• 14 Sep 2009 at 7:38 AM

Opening Bell: 09.14.09

ashleyduprenyp.jpgPolice Eye Mysterious Death Of Financier (WSJ)
PEMGroup founder and Ponzi scheme confessor Danny died over the weekend, with the matter of SEC being all over his ass making people think the whole thing seems slightly shady.
Corner Office: At Goldman Sachs, Blankfein’s Lesson’s Learned In The Crisis (NYT)
We could’ve had a Justice Blankfein on the bench: “Don’t be totally obsessed about getting everything right. In my own experience, I plotted and planned my life when I was getting out of law school to know by what year I’d make it to the Supreme Court.”
Stiglitz Says Bank Problems Bigger Than Pre-Lehman (Bloomberg)
“In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview yesterday in Paris. “The problems are worse than they were in 2007 before the crisis…It’s an outrage…especially in the U.S. where we poured so much money into the banks…The administration seems very reluctant to do what is necessary. Yes they’ll do something, the question is: Will they do as much as required?”
Banks change CEOs, but will that make them safer? (Reuters)
Brad Hintz called soon-to-be Morgan Stanley CEO James Gorman’s lack of experience in investment banking or sales and trading “potentially troubling.” Dick Bové is still psyched.
Spitzer’s Sex Vixen Won’t Stay Down (NYP)
“What I meant by ‘I wish [Eliot] luck’ is that I felt like there was hope in the news that he may be entering politics again,” Dupre said, though she declined to say whether the Luv Gov would get her vote. “If people could forgive him, they could forgive me.” Also, check out her new single!
Lehman Had To Go So Global Finance Could Live (NYT)
Also, according to Joe Nocera, Dick Fuld is still bitter about the whole thing.
Jim Rogers: “When I heard Lehman Brothers was going bankrupt I thought, ‘this is great.’” (CNBC)

Comments (31)

  1. Posted by guest | September 14, 2009 at 7:44 AM

    the single sucks. but those tits never get old.

  2. Posted by guest | September 14, 2009 at 7:46 AM

    nice bowtie

  3. Posted by guest | September 14, 2009 at 7:57 AM

    Slore

  4. Posted by guest | September 14, 2009 at 7:58 AM

    she sings like 3 notes max. who is “you” in the title of the song, Spitzer?!

  5. Posted by Elliot Spitzer | September 14, 2009 at 8:02 AM

    Cankles. I’d also like her to keep her head down while givin’ me the BJ I paid for.
    - spitz

  6. Posted by prince | September 14, 2009 at 8:08 AM

    Bess,
    Whatever happened to the “First Portfolio” his march 3 market call seems almost omniscient now :-)

  7. Posted by guest | September 14, 2009 at 8:09 AM

    http://www.nypost.com/p/news/local/manhattan/goldman_hq_secure_mike_VGKgT7bMR4t8ruYP87NcKP
    “Goldman Sachs’ new Wall Street building is “the safest place you could possibly be,” Mayor Bloomberg said yesterday.”
    Gee, given that their neighbors are the NY Fed, that says a lot.

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

    Prince, the word you’re grasping for is ‘prescient,’ but we’re talking about blowjobs, timely death and financial firms this morning. Please try to stay on topic.

  9. Posted by guest | September 14, 2009 at 8:29 AM

    @6 that was ep’s creation, not bess. get off it.

  10. Posted by guest | September 14, 2009 at 8:31 AM

    LB is all about sharing ideas, taking some of the pressure off.
    Oh, and keeping an eye on your neighbor. LB is also about that, too. Also.

  11. Posted by guest | September 14, 2009 at 8:32 AM

    @5: I just noticed the same thing. Strangely, it seems to have been outside of the discussions’ realm.

  12. Posted by guest | September 14, 2009 at 8:37 AM

    any idea what’s going on downtown today? all barricaded off by chase plaza

  13. Posted by guest | September 14, 2009 at 8:38 AM

    Danny Pang was innocent, I knew him personally and he was a kind and descent human being.
    -CEO of Hedge Fund Corp.

  14. Posted by prince | September 14, 2009 at 8:48 AM

    Apologies Bess, recalled the blurb not the byline.

  15. Posted by prince | September 14, 2009 at 8:48 AM

    Apologies Bess, recalled the blurb not the byline.
    And I prefer omniscient, he is the messiah :-)

  16. Posted by guest | September 14, 2009 at 8:49 AM

    12- some edbag socialist is coming to town to wag his finger at us while his peeps give mortgage/tax advice to pimps and hoes.

  17. Posted by guest | September 14, 2009 at 8:49 AM

    @11 that’s because all the shots of her have been of the t’s not the c’s.

  18. Posted by guest | September 14, 2009 at 9:05 AM

    @15
    well considering how low the market was, He was bound to be right at some point. I think that was at the height of EP’s end of the world conspiracy theories, but I could be wrong.

  19. Posted by guest | September 14, 2009 at 9:15 AM

    @12 Obama comes for a speech across from the NYSE.

  20. Posted by guest | September 14, 2009 at 9:36 AM

    Obama wanted to mount an NYFD ladder and shout through a bullhorn that the people who did this would being hearing from us soon but his handlers thought better of it.

  21. Posted by MiddleOfficeLoser | September 14, 2009 at 9:36 AM

    See, this is why you pay cash and make sure you get a girl who knows what she’s there for and won’t get any ideas above her station. Know the market rate & don’t get ripped off, and spread the love around – that’s part of the fun ;)

  22. Posted by guest | September 14, 2009 at 9:47 AM

    @20 too soon.

  23. Posted by guest | September 14, 2009 at 9:49 AM

    UBS Sucks?

  24. Posted by guest | September 14, 2009 at 9:56 AM

    S&P 500 1/20/01-9/10/01 Down over 30% under Bush.
    1/20/09-9/10/09 UP 25% under Obama.
    Begs the question– why are republicans so *angry* ?

  25. Posted by guest | September 14, 2009 at 10:22 AM

    @24, please.
    Some of the decline during Bush’s last year is attributable to fear that BHO + Dem House + filibuster-proof Dem Senate would have the political capital to enact anti-business policy.
    The rally, then, reflects the reality that the administration and Congress have been ineffective so far, squandering early opportunities and losing momentum.

  26. Posted by guest | September 14, 2009 at 10:22 AM

    @24 youre an idiot.

  27. Posted by Kanye | September 14, 2009 at 10:27 AM

    Is that Taylor’s sister?

  28. Posted by guest | September 14, 2009 at 10:27 AM

    @24/@25/@26
    You’re all idiots.

  29. Posted by guest | September 14, 2009 at 10:34 AM

    @25 @26 never let facts get in the way of a good argument. oh and @26 GFY

  30. Posted by Monica Lewinsky | September 14, 2009 at 11:33 AM

    Does she need an agent?

  31. Posted by Anal_yst | September 14, 2009 at 6:23 PM

    @7
    Neither the current nor new GS buildings are next to the NY Fed.
    Next?

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