Opening Bell: 08.27.09

Feinberg to Formally Approve AIG CEO Pay Next Week (Reuters)
Benmosche (still on vacation?) will likely get the green light for his $7 million a year salary. Meanwhile, the Compensation Cop has not yet been convinced that Andy Hall, pouting in his German castle, “really wants this.”
Hedgie Paulson Mad About Citi (NYP)
JP has allegedly acquired a two percent stake in Vikram’s funhouse.
US Court Rejects TurboTax Defense (Bloomberg)
Good enough for Tim Geithner apparently does not fly for a couple of bros in Ohio: “Petitioners were not permitted to bury their heads in the sand and ignore their obligation to ensure that their tax return accurately reflected their income,” the court said in an opinion issued yesterday. “In the end, reliance on tax return preparation software does not excuse petitioners’ failure to review their 2006 tax return.”
Treasury warns regulator off financial tax talk (Reuters)
The Treasury warned the chief financial regulator on Thursday to stay out of taxation policy after he said he would support higher taxes on the financial services industry.
A Treasury spokesman said taxation was “a matter for the Chancellor (finance minister)” after Adair Turner, chairman of the Financial Services Authority, said he would back “special taxes” on banks to rein in their activity.
Economic Crisis Strikes Irish Heartland (WSJ)
The Gaelic Athletic Association needs warm bodies.
Stanford’s Private-Equity Stakes to Be Sold (Bloomberg)
And Sir Stan is not happy about it, though really the only recourse he has is to bitch and moan like an impotent prick via his lawyer.
Blackstone Gem (NYP)
Steve Schwarzman’s unit grew 25 percent to $25 billion through the first half of the year, beating HSBC and Man Investments, whose assets dropped 52 and 46 percent, respectively. Crab Hands for everyone.
James Paulsen Sees A Sweet Spot At The 5 Minute Mark (CNBC)

Comments (38)

  1. Posted by guest | August 27, 2009 at 8:15 AM

    God Bless America and Turbo Tax.

  2. Posted by guest | August 27, 2009 at 8:18 AM

    Why is there still coverage of TK on the other media outlets? The guy died yesterday for fucks sake. Today is a new day filled with new possibilities.

  3. Posted by AndrewInGreenwich | August 27, 2009 at 8:21 AM

    “Steve Schwarzman’s unit grew 25 percent”
    Same thing happend to my unit when I saw AD this morning.

  4. Posted by guest | August 27, 2009 at 8:23 AM

    @2 why are you bitching about the coverage of TK by other media outlets on DB?

  5. Posted by Tim G | August 27, 2009 at 8:24 AM

    Suck it, OH-IO!

  6. Posted by guest | August 27, 2009 at 8:25 AM

    “Hedgie Paulson Mad About Citi’
    This will end in tears…

  7. Posted by guest | August 27, 2009 at 8:26 AM

    @6 care to expound on that point? or just putting in your submission for gayest comment of the day?

  8. Posted by guest | August 27, 2009 at 8:27 AM

    @7 6 is the kind of commenter who really doesn’t know what he’s talking about but vaguley knows citi = bad. the kind of commenter who simply writes, “we are so fucked.”

  9. Posted by Vikula | August 27, 2009 at 8:27 AM

    hell yes!

  10. Posted by guest | August 27, 2009 at 8:28 AM

    @9 “Do retards work over there?”
    do you really not know the answer to that?

  11. Posted by guest | August 27, 2009 at 8:48 AM

    Note to self,
    If you find out your tax return was bad, apply for office with BHO and THEN blame Turbo Tax.

  12. Posted by guest | August 27, 2009 at 8:53 AM

    @3 – only 25%? who are you, Bernie Madoff?

  13. Posted by CG | August 27, 2009 at 8:57 AM

    @ who you callin a fuckin retard?

  14. Posted by guest | August 27, 2009 at 8:58 AM

    @2 one day is absolutely not enough coverage. granted TK did not have as big effect on this country as MJ, but MJ got a month and a half coverage solid, we owe him at least a week of dragging out his death and covering every miniscule detail. Hell we’ve only had a day to put together news specials about his life and his family. I hope there’s at least 3 days of coverage speculating about where he’ll be buried. These are the topics that really matter in today’s world.

  15. Posted by guest | August 27, 2009 at 8:59 AM

    Huh?..I’m sure he had something important to say but my mind kept going blank every time they showed AD’s rack

  16. Posted by guest | August 27, 2009 at 8:59 AM

    Bigger baller: Fred or Ben Savage?

