Benmosche Accepts AIG Job as Friend Says U.S. Turning Socialist, Being Asked 3 Times (Bloomberg)
“He said, ‘How does it feel, here we are moving forward, and you guys are becoming socialists,’” Benmosche said during an Aug. 4 staff meeting, according to a recording. “I said, ‘What the hell are you talking about?’ I started to think about the motivation I had to doing this job.”
Rise of the Super-Rich Hits a Sobering Wall (NYT)
In 2007, Mr. McAfee sold a 10,000-square-foot home in Colorado with a view of Pike’s Peak. He had spent $25 million to buy the property and build the house. He received $5.7 million for it. When Lehman collapsed last fall, its bonds became virtually worthless. Mr. McAfee’s stock investments cost him millions more. One day, he realized, as he said, “Whoa, my cash is gone.”
Tiger Asia Engaged in Insider Dealing, Hong Kong Regulator Says (Bloomberg)
Tiger Asia was approached by a placing agent before market opening on Jan. 6 to participate in the planned Bank of America placement of Construction Bank shares, the SFC said. Tiger Asia was informed of the size and discount range of the share offering, it said.
Morgan Stanley Plans Hiring Spree (Reuters)
John Mack’s got 400 jobs and 400 cannolis to pass out. Get some of that.
FDIC Seeks To Attract More Buyers Of Banks (NYT)
The second most powerful woman in the world “taking extraordinary steps to attract buyers for troubled institutions.” Swimsuit calendar.
AIG Says Madoff Suit Without Merit (WSJ)
In a statement Thursday, the insurer said it will cover, under some product lines, losses that are a result of a fraud, but only if the policyholder suffered an actual net loss and has done so for claims related to the Madoff scandal. Everyone else can S a small D.
Switzerland’s Profit on UBS: $1.13 Billion (WSJ)
Toberlones for everyone.
Sail Away With A Piece Of Madoff Memorabilia (Telegraph)
B-boy’s boat, a “spanking white, classic gin-palace” featuring “a luscious master bedroom, a double room and a further twin room, plus all the mod-cons and the obligatory sunlounger decks” could be yours.
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“New intern challenge. We’re not in for the long-haul. This one’s a sprint. 4,200 calories. He has until 2:45PM (London time). Call it a farewell lunch if you will.”
Update: No cash prize at stake. Apparently he’s doing this “for respect.”
Update II: “Done. Nearly a photo finish at the end there. He managed over 1000 calories an hour. Now to take him to the pub to celebrate.”
Comments (60)
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it’s the sodas that’ll kill him.
Yorkie bar? I much prefer the Collie bar.
–You Know Who
whats with all the brits feeling the need to prove themselves via massive food consumption all of a sudden?
if a yorkie bar tastes anything like a yorkshire terrier’s ass, count me in.
-DK
@4 nice
Oh, and ubs sucks collie ass
mikado makes me horneyeyeye
Tiger Asia has assets frozen in HK for insider trading and here on DB we have yet another overeating challenge…
“Hey babe, I negotiate million dollar deals for breakfast. I think I can handle this Eurotrash.”
-H. Ellis
Are bathroom breaks allowed? 2.7 L of soda is a lot.
@9 Liter cola? Do we have liter cola?
@7 There are seven links above the food challenge. If that isn’t enough news for you, go fuck yourself. Or you can always read a different website.
- Guy who loves food challenges
@11 um… ‘roid rage much.
- Guy who hates food challenges.
11 = Maria masquerading as a man.
nymag daily intel completely rips off db’s post… getting tired of their lazy bullshit
http://nymag.com/daily/intel/2009/08/lloyd_blankfein_used_to_be_fat.html
@10 I don’t want a large Farva, I want a god damn liter of cola.
@3 feeling inferior to Americans
@12:
My bad.
- A-rod
@7 it sounds like you already read about it on bberg. are you one of those dbags who isn’t happy until you get to also read about it on db?
