Opening Bell: 06.30.09

By Dealbreaker

Dimon Still Polishing JPMorgan Pay Packages (NYP)
1. Nothing to write home about here– same raising of base pay everyone else is doing. 2. Bless the headline writers at the Post. Someone came to work today.
10 more could be charged in Madoff scam (AP)
No names specified but surely you can come up with some.
UBS Selling Park Avenue Stake (NYP)
“This could be the one that pries open the market again. After the peanuts paid for 1540 Broadway and the fact that Deutsche Bank doesn’t seem able or willing to unload Worldwide Plaza, a decent number for a big piece of 299 Park would help restore a sense of value.”

AIG Discloses New Risk on Derivatives Sold to European Banks (Bloomberg)
An FYI out of the insurer yesterday “that valuation declines on credit-default swaps sold to European banks could have a “material adverse effect” on the company’s results.”
Putin Urges Russian Banks To Boost Lending (Globe And Mail)
And suggested no vacations for Russkie CEOs ’til it gets done.
Swiss Bank Shuns Americans As US Compels Disclosure (Bloomberg)
UBS, Credit Suisse, etc have told American clients to move their money into “specially created units registered in the U.S., or lose their accounts,” hopefully just ’til this whole IRS situation blows over.
Ivy League Endowments Finally ‘Dumb’ (WSJ)
“A lesson from this crisis is that following what the larger guys have done is not necessarily road map to success,” says Daniel Jick, head of HighVista Strategies, a Boston-based firm that manages endowment money for small schools. Harvard, Yale, Stanford, Princeton, and MIT all getting ready for declines of 25% to 30% for the fiscal year.
A Little Recognition For The Buse’s Big Day (MelissaCNBC)
If Kudlow were on Twitter he’d do the same.

Comments (22)

  1. 1
    Posted by guest | June 30, 2009 at 7:48 AM

    UBS double sucks.

  2. 2
    Posted by guest | June 30, 2009 at 7:55 AM

    first line of Post story: “JPMorgan Chase boss Jamie Dimon is considering jacking up base salaries for his investment bankers”

  3. 3
    Posted by guest | June 30, 2009 at 7:56 AM

    is the nyp trying to tell us Dimon is gay?

  4. 4
    Posted by guest | June 30, 2009 at 7:56 AM

    Becky’s boobs look uge this morning.

  5. 5
    Posted by guest | June 30, 2009 at 7:57 AM

    So when are UBSuck and CS going to cease business in the US? Sounds like the death knell to me.
    – Snake Plissken

  6. 6
    Posted by guest | June 30, 2009 at 8:02 AM

    #4 I totally agree! wow wa wee wa!!!

  7. 7
    Posted by guest | June 30, 2009 at 8:16 AM

    My dick is huge this morning!

  8. 8
    Posted by guest | June 30, 2009 at 8:21 AM

    @7 jamie, sign your comments you trolling bastard.

  9. 9
    Posted by guest | June 30, 2009 at 8:29 AM

    @8 – watch this.
    http://www.youtube.com/watch?v=Muj26g3eugU
    J. Dimon

  10. 10
    Posted by guest | June 30, 2009 at 8:33 AM

    @4 @6 feeling the competition from Amanda Drury’s tits

  11. 11
    Posted by guest | June 30, 2009 at 8:49 AM

    the first comment on that post article is absolute comedy gold.

  12. 12
    Posted by merkin capital partners | June 30, 2009 at 8:53 AM

    @11 if only he had said “gold cars” instead fast cars.

  13. 13
    Posted by guest | June 30, 2009 at 8:54 AM

    Have any other numbers come out besides citi?

  14. 14
    Posted by guest | June 30, 2009 at 8:55 AM

    Have any other numbers come out besides citi?

  15. 15
    Posted by guest | June 30, 2009 at 8:56 AM

    Melissa’s eyes = scary/creepy.

  16. 16
    Posted by guest | June 30, 2009 at 9:02 AM

    So how exactly is my swiss bank going to send me this letter? Mine holds all corrspondence at the bank, so I guess I’ll see this letter the next time I waltz down the Paradeplatz.
    My RM has my hushmail address, but I expect him not to contact me except in the event of nuclear war.

  17. 17
    Posted by guest | June 30, 2009 at 9:05 AM

    are we taking a day off here? step it up, its 9:05am already

  18. 18
    Posted by guest | June 30, 2009 at 9:12 AM

    @17 are you taking the day off from sucking dick? obviously not.

  19. 19
    Posted by guest | June 30, 2009 at 9:12 AM

    17 get back to work then

  20. 20
    Posted by guest | June 30, 2009 at 9:52 AM

    @4 yeah totally

  21. 21
    Posted by guest | June 30, 2009 at 11:25 AM

    GREG posted this

  22. 22
    Posted by guest | June 30, 2009 at 12:46 PM

    @15 agreed she has demon eyes in that picture

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