• 27 Jan 2009 at 5:06 PM

Write-Offs: 01.27.09

By Bess Levin

$$$ Harvey Pitt on Madoff and reforming regulation [The Deal]
$$$ AIG Said to Pay $450 Million to Retain Swaps Staff [Bloomberg]
$$$ Will Former Lehman CEO’s Sale of Mansion to Wife for $10 Actually Protect It From His Creditors? [TPB]
$$$ Calling all former Lehman Brothers and Sisters: A writer at GQ wants to talk to you (anonymously, if you’d like). Interested? Get in touch.

Comments (18)

  1. 1
    Posted by guest | January 27, 2009 at 5:09 PM

    Fisting!

  2. 2
    Posted by guest | January 27, 2009 at 5:16 PM

    AIG has some serious balls don’t they?

  3. 3
    Posted by guest | January 27, 2009 at 5:22 PM

    So how’s Fuld on the hook to creditors exactly? Recognizing his options aren’t worth much, I thought he was more or less losing other people’s money.

  4. 4
    Posted by Anal_yst | January 27, 2009 at 5:28 PM

    @2
    I’m supwised Bawny Fwank hasn’t weighed in on this yet, awen’t you?

  5. 5
    Posted by guest | January 27, 2009 at 5:33 PM

    @4 paying out big money to retain overpaid employees partially responsible for the meltdown while others are being let go. Hmmm it is obvioud AIG cut loose the Public Relations Department.

  6. 6
    Posted by guest | January 27, 2009 at 5:42 PM

    Yes we did!
    http://www.cnbc.com/id/28873174/site/14081545
    Interview with Vince:
    http://www.cnbc.com/id/28880253/site/14081545

  7. 7
    Posted by guest | January 27, 2009 at 5:44 PM

    @6
    ShamWow? CNBC viewers are morons.

  8. 8
    Posted by guest | January 27, 2009 at 6:05 PM

    AIG is putting its too big to fail right up the treasury with an extra finger.

  9. 9
    Posted by JorgeCad | January 27, 2009 at 6:10 PM

    Dick Fuld needs John Thain. They should get acquinted, before they go to jail. At least, as bunk-mates, they stand a marginal chance of not being F*….

  10. 10
    Posted by guest | January 27, 2009 at 6:21 PM

    TGFD heard that 95% of AIG’s business units were profitable; however, one unit with approx 100 people (out of 100k+ within AIG)was responsible for betting the entire company on a play that went seriously bad. You know, the one that lost all the money.
    Talk about gamblers. I guess AIG figures that those 100 clowns are the only ones who know how to get the money back. Maybe AIG hasn’t had enough. They fire the guy in the big chair, but keep the clowns so they can stay in the game. Unbelievable.
    The Guy from Delaware
    BTW, Some clown arsonist in the Phila suburb of Coatseville, PA has been burning the hell out of houses in his neighborhood lately…Over 20 since the start of ’09. He just burned down a string of 14 row houses over the weekend. They’ve declared a state of emergency there, and everyone in Coatesville is looking for him.
    I mention this because if TGFD knew who he is, I would direct him to Nantucket where use of his talents could get him national recognition. After all, Winklereid’s place needs torching.

  11. 11
    Posted by guest | January 27, 2009 at 6:31 PM

    ShamWow! is the come back kid. In five hours ShamWow! went from 42 percent of the total vote of 3,800 to 60 percent of the total vote of 7,300. As guest pointed out yesterday Foreman once again fell the rope-a-dope. Even Ali would be proud.
    Guest @6, thanks for the update.
    SPODE

  12. 12
    Posted by guest | January 27, 2009 at 6:32 PM

    Ahh DBL…. like a dead weed that scattered its plague seeds into the wind.

  13. 13
    Posted by guest | January 27, 2009 at 6:49 PM

    Guest@#6 & SPODE@#11…
    Question– Did Vince work at Bear Sterans before ShamWow!?
    The Guy from Delaware

  14. 14
    Posted by guest | January 27, 2009 at 6:51 PM

    WTF? TGFD doubled. First time. Sorry.
    The Guy from Delaware

  15. 15
    Posted by Anal_yst | January 27, 2009 at 7:08 PM

    @ TGFD
    Winkelreid would probably thank you if someone burned the house down, as its likely insured for far more than he bought it for (guaranteed) and most likely more than he could actually sell it for.
    Step 1: Engage brain…

  16. 16
    Posted by guest | January 27, 2009 at 8:04 PM

    I’ve got an offer to be a senior analyst at a BB bank in IB Prime Services — what kind of base salary offer should I expect?

  17. 17
    Posted by guest | January 27, 2009 at 8:37 PM

    @17
    you should just go to aig and work credit-default swaps: average bonus is $1,125,000.
    ibanking’s going to be tough right now, but as a SENIOR analyst: i’d say around $600,000. only because it’s a down market.

  18. 18
    Posted by guest | January 27, 2009 at 8:50 PM

    @18- you forgot to sin your post.
    S. ARCASM

Leave a comment

You can log in with your account or comment as a guest below.

   or