Judge Halts Payout On BAC Settlement (NYT)
Judge Jed Rakoff has refused to approve the payouts because he believes they may be unfair to the public. As it's all government money, I tend to agree.
Former Head Of Amex Frontrunner For AIG Chairman Role (FT)
"Mr Golub, who joined AIG's board in June, has the edge over other candidates, including Dennis Dammerman, the former General Electric executive who is also a director of the government-controlled insurer, people close to the situation said"
Related, it looks like the breakup of the former giant is going to generate somewhere in the neighborhood of $1B in fees across sectors.
Murdoch Pulls The Plug On Free Shit (BBC)
The news mogul Rupert Murdoch has decided to pull the plug on the free shit as News Corp sees a $3.4B loss.
NYT Offers Up Statistics As A Career Path (NYT)
Tired of getting laid? Have a penchant for hating yourself and others? Then statistics might just be for you, and it turns out people need the poor bastards to do it.
Schapiro Pushes For Self-Funding (FT)
"The US Securities and Exchange Commission should fund itself directly from industry fees, a system that would allow it to tackle more complex investigations and invest more in technology and skilled people, Mary Schapiro, its chairman, told the Financial Times."
Posted by guest , Aug 06, 2009 7:31AM
Commercial real estate is going to turn this market right back down. Good morning.
Posted by wcburrs87 , Aug 06, 2009 7:34AM
@1, BB2N.
And Murdoch is an idiot if he thinks I'm paying for my news. Kankles expose' aside, Newscorp produces nothing worth paying for.
Posted by NakedShort , Aug 06, 2009 7:44AM
@2 Id give up my WSJ before I gave up my NY Post
Posted by guest , Aug 06, 2009 7:51AM
Carrer or career ... FAIL
Posted by guest , Aug 06, 2009 7:52AM
Shapero? How do you screw up the SEC Chairman's name when its in the quote you posted?
Posted by wcburrs87 , Aug 06, 2009 7:53AM
@3 - me too, but only because Alexander Hamilton was the man. But that instance really doesn't matter because Murdoch owns both.
Posted by guest , Aug 06, 2009 7:53AM
William, a little spell check is in order. Ok, one typo, no probs, but you've got a couple there.
Posted by guest , Aug 06, 2009 8:00AM
has refuse? carrer path? fore me?
Posted by guest , Aug 06, 2009 8:05AM
Mary Schapiro wants industry funding for the SEC so she can break free of governmental pay limits. Its that simple. She had industry funding at FINRA and managed to carve a $3 million annual salary for herself for setting up one of the most ineffective and worthless regulatory and oversight organizations one could imagine. Anyone with any knowledge of the financial services industry knows just how much of a joke FINRA is. Just think, for $3 million/ year she will do the same to the SEC. No thanks, Mary. Keep your government paycheck. You aren't even worth that.
Posted by guest , Aug 06, 2009 8:06AM
Murdoch is certainly a better business man than I've ever been (I have almost but not quite zero experience) However, why exactly would I want to pay for the online garbage that his news outlets produce? I didn't read that garbage when it was free - well, except by accident or via DB.
Does he think the far right wing nut jobs that spoon feed themselves from the tripe spewed out of FOX news are going to pay?
In lieu of UBS: FOX News Sucks Ass.
http://www.youtube.com/watch?v=sCCuOrRzoSc
- A concerned conservative
Posted by guest , Aug 06, 2009 8:06AM
Who is Schapero?
Posted by guest , Aug 06, 2009 8:08AM
For all you spelling/punctuation Nazis: It's just EP fucking with you.
She derives pleasure from the strangest of things.
Just sayin'
Posted by guest , Aug 06, 2009 8:10AM
Murdoch is bluffing. Ha!
Posted by guest , Aug 06, 2009 8:14AM
@12
... a very sick individual indeed.
Posted by american bandersnatch , Aug 06, 2009 8:18AM
“I keep saying that the sexy job in the next 10 years will be statisticians,” said Hal Varian, chief economist at Google. “And I’m not kidding.”
Priceless - you've been doing fine work on the dawn patrol Mr. Richards.
Posted by guest , Aug 06, 2009 8:24AM
Statistician jobs are trivial to offshore. Good luck with that career path.
Posted by guest , Aug 06, 2009 8:36AM
Absolutely incredible that BAC shareholders have to fork over more money. How about clawing back the ill gotten gains from John Thain et al?!
