Wednesday, January 07, 2009, 8:05:39 AM
NYSE CEO Duncan Niederauer on our equity culture as well as hedge funds, leverage, regulation, NYX and more
(Nightly Business Report, video or transcript)
Markets Open on Inauguration Day (WSJ.com)
A spokesman for the Big Board, a unit of NYSE Euronext, said of the Jan. 20 inauguration: "That will be an important and historic day for America as well as for the rest of the world, and the best way for us to mark the occasion as a global financial marketplace is to be open for business."
NYSE MatchPoint Revs Up Today (Client Notice, Backgrounder Slides, Exchanges post)
Capitalism and Trust (Robert Bruner) -- Excellent read, including J.P. Morgan's famous exchange with a Congressman, in part:
UNTERMYER: Is not commercial credit based primarily upon money or property?
MORGAN: No, sir: the first thing is character.
UNTERMYER: Before money or property?
MORGAN: Before money or anything else. Money cannot buy it.
Is Financial History Bunk? (Paul Kedrosky's Infectious Greed)
The Value of Financial History (David Merkel)
What do you think: valuable, bunk, or somewhere in between?
In Today in NYSE History (NYX.com), a reminder of the Great Depression (no shortage of such reminders these days!):
07 Jan. 1933 -- The Exchange was closed for the funeral of Calvin Coolidge.
