Review Of Citi Draws Wary FDIC Response (WSJ)
FDIC officials are wondering just how rigorous the outside review of Citi and its management was, considering the report claimed everyone, including Vikram, was doing a bang-up job (Bair and Co were expecting to be told to burn the place to the ground and start over).
Occidental Petroleum Announces Acquisition of Phibro (Oxy)
The oil producer is getting the commodities unit (and Andrew Hall + his team) for $250 million.
Morgan Stanley Back In Black, But Goldman Dominates (Reuters)
Why can’t Lloyd Blankfein just let Mack have this one quarter? Oh, and never forget: “Goldman has to walk this fine line between paying their people too much and sending the wrong signal to government and taxpayers,” said Michael Hecht, an analyst with JMP Securities.
Zoe Cruz To Head New Hedge Fund (WSJ)
Voras Capital Management is expected to launch with at least $200 million and invest in a variety of distressed assets. The Cruz Missile has apparently been “talking to some former colleagues at Morgan Stanley and other people about joining her firm,” though it’s unclear if she’s offered John Mack or Vikram Pandit gigs at this time.
Larry Summers Rejects ‘New Normal’ of Slow U.S. Growth (Bloomberg)
“I would be very reluctant to accept the idea that the American economy no longer has the potential to grow rapidly,” Summers told a forum in New York yesterday.
In Surprise, Obama Wins Nobel Peace Prize For Diplomacy (NYT)
So that’s nice for him.
Carl Icahn: The Market Is Acting Schizophrenic (CNBC)
“If you get a double-dip recession and they start coming down, it’s going to be a bit of a bloodbath,” Icahn said.
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Wot da fuck!
I shoulda won dat Nobel peace prize. My journalism skill brout peace ta so many parts of da world. Wot da fuck is it with dat Nobel committee to give da prize to da prez who done nuttin’ for us.
I got contacts for dis shit.
-cg
zoe, where do I send my res?
-vikula (no hard feelings I hope?)
I’m way hotter that than Zoe Cruz.
- Sallie K
WOW! Just wow.
I spent 17 years in solitary confinement. You ran a successful political campaign. Go figure.
@5 Nellie: You forget the impact of my beer summit!
@5/Nelson
No shit. Now I feel like all these prizes are a real fucking joke. I certainly won’t be looking at them in the same way.
-A black guy
Freedom isn’t free
@1
Obama has done quite a bit thank you. He has “strengthened diplomatic ties between many countries”.
BOOM! you just got CNN FactChecked!
Today is the day the critics will be silenced. Affirmative Action works.
@1 Your journalism has indeed brough peace to parts of the world, and on that account your nomination was given strong consideration. However, please note that actual accomplishment is not the determining factor in awarding the prize, merely “extraordinary efort.”
And frankly, while you have certainly displayed extraordinary effort in “murdering the lats”, we are a bit turned off by the agression. We usually don’t give a shit when people overrun piss-ant baltic countries, but it was just enough to let Obama edge you out.
Good luck, and we look forward to reviewing your nomination next year
You punks couldn’t talk your way to a decent bonus. I can talk my way to world peace. Eat that, suckers.
-Barack
@5, yea, it has been taken down just a notch. But it was really important before…
“You like me, you really like me!!”
They are probably trying to reflate BHO’s self esteem after the IOC clown faced him last Friday.
He wasn’t even President Elect when his name was submitted for consideration last September when the selection process began.
The “short list” was created a few weeks after he was in office.
http://nobelprize.org/nomination/peace/process.html
HOPIUM folks……..
@Naked, it costs a buck ‘o five
@3, no contest, Sugar Tits.
@5
Faka wha? Ho, da guy, he stay akaimi.
-Daniel “You like Beef” Akaka
There is a misunderstanding.
Obama did *not* win the Nobel prize for Peace.
Indeed he won the Nobel prize in Chemistry for his groundbreaking work, together with Tim Geithner, “on how to turn bullshit into gold”.
@5 Nelson, I’m happy for you, and I’m going to let you finish. But did you know Bammy had one of the greatest beer summits of all time!
Heck, have they given out this year’s Economics Prize yet? I bet Dennis Kneale has that one sewn up. He’s done at least as much for the popular understanding of economics as Obama has done for peace.
@19 = ZeroHedge reader
This peace shit won’t go over well in the heartland. Just more evidence of how effete we’ve become and what’s worse, how the rest of the world recognizes this. I expect this will be a major rallying point for those who know that nothing is worth anything unless it is obtained at the end of a gunbarrel. Don’t you know it’s almost impossible to obtain prudent quantities of ammo anymore? It’s being rationed at the Walmart.
Breaking: Charles Gasparino wins Nobel Prize for Lat Torture
@1 I’m really glad that was the first comment of the day
@23 please go find a brown paper bag and breathe into it for a few minutes
…and this is from someone who basically agrees with you
Fucking Lincoln
@26, it would have been nice to had ammo over a paper bag.
@26 I just happen to have a paper bag handy. I will do as you say as soon as I finish the bottle that’s in it.
- 23
Anyone else getting turned on watching Erin get windblown in London? It’s like she’s an a hair product commercial (or soft porn teaser) co-starring Tower Bridge…
Just spent a hundred of that brown paper bag money;
It feels good to be Young Money, Cash Money ;
Rehab, I’m addicted to fast money;
I got stacks of rubber bands up in that
Brown paper bag
Brown paper bag
-Jimmy Cayne
breaking news…I heard they’re going to give Obama the Cy Young Award for throwing out the first pitch at the All Star Game.
@32 for both leagues, no less
Six degrees of separation between Morgan Tsvangirai and the Nobel Peace Prize;
–Multiple assination targeted democracy soldier, Morgan Tsvangirai named after Hollywood stalwart, Morgan Freeman
–Morgan Freeman lives a state bordering one formerly governed by two time governor, Jeb Bush
–Jeb Bush brother of former leader much hated by Nobel Peace Prize committee, George Bush
–George Bush regularly bashed and antagonized by 2008 Economics prize winner, Paul Krugman
–Paul Krugman writes for the left wing media that biased reporting in 07/08 to get Barack H Obama elected and proclaimed The Messiah
@34 you’re an idiot
-1