For Gorman, A Test Of His Leadership (WSJ)
Mackettes, your new Aussi overlord wants you to get up in his face and mix it up: “He is very straight with people, and you always know where you stand,” said Gregory Fleming. During a speech at Merrill, Mr. Gorman told a group of investment bankers not to be shy about approaching CEOs. “They will always have time for you if you have a good idea,” Mr. Fleming recalls him saying.
The Fall Of Mack (NYP)
Noted mean girl Dick Bové had this to say of the Knife stepping down: “[Mack] zigzagged so many times and he increased the instability in a company that was already reeling from instability.” She also doesn’t know why Phil Purcell wasn’t seriously considered as a successor.
Prosecutors Are Poised To Impanel AIG Grand Jury (WSJ)
Joe Cassano is focus of probe as authorities try and find a distinction between ‘criminal’ and ‘idiot.’
Wells Fargo exec used Malibu Colony home lost by Madoff-duped couple (LATimes)
So this happened, in an admittedly pretty sweet house: Neighbors said the family of [Cheronda Guyton, a Wells Fargo senior vice president who is responsible for foreclosed commercial properties] spent long weekends at the home and had guests over, including a large party the last weekend of August that featured a waterborne arrival. “A yacht pulled up offshore, with one of those inflatable dinghies to take people back and forth to the shore,” said Roman’s wife, Elaine Johnson. “About 20 people got taken over in the dinghy.”
SEC Vows To Reorganize Unit To Head Off Fraud (AP)
You already knew the regulator was deadly serious about getting things right this time, what with the founding of Fraud College, and now Robert Khuzami, the head of the S.E.C.’s enforcement division had this to say: “We intend to learn every lesson we can,” he said. “There are no sacred cows.”
Lehman Monday Morning Lesson Lost With Obama Regulator-in-Chief (Bloomberg)
Not sure if you know this, but Tim Geithner did not in fact take the advice imparted on his ass a day after becoming Treasury Secretary to break up Citi and Bank of America.
New Charges In Stanford Case (Reuters)
Thomas Raffanello, a security director for Stanford Financial apparently destroyed some important documents, not knowing that sort of thing was frowned upon.
France Sees Chance For Bonus Restriction (NYT)
French Finance Minister Christine Lagarde is “confident” people will accept things like clawbacks and other good stuff.
WTF is with liesman’s eye…did he get danza slapped by a fed governor last night
@1 i only allow myself to be danza slapped by the beard. get it right.
Friday, Fuck Yeah!
When gashes like Bove pass judgement on guys like Mack, it proves God has a real sense of humor.
Oh no she di’nt!
Mack
John Snack will always be better than James Hungorman.
-Snicker’s Ad manager
No mention in Opening Bell. Yes!
@UBS/7 It’s early morning. Let’s see whether you can get to the end of the day without doing something retarded.
Anyone else using their 401Ks to throw down on a condo at Hacienda Matapalo? Just saw this on CNBC. Double digit returns! I’m buying 2.
@7 http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=UBS:US&sid=ahp_H5X3sSNk
Gross!
UBS Sucks!
Thanks, wcburrs87.
@10 – That was so out-of-context. He was talking about the latest Vending Machine Challenge. Honest Injun!
@11 – no problem. I also have naked pictures of Rodney “The Dream Machine
Green if you want them.
@13/wcb; how much are you looking to get for those photos?
@wcburrs87
No thanks, I’m good …
-11
@NS – free for HCP partners. I’ve posted them on the network in the folder ‘Anaconda’.
@wcburrs dont you love working at HCP? The only thing our IT guys have to worry about is optimizing our bandwidth to stream brazzers.
@17/NS, brazzers? I always thought of you as more of a niche player
@18, HCP has subscriptions to all the great paysites. Personally, I think the credit derivatives desk giving up their Markit subscription in favor of ‘Big Sausage Pizza’ was an excellent addition to the team. Diversification is the name of the game.
@18 your assumption was right. I thought the masses would get brazzers. In retrospect they probably would have gotten throatgaggers.com as well.
@1 Geithner’s jizz.
Who wants some A2M? Meep meep.
Dennis Kneale
Erin B. is all sexy and smiles this a.m. Maybe she got drunk and laid last night.
I am sick of the Pizza Hut “JACKPOT!!!” pizza ads and “Goatboy” of SNL who is doing them.
MEEP MEEEEEEP MEEEEEEEEEP!
Phil Purcell as a Mack successor? I thought Purcell was coaching the Dolphins this year.
~AIG Quant
He looks so regal in that pic.
Cougar clawbacks. Frenchie is also in favor of stimulating the economy. Num, num.
Charles Gasparino made me go A2M with a collie. Seriously, he made me do it.
Dennis Kneale
@ 23
Erin Burnett gets laid all the time whenever she and boyfriend have the chance.
30=EB.
he’s got quite the honker.
mozel tov!