Archive for September, 2007
Why is this man smiling?
Countrywide Financial’s Angelo Mozilo is under the gun for selling stock while allegedly pumping it in the media. Can you say “10b5-1 Plan“?
According to BusinessWeek, he claims to have sold stock options (via cashless exercise) while “holding most of his net worth in Countrywide.”
I wonder if he means he’s holding Countrywide Financial’s stock or if [...]
Repricing Risk
Students of Introductory Economics classes are taught that when supply equals demand there is equilibrium. When securities trade each day, each transaction is at equilibrium. If traders believe that a security’s price reflects all that is known about the security, plus the uncertainty factor, risk is therefore “repriced” each and every trade, not just in [...]
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