• 24 Feb 2009 at 5:48 PM

Write-Offs: 02.24.09

$$$ ‘Johns’ go to school, get charges dismissed [Charlotte Observer]
$$$ Latest calculator on nationalization [BV]
$$$ Grassroots: I am with Rick. [FW]
$$$ Checking in on Chuck Prince’s Golf Game [Cityfile]
$$$ Barney Frank Demands Immediate Repayment Of Northern Trust Boondoggle Money [zero hedge]

Comments (45)

  1. Posted by guest | February 24, 2009 at 5:52 PM

    Those golf scores tell me Chuck Prince is either an alcoholic or has downs

  2. Posted by guest | February 24, 2009 at 5:53 PM

    Vice President-Illusions
    Job ID #: CRN-Magic-AVP
    Location: NY-New York
    Functional Area: Illusions
    Company Name: AIG Casualty Company
    Employment Type: Not Permanent
    Education Preferred: Hogwarts Academy
    Experience Required: 10+ years
    Relocation Provided: To Switzerland post employment
    Position Description
    Assistant Vice President-Illusions
    Global Magic, a division of AIGI, has an exciting opportunity in their New York Region office location for an Assistant Vice President – Illusions.
    The AVP will be responsible for creating, growing and developing a profitable make believe book of business in the New York Region. The AVP will work with lame duck management in the NY Region’s Hogwarts Office in regarding new business (wink), account retention or government transition, marketing, and reproduction goals.
    Job responsibilities:
    Create RFP’s for TARP money
    Job Requirements:
    Candidate must have 10 successful years underwriting imaginary business and prior experience with New York City brokerage community. Previous staff management at Goldman Sachs or prior team leadership experience is preferred. Candidate must be self flatulated, computer literate, and possess good anal,organizational, and interpersonal and communication skills.
    Job Skills:
    Exceptional Oral Service
    Job Knowledge/Technical Expertise
    Teamwork/Interpersonal Skills
    Position Requirements
    TBD
    About AIG
    American International Group, Inc. (AIG) is the world’s leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG’s global businesses also include retirement services, financial services and asset management. AIG’s financial services businesses include aircraft leasing, financial products, trading and market making.
    AIG’s growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG’s common stock is listed in the U.S. on the New York Stock Exchange and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
    AIG is a poorly managed division of the United States Treasury Department.

  3. Posted by guest | February 24, 2009 at 5:57 PM

    The Frank letter has to be the funniest thing I’ve read all day.
    “We look forward to your reply and immediate reimbursement of these funds.
    Sincerely,
    Reps. Barney Frank, Carolyn Maloney, Brad Sherman, Dennis Moore, Wm Lacy Clay, Stephen F. Lynch, Brad Miller, Al Green, Gwen Moore, Paul W. Hodes, Keith Ellison, Charles Wilson, Bill Foster, Andre Carson, Mary Jo Kilroy, Steve Driehaus, Alan Grayson, Gary Peters”

  4. Posted by guest | February 24, 2009 at 6:04 PM

    Doesn’t Barney know that America has no idea who he is?
    http://www.youtube.com/watch?v=mm1KOBMg1Y8

  5. Posted by peWonderWoman | February 24, 2009 at 6:26 PM

    I’m with Rick—
    Friday night 7pm venue TBD— there are several NYC gatherings planned

  6. Posted by peWonderWoman | February 24, 2009 at 6:28 PM

    scratch that…
    Saturday 2pm in front of city hall. Please email nycteaparty@gmail.com for more information.

  7. Posted by guest | February 24, 2009 at 6:36 PM

    The Los Angeles location for Im with Rick needs to change to a better place like the Grove/3rd Street/Hwood-Universal

  8. Posted by guest | February 24, 2009 at 6:40 PM

    Barney is such an idiot. Ex post indignation. It’s not like the golf tournament was a secret – Mickelson managed to find out about it even before it started last Thursday. And what about the jobs created by this spending? You needed busboys to set out steak knives, roadies to load in Chicago’s amps, course marshals at the golf tournament, and David Feherty. That’s responsible spending.

