Write-Offs: 01.29.08

Posted by Bess Levin, Jan 29, 2008, 5:06pm

$$$ This is by far our favorite thing of the day: YouWalkAway.com.

$$$ Barry Ritholtz says farewell to Ben Stein.

$$$ Jerome Kerviel: French National hero?

$$$ Anyone care to venture a guess how early Rudy drops out of the race and endorses McCain?

$$$ Mentors and Strategies [MM]

$$$ Here's the 74 billion question: Was the Fed's decision to cut rates last week the indirect result of Kerviel's unauthorized $74 billion in trading positions, which SocGen was furiously unwinding on MLK day? Bonus round: has the realization that it was one bank's unwinding made a deep Fed cut less likely tomorrow?

$$$ The question is, why wasn't Charlie Gasparino quoted in, or at least consulted for, this story? [thestreet.com]

$$$ SocGen: C’est Le Takeover Time? [Deal Journal]

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Posted in: Write-Offs

Comments

Posted by jds, Jan 29, 2008 5:20PM

This "Muffie" character makes me want to rip my face off.

Posted by , Jan 29, 2008 5:34PM

Love muffie with her muff stuff.

Posted by , Jan 29, 2008 5:51PM

Off topic, but did anyone else catch the premiere of wall st warriors? Finally watched got around to it on the tivo - it was absolutely horrendous. I was cringing the entire time.

Posted by Anonymouse, Jan 29, 2008 5:54PM

The woman on the top of the youwalkaway website reminds me of the Muffster. Something in the water perhaps?

Anyhoo, I never guessed defaulting on your mortgage could be so fun and fulfilling: these people look downright cheerful.

Posted by Anal_yst, Jan 29, 2008 5:57PM

HUGE surprise youwalkaway.com is based in San Diego...

Posted by , Jan 29, 2008 6:21PM

Awesome... I was really in need of some Muff

Posted by Market M.A.C., Jan 29, 2008 7:05PM

@ Anal_yst:

What you don't understand. The guy's got Countrywide as a partner. Any problems, he goes to Angelo . Trouble with a bill, he can go to Angelo. Trouble with the cops, deliveries, he can call Angelo. But now the guy's got to come up with Angelo's money every week. No matter what. Business bad? Fuck you, pay me. Oh, you had a fire? Fuck you, pay me. The place got hit by lightning, huh? Fuck you, pay me.

And then finally, when there's nothing left, when you can't borrow another buck from the bank or buy another case of booze, you bust the joint out. You light a match. You blow the joint.

Posted by , Jan 29, 2008 7:11PM

that Muff references Cramer is just icing on the cake.

"When the shoe-shine guy gives you stock tips, it's time to get out."
- Joseph Kennedy

Posted by Anonymous, Jan 29, 2008 7:44PM

Wow, Cody Willard is a professor at Seton Hall and manages a hedge fund. I thought he was just a TV host.

Posted by Market M.A.C., Jan 29, 2008 8:05PM

What the fuck is Seton Hall?

Posted by , Jan 29, 2008 8:41PM

M.A.C

I'm pretty sure it's a dorm at Rutgers.

Posted by , Jan 29, 2008 10:05PM

yeah muffie is not funny in the least

Posted by , Jan 29, 2008 10:08PM

p.s. what is codys AUM?

5 mil?

Posted by Anonymous, Jan 29, 2008 10:20PM

Here's what codys site says

"From RevolutioNetwork.com to Seton Hall to managing money to TV and media to writing about my trading for pay on TheStreet.com and the Financial Times...I just fell behind in keeping The Cody Blog rocking. But, although I just this weekend launched another part of the RevolutioNetwork of sites, Dividend.com, I've actually been easing back on the gas pedal a bit. And now I'm bringing the flow back."

Posted by Disinterested Observer, Jan 30, 2008 12:09AM

Giuliani came in third in Florida and is going to bow out tomorrow in favor of McCain. Giuliani took the opportunity to give a long, boring farewell speech that even cable news cut away from.

Youwalkaway.com is charging users $1K for using their services, which consist of a few routine letters and a "timeline" advising when to get out of a foreclosed house.

Muffie and Mitt Romney: both Harvard MBAs.

Posted by , Jan 30, 2008 2:48AM

Muffie needs a facebook profile

Posted by , Jan 30, 2008 7:59AM

I am so confused. Muffie used to be so funny, now ... eh, it seems like she is trying too hard and having trouble staying in character. Is she still being written by the same person even?

Posted by , Jan 30, 2008 10:24AM

does erin burnett have a bruise on her forehead, or am i seeing things!?!?

Posted by , Jan 30, 2008 10:26AM

She's a VULCAN!

Posted by , Jan 30, 2008 11:08AM

Muffie is funny you morrons.

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