Posted by guest , Aug 06, 2009 8:37AM
@12, just FYI: EP is a guy
Posted by guest , Aug 06, 2009 8:49AM
@18
No.
@10
YOu may not pay for FoxNews, but considering their utter dominance of cable news ratings, I'd bet someone will. I don't really care for it myself, but i'm just sayin'.
Posted by guest , Aug 06, 2009 8:53AM
@19, u r a homo
Posted by guest , Aug 06, 2009 8:56AM
@19
@20 is not @10
FYI
Posted by guest , Aug 06, 2009 9:05AM
At the DB office.
Greg: Bess, you're back.
Bess: Greg, I'm surprised to see you here.
Greg: You are?
BL: I though you would have taken the large office.
GM: Oh. Really.
BL: I guess I didn't make that clear when I hired you. So where's that Pensky file? Let's see what
you've been up to all week. (pages through the file)
What have you been doing all week?
GM: Well you missed a lovely little party that we had for EP.
BL: You haven't done anything with this.
GM: Well bear in mind that I am in the smaller office.
BL: I'm beginning to wonder if you understand anything.
GM: You are aware that Cluster is interested in me.
BL: (scoffs) You're not Cluster material.
GM: Well, we'll just see about that. Ta-ta, Tut-tle.
Posted by guest , Aug 06, 2009 9:09AM
God Bless America and Fox News
http://www.youtube.com/watch?v=1dqTrUpmwPg
Posted by guest , Aug 06, 2009 9:12AM
@16
Seriously. Math-intensive job + little need to interact with people = offshore to Asia for a quarter of the cost
Posted by guest , Aug 06, 2009 9:14AM
@16 They'de make far more money as Plumbers with job security to boot.
Posted by guest , Aug 06, 2009 9:16AM
@23
Instant 5 star rating.
Posted by guest , Aug 06, 2009 9:18AM
Pore spillers are secksey!
Posted by guest , Aug 06, 2009 9:20AM
You all will be pleased to know that you can suck balls and milk my clit!
Sincerely,
Maxine Waters
Posted by guest , Aug 06, 2009 9:22AM
@25. A doctor in statistics can easily make 250-400k a year (that's 500-1mil in New York money, btw).
Where do you think health care and insurance profits come from anyway?
Posted by guest , Aug 06, 2009 9:28AM
@23...that was genius..thanks for alerting me!
Posted by NakedShort , Aug 06, 2009 9:28AM
@29 has it totally nailed. Actuaries can make a shit ton of money especially if they are upper level at insurance companies.
Posted by guest , Aug 06, 2009 9:31AM
The majority of statisticians are not actuaries.
Posted by guest , Aug 06, 2009 9:35AM
Actuaries are pussies that couldn't make it on the buy side.
Suck me, beautiful.
Posted by guest , Aug 06, 2009 9:57AM
See you dickweeds at the party tonight. Already munching on my blue jelly beans. Anyone want his wife to share a cab with me afterwards back to Brooklyn, email me.
-Dennis
Posted by guest , Aug 06, 2009 10:06AM
@32. And the majority of wall street is not killing it. What's your point?
Posted by guest , Aug 06, 2009 10:20AM
@20,21
My sexual orientation has nothing to do with the factual accuracy of my statements. Try more harder to insult me plz.
We may not like the dominance of Fox News but that doesn't make it not real.
@19
Posted by guest , Aug 06, 2009 10:30AM
@19,@36
Why do you say EP is not a male? What do you know? Who the hell are you?
Posted by guest , Aug 06, 2009 10:49AM
heh.. Murdoch said "Quality journalism is not cheap..."
Posted by InfiniteGuest , Aug 06, 2009 11:11AM
@37, http://dealbreaker.com/2008/01/writeoffs-010408.php#c12
& here's her photo ...
http://equityprivate.typepad.com/.a/6a00d83451cef669e200e54ff3b12c8833-150wi
What difference does it make?
Posted by guest , Aug 06, 2009 11:42AM
@37
Who are you? Everyone who has read DB for even a few monthes knows EP is a woman. Must be a high schooler with nothing to do over the summer but visit blogs for grown ups. Get to Wal-Mart for their back to school sale on supplies, pick me up some BIC pens while you're there.
-19,36
Posted by guest , Aug 06, 2009 1:50PM
@40
Poor response. First note that I was not taking a position on whether EP is a male, a female or a tranny. FYI, I've been reading DB for years. I know a lot more than you think.
@37