• 28 Sep 2009 at 8:00 AM

Opening Bell: 09.28.09

Banks Pull Back From Acorn Work (Reuters)
Apparently Bank of America doesn’t want to be associated with a group that gives prostitutes and their pimp boyfriends loan advice.
The Madoff Scam: Meet The Liquidator (CBS)
Irving Picard on Andy and Mark Madoff: “Whether or not they have a criminal problem, we will pursue them as far as we can pursue them. And if that leads to bankrupting them, then that’s what will happen.”
Phone Calls Add To Din Over Loans (WSJ)
Countrywide recorded phone conversations “in a controversial mortgage program that included public officials” and then destroyed the tapes. Is that a crime?
Goldman Sachs Launches Recruiting Drive (FT)
Hiring up to 200 in asset management and “moving back on the offensive,” according to Marc Spilker.
Zoellick Favors Power For Treasury, Not Fed (WSJ)
“It will be difficult to vest the independent and powerful technocrats at the Federal Reserve with more authority,” the World Bank President said. “My reading of recent crisis management is that the Treasury Department needed greater authority to pull together a bevy of different regulators. Moreover, the Treasury is an executive department, and therefore Congress and the public can more directly oversee how it uses any added authority.”
Is Jeff Macke Broke? (WCV)
This guys says yes.
Citi may not forgive debt by EMI (NYP)
All you need to know about the story is that it was the basis for this graphic:
panditpostpic.jpg

Comments (26)

  1. Posted by guest | September 28, 2009 at 8:04 AM

    I AM Tyler Durden.
    http://nymag.com/guides/money/2009/59457/
    “Ivandjiiski was initially enthusiastic about being interviewed for this story and considered confirming his real identity, then backed out, citing the objection of a Chicago-based partner, who used to blog at Dealbreaker under the pseudonym “Equity Private.” She now calls herself “Marla Singer,” another character from Fight Club. She feared Ivandjiiski’s exposure would lead to her unmasking as well. But more important, he made clear, a measure of secrecy is essential to the site’s mission as an incorruptible critic of the market.
    Ivandjiiski did arrange for me to speak with Singer. It was a bizarre exchange. “Tyler Durden isn’t one person,” she said, but up to 40 different people allowed to post under that name. “We are all Tyler Durden,” Singer claimed. “

  2. Posted by guest | September 28, 2009 at 8:08 AM

    Greg Michaels IS Tyler Durden

  3. Posted by guest | September 28, 2009 at 8:14 AM

    What are UBS employees doing in the background?

  4. Posted by guest | September 28, 2009 at 8:15 AM

    What is you CIO doing in that corner office overlooking the city ckyline? Letter writing, naturally:
    http://www.nypost.com/p/news/local/top_exec_in_affair_smear_oB1j0G4GIAwVayNRfw8bjP
    “Top exec in affair ‘smear’”
    “”Turn over any rock and find her with her pudge [sic] legs spread,” Bartley allegedly wrote in his venomous missives to McFadden’s father, sister, brother-in-law and friends.”

  5. Posted by guest | September 28, 2009 at 8:33 AM

    who cares about these stories…suck it bitch

  6. Posted by guest | September 28, 2009 at 8:40 AM

    CNBC people Google themselves?
    How about this headline:
    Dennis Kneale Molests Collies by the Dozen.

  7. Posted by guest | September 28, 2009 at 8:41 AM

    NYP Graphics Dept FTMFW!

  8. Posted by guest | September 28, 2009 at 9:00 AM

    @1 I’m going to crucify washed up finance professionals on the road between Greenwich and NYC until the real Tyler Durden confesses. Coincidentally I’ll be making the world a better each time.

  9. Posted by guest | September 28, 2009 at 9:01 AM

    W.C. Varones, I’m going to take a grainy photo of your house/office from an unflattering angle in an attempt to convince people you’re broke.
    -Jeff Macke

  10. Posted by guest | September 28, 2009 at 9:09 AM

    EP mentioned in there! (now Marla)

  11. Posted by guest | September 28, 2009 at 9:14 AM

    So this is were Lehman’s Gaming and Leisure IBD team ended up:
    http://en.wikipedia.org/wiki/File:Tlareleasingfluffer.jpg

  12. Posted by guest | September 28, 2009 at 9:15 AM

    “…Financial blogs grew out of the message boards launched by Yahoo! Finance …”
    From the ZH article. Nothing more need be said.

  13. Posted by guest | September 28, 2009 at 9:16 AM

    @10 why is that exciting to you?
    @12 you do realize you’re reading and commenting on one of these things, right?

  14. Posted by NakedShort | September 28, 2009 at 9:19 AM

    Kinda pissed they didnt mention that the Dealbreaker faithful are launching a hedge fund.

  15. Posted by guest | September 28, 2009 at 9:31 AM

    “Indeed, the pathetic flailing of Dykstra in business were more reckless and deceptive than a laymen’s swing at major league pitching…”
    Uhh Bess??? Do something!!!

  16. Posted by guest | September 28, 2009 at 9:34 AM

    @13
    Your putting ZH and DB in the same category? That would be like comparing Drudge and the National Enquirer. One’s a conspiracy theorist website, the other a gossip tabloid blog.

  17. Posted by guest | September 28, 2009 at 9:46 AM

    I tried fisting a moose over the weekend. The outcome is that I’m laid up in some shit hole Canadian hospital while some -dick for brains- Canadian moose runs around downtown Montreal with my rotting arm up its ass.

  18. Posted by guest | September 28, 2009 at 10:33 AM

    @16 I’m calling them both “financial blogs,” yes. And I believe DB is now referred to as “the de facto page six,” per nymag.

  19. Posted by guest | September 28, 2009 at 10:48 AM

    Hedge fund executive plunges to death at casino…via drudge

  20. Posted by Joe Mac | September 28, 2009 at 10:51 AM

    “My Lats are too big to fail!”
    Do you have to ask?

  21. Posted by guest | September 28, 2009 at 11:03 AM

    Wait a minute, Jeff Macke shared an office with my dermatologist?

  22. Posted by guest | September 28, 2009 at 11:08 AM

    @19 It’s not Cliffy so it really doesn’t matter.

  23. Posted by guest | September 28, 2009 at 11:28 AM

    I really like Macke’s response.

  24. Posted by guest | September 28, 2009 at 11:34 AM

    @1 and others, “After graduation, Ivandjiiski [zero hedge founder] instead took a job as a junior investment banker at Jefferies & Company in Los Angeles”
    Finally, a red letter day for Jeffries!

  25. Posted by guest | September 28, 2009 at 4:27 PM

    what do i need to do to get hired by goldman?
    - law school douche where goldman PWM is giving a recruiting presentation

  26. Posted by guest | September 28, 2009 at 6:26 PM

    Where do I apply to the Goldman position?
    -Junior Financial Advisor

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