July 2009

  • News

    Write-Offs: 07.31.09

    $$$ U.S. House Passes Bill Allowing Ban on Incentive Pay [Bloomberg] $$$ Andres Piedrahita denies responsibility in Madoff fraud [CR via clusterstock] $$$ Hiring: Goldman Sachs, Fifth Third, Wells Fargo [The Deal] $$$ Job of the Week: UBS Needs an associate director of investment banking. You. [DB Career Center] $$$ We have not heard a […]

    / Jul 31, 2009 at 4:55 PM
  • News

    Matt Taibbi Has A Reminder For People At His Favorite Firm

    When asked today about whether GS acutally had better people which helped them avoid a Lehman-like end, Taibbi spelled it out in crystal clear terms by saying,”they’re not smarter than other people” and then launched into his government consipracy theory to explain the firm’s profitability. If you’ve got half an hour to kill, you can […]

    / Jul 31, 2009 at 3:59 PM
  • News

    Richard Perry Will Burn Your Eyes Out With His Bling

    At left is the sculpture Richard Perry and his wife, man-purse designer Lisa had installed on their terrace at 1 Sutton Place South in 2007. Nobody had much of a problem with the piece– a Jeff Koons, worth a few million or so– back then but lately the garish display has started to stick in […]

    / Jul 31, 2009 at 3:42 PM
  • News

    Now You Bitches Have Done It. You’ve Messed With Ken Griffin

    The ass-bleeding stops and every wants a piece of his shit. To: DealBreaker From: [redacted at Citadel] Subject: not cool Also there’s no Chris Theoharis at Citadel. Dude’s not listed in our directory. They should check IDs at that fucking FMF party. Earlier: Real Goldman Sachs Employees Demand Accountability At Fashion Meets Finance

    / Jul 31, 2009 at 1:37 PM
  • News

    Leading Economic Indicator Supports Recent Rally

    Add this to the list of green shoots. With unemployment flirting with 10%, the degree of lying about academic credentials on resumes has remained in line with prior years according to an executive search firm run by Jude Werra that produces a Liars Index twice a year. According to the index, approximately 16% of job […]

    / Jul 31, 2009 at 1:27 PM
  • News

    Chris Dodd Is Not Well

    The Senator has “been diagnosed with early-stage prostate cancer.” Dodd, who will be operated on soon, told reporters that he has no plans to quit his job and that he feels fine (and, as a warning, noted that one out of every six men you know will be afflicted with a similar condition, so watch […]

    / Jul 31, 2009 at 12:27 PM
  • News

    Somebody Downtown Has A Present For The Guys At Goldman

    In case anybody at GS is having a rough Friday, there is a concerned individual on Craigslist who wants to help you out. Hi. I am a receptionist in the Financial District and I totally suck at pool (happy Courtney?). LOL. But let it be known that I am a girl who pays her debts […]

    / Jul 31, 2009 at 11:17 AM
  • News

    Goldman Becoming Bored Exploiting Current Regulation

    With the scrutiny on high frequency trading increasing every moment Chuck Schumer is awake, the head of electronic trading at GS, Greg Tusar, is calling out regulators to bring it on. “The reality is our inter-market routing has become highly technical and highly complex and it’s not a bad idea to step back and take […]

    / Jul 31, 2009 at 10:24 AM
  • News

    Caption Contest Friday: Anyone Missing An Intern?

    The photographer writes: “I just took this ten minutes ago as I was about to walk into my office…I think it came out pretty well but that’s a kid 100% passed out/maybe dead, on the bull, in his briefs. Two news reporters were just pulling up when I snapped this.” In all seriousness: WTF? If […]

    / Jul 31, 2009 at 10:03 AM
  • News

    Real Goldman Sachs Employees Demand Accountability At Fashion Meets Finance

    By now it’s been pretty well established that the RSVP list to this year’s meet up of the worst people on earth is riddled with lies. We assumed everyone would be over it by now, but no– a lot of you are beside yourselves, this idea that people might be fucking with you (“They’re trying […]

    / Jul 31, 2009 at 9:45 AM
  • Opening Bell

    Opening Bell: 07.31.09

    Regulators Are Getting Tougher On Banks (WSJ) The Federal Reserve and the Office of the Comptroller of the Currency have issued more “memorandums of understanding” than in the past, telling banks to do stuff like suck less, which the “targets” think is way harsh. “It’s frustrating and aggravating,” said Pat Sheaffer, chairman and chief executive […]

    / Jul 31, 2009 at 8:10 AM
  • News

    Write-Offs: 07.30.09

    $$$ Matt Goldstein: Wall Street meets The Matrix [Reuters via ZH] $$$ Liz Peek, wife of CIT CEO Jeff, is pro-bonuses. [HuffPo] $$$ Sickness scare at Bank of America office, strong perfume the culprit [TMT] $$$ Merrill Lynch Paid More Than $3 Billion Bonuses After Suffering $27 Billion In Losses [clusterstock] $$$ Sheila Bair shot […]

    / Jul 30, 2009 at 6:15 PM
  • News

    More Goldman Smack Talk

    Nomi Prins, a former MD from that boutique firm headquartered at 85 Broad St. added another line item to Mad Max’s ‘they will so pay for this’ list. When asked about whether GS knew what they were really doing when pumping out billion after billion of MBS, the ex-Goldmanite replied that they certainly did and […]

    / Jul 30, 2009 at 5:32 PM
  • News

    California Woman Helps Out Budget Woes By Suing State

    Losing patience with California’s 4-6 week processing time for her IOUs, Nancy Baird is carrying on the time-honored American tradition of the frivolous lawsuit and suing the state. The embroidery and printing business owner contends that if she doesn’t get her $27k in greenbacks for some polo shirts and uniforms she supplied to a state-run […]

    / Jul 30, 2009 at 4:49 PM
  • News

    Would You Pay Anything For Trader Monthly?

