Dick Fuld’s take on the Paulson Dinner [via USN]:
From: Fuld, Dick
Sent: Saturday, April 12, 2008 2:52 AM (GMT)
To: Russo, Thomas A
Subject: Tom
____________________________________________________________
Just finished the Paulson dinner.
A few takeaways//
1-we have a huge brand with treasury
2-loved our capital raise
3-really appreciate u +Reiders work onm ideas
4-they want to kill the bad HFnds + heavily regulate the rest
5-they want all the G7 countries to embrace
Mtm stnds
Cap stnds
Lev + liquidity stnds
6-HP has a worried view of ML
All in all worthwhile.
Dick
From: Paulson, Hank
Sent: Saturday, April 12, 2008 2:52 AM (GMT)
To: Kashkari, Neel
Subject: Neel
____________________________________________________________
Just finished the Fuld dinner.
A few takeaways//
1- gs is a huge brand with us. Leh not so much
2- very proud of himself for giving away shs to swf for chump change
3- kept talking abt these russo + reider guys. Don’t know who the fuck they are. Don’t care
4- I want to heavily regulate bad HFunds + kill Lehman
5- df doesn’t use utensils when he eats
6- have a very worried view of Leh. Again, don’t care. Will probably tell BofA to buy ML
All in all worthless.
Hank
All in all worthless – like this post. Couldn’t you have put that at the beginning of the post?
does Dick Fuld drive a RR Phantom with the license plate ‘DF’? (just guessing). If so it’s parked up on 50th street for all you ex Lehman types that fancy taking your revenge with a 9 iron.
Since when can you park anywhere in midtown, between 7am and 7pm. Sure theres not a driver in that car?
Ya, Dick Fuld gave these lyrics to Game:
We are not the same, I am a Martian
So approach my Phantom doors with caution (caution… caution)
You see them 24′s spinnin’? I earned em
nope, window partially wound down too. It’s parked opposite the Daisy Mays cart.
Wish it read, “I Just KILLED That Interview, SON!”
More gangster. Wu-Tang’s for the children.
that’s dougie fresh dood
Bess, this is a classic… loved it…
~SEG
Funny.
Wish it read, “I Just KILLED That Interview, SON!”
More gangster. Wu-Tang’s for the children.
Hank was just f’ing with Dick. Hank likes to mention a different firm is worrying him at each dinner he attends. Always a hit with his in-laws during the holidays.
Bess did a post where no one “takes a load” or gets “Ass pounded” What a nice girl…
that was great… maybe @1 is Neel and is just pissed off cuz his sister made that p%rno with ray jay….
13 = genius
Speaking off the holidays – hanks brother was a fixed income sales dude at LEH.
Should be interesting times at the Paulson Thanksgiving table.
Speaking off the holidays – hanks brother was a fixed income sales dude at LEH.
Should be interesting times at the Paulson Thanksgiving table.
@15 oh shit….
That is the second Thanksgiving table where I would like an invite, the first? Alan Colms (Hannity and Colms)is married to Monica Crowley’s sister.
18 Interesting. I’m totally left but have always found Monica Crowley to be interesting and thought provoking. Clearly not a Rush or Hannity, where its all stupidity and emotion. Maybe that’s why she’s no longer on the air.
no, she is on the radio.
she was promised a program by MSNBC, Dan Abrams made a 360 and all of a sudden she was out and Rachel Maddow was in, the handwriting was on ther wall.
enuf with fuld already. it’s over, let it go. isn’t there new fodder to be found?
@21- yeah, see all the other posts today, dbag.
I think the big point, is that the US Treasury Department has declared war on those of us who try to hedge our risk.
I am glad I am a piker, it appears that if you run a 10 digit fund or larger, you have a giant bulls eye on you and Hank is out hunting liquidity for his banks…
Prime Brokers are targeting their clients now…
~SEG
Oh and PS- takeaway #7 -
for some reason HP stared longingly at my ass, drooling, and mumbled “mmmm gonna have some of that someday”
What on earth did he mean by that? oh well…
a little behind?
http://www.1440wallstreet.com/index.php/site/comments/regulators_plot_to_kill_bad_hedge_funds/#extended
“But that’s not all. He goes on to say, “And why did [Lehman's] chief operating officer for Europe, Benoit Savoret, get a $16.2 million bonus when he was also fired? Fuld testified in Congress that this money was owed to Savoret as part of a contractual obligation. But wasn’t this contact rejectable in bankruptcy court, which would have made it simply an unsecured claim? Therefore was this simply an excuse to give a gift to a departing executive? In my opinion, this money should be returned to the Lehman bankruptcy estate.”
http://www.cnbc.com/id/27204930