilling, a man Chanos helped put behind bars, could be getting out of jail early.

Enron is held up as the paragon of 1990s corporate greed. There, not everything was as it seemed despite excellent press all over the business world and a great reputation.

The point is that companies can build amazing brands without being amazing businesses, and as Chanos points out, part of that brand can be doing charity work. >> Read More

Two former chiefs of Afghanistan’s Kabul Bank have been sentenced to five years in jail for the multi-million dollar fraud that almost led to its collapse in 2010.

Founder and former chairman Sherkhan Farnood and ex-CEO Khalilullah Ferozi were tried in a special court.

Revelations of massive corruption led to a run on the bank in 2010.

Foreign donors bailed it out fearing its failure could lead to the collapse of Afghanistan’s fragile economy. >> Read More

During today’s BlackBerry 10 press event in New York City, Research in Motion’s CEO Thorten Heins made the surprise announcement that the company was changing its name to BlackBerry and will use the stock symbol BBRY. He stated, “We have reinvented the company, and we want to represent this in our brand.”

This is a huge change for a company that’s been around since 1984. However, it’s certainly a welcome one. Research in Motion, also known as RIM, needed to ditch the name to the far more familiar BlackBerry as a symbol of its plans to go forward with the new BlackBerry 10 operating system and its two new devices.

This is not the first time that a big tech company has changed its name. Apple Computer turned into just Apple in 2007. However, changing Research in Motion to BlackBerry is a far more radical change. Basically, it’s as if Microsoft decided to call itself Windows from now on, or if Google changed its name to Android.

In any event, it will certainly be easier to write about the company from now on. This will be a move that will be highly supported by both consumers and businesses.

Here we see STOCK Crashing upto 630–625———-600 level !!

Very Soon will see 569-521 level

Industrial conglomerate Siemens AG says its net earnings declined 12 percent in the October-December quarter as revenue edged slightly higher, new orders declined and the company took one-time charges — some related to the solar power business it is selling.

The company said Wednesday that it earned €1.21 billion ($1.6 billion) in its fiscal first quarter, compared with €1.38 billion a year earlier. Revenue climbed 2 percent to €18.13 billion from €17.86 billion.

However, orders dropped 3 percent to €19.14 billion from €19.72 billion. CEO Peter Loescher cautioned: “for the rest of the year as well, we don’t expect any tailwinds from the global economy.”

Siemens said a €150 million loss at the solar business contributed to the net profit decline. Its transport business also took charges of 116 million.