    Bankrupt Doubledown Media, the former publisher of Trader Monthly magazine, is up for auction August 20th. Yes, auction, because apparently some people think it’s actually worth something– court documents state the bidding starts at $50,000. The real question is…what the hell is anyone buying? A brand name magazine title that epitomized the “greed is good” […]

    / Jul 30, 2009 at 4:08 PM
  • News

    Bonus Brigade Is Having An Impact

    To borrow one of Mad Max’s recent favorite sayings, the chickens are coming home to roost in the State of New York. As the collected works of Ken Feinberg, Andrew Cuomo and the angry mob of legislators without anything better to do continue to clamp down on bonuses, the state coffers are starting to look […]

    / Jul 30, 2009 at 3:06 PM
  • News

    Fashion Meets Finance: The Hits Just Keep On Coming

    Oh hell no. To: DealBreaker From: [redacted at JPMorgan] Subject: More FMF identity theft I scanned the Fashion Meets Finance RVSP list for Dimonites and looked them up in the JPM phonebook (yeah, I have nothing to do). Anyway, many people are wildly overstating their positions and salaries. For example, [redacted] is not an investment […]

    / Jul 30, 2009 at 2:54 PM
  • News

    Fashion Meets Finance Participants May Not Be Who They Say They Are

    This is a little warning to those of you who took a gander at the RVSP list for next week’s event celebrating the supposed end of the recession and decided, “I like what I see.” You’re probably being taken for a ride. From a very breathless mailbag: Hello, I noticed that you covered the last […]

    / Jul 30, 2009 at 2:23 PM
  • News

    It’s Just In Chris Dodd’s Blood

    If it turns out Chris Dodd did jump the velvet rope at Countrywide with Kent Conrad, it might be a case of genetics in action. Former radio host Tom Scott, who coincidentally lost his job shortly after grilling Dodd last fall on whether A-Moz had something special for the good senator, says Dodd’s father, former […]

    / Jul 30, 2009 at 1:08 PM
  • News

    Andrew Cuomo Has Some Numbers To Throw Out

    The Attorney General does so in a new book report entitled “No Rhyme Or Reason: The ‘Heads I Win, Tails You Lose’ Bank Bonus Culture,” which he and his team have been slaving away at for months. I think I’m picking up what he’s throwing down here, but it’s hard to say for sure.

    / Jul 30, 2009 at 12:51 PM
  • News

    A New Era Of Transparency On CNBC

    Larry Kudlow’s “trouble” with coke finally referenced (“I quit drinking and doing some other things to help America”). We are not being insensitive to substance abuse problems, etc, when we say, how much better would CNBC be if we could get at least an hour of stories from the vault each day? Call it “Tales […]

    / Jul 30, 2009 at 12:07 PM
  • News

    CFTC Speculates It Finally Has The Data It Needs To Prove Its Case

    As the CFTC gets ready to issue a report next month to finalize the flip-flopping on their position on who and what was responsible for the massive swings in oil prices last year, the FSA will conduct its own meeting next week of oil market participants as it continues to maintain that economic uncertainty was […]

    / Jul 30, 2009 at 11:50 AM
  • News

    Noted Economists Declare Recession Over

    Speaking of dying in an electrical fire, the third “Fashion Meets Finance” event is coming up. This one, thrown in celebration of the recession supposedly being over, is taking place at Nikki Beach on August 6th. For those who buried the memory of just what this gathering entails, FMF is based on the idea that […]

    / Jul 30, 2009 at 11:24 AM
  • News

    Bunch Of Goldman Sachs Employees In Possible Danger

    Actually it could be anyone who works downtown but we only care about the safety of the Masters. There are IMs from 15 year-olds going unanswered as we type. Live electrical wires are stalling a 5 subway train at the Wall Street station in the heart of Manhattan’s Financial District. No injuries have been reported. […]

    / Jul 30, 2009 at 10:40 AM
  • News

    Who Wants A Yacht? Would Throwing In A Noel Girl Or Two Seal The Deal?

    So that story about Andrés Piedrahita, husband of Corina, son-in-law of Walter, and Fairfield Greenwich exec recently buying a $22 million boat and “cruising the Adriatic” with his wife and friends, appearing to not have a care in the world, while ripped off FFG investors get a crash course in dumpster diving? You got it […]

    / Jul 30, 2009 at 10:27 AM
  • News

    The Concrete Slab Is Back In Play

    T. Boone’s favorite piece of concrete was on the move again. The well-traveled section of driveway is back at its place of origin, Holdenville, OK as the fight for TBP’s signature heats up and is heading to the courts. On the one hand, the house’s current owner David McCart contends its his because the driveway […]

    / Jul 30, 2009 at 9:50 AM
  • News

    Robert Shiller, Westchester-Area Realtor Rub Tim Geithner’s Nose In It

    The Daily Show With Jon Stewart Mon – Thurs 11p / 10c

    / Jul 30, 2009 at 9:36 AM
  • Opening Bell

    Opening Bell: 07.30.09

    Senate Probes Banks For Meltdown Fraud (WSJ) Among others, Goldman Sachs and Deutsche Bank have been subpoenaed to see if bankers “had private doubts about whether mortgage-related securities they were putting together were as financially sound as their public pronouncements suggested.” What do we think the answer is to that one, gang? Tax Evaders Flock […]

    / Jul 30, 2009 at 8:15 AM

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