Skip all of that crap, just go with 2 crave boxes and a large order of chiken rings!
Thats world class consumption!
Skip all of that crap, just go with 2 crave boxes and a large order of chicken rings!
Thats world class consumption!
Skip all of that crap, just go with 2 crave boxes and a large order of chicken rings!
Thats world class consumption!
@7 the tiger asia story is in opening bell
@18 I read about it in the letter they sent me on 8/7 and the follow-up yesterday… thanks for caring.
-7
So that’s about as much caffine, by my calculations as a 24oz Jolt.
If this happening on a trading floor @ Merrill London by any chance, cus this kid is definitely gonna paint the town brown after this little escapade!
@23/7 then why’d you take the time to bitch and moan about it not being in opening bell? are you just that big of a cum dumpster?
-18
@23/18
No one cares that you heard it two weeks ago, congratulations I hope your assets are frozen.
Oh and I work in London these days, weak vending machines….
Why the diet soda?
@18
Meant to say 23/7, seconded on your last post
@27 cause i’m watching my weight, that’s why.
-garden variety fat fuck challenger
@16
no, just hungry.
E. Thyopian
Strategy: Chug the sodas to start. Pee them out as you go. Hit the candy next, finish with the chips. The key is to separate the chips from the soda or you’ll retain the liquid in your stomach and you’re fucked.
in my firm when we do a eating contest we all order our chefs to make as many foie gras based party snacks as he can think of and then we down m with a nice red burgundy..
food from a vending machine, disgusting. have you no pride and/or personal chef?
PEB.
Half an hour to go. He’s down to his last 3 chocolate bars. No sign of vomit as yet.
Whats the payout?
@16 and rightly so.
@35
to us you will always be the colonies.
Best,
Europe
@34 being able to leave before midnight on the last day of his internship… he might get a pint of Guinness to wash it down with at 1700
@34 being able to leave before midnight on the last day of his internship… he might get a pint of Guinness to wash it down with at the 5.01 drinks
@34 being able to leave before midnight on the last day of his internship… he might get a pint of Guinness to wash it down with at the 5.01 drinks
@34 being able to leave before midnight on the last day of his internship… he might get a pint of Guinness to wash it down with at the 5.01 drinks
Can I order my case of handbridge mugs yet?
Does anyone know what time the intern might be able leave on his last day of his internship? Someone should buy him a pint, but the question is — what time?
more importanly can I order my case of HCP mugs yet?
Hmmm
after reading 32′s comment, I’m wondering if a return to elitism is a green shoot…
-Comfortably Smug
Poor Mack…Zigging when it is time to Zag. Does this guy do anything except follow Goldman a quarter later!!!!??? Sheesh!
@36 – That’s funny. Especially considering we saved your ass TWICE.
http://www.nypost.com/seven/08212009/business/blogger_may_have_a_past_185653.htm
PEB is sort of amusing in a pedestrian way.
@47 interesting….
@47 nice hat-tip to Bess’s Dealbreaker
@50 huh?
“coming close to … dealbreaker.com” Yeah, like an asymptote.
@52 what are you talking about?
“Update: No cash prize at stake. Apparently he’s doing this ‘for respect.’”
yeah… vending machine challenge is going to get you a loto of respect…
@53 47′s link. There will be more scrutiny of anonymous bloggers after the boeing blogger outing too.
@53 Read the Post story, skip to the end….Duh!
thats really not a lot of food compared to some recent challenges. i wouldnt put up cash for that either.
if thats all thats in the vending machine, he should have had to eat two of each.
@36
to us you will always be the colonies.
Best,
The Middle East
@47
Those bloggers who think they can remain anonymous are too young and naive. What, “Tyler Durden” is 30 and already banned from the industry? Listen, ZH has some good things going, but it’s obscured by paranoia and conspiracy theories. Other names will come out, no doubt.
@58
to us you’ll always be closet gay camel fuckers, though we love to bang your slutty women.
Best,
Rest of the world