Picture 129.pngWe’ve been bracing ourselves for this one but, god, nothing could’ve prepared us for searing pain and sense of loss we feel. I hesitate to even mention it because the consequences could be just catastrophic. And yet, I cannot in good conscience keep this to myself, because it’s the sort of thing that doesn’t just affect the people involved, but counterparties, as well, like bums used to sneaking in a side door and taking part in the free buffett and cash bar. Okay, here it is: we’re told that our favorite Chicago hedge fund has canceled its holiday party this year, adding itself to a growing list now populated by BarcLehs, American Express, Bear Stearns and counting. I’m holding out hope that this a dirty, baseless rumor that will not come to pass but I’m truly terrified. For our friends in the Midwest, yes, but mostly for Gary Busey. It’s well-known in the industry that he works the hedge fund party circuit every year as a member of the catering staff, all culminating with the Everest of shrimp puff serving in Southern Connecticut. If he loses this gig, it’s all over.

Comments (29)

  1. Posted by guest | October 30, 2008 at 1:44 PM

    Why do you hate white people?

  2. Posted by american bandersnatch | October 30, 2008 at 1:55 PM

    I know everyone hates NY finance companies, but the trickle down affect from cancelling all these holiday parties is going to suck for a lot of people.

  3. Posted by guest | October 30, 2008 at 1:57 PM

    any good ideas of what to do with severance ?
    I am LEHer who got 3 months sev.

  4. Posted by guest | October 30, 2008 at 2:00 PM

    Strongly agree with #2. There are a number of restaurants/caterers that depend on over blown corporate holiday parties to make ends meet….On the flip side, I am intrigued by the prospect of actually partying with people I like during the holiday season.
    Ho Ho Ho

  5. Posted by guest | October 30, 2008 at 2:01 PM

    citadel on the tape saying it will wind down its fof business…

  6. Posted by guest | October 30, 2008 at 2:03 PM

    hahahahah
    Bess is seeing red today.

  7. Posted by guest | October 30, 2008 at 2:06 PM

    http://blogs.reuters.com/trading-places/2008/10/28/is-wall-street-poised-for-a-makeover/
    I bombed Reuters for the guy who came up with this phrase (which I love). Whoever you are, this is my tribute to you!!!
    _Moneygrip Wisdom

  8. Posted by guest | October 30, 2008 at 2:07 PM

    Note- by “bombed” I mean as in I tagged it
    -Moneygrip Wisdom

  9. Posted by guest | October 30, 2008 at 2:07 PM

    tldr

  10. Posted by guest | October 30, 2008 at 2:08 PM

    re the reuters article @7- i am so fucking sick of the hack journalists who insist on writing and rewriting the “what will the new wall street look like” story every god damn day.

  11. Posted by guest | October 30, 2008 at 2:08 PM

    7000 average Joe s have just been thrown out from American Express buildings.
    Reasons? Stated reasons or real-reasons?
    Read it below.
    http://www.marketwarnings.com/2008/10/layoffs-at-amex-is-amx-stock-real.html

  12. Posted by guest | October 30, 2008 at 2:10 PM

    @3 Short VW

  13. Posted by guest | October 30, 2008 at 2:10 PM

    what abt the MD announcement at GS. Get wtb the program Bess.

  14. Posted by guest | October 30, 2008 at 2:11 PM

    what abt the MD announcement at GS. Get with the program Bess.

  15. Posted by guest | October 30, 2008 at 2:13 PM

    what abt the MD announcement at GS. Get with the program Bess.

  16. Posted by guest | October 30, 2008 at 2:18 PM

    13,14,15 read before you write

  17. Posted by Bess Levin | October 30, 2008 at 2:18 PM

    sweetums@13/14/15– you mean this one?
    http://dealbreaker.com/2008/10/mazel-tov.php

  18. Posted by guest | October 30, 2008 at 2:19 PM

    Hey @ 16 what the fuck? Are you the DB posting police? Get a life you jerk off.

  19. Posted by guest | October 30, 2008 at 2:19 PM

    Triple@#13,14,15…
    What MD announcement at GS? Do you mean they laid off the 94 new partners already? Tell us.
    The Guy from Delaware

  20. Posted by guest | October 30, 2008 at 2:21 PM

    chiggity check yo self be fo’ u wreck yo self- shotgun shells iz bad fo yo healt!
    -Moneygrip Wisdom/ebonics

  21. Posted by guest | October 30, 2008 at 2:24 PM

    MY SOBRIETY IS SAFE!!!!!
    -Gary Busey

  22. Posted by guest | October 30, 2008 at 2:24 PM

    they announces the 2008 class of MDs at noon today.

  23. Posted by guest | October 30, 2008 at 2:26 PM

    they announced the 2008 class of MDs at noon today. Sorry abt the typo, iPhones suck.

  24. Posted by guest | October 30, 2008 at 2:26 PM
  25. Posted by guest | October 30, 2008 at 2:31 PM

    @3 – I have some Bear shares I can sell you, at a discount of course. Only $75 a share.

  26. Posted by guest | October 30, 2008 at 2:34 PM

    @3 – I have some Bear shares I can sell you, at a discount of course. Only $75 a share.

  27. Posted by Anal_yst | October 30, 2008 at 2:35 PM

    what would we do without celebrity rehab to get our Busey fix, gasp!

  28. Posted by guest | October 30, 2008 at 2:50 PM

    Hey Cohen, Im going to pull your endocrine system out of your body!!!!
    Guy is crazier than a sht-house rat…..

  29. Posted by guest | October 31, 2008 at 5:42 PM

    @3 Are you fucking serious? You don’t know what to do with a severance check. Are you fucking retarded. You are aren’t you. You are actually partially retarded. I have an idea, give it to me. Under no conceivable circumstance could I possibly do something worse that you with it. Damn, you fucking pissed me off. What do I do with a severance – fucking mansoup guzzle.

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