  9. Posted by guest | February 24, 2009 at 6:56 PM

    The second co-signor of Mumbling Barney’s letter represents the Upper East Side in the hallowed halls — which includes TIF. If NYC loses banks and luxury good stores, what’s left for the economy?

  10. Posted by guest | February 24, 2009 at 7:00 PM

    Hookers, Fuck Yeah!
    Nationalization, Fuck Yeah!
    Santelli, Fuck Yeah!
    Chuck Prince, Fuck Yeah!
    Northern Trust, Fuck Yeah!
    Fuck Yeah!

  11. Posted by guest | February 24, 2009 at 7:12 PM

    Wait, the market went up when Uncle Benny spoke? Is his losing streak over?

  12. Posted by guest | February 24, 2009 at 7:19 PM

    NT’s menu looks positively New Jersey wedding: salmon and steak, a pasta, and a bunch of mediocre vegetable dishes.
    Barney should congratulate them on being frugal.

  13. Posted by guest | February 24, 2009 at 7:42 PM

    whatever happened to the ShamWow and Snuggie fuckers?

  14. Posted by guest | February 24, 2009 at 8:01 PM

    There’s a good chance Rick says a big ole FU to Barney Frank and returns the TARP money…NT made $630M last year, and didn’t want to take it in the first place. Hopefully other banks follow and we can all start doing our jobs again.

  15. Posted by guest | February 24, 2009 at 8:01 PM

    @13- This cruel recession knows no limits. Nobody is safe around here.

  16. Posted by guest | February 24, 2009 at 8:24 PM

    Who is this Barney dude you all are ranting about? The big purple smurf-type thing on Sesame Street?

  17. Posted by guest | February 24, 2009 at 8:24 PM

    shaaaaaaaaaaaaaaaaaaaaaaaaaaammmWOW

  18. Posted by merkin capital partners | February 24, 2009 at 8:32 PM

    ill chime in with the requisite MAYO.
    not sure if that was the substance on barney’s chin.

  19. Posted by guest | February 24, 2009 at 9:03 PM

    O/T: Good for New York!: “And so, at the close of the rather distant and disappointing tenure of Cardinal Edward Egan, New York finally gets an Archbishop who might be called the “worthy successor” to the Mighty John Joseph O’Connor one Timothy Michael Dolan of Milwaukee” http://tinyurl.com/ckxgjp

  20. Posted by guest | February 24, 2009 at 9:19 PM

    Didn’t know it was socially appropriate to be sleeveless during a Presidential State of the Union address… One would think a suit would be appropriate.

  21. Posted by guest | February 24, 2009 at 9:31 PM

    Transparency at its finest. A series of circles. And they should have just gone ahead and labeled the ‘other’ circle ‘earmarks.’
    http://www.recovery.gov/?q=content/investments

  22. Posted by Joseph di Jersey City | February 24, 2009 at 10:20 PM

    re John School: Nice to know that a blowjob is considered a “crime against nature” in good ole Charlotte. Also, $1,000?! Seems like there are less nearshore savings in prostitution vs. NYC than there is in banking.

  23. Posted by guest | February 24, 2009 at 10:35 PM

    Was Nancy wearing a fertilizer sack? Seriously, she was jsut in Italy, she couldn’t buy a current trendy outfit for tonight? She had to wear her “fat dress” cause her week in Italy seems to be showing on her hips.

  24. Posted by guest | February 24, 2009 at 10:44 PM

    chit, Bret Baier on Fox just asked David Axelrod “so the nationalization of some banks is not off the table.” Now the answer to that was not the answer as conculuded as it was that axelrod gave. He should have said “no we aren’t nationalizing banks” but he didn’t, he left it open.”

  25. Posted by guest | February 24, 2009 at 10:50 PM

    I’m with Rick NYC? Details?

  26. Posted by guest | February 24, 2009 at 10:52 PM

    @25- first time on the interwebs? try clicking the link.

  27. Posted by guest | February 24, 2009 at 10:54 PM

    @23 that sure was some schmata Nancy was wearing tonight.

