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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
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They got rinsed.
Yeah! That’s the ticket! Those loans are worthless because that nasty Drier guy was in the room. Not our fault. They would have been really good ones like the rest of our portfolio if it weren’t for him.
Convenient excuse eh?
too breachy of fiduciary responsibility, didnt read
Citadel halt redemptions.
@5 so last week
Too lazy, didn’t do due dilligence.
From the old MAR/Hedge Madoff article… good read:
” Many major Wall Street broker-dealers, he observes, previously attempted to replicate established
market making operations but gave up trying when they realized how difficult it was to do so
successfully, opting instead to acquire them for hefty sums.
[Indeed, says Madoff, the firm itself has received numerous buyout offers but has so far refused any
entreaties because he and the many members of his immediate and extended family who work there
continue to enjoy what they do and the independence it allows and have no desire to work for someone
else.]
”
LOL I bet Bernie has been crying for a VERY long time… thinking of all those buyout offers.
Isn’t Eton Park the hedge fund that is run by an ex-Goldman Doogie Houser type genius?
There were/are a lot of Doogie Howser types at GS. Kind of like screaming NERD on the campus of MIT / Caltech and seeing who turns around…
Dreier ate my homework.
- Fixed Income
I think anyone who invested with Madoff should be able to access TARP.
eton park is run by a tiger cub, i thought?
Eric Mindich
How will Mr. Wilpon pay Mr. Putz if Bernie’s cohabitating with Mr. Drier? At least navy blue and orange, covered by the red arc, are the Metsies colors.
HEEEEEEEERS CITADEL!!!!
http://www.chicagobusiness.com/cgi-bin/news.pl?id=32228
Ken Griffin…you deserve the worst that life has to offer. I salute you with a peanut encrusted turd, sir.
Bend over MF’s.
Goddamn what a bunch of crooks.
What a fucken coward. His responsibility is to his investors, who entrusted him with their money. He didn’t even have a major draw down request. What an Ass.
He obviously is so levered that he can not take a hit equal to 10% of his base.
We all know what that means…
Bye Bye Kenny…
I like men. Can I spank some tasty men? I’d men till I came and while I spanked them, they’d moan in ecstacy while I buggered them from behind.
Men… I love you and want to bugger you.
Mumbai boy.
Oooooooh. This irony is delicious.
Anyone remember Sandra Manzke? The ex-hedgie bitch who was recently ranting against hedge-funds?
http://www.bloomberg.com/apps/news?pid=20601087&sid=acMfhSDgRmwI
Well guess what. “Another Madoff feeder fund was run by Maxam Capital. The head of that firm, Sandra Manzke, a former head of Tremont,”
So she had issues with hedge fund fees. Well I guess good thing that Madoff didnt charge much!!
This is awesome:
http://www.theglobeandmail.com/servlet/story/LAC.20081211.RHEDGE11/TPStory/Business
@22
“I’m wiped out,” said Sandra Manzke, Maxam’s founder and chairman. The Darien, Conn., fund of hedge funds will have to close as a result of the losses, she said.
http://online.wsj.com/article/SB122914169719104017.html
“Mr. Spring said Mr. Madoff didn’t want people to put in large amounts right away. “Bernie would tell me, ‘Let them start small, and if they’re happy the first year or two, they can put it more.’ ”
Really? Isnt that line right up there with ‘Ill just put the tip in’??????
@ 25, Raped little girls lately?
@24
MUWAHAHAHA
Good riddence to all these greedy, stupid people. “Sophisticated investors” my ass.
Wow.
Richard Spring, a Boca Raton resident and former SECURITIES ANALYST, says he had about $11 million — or 95% of his net worth — invested with Mr. Madoff. “That’s how much I believed in him,” Mr. Spring said.
Mr. Spring said he was also one of the unofficial agents who connected Mr. Madoff with dozens of investors, from a teacher who put in $50,000 to entrepreneurs and executives who would put in millions. Mr. Spring said Mr. Madoff didn’t want people to put in large amounts right away. “Bernie would tell me, ‘Let them start small, and if they’re happy the first year or two, they can put it more.’ ”
Mr. Spring says he never was paid a commission, but he received fees from a small investment-research firm that counted Mr. Madoff as a client; he declined to say how much he received. He said investors would always come to him asking to invest with Mr. Madoff. “I never solicited anyone,” he says.
Mr. Spring says he never detected signs of impropriety with Mr. Madoff’s investing, but he concedes that he may receive some blame from some investors. “I can understand where people who lost money are looking for a scapegoat,” he says. “I’m heartbroken that so many people have been hurt so badly.”
-
What a boob. If you worked in this business and fell for this, well…either you are tremendously greedy or your former employer should go back and take a look at everything else you did.
Great article in the WSJ.
“I really think very highly of him,” said Mr. Christensen. “People make mistakes.”
Well, as an old MD of mine said many years ago, there are some mistakes for which even your death will not atone.
How many circles are there in the Jewish Hell?
TED
Madoff cleverly used the “no fees” gambit to attract funds and so many fell for it thinking they were in on a good deal.
@30
A wise man once told me. If something sounds too good to be true, it probably is.
Wow, @25, that’s some Boiler Room shit, man. haha, ‘start small, and if you like us, we’ll do more.’
I bet they had Vin Diesel working the phones on new investors…
Convenient? Wait until you see Eton Park’s piece de resistance. They brought in Eric Feldstein, former GMAC Chairman; you know, the guy who earned $3+ million while GMAC was in the bad mortgage business. Care to guess why Eric Mindich brought him in? Because ‘Doogie Howser’ knows that his fund’s life is nearing an end, and he needs a high profile player to blame; or rather sacrifice to the Feds in Mindich’s last deal. No one knows the real reason why Feldstein’s predecessor Patrick Dennis suddenly left Eton in September. Guesses?
Anyone care to guess when this find’s life will be over? I’d be curious to know. Have they ‘closed the gates” here yet?