• 03 Jun 2009 at 6:00 PM

Write-Offs: 06.03.09

By Equity Private

$$$ Greenspan: Big bailouts biggest threat to U.S. economic future [The Hill]
$$$ Paulson & Co. ditches losing Barclays short [MarketWatch]
$$$ “In year of unprecedened market downturn, [Harvard] seniors flee finance and consulting for education and health.” [Crimson]
$$$ Ladenburg Thalmann finally replaces Bové [The Deal]
$$$ Mr. Fields is chief executive of Juridica Capital Management. which runs a fund that invests in one side of a lawsuit in exchange for a share of any winnings.
“It’s always a good time to invest in litigation,” Mr. Fields said, though he added that the weak economy helped. [NYT]
$$$ Citigroup Seeks Authorization for 60 Billion Shares [Bloomberg]

Comments (19)

  1. 1
    Posted by guest | June 3, 2009 at 6:15 PM

    Really 60 billion shares? Will they hand out common stock at every interesection in New Delhi?

  2. 2
    Posted by guest | June 3, 2009 at 6:20 PM

    Thanks for the Paulson article. You can never have enough Paulson.

  3. 3
    Posted by guest | June 3, 2009 at 6:56 PM

    How come nobody’s writing about amazing grace from banker to stripper?

  4. 4
    Posted by guest | June 3, 2009 at 6:59 PM

    well from fixed income sls desk to dancer. Am I behind?

  5. 5
    Posted by guest | June 3, 2009 at 7:02 PM

    Buy side vs Sell side
    Prestige thy name is?
    /discus

  6. 6
    Posted by wcburrs87 | June 3, 2009 at 7:15 PM

    @3 – they have. It’s fake.
    And can someone help me with my math here? What is 60,000,000,000 shares X $0.00 a share? Thanks.

  7. 7
    Posted by guest | June 3, 2009 at 7:21 PM

    @6 link please?

  8. 8
    Posted by guest | June 3, 2009 at 7:23 PM

    @5 – Sell side, obviously.
    Porker Stansberry

  9. 9
    Posted by guest | June 3, 2009 at 8:15 PM

    All those Harvard seniors can get their PhDs in Child Ed from University of Phoenix online and earn $300-$400k as public school district superintendents, plus benefits and a real nice pension.
    Add a little consulting with the book vendors and other people jus’ doin’ it for the children and you have a $500k job that offers tremendous job security and which is nearly impossible to be fired from. Nepotism runs rampant so if Cousin Clarence has never quite cut it in the private sector, you can always employ him as a “Senior Curriculum Advisor” and bam, he gets $70k per year and he’s finally out of your guest bedroom.
    And foreigners wonder why our public schools suck …

  10. 10
    Posted by guest | June 3, 2009 at 9:20 PM

    @9
    You sound like trailer trash.

  11. 11
    Posted by guest | June 3, 2009 at 9:31 PM

    Blue balls and all that carpal tunnel from jacking off. Better to go to Gator State U., have some fun, and later parlay that into a career deep frying squirrels at the Fair.
    -Marty Fitch, purveyor of Fitch’s Squirrel on a Stick
    1-800-SKA-WURL

  12. 12
    Posted by guest | June 3, 2009 at 9:42 PM

    @11, 9 here.
    Oooo, and did I hit a nerve there?! Why, are you or someone you love involved in the cesspool of public education?
    Thanks for playing, but no, there’s no trailer trash from where I come from.
    And you?

  13. 13
    Posted by guest | June 3, 2009 at 9:43 PM

    11 – so do you. be careful of twisters.

  14. 14
    Posted by guest | June 3, 2009 at 10:34 PM

    Hi team,
    I know I’ve taken quite a bit of heat on these boards since February, and understandably so. With tax season and all, it’s been mighty hard attending to my numerous duties in the Fed.
    To make it up to ya, however, my dawgs at the FBI hacked into DB’s tracking system, and comment 11 was that fat, Polish bull-dyke Robin Nichinsky, from the Mamaroneck School District.
    Well, I hope that makes us even stevens. Got to go bake some cookies for Keebler. Those pecan sandies don’t cook themselves.
    God bless and good night,
    Tim “No, It’s Not Cholera” Geithner

  15. 15
    Posted by guest | June 3, 2009 at 11:37 PM

    @15
    Tim,
    You do sound like trailer trash.
    Hugs and kisses,
    Robin Nichinsky
    Member of the BOE
    Mamaroneck Union Free School District
    PS. Note that Union Free is part of our District’s name, something you should know. Good luck with those amended returns. (Just kidding.)

  16. 16
    Posted by guest | June 4, 2009 at 12:25 AM

    Fuck, I’m so sorry Robin. Just trying to get the troops “on my side” is all. You know, politics.
    For the record, I really like Polish people, and think you’re hot (don’t tell your numero uno bro-master…).
    Anyways, Carole will meet you on the platform for the 7:13 train. Just…be…cool. This shit didn’t happen.
    Best regards,
    Tim
    P.S. thanks for the good luck re: the returns.

  17. 17
    Posted by guest | June 4, 2009 at 8:44 AM

    methinks 15-16-17 is all the same person. and they’re def trailer trash.

  18. 18
    Posted by guest | June 4, 2009 at 10:05 AM

    @18.
    Include #13 in there as well. That guy is crazy.

  19. 19
    Posted by guest | June 4, 2009 at 2:10 PM

    @19- No, not crazy. “That guy” simply had the pleasure of testifying under oath against a Supe That Guy blew the whistle on, back after college when That Guy believed in the hope n’change Teach for America in the ‘hood crap.
    The fraud and waste is more common than many would expect, from the inner city to the rich burbs, and there’s little or no oversight over millions of dollars, particularly in poor districts.
    Rich parents don’t give a shit so they shell out 35k per year for private or hire a tutor from Kaplan. Good for them.
    Pity the poor mother in DC or South Central who is stuck in a shitty district with corrupt administrators, incompetent or weary teachers, who can’t provide her child with a way out.
    This inequality is at the root of more of our problems today than many of you saner folks might think.
    Sincerely,
    That Crazy “Guy”

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