White House Ponders Bernanke’s Future (WSJ)
“Treasury Secretary Timothy Geithner is expected to play a key role in advising President Barack Obama on whether to reappoint Mr. Bernanke…Before making a decision later this year, the White House also is expected to look at other economists, including Roger Ferguson and Alan Blinder, former Fed vice chairmen; Janet Yellen, president of the San Francisco Federal Reserve Bank; and Christina Romer, chairman of Mr. Obama’s Council of Economic Advisers.”
Exit Package For Wagoner In The Works (WSJ)
It’ll probably be around $20 million, though nothing’s been decided yet given the “delicate” nature of the situation.
AIG In Talks With MetLife Over Alico (FT)
Which would mean $15 billion down, $15 kajillion to go in terms of paying back the government.
Bern To Block UBS Transfer Record To US (FT)
The Swiss will sooner eat the documents than let the US get its mitts on them.
Buffett Lunch Auction Won By Canadian Firm (NYT)
Salida Capital Corp, whose multi-strategy fund was down 66.5 percent last year (but up 83.4 percent YTD) will pay $1,680,300 to dine with the Oracle of O.
Lehman Pays Its Bankruptcy Advisors $262.2 Million (Bloomberg)
For 9 months of work, which majorly chaps Dick Fuld’s hide.
Does Felix Salmon have criminal tendencies? (Reuters)
Felix Salmon would like to know. Not a rhetorical question
Comments (42)
Leave a comment
You can log in with your account or comment as a guest below.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
christina romer? yikes.
UBS sucks.
@1 sucks for not making this message the first of the day.
Does anyone else think of softly and sensuously fingering the flight attendant from the Qatar Air commercial then eating that delicious mushroom filled puff pastry after youre done?
Down 66.5% last year and up 83.4% this year- why’t that an average of up 8.5%! Not bad – can I get the sub docs?
@3 you’ll be beheaded before you finish savoring the pastry.
Just Sayin’
@3 no but whatever buffett is eating looks delicious.
Romer will eat Bernanke to get the job.
“The identity of the 2005 winner has not been publicly revealed.”
that was bernie, trying to tease out if buffet was in the same boat..
@nakedshort- I’ll book you a seat on the next flight.
– Qatar Air flight attendant
@8 probably
reset the FAZ…still alive
does the winner of next year’s Buffett lunch auction have to eat at Dairy Queen?
-an interested party
@6
I believe that is a Blizzard from Dairy Queen.
http://www.dairyqueen.com/us-en/eats-and-treats/menu/treats/blizzard/
no so sweet: http://www.shewired.com/Article.cfm?Section=1&ID=23221
@13 I’m stunned you’re up with the DQ menu. I thought IB’s only drank $99.99 latte’s from the local hole in the wall located on a smelly street in midtown?
I, however, have never been in a DQ.
@ 5 — naaa – the stewardesses are all infidels, and are thus, according to the haditha, fair game for sexual hijinx.
@15
only IB’s who’ve read too much LSO do that stuff.
Timmay should know better than to recommend anyone but the Beard. It may be time for the Beard to call on his right hand HP to break a few kneecaps.
I just shit in my jorts.
Buffett is on GMA analogizing the economy to his sex life again:
http://abcnews.go.com/Business/story?id=8039651&page=1
@17
LSO for life bitches,as long as my goldplated HP12C churns out IRR’s of 25%+ it’s models and bottles all the way for me, and fuck i’d still rather be a janitor at citadel then an MD at jefferies. bitches.
@17
what about Ben Stein?
DQ sucks, btw
-12
Ha, Brady Dugan still runs one of their banks
@8
“eh warren, hypothetically speaking, say that a friend of mine had eh, well, eh, dropped the ball a little, say, things turned against him a bit you know, i mean, stuff happens and eh, well anyway, things ran their course and now he kind of.. well.. let me say it this way: his fund kind of resembles a huge fucking ponzi scheme.
Any tips?
@20 LSO references = not even remotely close to funny anymore.
@24
yeah bitch because you are backoffice and have never touched a model or a bottle..
you probably think IRR means internal registration requirement
@8, @23 you guys just dont get it EVERYTHING is a ponzi.
-Nassim Taleb
the real question on my mind: why didn’t Ruthie pony up the cash? with $2.5m in the bank and her husband now out of the picture, she has no reason not to go on a date with WB.
Ok, if Romer gets the Fed gig I’m seriously peacing outa this PonziNation
@27
he ain’t kosher.
@ 28 — Zimbabwe would probably be a better alternative at that point…
Nails for Fed Reserve Chairman
american bandersnatch @4-
it doesn’t make sense to take the arithmetic average here.
down 66.5%, then up 83.4% = cumulative change of -38.5%.
what if it had gone down 99%, then up 1,000%? that’s like +450%, right? (actually -89%.)
or perhaps i missed your sarcasm.
24 eats my ass
@32
methinks he was being sarcastiv
@NAS
Waddya say we hire some Blackwater (er Xe) guys and head over to the Zim and have us a good ol’ revolucion, eh?
@34 Don’t start a land war you can’t finish.
Besides, it’s not like there be huge deposits of natural resources in ‘Zim’ for you whities to pillage.
crackers never learn..
just sayin’
@35
than we’ll have to make do with your daughters!
@35
bounty!!!!
@Anal-yst – normally i’d say thanks for having my back but with your name I’ll leave it to a plain thanks.
But what would rename Zim? The Grand Reduxy of Rhodesia?
TGFD’s solution to the Swiss secrecy issue…
1) Uncle Sam to get some balls.
2) Revoke UBS, CS, et al bank charters in the U.S.
3) Drop Swiss banks’ securities from U.S. exchanges.
4) Make the act of having a Swiss bank account a highly illegal activity for U.S. citizens, with said accounts subject to 100% confiscation plus heavy fines for the criminal citizens.
TGFD doesn’t see any flaws in the above.
BTW, too bad for all the resulting laid-off bankers.
The Guy from Delaware
Save the Beard. No misogynists for Fed Chairman.
@TGFD
Too short-sighted, like so many other anti-offshore types, in no particular order:
1. You think Switzerland is the only offshore “haven”? Hardly.
2. You shut down/restrict the Swiss and you’re only subsidizing the offshore industries of other countries.
3. If the bankers/lawyers/accountants/etc don’t have $ then all those who depended on their largesse are completely f*cked. Just like many service industry (waiters, doormen, etc) in NYC are now f*cked.
4. This is just scratching the surface…
Re: Lehman bankruptcy – Only the worst of the worst derivatives attorneys from Lehman are now at Alvarez and Marsal…same old story, one new MD atty recently ex-Merrill elbowed his boss out of the way to make room for himself at A&M, only to hire his corrupt cronies. Of course, he is unemployable anywhere else, so milking it. Many ex-derivs. traders/staff have tried to communicate this to the Lehman ‘board’ at A&M, but they are too busy counting their ducats.
As for Weil Gotshal, let’s just say that this job will keep the derivatives staff there busy for years, when they were otherwise barely holding on by the skin of their teeth.
Dreadful, dreadful stuff.