• 24 Mar 2009 at 5:25 PM

Write-Offs: 03.24.09

By Bess Levin

$$$“President Barack Obama plans to meet with about a dozen of the U.S.’s top banking chiefs in an unusual gathering designed to discuss the administration’s plans to shore up the financial sector.
Attendees are expected to include Goldman Sachs, J.P. Morgan Chase and Citigroup. The meeting comes as relations between Washington and Wall Street are frayed following last week’s furor over bonuses paid to American International Group employees.” [WSJ]
$$$ The leading candidate to run the Treasury’s $700 billion bailout program has withdrawn his name from consideration. [WSJ]
$$$ Meredith Whitney: Regional Banks Are the Future [Economics Blog]
$$$ Successful bank rescue still far away [FT]
$$$ Wall Streeters Flocking to Rehab [Cityfile]
$$$ The gentleman requires a bailout [Foggy Monocle]

Comments (22)

  1. 1
    Posted by Investorcluzo | March 24, 2009 at 5:30 PM

    don’t tell maxine that goldman was in invited, she might call the big O to testify about the conspiracy…

  2. 2
    Posted by guest | March 24, 2009 at 5:30 PM

    Obama + Geithner = New Boss
    Bush + Paulson = Old Boss
    “Meet the new boss, same as the old boss…”

  3. 3
    Posted by guest | March 24, 2009 at 5:34 PM

    Brosens – another Goldman Alum.
    Oh, Maxine!

  4. 4
    Posted by guest | March 24, 2009 at 5:38 PM

    Brosens was pressured out because too much Goldman is just, well…just too much.

  5. 5
    Posted by guest | March 24, 2009 at 6:11 PM

    Private Swiss banks are the future
    Not for the yanks though

  6. 6
    Posted by guest | March 24, 2009 at 6:13 PM

    How many have withdrawn their names? Why doesn’t anyone want to work at Treasury?

  7. 7
    Posted by guest | March 24, 2009 at 6:40 PM

    Obama should host the CEOs in the First Lavatory and talk them while he strumps a dump. It worked for LBJ!

  8. 8
    Posted by guest | March 24, 2009 at 6:41 PM

    WASHINGTON (Reuters) – With many U.S. newspapers struggling to survive, a Democratic senator on Tuesday introduced a bill to help them by allowing newspaper companies to restructure as nonprofits with a variety of tax breaks.”http://tinyurl.com/deubhy

  9. 9
    Posted by Anal_yst | March 24, 2009 at 6:44 PM

    @7
    Brilliant! A game of Battlesh!ts is quite the sporting event these chaps need to work out their differences.

  10. 10
    Posted by guest | March 24, 2009 at 6:54 PM

    TGFD wonders if I can get some mileage with Geithner over my “Financial Resurrection Plan”.
    Since he’s having difficulty, maybe he’ll bring in TGFD and place me in a senior Treasury position like the one Douche Brosens was to get.
    Maybe I could then work some magic with my “8-Points”.
    Who knows? With TGFD and “the Plan”, we might just spring this moribund economy right into new life and freshness.
    Why not? Nothing else is working, and Goldman Sachs sure as hell isn’t going to fix anything.
    The Guy from Delaware

  11. 11
    Posted by guest | March 24, 2009 at 7:00 PM

    who the fuck thinks that foggy monocle shit is funny? who would read more than 9 words of that
    surely not bess…
    lame

  12. 12
    Posted by guest | March 24, 2009 at 7:02 PM

    Kudlow just announced that he will have a special announcement in a few.

  13. 13
    Posted by Anal_yst | March 24, 2009 at 7:27 PM

    @11
    I thought it was amusing, perhaps you’ve never been unemployed or strapped for cash at any point in your life you do not? Or is it the other way around and it hit a bit too close to home?

  14. 14
    Posted by guest | March 24, 2009 at 8:04 PM

    I’d like to have sloppy sex with Meredith Whitney! Throw in a body slam or too and I’d be all set.
    Yeehaw!

  15. 15
    Posted by guest | March 24, 2009 at 9:35 PM

    nuke Cassano
    http://www.rollingstone.com/politics/story/26793903/the_big_takeover

  16. 16
    Posted by guest | March 24, 2009 at 9:35 PM

    nuke Cassano
    http://www.rollingstone.com/politics/story/26793903/the_big_takeover

  17. 17
    Posted by guest | March 24, 2009 at 9:46 PM

    http://www.timesonline.co.uk/tol/news/politics/article5971296.ece

  18. 18
    Posted by guest | March 24, 2009 at 11:25 PM

    If regional banks are the future then we’re all fucked.

  19. 19
    Posted by guest | March 25, 2009 at 12:01 AM

    “How ironic is this? A national Democratic campaign committee is holding on to donations tainted by the second-biggest known Ponzi scheme of the modern era (behind only Social Security), while Democratic members of Congress are bouncing off the walls in an effort to recoup bonuses paid to AIG executives that were not only legal, but that were legal only because Democrats voted to make them so, in the face of united Republican opposition.
    Seriously — you can’t make this stuff up.”http://tinyurl.com/fugqb

  20. 20
    Posted by guest | March 25, 2009 at 12:15 AM

    “What Goldman giveth, Goldman also taketh away. While little is known about where the AIG bailout money went, we do know that Goldman Sachs received $12.9 billion of it. As one Wall Street insider recently observed to The Examiner: “This is an investment bank that earned more than $12 billion and paid its CEO $68 million in 2007. Even in 2008, this self-proclaimed home to the ‘Masters of the Universe’ paid out more than $10 billion in compensation and received its own $10 billion in taxpayer funding.” Congress ought to stop swatting at AIG bonus gnats and take on the real masters of the bailouts.”
    http://www.reason.com/blog

  21. 21
    Posted by Lowly Assistant | March 25, 2009 at 1:04 AM

    Agree with Anal. The Foggy Monocle is top notch.
    I think I read an article which said they’re both out of work right now. The very best of luck to them both. Very talented guys.

  22. 22
    Posted by guest | March 25, 2009 at 8:18 AM

    @20
    calling it a conspiracy theory doesn’t mean it isn’t true

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