  17. Posted by guest | August 27, 2009 at 9:08 AM

    I want to play walrus between Drurys’ leggs

  18. Posted by NakedShort | August 27, 2009 at 9:12 AM

    @17 I would say Ben Savage; he got to stare at Topanga’s massive rack every day during Boy Meets World.
    Plus I have a story of Fred Savage being absolutely destroyed in a class at Stanford.

  19. Posted by wcburrs87 | August 27, 2009 at 9:14 AM

    Guys, has anyone seen my pomade this morning? I’m running late and really need it!
    Thanks,
    Chris Theoharris

  20. Posted by guest | August 27, 2009 at 9:15 AM

    @14 you

  21. Posted by guest | August 27, 2009 at 9:20 AM

    @19
    You make a strong argument. (I heard Topanga is/was a huge slut in real life, too.) Feel free to share the FS story.
    -17

  22. Posted by guest | August 27, 2009 at 9:26 AM

    I went to college with a girl who dated Ben Savage senior year (years ago). He’d show up at parties every now and then and the Topenga & Mr. Feeny shots were anything but scarce. He actually took it in stride pretty well…..girl was a tramp though ha. Fred FTW.

  23. Posted by guest | August 27, 2009 at 9:27 AM

    @15 totally agree. can we start with a deep dive into chappaquiddick and how a murderer only spent 2 months in jail, remained a senator and was lauded as a hero buy his political party?

  24. Posted by NakedShort | August 27, 2009 at 9:30 AM

    @22 Here goes:
    I guess Fred was taking some lit class at Stanford with like 150 people in it where he was always such a cocky asshole and got on everyones nerves. Anywho, I guess this professor was making a point about what the author was trying to infer in the text. Big bad Freddy raised his hand and gave some way off base diatribe about how the professor was wrong; the professor took offense and destroyed Freddy; like “ripped him a new asshole” level destruction. The whole room is silent and then some joker said in his best Daniel Stern voice “I then realized what a total asshole I looked like in front of my entire college literature class”. Everyone, including the professor is dying laughing and the prick storms out of the room.

  25. Posted by guest | August 27, 2009 at 9:35 AM

    @22, 23 here.
    I retract my previous Fred statement. At least Benny was out getting laid.

  26. Posted by Ben Savage | August 27, 2009 at 9:36 AM

    Ben Savage stories FTW!

  27. Posted by guest | August 27, 2009 at 9:37 AM

    Nice! It would’ve been awesome if, as he stormed out of class, he shouted, “I was in The Wizard, goddamn it! I don’t have to take this!”
    -17/22

  28. Posted by NakedShort | August 27, 2009 at 9:39 AM

    @28 Thats awesome or how about “I shot a movie with Howie Mandell this is horseshit!”

  29. Posted by Macho Man | August 27, 2009 at 9:42 AM

    Neither Fred nor Ben hold a candle to Randy.

  30. Posted by guest | August 27, 2009 at 9:43 AM

    Naked, you are good. Do you this for a living?

  31. Posted by guest | August 27, 2009 at 9:46 AM

    NS’s full time job for at least the last few weeks has been in high-fashion design, with some moonlighting in marketing.
    His work will be on runways all over ManHandbridgeAttan next Fashion Week.

  32. Posted by guest | August 27, 2009 at 9:47 AM

    Call me crazy, but it looks like Druries are running wild today.

  33. Posted by NakedShort | August 27, 2009 at 9:55 AM

    I have been totallllly freeeeeakkkking out about Fashion Week. You have no idea how hard it is to find models that exude the esprit de corps necessary to wear the Handbridge collection.
    The Fred Savage stories are great; I havent even tapped in to the Julia Stiles vault yet.

  34. Posted by guest | August 27, 2009 at 10:01 AM

    “I have been totallllly freeeeeakkkking out about Fashion Week.”
    You and me both, honey!
    -Greg

  35. Posted by guest | August 27, 2009 at 10:02 AM

    Drury looks like a slowly developing train wreck.

  36. Posted by jamie | August 27, 2009 at 10:07 AM

    JP will be sorry, Indians are good at being told what to do, i.e. write code bitch…but running a bank, meh!

  37. Posted by guest | August 27, 2009 at 10:12 AM

    “…are good at being told what to do…”
    @37 you obviously haven’t experienced the passive agressive push-back that results in nothing being done right.

  38. Posted by guest | August 27, 2009 at 12:44 PM

    @7/8
    Vikram or e.e. cummings?

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