• 12 Nov 2008 at 5:36 PM

Write-Offs: 11.12.08

$$$ Hypnotherapy for Worried Wall Streeters [Cityfile]
$$$ No Santa suit for Vikram Pandit this year. [Clusterstock]
$$$ Cody Willard’s new friend! [HuffPo]

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Comments (16)

  1. Posted by guest | November 12, 2008 at 5:47 PM

    FIRST!

  2. Posted by guest | November 12, 2008 at 5:49 PM

    The count doesn’t need Santa

  3. Posted by guest | November 12, 2008 at 5:50 PM

    @2, who needs Santa when you have the freakshow circus coming to power in January to save us all.

  4. Posted by guest | November 12, 2008 at 5:55 PM

    @3
    It’s all about change baby. Lil’ Wayne is gonna change the wooooooald!

  5. Posted by guest | November 12, 2008 at 6:14 PM

    The video DB does not want you to see.
    http://www.youtube.com/watch?v=ciG-Xs7mBwU
    SPODE

  6. Posted by guest | November 12, 2008 at 6:19 PM

    Only the NY Freakin’ Times could have Ron Paul listed as 5th place for Secretary of the Treasury — hah.
    http://www.nytimes.com/interactive/2008/11/11/us/politics/20081111_CABINET_PICKER.html

  7. Posted by guest | November 12, 2008 at 6:25 PM

    @6 The Foreign Policy list was much worse.
    http://www.foreignpolicy.com/story/cms.php?story_id=4507

  8. Posted by bank_teller | November 12, 2008 at 6:41 PM

    Gents, do yourself a favor and enjoy today’s WS.
    http://www.wallstrip.com/2008/11/12/the-female-health-company-fhc/

  9. Posted by guest | November 12, 2008 at 7:14 PM
  10. Posted by guest | November 12, 2008 at 8:41 PM

    Tomorrow will be a bloodbath.

  11. Posted by guest | November 12, 2008 at 10:31 PM

    The market is clearly reacting to the fact that the Mavericks WERE NOT ELECTED. We were looking to John “I don’t know much abt the economy” McCain and Sarah “why do you want to know what periodicals I read” Palin to get this b1tch on track!
    Maybe the new stimulus can be to let Gay ppl get married so they can start spending on weddings? Sounds good CaliFORNIA??? It may help cover your budget shortfall.
    By the way, has anyone read Federalist 51 lately? Madison would NOT BE PLEASED.
    Cheers,
    Tanned Banker

  12. Posted by Anal_yst | November 12, 2008 at 11:45 PM

    @7
    Holy fucking shit, you couldn’t be more right, wtf Hill-dog as Secretary of the Treasury, what the fuck are the editors daft or insane (or both?), to say nothing of their selection of “brightest minds” to pick the next cabinet, which is dubious at best.

  13. Posted by guest | November 13, 2008 at 7:49 AM

    10 please elaborate-

  14. Posted by guest | November 13, 2008 at 8:00 AM

    Governor Mark Sanford of south Carolina and Rick Santelli of CNBc are my heroes!
    Governor Sanford: Make Voice Heard to End Bailout Excesses
    GOVERNOR SAYS CITIZENS MUST PUSH CONGRESS TO EXERCISE BETTER OVERSIGHT
    Columbia, S.C. – November 10, 2008 – Governor Mark Sanford today called on South Carolinians to make their voices heard to Congressional leadership about the “gaming of the nation’s taxpayers” being spurred by Congress’s lack of oversight of the recent federal bailout bill.
    In a letter sent Friday to U.S. Treasury Secretary Henry Paulson, the governor urged the Secretary to take whatever steps he could to prevent taxpayers being exposed to additional and unnecessary liability from the bailout, writing that, “The federal government, and by extension taxpayers, are being gamed. I think it’s dangerous over the long run the way that taxpayers are being sapped, and this dynamic is playing out in South Carolina.”
    The governor cited a number of examples today and in Friday’s letter, including:
    - The sooner-than-expected retirement of Carolina First CEO Mack Whittle. Some have surmised that Whittle’s retirement date was moved up so that his bank could apply for federal bailout money while Whittle retained his “golden parachute.” The estimated value of Whittle’s retirement package is $18 million, a deal that would have been compromised if the bank had asked for a taxpayer bailout before Whittle left.
    - A growing number of banks are applying for federal bailout money despite not having engaged in risky lending practices, to make sure they receive a portion of federal “free money” and not be put at a competitive disadvantage.
    - The Federal Reserve is now putting $150 billion in AIG after an initial bailout attempt failed to stem massive losses, $27 billion more than previously extended. After an initial bailout with taxpayer money in September, AIG treated some staff to spa retreats in California ($440,000) and a hunting trip in England ($500,000). The Wall Street Journal reported last week that some $40 billion is being paid to executives of banking giants that are getting bailout payments. On top of that, Bloomberg reported today that the Federal Reserve is refusing to identify who is even getting $2 trillion in emergency loans.
    “In the rush to ‘do something’ about the turmoil in the credit markets, Congress has failed miserably in keeping an eye out for the taxpayers and watching for unintended consequences of this bailout,” Gov. Sanford said. “To put it simply, taxpayers are getting gamed. While we continue to believe that the bailout was an incredibly bad idea in the first place, it’s being made worse by loose rules and oversight that are putting taxpayers on the hook for billions more. I’d urge every South Carolinian to make their voices heard to Washington D.C. about the need for real oversight of the bailout going forward.”
    Joel Sawyer
    Communications Director
    Office of Gov. Mark Sanford
    http://www.scgovernor.com/news/releases/11-10-08.htm

  15. Posted by guest | November 13, 2008 at 8:19 AM

    Wonder if Ben and Hank are getting a lot of cards and letters?

  16. Posted by guest | November 13, 2008 at 8:34 AM

    Bess – Muffy should comment on Martin Eisenstadt. Maybe she knows him personally? In a biblical way?

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