Q&A:
Citadel: If You Want Your Money, Come Get It, And BTW, The Holocaust That Was 2008? “Never Again”
Posted by Bess Levin, Oct 29, 2009, 3:16pm
Comments
Comments hidden for your protection. Show them anyway!Post Your Comment
You're commenting as a guest.
→ Comment with your user account instead.
After submitting a comment, it may take several minutes to appear. Please only submit your comment once.
More Favorite Reads
Sep 15, 2009, 2:22pm
Technical Difficulties Prevented Warren Buffett From Saving Lehman Brothers
I sense some judgment from the Bloomberg reporter here re:...
More »Sep 15, 2009, 2:00pm
People! THIS TYPE OF PERFORMANCE DOES NOT MAKE PTJ WANT TO RAIN BUCKETS O' CHICKEN ON YOUR ASSES!
Tudor BVI Global: August 2009: 0.5% YTD: 12.5% ...as for...
More »
Sep 09, 2009, 11:27am
Goldman Partner's Neighbors Scandalized By Shirt Optional Parties
Goldman Sachs partner managing director Richard Kimball Jr. apparently got...
More »Sep 09, 2009, 10:15am
Job Openings At AQR! (UPDATE)
Ladies, if you've been looking to work under one of...
More »
Posted by guest , Oct 29, 2009 3:21PM
that's hunky-dory. so why is rohit d'souza leaving griffo high and dry after only a year? they need to hire margaret brennan as head of investor relations -- maybe then i'll take these chumps seriously.
Posted by guest , Oct 29, 2009 3:23PM
Screw you, Bess.
The Sorkin
Posted by guest , Oct 29, 2009 3:24PM
"Any closing Remarks on the fourth Quarter of 2008?
Never again."
NICE
Posted by Seaman Bodine II , Oct 29, 2009 3:25PM
Now the crash can happen.
Tyler Durden
Posted by guest , Oct 29, 2009 3:25PM
Bess. You are killing it today.
Posted by guest , Oct 29, 2009 3:26PM
@2 you like that, bitch?
-Bess
Posted by guest , Oct 29, 2009 3:26PM
geez. doesn't cnbc need to cite their source?
Posted by guest , Oct 29, 2009 3:27PM
@7 just assume that it's always bess.
Posted by guest , Oct 29, 2009 3:29PM
Never again? Isn't that what everyone said in 1998 after LTCM failed?
Posted by guest , Oct 29, 2009 3:31PM
@9 that's what they said after WW2
Posted by guest , Oct 29, 2009 3:31PM
BESS LEVIN FOR THE MOTHERFUCKING WIN
Posted by guest , Oct 29, 2009 3:32PM
@9 If I remember properly it was more like, "Great job, Merry, you fucking douche, I was having a good year and now THIS."
Posted by guest , Oct 29, 2009 3:33PM
I decided to lift the suspensions on my donations at the sperm bank. For very different reasons.
-Kenneth "Genetic Masterpiece" Lewis
Posted by guest , Oct 29, 2009 3:43PM
(.)(.)
Posted by guest , Oct 29, 2009 3:48PM
serious question. HOW CAN THEY SAY IT WILL NEVER HAPPEN AGIN? who do they knwow that?
-LB
Posted by guest , Oct 29, 2009 3:54PM
Anybody else like to wander around the office with a raging hard-on?
The Sorkin
Posted by guest , Oct 29, 2009 3:55PM
Oh yeah, never again... riiiiight.
The dollar crumble will make LEH/AIG/BSC/ML look like a hand job...
Do any of us honestly think the world will cough up $10 trillion over 7 years to fund our deficits?
Posted by guest , Oct 29, 2009 4:01PM
@17 Yes.
Posted by guest , Oct 29, 2009 4:06PM
under/over til someone rips this off?
Posted by pfluger , Oct 29, 2009 4:07PM
An investment in US treasury debt is a solid long term investment.
Our budgets are balanced, our money supply is well constrained, unemployment is low, and dropping thanks mostly to the success of the brilliantly designed "stimulus" including the cash for clunkers and all the money shuffled to the public sector unions.
Everything is going exactly according to plan!
- Christine Romer
Posted by guest , Oct 29, 2009 4:08PM
57%? what are they running--a closet index fund??? for all their hot air about 'determination and hard work' you'd think they'd at least beat the nasdaq!
