$$$ Madoff Victims: "Before I reached for a bedtime Tylenol PM that night, I Googled the Hemlock society. I wanted to know a painless way to die. Would you believe the Hemlock society no longer exists?" [Daily Beast]
$$$ A Wall Street Soirée, Amid the Storm [Dealbook]
$$$ "Chrysler said it will idle all manufacturing operations at the end of the day Friday for at least a month in an effort to align production and inventory with U.S. market demand." [WSJ]
$$$ Attention Paulson lovers and haters: Bald will be speaking at the 92nd Street Y tomorrow night. DO YOU HAVE SOMETHING YOU WOULD LIKE TO ASK? Submit your questions circa now, and the best one will be asked by moderator Stephen Adler of BusinessWeek. (The discussion will also be airing on CNBC and Bloomberg TV).
Posted by guest , Dec 17, 2008 6:34PM
A "ponzi crawl":
A pub crawl that adds a new person to buy a round at each location. Each new person is promised that they will get free drinks at all the future bars if they buy this round. Obviously, whoever joins the ponzi crawl last gets screwed!
http://86andlex.wordpress.com/2008/12/17/32/
Posted by guest , Dec 17, 2008 6:37PM
AHAHAHAHAAH!!
Couldn't read the first link without burst into peals of manic laughter.
Yolanda, pedicure, Hermes purses and Louboutin shoes, never used the Subway - I bet this a (good) joke.
Posted by VOL IS KING , Dec 17, 2008 7:01PM
Citi, out of TARP Money already.
NEW YORK (AP) - Customers of New York City-based Citibank have lost access to much of their account information because of a computer outage.Many of the troubled bank’s clients haven’t been able to retrieve account details online or by telephone since Tuesday afternoon. Others can access only parts of their account profiles.
“computer outage” is clearly a euphemism for “money outage,”
Posted by guest , Dec 17, 2008 7:09PM
adler is at business week now? last i heard he was drumming for Gn'R
Posted by guest , Dec 17, 2008 7:13PM
The 92nd Street Y? Good choice! That's the school that Sandy Weill promised to get Jack Gubman's kids into if he put out a BUY rating on AT&T, to raise the merger price. I wonder whose kids are getting in thanks to hooking Paulson as a speaker?
Posted by guest , Dec 17, 2008 7:14PM
I would have usually felt sorry for the writer woman in the link. However, she clearly is a member of the liberal elite who have fostered and furthered the kind of hatred for success and wealth (even if honestly earned) that she is seeing in the comments on her post.
Would I feel bad for Bono (the tax evader who wants to use other people's taxes to help destitutes) if he was scammed out of every penny of his? Hell no.
Posted by guest , Dec 17, 2008 7:19PM
"What's up with your crooked finger?"
Posted by guest , Dec 17, 2008 7:48PM
Times must be hard at CNBC. Chazz actually has a blog at the "Daily Beast":
http://www.thedailybeast.com/blogs-and-stories/2008-12-16/how-the-sec-got-in-bed-with-the-madoffs-literally/
Really Charlie, "literally"?
Posted by guest , Dec 17, 2008 8:57PM
Wow, this is pretty shocking.
http://online.wsj.com/article/SB122956182184616625.html#articleTabs%3Darticle
It is once again the FAILURE of regulation. SEC could (or would) do nothing and other kept piling on money assuming SEC was doing its job!
Posted by guest , Dec 17, 2008 10:16PM
http://online.wsj.com/documents/Madoff_SECdocs_20081217.pdf
Posted by guest , Dec 17, 2008 11:19PM
The 2005 letter sent to the SEC by Markopolos (linked above at the Journal) is devastating. My god.
Posted by guest , Dec 18, 2008 7:16AM
@11 - awesome read, he nailed it
Posted by VOL IS KING , Dec 18, 2008 7:25AM
@12:
I suspect that guy is a lucky nut. Why the hell wouldn't you just blackmail Madoff instead of flapping your gums at the SEC? Or better yet, blackmail him and then rat him out. Makes no sense. Clearly that guy is not very clever.
Posted by guest , Dec 18, 2008 8:09AM
Odds Chrysler actually reopens?
Posted by guest , Dec 18, 2008 9:07AM
13....integrity is too confusing for your clever mind? I doubt you even believe your own cynical bullshit,loser.
Posted by guest , Dec 18, 2008 9:44AM
did frank costanza cook for the soiree? hope so...it would save on $$$ now that Boiney took the money...
Oy....Boiney...such a nudge.
Posted by VOL IS KING , Dec 18, 2008 10:08AM
@15:
I don't believe in arbitrary values that can not be arrived at objectively. Not in the market, and not in "morals" either. People seem to not realize that their value systems are completely arbitrary and therefore meaningless.
However, I do not consider this to be cynical. It is, as the economists say, rational.
Posted by guest , Dec 18, 2008 10:25AM
You all are missing a big angle.
A publicly owned feeder was bought a few years back.
They had representation.
Big name. Bulge bracket advisors.
That spent days at Bernie's.
They said everything was kosher.