  28. Posted by guest | February 24, 2009 at 11:22 PM

    EP, thoughts on the address to Congress tonight? Peace Babes.
    Tanning as usual,
    Tanned Banker

  29. Posted by HAM05 | February 24, 2009 at 11:40 PM

    will the nyc tea party resemble the below? please?
    http://www.youtube.com/watch?v=PTU2He2BIc0

  30. Posted by guest | February 24, 2009 at 11:43 PM

    Messiah, Fuck Yeah!
    Nancy, Fuck Yeah!
    Recession, Fuck Yeah!
    Shamwow!, Fuck Yeah!
    Fuck Yeah!

  31. Posted by guest | February 24, 2009 at 11:47 PM

    @10 and 30 – Team America always in good taste. Freedom does cost $1.05.

  32. Posted by guest | February 24, 2009 at 11:57 PM

    @31- Fuck Yeah!

  33. Posted by guest | February 25, 2009 at 12:06 AM

    Really silly question here, but perhaps the grand wizards could clarify something for me:
    Why is it popular to bemoan the plight of homeowners whose equity has declined due to no fault of their own, while no one has a problem saying that C shareholders should get screwed in a nationalization?
    Before you answer, the trick here is to distinguish between the two.
    Thanks much in advance, bunch.
    -JO Legal

  34. Posted by guest | February 25, 2009 at 12:10 AM

    re tea party NYC, be sure to bring your worthless derivative securities for dumping. C stock certificates are also fine.

  35. Posted by guest | February 25, 2009 at 12:13 AM

    This behavior demonstrates extraordinary levels of irresponsibility and arrogance.

  36. Posted by guest | February 25, 2009 at 12:24 AM

    #33. that’s easy, the “investing class” probably voted republican.

  37. Posted by guest | February 25, 2009 at 12:37 AM

    @36, obviously that’s the assumption politicians have made, but I have to wonder if that is the reality. Maybe it’s naive to think that pension funds/mutual funds/institutional investors continue to hold C stock, but it should be clear that many “innocent” (read: democrat) investors have or had an equity interest in C (albeit indirectly) that is worth a lot less than they paid for it.

  38. Posted by guest | February 25, 2009 at 1:50 AM

    What about the original tea party set for Chicago? What are those details, anybody heard.
    I’m not sure if you guys have seen this photo of bernanke, paulson, chris cox and chris dodd, but it’s fucking hilarious.
    http://bit.ly/lCFHa
    Mmm, catfish says cox.

  39. Posted by StupidEquityGuy | February 25, 2009 at 1:59 AM

    Total Gov DEBT on Inauguration Day, 20 JAN 2001: 5,706,174,969,873.86
    Total Gov DEBT on Inauguration Day 20 JAN 2009: 10,626,877,048,913.08

  40. Posted by guest | February 25, 2009 at 2:18 AM

    So much for the Rick Santelli led revolt.
    http://mediamatters.org/countyfair/200902240009?show=1

  41. Posted by trojan | February 25, 2009 at 3:48 AM
  42. Posted by guest | February 25, 2009 at 9:10 AM

    $1000 for an hour for a hoooker is into ‘porn star’ pricing – Sarah Blake, et. al. He’s getting ripped off…

  43. Posted by guest | February 25, 2009 at 9:48 AM

    Since it’s rarely been above freezing in NYC during January and no golf courses in NY are open, does it really make sense is playing golf in the area? Hey, no need to let the facts get in the way of a good story.

  44. Posted by guest | February 25, 2009 at 11:08 AM

    About this ‘revolt’:
    Where was this rightous indignation from CNBC, a majority of those on Wallstreet and those posting here when the bailout was for the banks and borkerage houses?
    I recall all sorts of sky is falling, this has to be done yesterday, ‘what about the children’ type rants….ah the smell of hypocricy in the air. Maybe instead of a tea party it should be a bottle service or Starbucks latte party.

  45. Posted by KevinB | February 25, 2009 at 11:34 AM

    @2 – Inspired, thank you.
    @16 – Yes, he’s the big purple dude, and after years of singing “I love you, you love me”, he recently left his boyfriend.

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