Posted by guest , Oct 29, 2009 4:44PM
@21, you're an idiot that can't do math. Market indices are up only around 10% YTD. They are up around 57% from the year's low (which occurred March/April).
Posted by guest , Oct 29, 2009 4:45PM
Bess, I think about you quite often.
The Sorkin
Posted by Teri , Oct 29, 2009 4:52PM
It's shameful that once again we are seeing the NY Times copy-cat reporter Zach Kouwe borrow Dealbreaker's news and report it as his own. I think readers should flood the NYT's Dealbook comment section and remind them to man up and creidt Bess for the fresh news she clearly broke ahead of Kouwe.
http://dealbook.blogs.nytimes.com/2009/10/29/citadel-to-allow-withdrawals-in-november/#comment-332287
Posted by guest , Oct 29, 2009 4:57PM
Nice...down 55% in 2008, up 57% in 2009. Congratulations investors, you are still down 30% from December 31st 2007!
What a BS way to spin a 30% capital loss.
Posted by guest , Oct 29, 2009 5:03PM
@24 absurd.
Posted by guest , Oct 29, 2009 5:11PM
@25 Citadel really earned its 2 and 20. Remember it's not about investors but Ken's ego.
Posted by guest , Oct 29, 2009 5:49PM
http://gawker.com/5372325/cablevisions-jim-dolan-successfully-sues-blogger-into-submission
Posted by guest , Oct 29, 2009 5:58PM
@28 wow, who the fuck cares about a) that story at all b) that story weeks after the fact?
Posted by guest , Oct 29, 2009 6:00PM
@22 ... apparently i'd better do the math for you:
Nasdaq low, 3/9/09 = 1265.52
Nasdaq close today = 2097.55
% rise from bottom = +65.7%
Nasdaq open 1/2/09 = 1579.19
Ytd gain = +33%
Posted by guest , Oct 29, 2009 6:02PM
@29 = Teri
Posted by JT , Oct 29, 2009 6:03PM
I posted a comment on Dealbook's Citadel story about them stealing Dealbreakers news 20 min ago. And they didn't post it. Looks like Kouwe can't hadle the heat. He's also a Dealbook editor so it's clear they really control the comments at their site. Grow some balls NY Times.
Posted by guest , Oct 29, 2009 6:04PM
@31 more like someone who doesn't care about a month old story about the rockettes.
-jimmy d
Posted by guest , Oct 29, 2009 6:08PM
here's a joke: ken griffin
Posted by guest , Oct 29, 2009 6:16PM
32,
Same.
-LA
Posted by guest , Oct 29, 2009 11:36PM
Ken the Grief is leveraging up with a teen watching youporn and massaging a raging hardon. He'll spill it and crash again within a year, mark my words.
-- Former citadel guy
Posted by oldoiltrader , Oct 30, 2009 5:44PM
@32 I also tried to comment on Dealbook's story lift of the Citadel news. They didn't post my comment but I clearly struck a nerve with their reporter. He wrote back trying to justify his lack of sourcing and seems to still not understand that lots of other publications like Bloomberg, Business Insider, Reuters source Dealbreaker all the time for being first to a story. He says this is a 'small news item' yet checking the number of his reports on Dealbook I see he doesn't report daily and this was likely a decent size story for him. I doubt Kouwe actually got his own copy of the Citadel letter. Here is his email:
Old Oil trader,
If I spent my time trying to figure out where every small piece of
news was first reported, then I'd spend all day trying to figure out
which blog, website, Facebook page ect. was first to have a certain
piece of information instead of actually reporting. I started writing
this piece after I received the letter, which is around the same time
others most likely received the letter. Bloomberg and other wire
services often receive pieces of news before one another and don't
spend all day crediting those who had the info an hour before.
--
Zachery Kouwe
Business Reporter
The New York Times
620 Eighth Ave
New York, NY 10018-1405
(p) 212-556-3824
(c) 551-655-4032
kouwe@nytimes.com
Posted by guest , Oct 30, 2009 6:45PM
@37 that is so funny. Isn't Kouwe the former NY Post reporter who wrote a bunch of stories that read like he was shilling for T.H. Lee and his P.E. deals.